EQ Bank
EQ Bank is the digital banking brand of Equitable Bank, a Canadian schedule I bank. It offers high-interest savings, payments and related products through an online/mobile experience without a branch network for EQ-branded retail customers.1
History
Equitable Bank launched the EQ Bank brand to gather retail deposits digitally, competing on rate and simplicity in Canada’s concentrated banking market.2
Company
EQ Bank is a brand of Equitable Bank, a publicly traded Canadian bank with professional management—not a venture neobank startup.
Licence
Deposits are held at Equitable Bank, a licensed Canadian bank with CDIC protection on eligible deposits.
Products
Products include savings accounts, GICs, everyday banking features, international transfers and notice accounts marketed through the EQ Bank digital channels.
References
- EQ Bank is Equitable Bank's digital banking brand. https://www.eqbank.ca/
- EQ Bank competes in Canada on digital deposits and rates. https://www.equitablebank.ca/
Frequently asked questions
- What is EQ Bank?
- EQ Bank is a Canadian digital bank brand of Equitable Bank offering high-interest deposits and everyday banking.
- Where is EQ Bank headquartered?
- EQ Bank is headquartered in Toronto, Canada.
- What type of company is EQ Bank?
- EQ Bank is described as Licensed digital bank brand in its neobank.wiki profile.
See also
- Airwallex — Airwallex is an Australian-founded business fintech for global accounts, payments and spend management.
- Alex Johnson — Alex Johnson is the founder of Fintech Takes, a widely read fintech newsletter and podcast; he is active on X as @AlexH_Johnson.
- Alexandre Prot — Alexandre Prot is co-founder and CEO of Qonto, the Paris-based European business neobank.
- Ali Niknam — Ali Niknam is founder and CEO of Bunq, the Amsterdam-based licensed Dutch neobank.
- Ally Bank — Ally Bank is a large U.S. online bank offering deposits, loans and investment products without branches.