Personal Account Acts like chequing, earns like savings—with 4.00% interest*.

The best features of a chequing account—plus 4.00% interest* and zero fees on everyday banking. Less take, more make.

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All perks, zero fees

Safe & secure

Rest assured knowing up to $100k of your deposits are eligible for CDIC protection.

No everyday fees

Zero monthly fees, plus free and unlimited Interac e-Transfers®, bill payments, and EFTs1.

4.00%* interest

Set up direct deposit for your pay and get 2.25% interest*—plus 1.75% bonus interest*.

Start earning 4.00% interest* in 3 simple steps

  1. Open a Personal Account in minutes to get the best features of chequing with high interest.
  2. Fund your account to immediately start earning 2.25% interest* on every dollar.
  3. Boost your interest to 4.00%* when you direct deposit your pay.

Unlimited transactions1 with no fees on everyday banking

  • Free and unlimited Interac e-Transfers®, bill payments, and Electronic Funds Transfers1
  • No minimum balance requirements or monthly fees
  • Earn high interest on your day-to-day banking
Create an account
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Free withdrawals from any ATM in Canada

With the EQ Bank Card4, get:

  • Free withdrawals from any ATM in Canada (we’ll reimburse any fees)
  • Cash back on every purchase2
  • No FX fees3, monthly fees, or other hidden fees

Learn more about the EQ Bank Card.

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Security you can trust 

  • CDIC deposit insurance eligibility
  • Multiple security layers and fraud monitoring
  • Secure account linking
  • Backed by Equitable Bank with over 50 years of experience
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Looking for more Personal Account info?

Get the details on the Personal Account

And there’s even more everyday banking to love

  • Point, shoot, save—and earn—with our mobile cheque deposit feature.
  • Fast, safe, and seamless account linking for all your money moves.
  • Budgeting’s a breeze with the ability to open up to 8 accounts.5
  • Earn up to $500** when you refer your friends to EQ Bank.

Is the Personal Account right for you?

It’s right for you if:

  • You’re looking for an account with no everyday banking fees and an unlimited number of transactions each month.
  • You’re looking to make everyday banking transactions, such as direct deposits, pre-authorized debits, Interac e-Transfers®, and bill payments.
  • You’re looking to earn high interest on your day-to-day banking.
  • You need instant access to your funds.
  • You’re looking for an account that’s eligible for CDIC protection.
  • You're looking for a completely digital banking experience.

It’s not right for you if:

  • You’re looking for an account that offers cheques.
  • You’re looking for an account that offers bank drafts and in-branch support.
  • You need to deposit cash.

Common questions answered

Visit our FAQ for more details about our Personal Account.

Get better everyday banking in minutes!

Ready for high interest with the flexibility of chequing? Open a Personal Account now. 

Get started by opening a Personal Account
 

Already a customer? Sign in

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