Products offered

  • EQ Bank Personal Account
  • EQ Bank GICs
  • EQ Bank US Dollar Account
  • EQ Bank Joint Accounts

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Pros and cons of EQ Bank

What our editors liked — and where EQ Bank falls short.

Pros

  • 2.50%+ interest on a true no-fee chequing account
  • Free unlimited Interac e-Transfers and bill payments
  • CDIC insured up to $100,000

Cons

  • No physical branches or in-person support
  • ATM access is through a partner network, not owned machines
  • No credit card or lending products — savings/chequing only