MY IQ* — MyIQ Bank Charge Explained

MY IQ* on your bank statement is a transaction descriptor for MyIQ, a education company. MyIQ (myiq.com) is an online IQ-testing service. It may offer a low-cost or free trial and a recurring subscription; listed monthly fees are $19.90–$29.99.

What Is the MY IQ* Charge?

MY IQ* is a transaction descriptor for MyIQ, a education company.

MyIQ (myiq.com) is an online IQ-testing service. It may offer a low-cost or free trial and a recurring subscription; listed monthly fees are $19.90–$29.99. Review the offer and receipt, and use myiq.com or myiq.com/contact to manage cancellation. If the entry does not match your records, ask MyIQ or your bank for transaction details.

This code appears on your bank statement because banks display a short payment reference — set by the merchant's payment processor — rather than the company's full trading name. The code MY IQ* is the official identifier that MyIQ registered with Visa or Mastercard.

Is the MY IQ* Charge Legitimate?

If you do not recognise this transaction, contact your bank promptly and follow its reporting process. Your bank can explain what options are available. Contacting the merchant directly may also help.

How Do I Cancel or Dispute a MY IQ* Charge?

  1. Identify the charge: Confirm the charge is from MyIQ by checking your email for a receipt or logging into your account on their website.
  2. Cancel your subscription: If you no longer want the service, log in to MyIQ and cancel your subscription through account settings before the next billing date.
  3. Contact the merchant: If you do not recognise this entry, contact your bank or card issuer and ask them to confirm the transaction and merchant details. Only you and your bank can confirm whether a payment was authorised.
  4. Contact your bank: If the merchant does not resolve the issue, contact your bank or card issuer using the number on the back of your card. They can explain what options may be available and what information they need.

What Other Names Does MyIQ Use on Bank Statements?

MyIQ may also appear on your statement as:

Frequently Asked Questions About MY IQ*

What is MY IQ* on my bank statement?

MY IQ* is a bank statement transaction code for MyIQ, a education company. MyIQ (myiq.com) is an online IQ-testing service. It may offer a low-cost or free trial and a recurring subscription; listed monthly fees are $19.90–$29.99. Review the offer and receipt, and use myiq.com or myiq.com/contact to manage cancellation. If the entry does not match your records, ask MyIQ or your bank for transaction details. This descriptor appears because banks display a shortened payment code instead of the full company name.

Is MY IQ* a scam?

If you do not recognise this transaction, contact your bank promptly and follow its reporting process. Your bank can explain what options are available. Contacting the merchant directly may also help.

Why is MY IQ* on my bank statement?

MY IQ* appears on your statement because MyIQ processed a payment through their card payment provider. The code is set by their payment processor and is the official descriptor registered with Visa or Mastercard. Common reasons include a subscription renewal, a one-off purchase, or a trial period that has converted to a paid plan.

How do I cancel MY IQ*?

If you do not recognise this entry, contact your bank or card issuer and ask them to confirm the transaction and merchant details. Only you and your bank can confirm whether a payment was authorised.

How do I get a refund for a MY IQ* charge?

If you cannot resolve this with the merchant, contact your bank or card issuer. They can explain what options may be available for this type of payment and whether any time limits apply.

For more information about MyIQ and all its known transaction codes, visit the MyIQ merchant page.