Top 5 Neobanks and Digital Banks in Canada

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Neobank
Founded
Comment
1.
2014
KOHO provides a no-fee spending account with instant cash back & money management.
2.
EQ BankEQ Bank
2016
EQ Bank offers various savings programs and investment products.
3.
motusbankmotusbank
2018
No monthly fees, no daily banking fees, no min. balance, 42k+ fee-free ATMs.
4.
Simplii FinancialSimplii Financial
2017
A no-fee chequing account with interest rates on all account balances. High-interest savings accounts.
5.
Neo Money LogoNeo Money
2019
A high interest savings account with the features of a spending account (up to 2.25% APY).