EQ Bank Card

Finally, a bank with a card that makes bank.

Free withdrawals from any ATM in Canada
Cash back^** on every purchase
Earn 2.50% interest^* right up until you spend
No FX fees¹, monthly fees, or other hidden fees

The EQ Bank Card is not currently available in Quebec.

Enjoy a reloadable card² that gives you the same high interest of your Savings Plus Account on your card balance, right up until the moment you spend it—and gives you cash back^** when you do. Oh, and it doesn’t take all those fees you’ve been forced to live with (justice, at last).

Free withdrawals from any ATM in Canada

We don’t charge you any of the annoying fees you’re used to at other banks, but we can’t stop them from charging you at their ATMs. What we can do, though, is pay you back when they do. Banks and other ATM service providers charge you, EQ Bank refunds you within 10 business days.

No FX fees¹, monthly fees, or other hidden fees

We know you’re here to make, so we don’t take any fees when you’re making a purchase online, in-store, or paying a bill like for your phone or internet. That means no credit card surcharges, ATM fees, transaction fees, foreign transaction fees¹, monthly fees, or inactivity fees. Other banks or service providers might charge you on their end, but we won’t.

Get 0.5% cash back^** on what you spend

Your EQ Bank Card gives you 0.5% cash back^** on everything you spend—whether it’s groceries, retail therapy, a restaurant bill, or anything else. Sounds a lot better than most debit cards that don’t make anything, right?

This card works here, there, and everywhere

The new EQ Bank Card works just like any other card you use to spend what you want, where you want, and when you want. Anywhere in the world where Mastercard^® is accepted—that’s more than 210 countries, by the way—with no foreign transaction fees¹.

How it works

Half of phone showing screen with text about connecting to your institution

Open and fund a Savings Plus Account

Sign up to EQ Bank in a matter of minutes to open a Savings Plus Account. From there, fund your account and order a free card in a few quick taps.

Half of phone with screen EQ Bank showing amount to send a quick transfer

Add money to your card

Once you receive and activate your card—it’s easy—load it up in seconds by moving money from your Savings Plus Account or Joint Savings Plus Account, and get ready to spend smarter!

Spend and get cash back^**

Enjoy spending that gives you 0.5% cash back^** on every purchase (and free withdrawals from any ATM in Canada).

Half of phone with screen EQ Bank showing available balance amount

Earn on every dollar

Cash back^** on every purchase and 2.50% interest^* on your loaded balance until you spend it? That’s next-level earnings.

Are you ready for a card that earns more without hidden fees? Open a Savings Plus Account in minutes to get started.

Get your free card

Need more info about the Savings Plus Account? Learn more about our Savings Plus Account

Get the answers

Is the EQ Bank Card a debit card?

How does an EQ Bank Card compare to a debit card?

The EQ Bank Card has quite a few advantages compared to many debit cards:

You don’t have to maintain a minimum balance to avoid paying fees, which means you’re in charge of when you use your money.
You earn high interest on your card balance (just like in your EQ Bank Savings Plus Account). That’s not something you can say about most debit cards and chequing accounts.
You earn cash back^** on all of your purchases, which is definitely a step up compared to debit cards.
Free withdrawals from any ATM in Canada (we reimburse any fees).

How does an EQ Bank Card compare to a credit card?

Will I be charged fees for using the EQ Bank Card?

Do you charge any fees for Canadian ATM withdrawals?

Have more questions? Visit our full FAQ.

Ask questions

Ask our friendly Chatbot anything or connect with a Customer Care Specialist.

Footnotes

Footnote *: Interest is calculated daily on the total closing balance and paid monthly. For the EQ Bank Card, interest is paid into the linked Savings Plus Account. Rates are per annum and subject to change without notice.

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Footnote **: Cash back will be paid monthly. See the EQ Bank Card Agreement for details on earning cash back and other terms and conditions that apply to the EQ Bank Card.

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Footnote 1: Foreign currency transactions will be subject to the Mastercard Currency Conversion rate. EQ Bank does not charge any additional FX fee or markup.

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Footnote 2: The EQ Bank Card is a prepaid reloadable Mastercard issued by Equitable Bank pursuant to a licence from Mastercard International Incorporated.

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Footnote †: Equitable Bank is a member of CDIC. EQ Bank is a trade name of Equitable Bank. Deposits made under EQ Bank and Equitable Bank are aggregately eligible for CDIC protection up to $100,000, per insured category, per depositor.

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Footnote ®/™: Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.

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Footnote: EQ Bank does not offer the following products in the province of Quebec: US Dollar Account, the EQ Bank Card, International Money Transfers, RSP Savings Accounts, and RSP GICs. Additionally, the EQ to EQ transfers feature is not available in Quebec.

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Footnote: $20 sign up bonus for MogoMembers:
This limited time offer is open to new and existing MogoMembers who have not previously and do not currently have an EQ Bank account. Eligible MogoMembers who use the unique referral link provided by Mogo to apply for and successfully open an EQ Bank Savings Plus Account before June 30, 2023 will receive a one-time $20 CAD incentive (the “Incentive”) from Mogo. This offer and the Incentive are not available to MogoMembers who are required to complete their EQ Bank application via a Canada Post location. EQ Bank will verify and determine each customer’s eligibility based on EQ Bank’s records respecting current and past EQ Bank account holders. The Incentive will be issued via an Interac e-Transfer® to the email address associated with your MogoAccount within 10 business days of the date your EQ Bank Savings Plus Account is opened. You will not be eligible for the Incentive if you are in default of any of your obligations to Mogo or in violation of the MogoAccount or any other Mogo Terms & Conditions. Mogo and EQ Bank will not be responsible for any technical or other impediments which may delay or prevent the delivery of the Incentive to you. Mogo reserves the right to change or terminate this offer at any time without notice in its sole discretion. All decisions regarding Incentive eligibility by Mogo and EQ Bank are final and binding

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