Get $150** in sign up cash

It’s easy—see below.

Woman surprised at promo
1.65% on all your cash, no party crashin' monthy fees, no nonsense

Joining EQ Bank gets you $150** (and a whole lot more).

We don’t just want to give you a bonus (but it’s nice, isn’t it?). We want to give you smart banking that earns more, with no monthly fees or other nonsense.

Here’s how to get your $150**

Spoiler alert: it’s an easy process that earns more

  1. 1

    Sign up for an individual EQ Bank Savings Plus Account —which you can do online in minutes!

  2. 2

    Switch your eligible recurring payroll direct deposit to EQ Bank and receive the first deposit within 60 days of opening your Savings Plus Account.

  3. 3

    Keep it going for at least 3 straight months, and you’ll earn a $150** bonus after the third month.

Why it’s a win-win:

You’ll get a sign up bonus, and you’ll earn up to 200× more interest than other banks from the moment you get paid.

Ready to get that bonus?

Join now
man switching to smart banking

How to switch your payroll (and why it’s smart)

Switching your payroll to EQ Bank will get you that $150** bonus, but that’s not all you’ll get:

  • When pay day hits, you’ll start earning 2.00%* interest. Which means you’ll never miss a day of high interest again.
  • You can pay your bills (free) and send Interac e-Transfers® (also free). Once those paycheques start flowing in, why not pay your bills and send money? It won’t cost you a thing, and you’ll earn high interest right up until you pay or send a transfer.

Translation: the days of earning next to nothing on your paycheque are over.

Now here’s how to get your payroll automatically deposited into your Savings Plus Account:

  • In the mobile app, sign in, choose “Direct deposits & payments” from the main menu, then “Download void cheque.”
  • If you’re using a web browser, sign in, choose “My accounts,” click on “Direct deposit,” then “Generate void cheque.”

Once you’ve generated a void cheque, send it to your employer and start earning high interest from the get-go.

The smart banking difference

Whether you’re doing day-to-day banking with a Savings Plus Account (or joint account), or opening a TFSA or RSP, you’ll get:

  • 2.00% interest*
  • No monthly fees
  • No minimum balance
  • Peace of mind—all deposits in EQ Bank products are eligible for Canada Deposit Insurance Corporation (CDIC) deposit protection

Join now

Smart Banking

Ready for smart banking with a $150** cherry on top?

Sign up online in minutes.

Join now
Main dashboard with EQ Bank savings

Common questions answered

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