EQ Bank Account
The EQ Bank Personal Account is redefining everyday banking in Canada. With no monthly fees, high interest on your entire balance, and built-in bill payments, Interac e-Transfers, and mobile cheque deposits, it combines the best of a chequing and savings account — all in one. If you’re tired of low interest and hidden fees, EQ Bank offers a smarter, digital-first alternative.
EQ Bank is the digital banking platform of Equitable Bank, a federally regulated Schedule I Canadian bank. The EQ Personal Account provides high interest on all your funds, without the need to transfer between chequing and savings. It’s ideal for Canadians who want a single, powerful account that pays you more.
Top Features of the EQ Bank Account
- Up to 2.50% interest (subject to change) on your entire balance — no promo period required
- No monthly fees, no minimum balance required
- Unlimited free Interac e-Transfers® and bill payments
- Mobile cheque deposits through the EQ Bank app
- CDIC deposit insurance up to $100,000 per category, per depositor
- Free electronic fund transfers to and from external bank accounts
- Optional joint accounts and U.S. Dollar accounts
- Free international money transfers powered by Wise with real exchange rates
Why Choose EQ Bank?
Unlike traditional banks that separate chequing and savings or offer low interest on everyday accounts, EQ Bank lets you earn more on every dollar, every day. With zero monthly fees, fast digital tools, and transparent service, it’s a modern solution built around how Canadians actually manage money.
Open Your EQ Bank Account Today
Ready to grow your money without sacrificing access? Open your EQ Bank Account in minutes and enjoy high interest, full digital banking, and no monthly fees — all with the security of a Canadian bank.
