A joint account in minutes
When it comes to shared saving, spending, and earning, why complicate things? We’ve made opening a joint account as easy as adding a friend. In a click or a tap, you can share money with those you know and trust the most, while giving you free transactions, no minimum balance, 1.25% interest*, and more. All with online sign-up.
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Easy as 1, 2, 3
Life’s easier to manage when it’s shared. With no monthly fees, you can pool your resources and pay bills with up to three other people—all from a single account.
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Big savings, little effort
With no minimum balance and free bill payments, a Joint Savings Plus Account is the perfect place to pay shared expenses and to save for milestones. Oh, and you’ll earn 1.25% interest* while you’re at it.
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Money made simple
A Joint Savings Plus Account gives you free transactions and makes it simple to see when transactions were made, so it’s easy to track all your money moves.
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Peace of mind, on lock
Deposits held in EQ Bank products are eligible for CDIC deposit insurance†. All you have to do is sit back, relax, and watch your shared savings grow.
Sign-up is a breeze
You can open a Joint Savings Plus Account if you:
- Are a Canadian resident‡
- Meet your province’s age of majority
- Have a Social Insurance Number
Not a customer?
Not a problem. You’ll need to become an EQ Bank customer first—learn more about it here. Or open your account in just a few clicks by applying online.
Already a customer?
Whether through your desktop or mobile app, if you’re already an EQ Bank customer, you can open a joint account in a few easy steps!
From your web browser:
- Sign in to your account
- Hover over “My Accounts” at the top of your screen
- From the drop-down, click “Products”
- Select “Open a joint account”
- Invite friends and family
From your mobile app:
- Sign in to your account
- Tap the menu at the top right of your screen
- Under “Products,” select “Open a new account”
- Under “Account type,” select “Joint Savings Plus Account”
- Invite friends and family
Why is EQ Bank the Right Choice?
Locally Grown
Born in Canada and helping Canadians meet their financial goals for over 45 years.
Strength in Numbers
$35 billion in assets under management and over 900 employees.
Safety First
All deposit products are eligible for CDIC deposit insurance†.
More Joint Account Perks
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$500,000
Maximum Balance (Per Customer)
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Everyday High Interest Rate
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Zero Minimum Balance
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Zero Everyday Banking Fees
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Free Interac e-Transfers®
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Free Bill Payments
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Free Electronic Funds Transfers
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Free EQ to EQ Transfers
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Cheap International Money Transfers
More to think about
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Who should get a joint account?
Joint accounts are designed for people who know each other well. Make sure you trust who you’re inviting, since you will all have full access to the account and the funds that are in it.
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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.
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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 through a browser, 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.
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What if the unexpected happens to a co-holder?
Should something happen to a joint account co-holder, please call the EQ Bank Customer Care team at 1-844-437-2265 (844-4EQ-BANK). We’ll do everything we can to help.
Visit our FAQ for more details about our joint account. Learn more about powers of attorney and joint accounts.
