EQ Bank vs Wise

Highlights

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

EQ Bank

Neobank

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

Wise

Top rated

Mobile-first banking
Personal & business accounts
Available in 177 countries
Founded in 2011

Average Neolista Scores

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

4.1

VS

4.7

VS

Directory average

4.1

EQ Bank vs Wise: the full comparison

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

EQ Bank is available in 1 country, while Wise, founded in 2011, is available in 177 countries. 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, Wise is geared towards both individuals and businesses. 175 countries. 50 currencies. Get the account built to save you money round the world. Save up to 6x when you send, spend and withdraw 50 currencies, all in one account. 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 Wise 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 Wise aren't available everywhere. Here's where each one currently operates.

EQ Bank

Available in 1 country

VS

Wise

Available in 177 countries

+163 more

What customers are saying

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

“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

“SIMPLE, DOES WHAT IT SAYS ON THE TIN,”

Alan"Wise" 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

Wise is great for everyone

Wise is available for both personal and business customers.

Personal accountsBusiness accounts

Go to Wise