High interest and the flexibility of chequing (for up to 3 people).
Our joint account gives you the high interest and everyday banking benefits of the Savings Plus Account, without ever taking monthly fees—and you can sign up online in minutes.
Earn 3.00% interest* with no fees on everyday banking
Sharing expenses is great. Earning more is even better. Our Joint Savings Plus Account gives you 2.50% interest* with no fees on everyday banking—plus
0.50% bonus interest* when you direct deposit your pay or set up recurring pre-authorized debits. You’ll also get room to deposit up to a maximum of $500,000.
Joint accounts are designed for people who know each other well. Make sure you trust who you’re joining up with, since you will all have full access to the account and the funds that are in it.
Some things to think about:
An account co-holder can withdraw all funds from the joint account without your permission
Account co-holders can view your account transactions
In the case of a marital breakdown of one of the account co-holders, the account could be considered a matrimonial asset and divided accordingly
If you need further details, please call the EQ Bank Customer Care team at 1-844-437-2265 (844-4EQ-BANK) or launch Live Chat
Can I convert my individual account into a joint account?
If you’re already a customer, we recommend keeping your existing individual Savings Plus Account and opening a new joint account.
If you do wish to convert your existing individual account into a joint account, you can do so by signing in, selecting the account you wish to convert, choosing “More options” in the top right corner, and then following the easy steps
to add co-holder(s). Your account will automatically convert to a joint account once a co-holder has accepted your invitation.
How does CDIC deposit insurance work for joint accounts?
Eligible joint deposits are protected for up to $100,000 per set of co-holders, not per co-holder. Eligible joint deposits are insured separately from individual Savings Plus Account deposits.
So, for example, you would be provided coverage for up to $100,000 in each of the following scenarios:
How does a joint account work with my individual Savings Plus Account?
As an existing customer, once you open a joint account, your individual Savings Plus Account stays as is. So your personal banking remains just that—personal—and your joint account is shared.
You’ll be able to transfer funds easily between your individual and joint accounts as many times as you like, at no charge.
Is opening a joint account the same process whether I’m using my computer or the mobile app?
Whether you’re using online banking or our mobile app, opening a joint account is easy. There is a slight difference in the step-by-step process, and below you’ll find a quick breakdown for your reference.
To open a joint account from your web browser:
Sign in to your account
Hover over “My Accounts” at the top of your screen
Under “Account type,” select “Joint Savings Plus Account”
Invite friends and family
Is the Joint Savings Plus Account available in Quebec?
Yes, our Joint Savings Plus Account is available to Quebec customers (please note some features such as EQ to EQ transfers are not currently available in Quebec.). See all the products that are available in Quebec here.