Who is EQ Bank?
What We Believe
EQ Bank is the
smarter way to bank
Tired of banking nonsense? We certainly are. At EQ Bank, we strive to provide far more value than traditional banks. We’re committed to finding better, smarter ways of doing things because we know the only way for things to change, is to make them change.
Our mindset is anything but ordinary and we are constantly challenging ourselves. We adapt. We ask, “what’s the smarter way to do things?” Practically, that looks like giving our customers a way to earn more without the usual banking nonsense– like hidden fees, archaic policies, and paying for services that they don’t use. Plus we have top-notch security and every dollar is eligible for CDIC deposit protection—which means your money is always secure. All of that adds up to one thing: smart money.
Who We Are
Strength in numbers
A bank that strives to transform the way banking has always been done needs a strong team behind it; a team of smart, creative people who share a common passion for doing things differently. As one united team of Challengers, we’ve grown to more than 900 employees, all joining the hundreds of thousands of Canadians who want change from their bank as much as we do.
We celebrate authenticity and the unique differences that make us better, from how we build our teams, create innovative products, and deliver the very best service to our customers.
Strength in performance
EQ Bank is powered by Equitable Bank, Canada's Challenger Bank™. Founded over 50 years ago, Equitable manages more than $37B in assets and has grown to become the country's ninth largest independent Schedule I bank serving more than a quarter million Canadians by providing diversified personal and commercial banking services.
Launched in 2016 as Canada's first-born digital bank, EQ Bank has more than $6 billion in deposits and is committed to bringing smarter banking solutions to Canadians.