With EQ Bank Canada digital banking, you get everyday banking that earns high interest—plus payment options and investment products. Sign up online in minutes.
Go to EQ Bank Learn moreWe put every effort into ensuring information on Neolista is accurate. Double-check details that matter to you before opening an account.
Supported accounts:
Business Personal
EQ Bank has a Trustpilot rating of 2.3 out of 5, based on 136 reviews.
EQ Bank has an Apple App Store rating of 4.8 out of 5, based on 40,749 reviews.
EQ Bank has a Google Play Store rating of 4.2 out of 5, based on 9,193 reviews.
A trusted, all-in-one rating that simplifies feedback from across the web.
EQ Bank is a Canadian digital bank that operates as part of Equitable Bank. It is designed to provide customers with an innovative banking experience through its mobile app and online platform. With no physical branches, EQ Bank offers higher interest rates on savings accounts compared to traditional banks. It aims to simplify banking by offering no everyday banking fees, mobile cheque deposits, unlimited free Interac e-Transfers®, and international money transfers via a partnership with TransferWise.
Customers can manage their accounts entirely online, making it convenient for those who prefer digital banking. EQ Bank also provides a seamless integration with various budgeting tools and financial apps, enhancing user experience through technology. The Bank is committed to ensuring security and offers features like two-factor authentication to protect customers' accounts. EQ Bank's Savings Plus Account is well-recognized for its high-interest rates and flexibility, acting as both a savings and chequing account, providing an efficient way to manage money in today's digital age.
Go to EQ BankDownload the EQ Bank app in the App Store or Google Play store.
EQ Bank has an App Store rating of 4.8 out of 5 (based on 40,749 reviews).
EQ Bank has a Google Play Store rating of 4.2 out of 5 (based on 9,193 reviews).
Explore what real users have to say about their experiences with EQ Bank. These 5-star reviews showcase the exceptional service and satisfaction provided by this neobank, giving you insight into why it's a top choice for customers worldwide.
EQ Bank offers an exceptional experience, and their customer service is equally impressive. I can reach an agent quickly, and they are always cheerful and ready to assist me without any issues. I highly recommend EQ Bank for anyone who values excellent customer service and a banking option that charges nothing while providing the highest interest rates in Canada!
13/08/2024
I made one Interac transfer, and EQ Bank tried to call me for confirmation, but I didn't answer. They suspected suspicious activity and locked all my accounts. I appreciate this proactive measure, as it helps protect against scams or any potential issues with my account. So far, I have no complaints—everything is running smoothly. Thank you, EQ Bank!
13/08/2024
In the past few months, EQ has drastically improved and continually makes changes based on customer feedback. I'm very happy I decided to keep banking with them.
08/08/2024
I was shopping around for a bank account for my everyday spending and came across EQ. I love the commercials with Eugene and Dan Levy! I received the card today and tried to activate it, but my app kept closing due to internet issues, and my account ended up getting locked. No problem! I called the number on the back, and their amazing customer service representative, Michelle, walked me through the process. She was incredibly nice! The account was unlocked after answering my security questions. The locking of my account was a precaution since my internet kept disconnecting, which I appreciate for my protection. It's great to know my bank takes security seriously! I also love that there are no monthly fees, cashback on purchases, and interest—it’s a no-brainer! Even if it were just a buck a month, it would still be something. In today's economy, every little bit helps!
26/07/2024
I have been banking with EQ Bank for over a year, utilizing GIC, savings, and USD accounts. Everything is smooth, efficient, and easy, with excellent interest rates. I've needed to contact customer support a couple of times, and the agents were efficient, professional, and charming, resolving my questions immediately. I highly recommend EQ Bank to friends and family.
18/07/2024
Explore our comprehensive collection of blogs that delve into EQ Bank and the world of mobile banking.
Wallester Business simplifies corporate financial management, offering customizable payment cards, real-time expense tracking, and seamless integration with existing financial systems, empowering businesses to operate with greater efficiency and precision.
Read moreThis article delves into four prominent players in the business banking sector—Multipass, Wise, Qonto, and Pleo. We will explore their offerings, advantages, and how they compare.
Read moreApp-based banks, also known as online banks, have revolutionized the way we manage our finances. But what are they?
Read moreStill have a few things you'd like to clear up? We've put together the following simple answers to questions frequently thought, but rarely asked.
EQ Bank is a Canadian digital bank that operates as part of Equitable Bank. It is designed to provide customers with an innovative banking experience through its mobile app and online platform. With no physical branches, EQ Bank offers higher interest rates on savings accounts compared to traditional banks. It aims to simplify banking by offering no everyday banking fees, mobile cheque deposits, unlimited free Interac e-Transfers®, and international money transfers via a partnership with TransferWise.
Customers can manage their accounts entirely online, making it convenient for those who prefer digital banking. EQ Bank also provides a seamless integration with various budgeting tools and financial apps, enhancing user experience through technology. The Bank is committed to ensuring security and offers features like two-factor authentication to protect customers' accounts. EQ Bank's Savings Plus Account is well-recognized for its high-interest rates and flexibility, acting as both a savings and chequing account, providing an efficient way to manage money in today's digital age.
EQ Bank is currently available for residents of the following countries:
CanadaNo matter where you are, at home or abroad, you can access your EQ Bank account via the app, check your account balance, control your savings, get customer support, make payments and even freeze your debit card if needed. In addition, get real-time notifications every time you make a transaction, so there won’t be any surprises at the end of the month. No need to make appointments, stand in line and lose working hours to manage your finances.
Opening an account with EQ Bank is simple, with no lengthy paperwork. Just download the app, prove your identity, top up your account and you’re ready to go. EQ Bank doesn’t require a copy of your credit history to approve your account, meaning you can open an account and get approved in minutes.
Another main reason to use EQ Bank is the low (or no!) fees. EQ Bank has no physical branches, therefore they can offer lower fees than traditional banks – especially when it comes to ATM withdrawals, money exchange/transfer and payments abroad. For example, EQ Bank offers zero fees on all transactions, including purchases made overseas!
EQ Bank = borderless banking. Low/no exchange rates and low/no ATM withdrawal fees worldwide make traveling a whole lot easier (and cheaper) than with traditional banks- especially in the eurozone. And for added safety, freeze or unfreeze your debit card while you travel, directly in the app.
One of the frustrating things about traditional banks is the amount of documents, contracts and letters that are sent to your mailbox. With EQ Bank everything you need is in the app and all communications are sent to your app or your email. Gone are the days of rummaging through piles of paper around your house – and protecting the environment is the cherry on top.
