Neo Money™ accounts (including Neo Everyday and Neo High-Interest Savings accounts) currently don’t offer overdrafts. Use your available balance to make bill payments, Interac e-Transfer® requests, and purchases using your Neo Money™ card.
What happens if your account doesn’t have enough for a withdrawal or payment
If your Neo Money™ accounts (including Neo Everyday accounts and Neo HISA) don't have enough funds for a withdrawal or payment, the transaction will be declined and you’ll not incur an NSF (Non-sufficient funds) fee.
Overdraft protection for Neo Money accounts
Since Neo Money™ accounts (including Neo Everyday accounts and Neo HISA) don’t offer overdrafts, overdraft protection isn’t available.