Your paycheque could get you more credit
You could access more credit when you add your paycheque direct deposit to Neo.
Neo looks at a variety of factors when determining your access to credit. Adding your pay helps us better understand your finances and can be the best way to grow your credit limits with you over time.
Share your account details with your employer to add your pay today.
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What your paycheque does for your credit
Neo members who bring their pay to Neo get around 30% more credit¹.
Since your paycheque reflects your latest income, moving your pay to Neo can help you qualify for more credit.
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How to move your pay to Neo
Step 1
Open the Neo app and go to your Neo Chequing account.
Step 2
Go to your account settings to view your account details. You can also download a PDF with your account details.
Step 3
Log in to your employer's payroll portal and update your direct deposit details. That's it! Neo will do the rest.
Don't have a Neo Chequing account yet? It takes 2 minutes to open.
More credit over time
The longer your pay stays connected, the bigger the difference.
You could see credit limit growth of around:
20%
within 3 months
35%
within 6 months
58%
within a year²
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Don't have a Neo Chequing account yet?
You'll need one to move your pay to Neo. Open one and get:
- Cashback on essentials
- Real-time spend tracking and categorization
- CDIC protection on your funds
It only takes 2 minutes to open.
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