A joint Neo Chequing account lets two people share one account with equal access, real-time visibility, and no monthly fees. You can open a new one or convert your existing Neo Chequing account into a joint account.
Tip: Looking for save for shared goals? Open a joint Neo Savings account or add a co-owner to an existing savings account.
Before you open a joint chequing account
To open a joint Neo Chequing account, both co-owners need:
To be at least 18 years of age
A valid government-issued ID or international passport
A valid Canadian Social Insurance Number (SIN)
The Neo app updated to the latest version
You can open a new joint Neo Chequing account and invite a co-owner. Or you can add a co-owner to an existing Neo Chequing account.
Note: Joint accounts are only available with the Neo Chequing account and Neo Savings account. You can't open a joint Neo Everyday account.
Open a new joint Neo Chequing account
When you open a new Neo Chequing account, you can choose to make it a personal account or a joint account.
Neo app
Log in to the Neo app and go to Accounts
Tap Add products
Choose a Neo Chequing account
On the Who will use this account? screen, select Me and a co-owner
Continue to invite your co-owner
Web
Log in at member.neofinancial.com
Go to Acocunt (in the sidebar) and find Neo Chequing under Explore products
On the Who will use this account? screen, select Me and a co-owner
Continue to invite your co-owner
Convert your existing Neo Chequing account to a joint account
If you already have a Neo Chequing account, you can add 1 co-owner anytime.
Neo app
Log in and go to Accounts
Select your Neo Chequing account
Tap Manage
Select Add a co-owner
Follow the prompts to invite your co-owner
Web
Log in to member.neofinancial.com and go to the Money section
Select your Neo Chequing account
Open the account menu (the three dots)
Select Add co-owner
Follow the prompts to invite your co-owner
What both co-owners can do
Once the joint Neo Chequing account is open, both co-owners have equal access:
View all transactions in real time
Move money into and out of the account
Send and receive Interac e-Transfers® (select the joint chequing account as the source)
Add a Neo Money™ card to earn 1% cashback on eligible gas and grocery purchases
Earn additional cashback from offers at Neo partners
Each co-owner gets their own Neo Money™ card linked to the joint account. Any cashback from eligible purchases is added to the Rewards Wallet of the co-owner that made the purchase.
What to know about joint ownership
With joint account, both co-owners have full shared access.
Equal access: Both co-owners can withdraw funds at any time.
No monthly fees: There are no monthly fees on a joint Neo Chequing account.
Your other accounts stay the same: Opening a joint account doesn't replace or affect your personal Neo Chequing account or any joint Neo Savings accounts. You can have 1 personal Neo Chequing/Neo Everyday account and 1 joint Neo Chequing account.
Closing the account: Either co-owner can close the account at any time, as long as the balance is $0. If you close the account and want to reopen one later, you'll need to start a new application.
FAQs about joint chequing accounts
How many people can be on a joint account? Two. A joint Neo Chequing account has two co-owners, and both have equal access.
Can I open a joint account with someone who isn't a Canadian resident? Yes, as long as they meet the eligibility requirements — a valid Canadian Social Insurance Number (SIN) and a verifiable identity document.
Do we both need the Neo app? Yes. Both co-owners need to be Neo members and have the app updated to the current version to access and manage the account.
Can we keep our own accounts? Yes. A joint Neo Chequing account works alongside your existing personal and savings accounts — it doesn't replace them.
What is the Neo Money™ card? The Neo Money™ card is a prepaid card that works like a debit card. You can use it to spend in-store and online without manually loading funds. Each co-owner gets their own card linked to the shared account.
Why use a joint account instead of sending Interac e-Transfer® payments? A joint account gives both people one place to manage shared spending — no need to track who owes what or settle up every month.
Can I convert my Neo Everyday account to a joint account? No. Neo Everyday is an older account type that can't be converted to a joint account. To share a chequing account, you can open a new Neo Chequing account and add a co-owner to that.
What if one of us wants to close the account? Either co-owner can close the account at any time, as long as the balance is $0.
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