This article covers personal (consumer) accounts only. Wallet's expanded bill coverage does not apply to Business accounts — business payments still work the way they always have.
Two ways to pay with Chexy
Chexy gives you two different ways to cover a bill, and which one you use depends on what you're paying:
Charge a credit card directly — the original Chexy model. You pick a bill, pick a credit card, and Chexy charges that card to pay your bill. There is a processing fee associated with this.
Pay from your Chexy Wallet balance — The only way to pay certain bill types. You load money into your Wallet first, then that balance is used to pay the bill via Pre-Authorized Debit (PAD), Bill Pay, or e-Transfer. There are no processing fees for payments using your wallet.
Both ways exist side by side — using Wallet for some bills doesn't change how you pay everything else by credit card.
What you can pay by credit card
This is the original, broader list — these bills can be charged directly to a credit card on file, no Wallet required:
Rent
Utilities
Insurance
Childcare & Education
Income, Property & Business Taxes
Household Expenses
Telecommunications
Transportation (car leases)
Gym & Wellness Memberships
Card network eligibility (Visa, Mastercard, Amex) varies by category — see "What types of bills can I pay with Chexy?" for the full breakdown. This list is unchanged by the Wallet launch.
What you can only pay from your Wallet
These bill types are new — they were not payable through Chexy at all before Wallet, and they're not chargeable to a credit card. They can only be paid from money sitting in your Wallet balance:
Credit card bills (paying off a Visa, Mastercard and American Express)
Car loan & financing payments
Buy Now Pay Later providers, like Affirm
Other personal loans
Brokerage & investment account payments
You can't fund one of these payments by charging a credit card — the money has to come from your Wallet balance. Load your Wallet first via Visa Direct (debit) or your linked bank account, then pay from that balance using whichever delivery method fits the recipient — PAD, Bill Pay, or e-Transfer.
Side-by-side comparison
| Credit card payment | Wallet payment |
Funding source | A credit card on file | Your Wallet balance (loaded via Visa Direct or linked bank account) |
Processing fees | Free processing | There’s no processing fee
|
Example bills | Rent, utilities, insurance, taxes, childcare, household expenses, telecom, car lease, gym | Any payments: Credit card bills, car loans, Affirm/BNPL, other loans, brokerage/investment accounts |
Accepted payment types | e-Transfer, Bill Pay or PAD | e-Transfer, Bill Pay or PAD |
Account type | Personal and Business | Personal only — not available on Business accounts yet |
Funding source | A credit card on file | Your Wallet balance (loaded via Visa Direct or linked bank account) |
Processing fees | Free processing | There’s no processing fee
|
Full breakdown, by category
Category | Payment method | Cards accepted | What's accepted | What's NOT accepted |
Rent | Credit card or Wallet | Visa / Mastercard / Amex | Valid rent paid to your landlord, individual or corporation; lease copy required | Short-term accommodation (cottage, hotel, short-stay); paying anyone for something that isn't rent |
Utilities | Credit card or Wallet | Visa / Mastercard / Amex (Amex: eligible businesses via search bar only) | Utility provider or municipality for electricity, water, gas, waste | Phone, internet, streaming (e.g. Netflix); contractor HVAC repair |
Insurance | Credit card or Wallet | Visa / Mastercard / Amex (Amex: eligible businesses via search bar only) | Insurance company for P&C, life, home, auto, pet | Professional membership/licensing fees (e.g. CPA) |
Childcare & Education | Credit card or Wallet | Visa / Mastercard / Amex (Amex: eligible businesses only, not individuals) | Daycare, recognized school, or university (invoice required); individuals via Visa/Mastercard | Pet care; paying an individual for an unrelated purpose |
Income, Property & Business Taxes | Credit card or Wallet | Visa / Mastercard / Amex (Amex: eligible recipients via search bar only) | CRA, Revenu Québec, or municipality | Accountant's fees to prepare/file taxes |
Household Expenses | Credit card or Wallet | Visa / Mastercard only | House cleaner or landscaper | Expenses unrelated to home upkeep/improvement |
Telecommunications | Credit card or Wallet | Visa / Mastercard only | Phone or internet provider | Anything unrelated, or not a phone/internet service |
Transportation (lease) | Credit card or Wallet | Visa / Mastercard only | Car lease payments | Car loan/financing — see Wallet row below instead |
Gym & Wellness Memberships | Credit card or Wallet | Visa / Mastercard only | Gym, fitness studio, wellness membership | Anything that isn't a gym/wellness membership |
Credit Card Bills | Wallet only | N/A — not a card-network payment | Paying off a Visa, Mastercard or American Express credit card balance | Using your credit card |
Car Loan & Financing | Wallet only | N/A — not a card-network payment | Car loan/financing payments | Using your credit card |
Buy Now Pay Later (e.g. Affirm) | Wallet only | N/A — not a card-network payment | BNPL provider repayments | Using your credit card |
Other Personal Loans | Wallet only | N/A — not a card-network payment | Personal loan repayments | Using your credit card |
Brokerage & Investment Accounts | Wallet only | N/A — not a card-network payment | Brokerage/investment account payments | Using your credit card |
Why use Wallet instead of a credit card?
It's the only way to pay these bill types at all. Chexy doesn't let you charge a credit card to pay off another credit card, a car loan, or a brokerage account — so Wallet is the only path for these.
Earn interest. Any money sitting in your Wallet earns interest in the meantime.
Built-in protections. Wallet comes with NSF protection and withdrawal control, so you're not caught off guard by a payment you didn't expect.
This doesn't change anything about your existing credit-card-paid bills. Rent, utilities, and everything else you already pay by credit card keeps working exactly the same way — Wallet is additive, not a replacement.