Best mobile banks in
Canada (November 2024)

Which personal neobanks are best for residents of Canada?

A personal neobank in Canada offers a convenient and often more affordable alternative to traditional banks. These online-only banking solutions provide a range of financial services, including multi-currency accounts, international transfers, and debit cards. Whether you're a frequent traveler, a digital nomad, or simply looking to manage your finances more efficiently, neobanks can offer a seamless and cost-effective solution for residents of Canada.

• Wise – 175 countries. 50 currencies. Get the account built to save you money round the world. Save up to 6x when you send, spend and withdraw 50 currencies, all in one account.
• Koho – Say hello to financial balance and goodbye to credit card interest and surprising bank fees.
• Mydoh – Mydoh is a money management app for parents & teens with a reloadable prepaid card. Track spending, set allowances & send money to your kids and teens.
• EQ Bank – With EQ Bank Canada digital banking, you get everyday banking that earns high interest—plus payment options and investment products. Sign up online in minutes.
• Neo Financial – Neo Financial™ is shaping the future of how Canadians spend, save, and earn. Join now and discover a modern way to manage your money.

Which business neobanks are best for businesses based in Canada?

A business neobank in Canada provides a tailored solution for businesses operating in the country. These online-only banking solutions offer a range of financial services specifically designed for businesses, including multi-currency accounts, international payments, and expense management tools. Whether you're a small startup or an established enterprise, business neobanks can help streamline your financial operations and reduce costs.

• Wallester – Wallester Business offers a comprehensive platform for managing corporate expenses, providing virtual and physical Visa cards along with real-time transaction monitoring and automated reporting.
• Wise – 175 countries. 50 currencies. Get the account built to save you money round the world. Save up to 6x when you send, spend and withdraw 50 currencies, all in one account.
• Payoneer – Pay and get paid with multiple payment methods everywhere with Payoneer. Send business payments to vendors & receive funds from global clients and marketplaces.
• Airwallex – Grow your business faster with Airwallex - global business accounts, high speed transfers, multi-currency cards, online payments, embedded finance, and more.
• EQ Bank – With EQ Bank Canada digital banking, you get everyday banking that earns high interest—plus payment options and investment products. Sign up online in minutes.

Frequently asked questions about neobanks

Everything you need to know about mobile banking. Our FAQ section covers the essentials, offering you insights and answers to the most common questions about managing your finances through mobile banks.