Neo Advance
GET UP TO $300 WITH 0% INTEREST
80%+ qualify for cash instantly.
Get cash in minutes and build your credit history every time you repay.
0% Interest
Instant access to cash
No hard credit check
Build your credit history
WHY NEO ADVANCE?
When you're short on cash, you don't need a lecture. You need the money.
Neo Advance puts up to $300 in your hands instantly. No interest, no hard credit check, no waiting. It's there when your rent is due, your car needs gas, or life just doesn't care about your payday schedule.
ACCESS UP TO $300 IN MINUTES
- 1
Open a Neo Chequing account & apply for Neo Advance
Apply with no hard credit check and see your starting limit.
- 2
Accept your limit and unlock Build
See what else is included.Subscribe to Build for $9.99/month. Your first month is free and you can cancel anytime.
- 3
Access your cash instantly
Get $20-$300 to spend on your Neo Money™ card, pay bills, or withdraw at an ATM.
- 4
Use, repay and build credit history
Every on-time repayment reports to Equifax & TransUnion® to help build your history.
A CASH ADVANCE THAT BUILDS CREDIT
Most cash advances leave you right where you started. Neo reports on-time repayments so you can unlock bigger credit milestones.
NEO ADVANCE
MOST CASH LENDERS
Interest charged
0%
21%*
Recognized by TransUnion and Equifax
Builds credit history
Unlocks more access to credit
Features
NEO ADVANCE
MOST CASH LENDERS
Interest charged
0%
21%*
Recognized by TransUnion and Equifax
Builds credit history
Unlocks more access to credit
How to sign up for Neo Advance
STEP 1: SIGN UP FOR A NEO PROFILE
It’s free and only takes a few minutes to set up.
STEP 2: OPEN A NEO CHEQUING ACCOUNT
From your app home screen, select the Neo Chequing account.
Follow the on-screen steps to go through the application to verify your identity and get your account set up.
STEP 3: UNLOCK NEO ADVANCE
Once you've set up your Neo Chequing account you can access Advance in-app:
- Navigate to your Neo Chequing view and tap 'unlock' on the Neo Advance feature on your chequing account.
- Follow the on-screen instructions and confirm your Advance amount.
- Your Advance becomes available immediately from your Neo Chequing account, to pay bills, and withdraw or spend on your Neo Money™ card.
How do I use Neo Advance?
KEEP YOUR FINANCIAL LIFE MOVING FORWARDS
Once you set up your Neo Advance, it automatically covers you when your Chequing balance falls below $0, up to your available limit. It’s automatically repaid when money enters your account.
HOW DO I PAY AN ADVANCE BACK?
Your Advance is automatically repaid when money comes into your Neo Chequing account, much like a traditional overdraft.
As long as you have enough funds coming into your Neo Chequing account to cover the balance by the due date, there’s nothing for you to manually do.
HOW CAN NEO ADVANCE HELP BUILD MY CREDIT LIMIT?
Neo Advance is a credit product that is reported monthly to the two major Canadian credit bureaus.
Using and repaying your Advance on time builds a record of responsible credit use, and helps build your credit history over time.
Help build your credit history over time.
UNLOCK HIGHER LIMITS
Offers start from $20–$120 and increase automatically as you make on-time repayments and deposit your payroll.
WHAT IS A BUILD MEMBERSHIP?
You get access to Neo Advance with a Build membership, a bundle of credit tools designed to help you move forward.
More credit for members
Build membership tools help you show positive momentum, allowing us to give you higher limits, sooner.
Up to $300 cash advance
No interest. Available instantly. Builds your credit history.
Secured credit limits
Get any Neo credit card with a secured limit, access included in your membership.
Credit score monitoring¹
Track how every healthy financial decision makes a difference.
ATM fee reimbursement²
Use Neo Money™ card anywhere.
Free everyday transactions
Take your daily spends further.
All this for $9.99 a month
Less than $0.34/day. Cancel anytime.
FROM $300 TO YOUR FIRST HOME. HERE’S HOW NEO GETS YOU THERE.
Credit isn't one path. It's yours. Neo is built so that no matter where you start, your next move is always clear.
Neo Advance puts up to $300 in your hands. It acts like a springboard to your next credit opportunity. And every positive action you take is captured, including things the big banks don't even track.
BUILT FOR CANADIANS. TRUSTED BY 1M+.
CDIC
Backed next-gen security
#1
Deloitte Fast 50 2023–2025
4.8 ★★★★★
+10,000 App ratings
HAVE A QUESTION?
Here’s some common questions about Neo Advance.