Chexy
NeobancQuick verdict: Chexy stands out for Aeroplan earning, referral-based fee reductions, and a cleaner, easier-to-use portal. Neobanc stands out for broader bill-payment flexibility: eligible rent, property tax, utilities, telecom, insurance and even credit-card bills can earn Neobanc rewards. Interac e-Transfer funding is free, while credit-card bills specifically must be funded by Interac.
The Comparison at a Glance
| What Matters | Chexy | Neobanc |
|---|---|---|
| Rent payments | Yes | Yes |
| Credit-card fee | 1.75% standard; 1.50% after 3 successful referrals, 1.00% after 5, and 0.50% after 10 on qualifying spend | Currently 1.50% with the 1% reward or 2.25% with the promotional 2% reward |
| Interac e-Transfer funding | Not the main consumer funding method | Free for eligible rent and bill payments; required for credit-card bills |
| Platform reward | Eligible users can earn Aeroplan points through Chexy, in addition to applicable credit-card rewards | 1% Neobanc Credit on eligible rent and bill payments; current promotional terms may differ by product |
| Referral advantage | Successful referrals can materially reduce the processing fee | Referral program does not reduce the normal payment fee in the same way |
| Payment timing | Recurring card payments are normally charged 4 business days before the due date | Payments must be initiated at least 3 full business days before the due date; Interac users may need to fund earlier for a comfortable buffer |
| Interface | Cleaner and easier to use in our experience | More features, but the payment flow can feel less straightforward |
Why Chexy Can Be Better
Aeroplan is the clearest extra benefit. Eligible Chexy users can link an Aeroplan account and earn Aeroplan points on qualifying Chexy activity, separate from any rewards earned by the credit card itself.
Chexy also becomes much more competitive if you refer people successfully. Its standard Canadian-card fee is 1.75%, but the 2026 referral program lowers qualifying fees to 1.50% after 3 referrals, 1.00% after 5, and 0.50% after 10, subject to Chexy's annual qualifying-spend limit.
There is also a practical difference that does not show up in the fee table: Chexy's portal is cleaner and easier to understand in our experience. For someone making a large rent payment every month, a simple payment history and scheduling flow matters.
Why Neobanc Can Be Better
Neobanc's biggest advantage is broader bill coverage with its own reward layer. It advertises 1% Neobanc Credit on eligible bills, including utilities, telecom, insurance, property taxes and credit-card bills, as well as rewards on rent. This can be more valuable than Chexy's standard-fee setup if you have not unlocked Chexy's lower referral rates.
Paying a credit-card bill is a particularly useful Neobanc feature. Credit-card bills must be funded by free Interac e-Transfer rather than another credit card, and Neobanc advertises cashback on eligible credit-card bill payments. For other eligible bills, users can choose Interac or a credit card where supported.
The trade-off with Interac is timing. Neobanc tells users to fund at least three business days before a bill is due, so your cash may need to sit in the Neobanc payment flow for several days before the bill is paid.
Chexy's 1.75% Fee Is Not Fixed
Chexy's normal Canadian-card processing fee is 1.75%, but its 2026 referral program changes the comparison substantially: 3+ successful referrals = 1.50%, 5+ = 1.00%, and 10+ = 0.50% on qualifying spend. Referral discounts apply to up to $50,000 of qualifying spend per calendar year.
Aeroplan Is a Real Chexy Advantage
Chexy allows eligible users to connect an Aeroplan account and earn Aeroplan points on qualifying activity. Current offers and eligibility can change, so I would not value the comparison using a fixed promotional points number. The important distinction is that Chexy has an Aeroplan earning layer that Neobanc does not currently match.
One Current Credit-Card Change to Know
Scotiabank says that beginning October 22, 2026, rent and tax payments coded under the affected merchant categories will no longer qualify for the Scotia Momentum Visa Infinite+'s 4% recurring-bill category. That weakens one historically popular Chexy card combination, although Chexy's lower referral fee tiers and Aeroplan benefits can still change the overall value.
Pros and Cons
Chexy — Pros
- Aeroplan earning on eligible activity.
- Referral status can lower the fee from 1.75% to as little as 0.50% on qualifying spend.
- Cleaner, easier-to-use portal in our experience.
Chexy — Cons
- Standard 1.75% fee is expensive if you have not unlocked a lower rate.
- Credit-card reward value still depends on the card issuer and transaction coding.
Neobanc — Pros
- 1% Neobanc Credit on eligible bills such as utilities, telecom, property tax and credit-card bills.
- Free Interac e-Transfer funding; credit-card bills can be paid this way and still earn eligible Neobanc rewards.
- Broader bill-payment coverage can be more rewarding if you have not built Chexy referral status.
Neobanc — Cons
- Rewards are Neobanc Credits, not withdrawable cash.
- Interac funding requires moving money into Neobanc several business days before the bill is due.
Which One Would I Choose?
| Situation | Better Fit | Why |
|---|---|---|
| I value Aeroplan points | Chexy | Chexy has direct Aeroplan earning on eligible activity. |
| I can reach 5 or 10 successful Chexy referrals | Chexy | The fee can fall to 1.00% or 0.50% on qualifying spend. |
| I cannot unlock Chexy's lower referral fees | Neobanc | Its reward layer can be more attractive than paying Chexy's standard 1.75% fee. |
| I want rewards on credit-card bills or more bill types | Neobanc | Neobanc supports eligible utilities, telecom, property tax and credit-card bills; credit-card bills are funded by Interac. |
| I want to avoid a card processing fee | Neobanc via Interac | Interac funding is free for supported payments. |
| I care most about a clean, simple portal | Chexy | Chexy is easier to navigate in our experience. |
Conclusion
Chexy is more attractive if you value Aeroplan, can build referral status, or prefer its cleaner payment experience. Neobanc is more attractive if you want rewards across more bill types, especially credit-card bills, or want free Interac funding.
The main Neobanc trade-off is that Interac-funded payments need to be funded several business days early. The main Chexy trade-off is its standard 1.75% fee until you unlock a lower referral rate.
Current BestReferral Offers
Chexy
Current BestReferral listing: $20. Check the company page for the current referral terms.
View Chexy offer →Neobanc
Current BestReferral listing: Up to $50 Bonus. Review current reward and platform terms before signing up.
View Neobanc offer →