Get a second chance at your first bank account.

Still using the account your parents signed you up for? Stop paying fees and start earning interest on your everyday banking.

Create an account

Personal Account

Get the features of chequing with 4.00% interest* and no fees.
Learn more about our Personal Account

Notice Savings Account

Earn up to 3x more6 interest than with other banks.
Learn more about our Notice Savings Account
GIC

GICs

Lock in high growth with 5.05%** interest on a 1-year GIC.
Learn more about our GIC options

Make Bank with one of Canada’s best.

Rated one of Forbes’ Best Banks in Canada 4 years in a row. Our customers have spoken—they’re here for less take and more make.

A Forbes badge stating Forbes 2024 World’s Best Banks 4 Year Champion

Personal Account

Enjoy many of the benefits of a chequing account plus unlimited transactions1 and high interest.

  • Earn 4.00% interest* (2.50% everyday interest* + 1.50%* when you direct deposit your pay)
  • No monthly fees or minimum balance
  • Free unlimited bill payments, Interac e-Transfers® and more1
  • Free withdrawals from any ATM in Canada and cash back2 with the EQ Bank Card

Notice Savings Account

Get some of the best savings rates in Canada with the flexibility to access your money with notice.

  • Earn up to 3x more6 interest than with other banks
  • Choose from 4.50%* interest with 10 day notice or 5.00%* interest with 30 day notice
  • No fees or minimum balance
  • All deposits are eligible for Canada Deposit Insurance Corporation (CDIC) protection

Joint Account

All the everyday banking perks of the Personal Account, for a smarter shared banking experience.

  • Earn 4.00% interest* (2.50% everyday interest* + 1.50%* when you direct deposit your pay)
  • Easy online sign-up with zero paperwork
  • Add up to 3 people in a single click

US Dollar Account

Earn more on US dollars without the nonsense of annoying fees.

  • 3.00% interest* on every dollar
  • No monthly fees
  • Seriously competitive exchange rate
  • A fast, cheap way to send US dollars abroad

GICs

Invest it and forget it with guaranteed rates on our registered and non-registered GICs.

  • FEATURED RATE: 5.05%**on a 1-year GIC
  • Invest for the short term or long term
  • Invest with as little as $100 with our low minimum deposit
  • Skip the hassle and buy a GIC in seconds

RSP Savings Account

Grow your retirement savings the smart way.

  • 3.00% interest* on every tax-deferred dollar
  • Zero fees for bigger earnings
  • No minimum balance or other banking nonsense
  • Online sign-up in minutes

TFSA Savings Account

Invest smarter with high interest and tax-free earnings.

  • 3.00% interest*, tax-free
  • Zero fees for bigger earnings
  • No minimum balance
  • No-nonsense online sign-up in minutes

FHSA Savings Account

Reach your home ownership goal with a tax-free account designed for first-time homebuyers.

  • 3.00% tax-free interest*
  • Contributions are deducted from taxable income
  • Qualifying tax-free withdrawals5 that don’t need to be repaid
  • Easy online sign-up in minutes

EQ Bank Card

A reloadable card4 for spending and earning more (without all the fees).

  • Make free withdrawals from any ATM in Canada
  • Get cash back on every purchase2
  • Earn the same high interest rate as your Personal Account right up until you spend
  • No FX fees3, monthly fees, or other hidden fees

International Money Transfers

Need to send money or make payments abroad? Do it for a whole lot less.

  • Up to 8× cheaper than other banks
  • A no-nonsense, zero-markup exchange rate
  • Send money direct from your account in a few easy steps
  • Get your money there fast (some transfers are instant!)

Mortgage Marketplace

The no-nonsense way to find the best mortgage that’s right for you.

  • Access 2,000+ mortgage products in one place
  • Get the best rates right from the start
  • Simple online process
End of product cards

It’s time for the everyday banking you deserve

Get ready to make

Monthly fees? No way. 4.00% interest* on everyday banking with unlimited transactions1? Absolutely. Plus free withdrawals from any ATM in Canada and cash back on every purchase2 with the EQ Bank Card.

Without all the take

No gimmicks, no accounts you don’t need, just seamless digital banking where all of our customers get access to our great rates—with no annoying paperwork or lineups.

We’re secure and trusted too

We have top-notch security and all of our deposit products are eligible for CDIC deposit insurance. We’re also trusted by hundreds of thousands of customers to the tune of over $7B in deposits—and backed by Equitable Bank which has 50+ years of experience in the Canadian market.

Screenshot of  intuitive digital banking interface

It’s time for the everyday banking you deserve

Get ready to make

Monthly fees? No way. 4.00% interest* on everyday banking with unlimited transactions1? Absolutely. Plus free withdrawals from any ATM in Canada and cash back on every purchase2 with the EQ Bank Card.

Without all the take

No gimmicks, no accounts you don’t need, just seamless digital banking where all of our customers get access to our great rates—with no annoying paperwork or lineups.

We’re secure and trusted too

We have top-notch security and all of our deposit products are eligible for CDIC deposit insurance. We’re also trusted by hundreds of thousands of customers to the tune of over $7B in deposits—and backed by Equitable Bank which has 50+ years of experience in the Canadian market.

Screenshot of intuitive mobile digital banking interface

We checked and...
we check all the boxes

At EQ Bank, you get:

High interest on everyday banking
Same access to great rates for all customers
No monthly or hidden fees and free everyday transactions
No bank account minimum balances
No branches = more value
Free withdrawals from any ATM in Canada
Cash back on every purchase2

At other banks, you often get:

Barely-there interest rates on everyday banking
Interest rate incentives for new customers only
Monthly and hidden fees, transaction fees, etc.
Bank account minimum balances often required
Expensive branches = more costs
Fees with certain ATMs
Cash back that can be restricted to certain partners

Our customers have been talking

Getting noticed in a big way

Hold on...are you still not convinced?

Most people never scroll down this far, but if you really, really need a recap, we’re not opposed to a cheat sheet on everyday banking that makes without all the take:

  • Earn more with incredible rates and no monthly fees
  • Enjoy everyday banking with free everyday transactions and no minimum balance restrictions
  • Get safety and security from a bank you can trust

Are you ready now?

Sign up to become an EQ Bank customer

Education Centre

Unpacking all things money.


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