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.
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Supported accounts:
PersonalBusiness
EQ Bank has a Trustpilot rating of 1.8 out of 5, based on 269 reviews.
EQ Bank has a Google Play Store rating of 4.1 out of 5, based on 13,278 reviews.
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A weighted average across Trustpilot, App Store, and Google Play. Each source is weighted by its review count, so high-volume sources contribute more to the final score.
Not sure which to pick? Here's how EQ Bank stacks up against other fintechs.
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Open accounts, move money, manage cards, and track spending — straight from your phone.
Explore what real users have to say about their experiences with EQ Bank. These five-star reviews showcase the service and satisfaction that make it a top choice for customers worldwide.
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
July 19, 2026
A customer service named Sophia spoke wit me, answered all my questions and cleared my confusion. Her level of patience and professionalism is top-notch. Thank you so much!Keep it up Sophia!!
June 19, 2026
Explore our collection of articles covering EQ Bank and the wider world of digital finance.
For European SMEs seeking modern financial infrastructure, the choice between Wallester Business and Bunq Business hinges on one core distinction: the need for scalable expense management versus a full-service digital bank.
Read moreIf your business spans countries, currencies, and remote teams, your choice of financial infrastructure can make or break efficiency. In this article, we compare Wallester Business and Wise Business side by side — from card issuance to multi-currency accounts — to help you choose the best platform for your company’s global finance operations.
Read moreChoosing the right spend management tool can make or break your financial efficiency — especially if your business operates across multiple teams, cost centres, or currencies. In this comparison, we break down how Wallester Business and Pleo stack up in features, pricing, and scalability to help you find the best fit for your company’s expense management needs.
Read moreIn the EEA, two popular options are Wallester Business and Revolut Business. Both platforms offer card issuance, team access, and expense tracking features. However, they are not the same.
Read moreWallester Business and Payhawk are both corporate card and expense management platforms. However, there are some significant differences between the two.
Read moreStill have a few things you'd like to clear up? Here are straightforward answers to the questions people most often ask about EQ Bank.
EQ Bank is a Canadian digital bank that operates as part of Equitable Bank. It is designed to provide customers with an innovative banking experience through its mobile app and online platform. With no physical branches, EQ Bank offers higher interest rates on savings accounts compared to traditional banks. It aims to simplify banking by offering no everyday banking fees, mobile cheque deposits, unlimited free Interac e-Transfers®, and international money transfers via a partnership with TransferWise.
Customers can manage their accounts entirely online, making it convenient for those who prefer digital banking. EQ Bank also provides a seamless integration with various budgeting tools and financial apps, enhancing user experience through technology. The Bank is committed to ensuring security and offers features like two-factor authentication to protect customers' accounts. EQ Bank's Savings Plus Account is well-recognized for its high-interest rates and flexibility, acting as both a savings and chequing account, providing an efficient way to manage money in today's digital age.
EQ Bank is currently available to residents of the following countries:
EQ Bank offers both personal and business accounts.
On the Google Play Store, EQ Bank holds a rating of 4.1 out of 5 from 13,278 reviews.
On Trustpilot, EQ Bank holds a rating of 1.8 out of 5 from 269 reviews.
You can sign up for EQ Bank directly on their website or mobile app. Opening an account usually takes only a few minutes — you'll need a valid ID and a few personal details to get verified.
Go to EQ BankFrom time to time we’ll send you must-know financial news and the best money-saving tips.
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