EQ Bank

EQ Bank – Savings Plus Account

Website: https://www.eqbank.ca/

EQ Bank offers an online-only high-interest savings account for Canadians. Digital banking is available through downloading the mobile app, or at https://www.eqbank.ca/

How to open a bank account

You must be a Canadian resident, 18 years of age or over, and have your SIN number.  Go to https://www.eqbank.ca/, Click “Join Now”

Services Offered

• 1.25% interest Savings Plus Account (subject to change; see website for current rates)
• Free Interac e-Transfers
• International Money Transfers
• TFSA GIC’s are available

Service Charges

• No monthly fees
• No minimum balance
• Fees for International Money Transfers are available in real-time, and available at https://www.eqbank.ca/personal-banking/international-money-transfers

Transfers

To send an E transfer, click on “Transfers”, “send Interac e-Transfer”

Click the box that says, “I need to send an Interac e-Transfer”, a window will pop out

In the new window, fill in the contact information of the recipient you want the transfer sent to

How To Get a Void Cheque or Pre-Authorized Payment Form

• Sign into EQ bank
• Click on “Bills”
• On the left side menu, click on Pre-Authorized payments
• Click “generate void cheque”
• Click “Print or save”
• To save as a PDF, choose “Save as PDF” for the print destination