Get up to $100 Cashback with Beacon Money at Iqbal Foods!
Grocery shopping just got more rewarding! When you use your Beacon Money Card at Iqbal Foods, you can earn up to $100 in cash back, starting with 10% cashback on your first purchase and 5% on your recurring purchases till you consume your $100.
Get cashback in 3 business days. Terms and Conditions Apply
Beacon Money
Purpose-built financial services for immigrants to Canada
Beacon Money gives immigrants from around the world the ability to open, fund and use Beacon for everyday spending needs.
Effortless account opening
Ready before landing
Ideal for daily financial needs
Easy global funding
Customer testimonials
Read firsthand how Beacon is helping newcomers settle in Canada with ease
I use Beacon to pay my mobile bill. The process is incredibly smooth, and I got my cashback in no quick time.
Sayeed
Ten years as a resident in Canada
There is no need to transfer funds from Canada to Indian banks just for making bill payments.
What I love the most is the peace of mind it brings—not just for me, but for my parents in India, who no longer have to worry about due dates or standing in queues.
Laxmi
New immigrant on PR
I was able to get my cashback in less than 24 hours.
It’s an amazing service I’ve ever encountered by any Financial service
Cody
Canadian citizen with family in India
FAQ’s
u003cspan style=u0022font-weight: 400;u0022u003eTo open a Beacon Money account, you’ll need to submit a few documents as part of the KYC process:u003c/spanu003ernrnu003cspan style=u0022font-weight: 400;u0022u003eFor Canadian citizens or permanent residents:u003c/spanu003ernu003culu003ern tu003cli style=u0022font-weight: 400;u0022 aria-level=u00221u0022u003eu003cbu003eIdentity verificationu003c/bu003eu003cspan style=u0022font-weight: 400;u0022u003e (e.g. Canadian passport or Canadian driving license)u003c/spanu003eu003c/liu003ern tu003cli style=u0022font-weight: 400;u0022 aria-level=u00221u0022u003eu003cspan style=u0022font-weight: 400;u0022u003eYour Social Insurance Number (SIN)u003c/spanu003eu003c/liu003ernu003c/ulu003ernu003cspan style=u0022font-weight: 400;u0022u003eFor others:u003c/spanu003ernu003culu003ern tu003cli style=u0022font-weight: 400;u0022 aria-level=u00221u0022u003eu003cbu003eIdentity verificationu003c/bu003eu003cspan style=u0022font-weight: 400;u0022u003e (e.g. passport)u003c/spanu003eu003c/liu003ern tu003cli style=u0022font-weight: 400;u0022 aria-level=u00221u0022u003eu003cbu003eCanadian visa statusu003c/bu003eu003cspan style=u0022font-weight: 400;u0022u003e (stamped immigrant visa, or work visa, or student visa.)u003c/spanu003eu003c/liu003ern tu003cli style=u0022font-weight: 400;u0022 aria-level=u00221u0022u003eu003cbu003eTax reporting informationu003c/bu003eu003cspan style=u0022font-weight: 400;u0022u003e from your country of citizenship, if applicable. u003c/spanu003eu003c/liu003ernu003c/ulu003ernu003cspan style=u0022font-weight: 400;u0022u003eEnsure all documents are clear and current for a seamless application process!u003c/spanu003e
u003cspan style=u0022font-weight: 400;u0022u003eAll customer funds are securely held with a Schedule 1 bank in Canada, ensuring the highest standards of safety and trust. Beacon is compliant with FINTRAC, Canada’s government regulatory body.u003c/spanu003e
u003cspan style=u0022font-weight: 400;u0022u003eYou can request a physical Beacon Money card within the Beacon app. Your card will be delivered to your Canadian address within 7-10 business days. If you haven’t received it after 10 days, please contact support via in-app chat or email. u003c/spanu003e
u003cspan style=u0022font-weight: 400;u0022u003eYes, you can! Just click the copy icon next to the card number on your virtual card, then manually enter the details – card number, CVV, and expiry date into your Apple, Samsung, or Google Wallet. After that, you can use your virtual card for future transactions.u003c/spanu003e
u003cspan style=u0022font-weight: 400;u0022u003eYou can withdraw money from your Beacon Money account at any Visa-enabled ATM worldwide. While Beacon doesn’t charge withdrawal fees, the ATM provider may apply a fee, which can vary depending on the bank/ATM provider. Be sure to check these charges before completing your transaction.u003c/spanu003ernrnu0026nbsp;
