EQ Bank vs Mercury

Highlights

A quick, at-a-glance look at what makes EQ Bank and Mercury stand out.

EQ Bank

Neobank

Mobile-first banking
Personal & business accounts
Available in 1 country
Rated 4.1 / 5 on Neolista

Mercury

Top rated

Mobile-first banking
Built for businesses
Available in 1 country
Rated 4.7 / 5 on Neolista

Average Neolista Scores

Compare the Neolista scores of EQ Bank and Mercury to the overall average score across all listed providers.

4.1

VS

4.7

VS

Directory average

4.1

EQ Bank vs Mercury: the full comparison

Our breakdown of how EQ Bank and Mercury compare — and which might suit you best.

EQ Bank is available in 1 country, while Mercury is available in 1 country. Both are popular neobanks, but they take different approaches and suit different needs.

EQ Bank is best suited to both individuals and businesses. With EQ Bank Canada digital banking, you get everyday banking that earns high interest—plus payment options and investment products. Sign up online in minutes. It currently holds a Neolista score of 4.1 out of 5.

By comparison, Mercury is geared towards businesses. Online Business Banking For Startups & Small Businesses. Apply in 10 minutes for business banking that transforms how you operate. It currently holds a Neolista score of 4.7 out of 5.

If EQ Bank lines up with what you need, it's a strong choice — but it's worth weighing Mercury too, especially on availability, fees and the account types each one supports. Use the live details above to pick the option that fits you best.

Where can you use them?

EQ Bank and Mercury aren't available everywhere. Here's where each one currently operates.

Heads up: EQ Bank and Mercury don't currently operate in any of the same countries.

EQ Bank

Available in 1 country

VS

Mercury

Available in 1 country

What customers are saying

Recent verified 5-star reviews for EQ Bank and Mercury.

“Unlike others I give EQ bank high ratings, I am not looking for full customer service, I find even the brick and mortar banks make constant mistakes. EQ works for me, because I know and understand their rules, I do everything electronic and want to get a higher interest rate. I started with EQ after Tangerine abandon decent rates, except for sales. My funds in EQ I consider transactional but can total $20-$30K and because I cannot lock the funds up, I appreciate the better returns. I have since also started banking with WealthSimple because of their new credit card, I keep enough there to avoid the monthly fees, but EQ is still my bank of choice to park my funds. Just don't open account here if you want easy to access full service, that's not what they offer, as least for now. Who knows how it will change with the purchase of PC Financial”

drascotia"EQ Bank" review from Trustpilot

“I’ve had a very positive experience with Mercury. The platform is modern, simple, and easy to use, especially for managing a U.S. business remotely. Customer support has also been responsive and helpful whenever needed. Overall, a reliable and well-designed banking experience.”

Cenk"Mercury" review from Trustpilot

EQ Bank is great for everyone

EQ Bank is available for both personal and business customers.

Personal accountsBusiness accounts

Go to EQ Bank

Mercury is great for businesses

Mercury offers accounts for business customers.

Business accounts

Go to Mercury