# EQ Bank

> EQ Bank is a Canadian digital bank brand of Equitable Bank offering high-interest deposits and everyday banking.

Source: https://www.neobank.wiki/wiki/eq-bank
Last updated: 2026-08-11
Categories: Financial technology, Canada neobanks, Licensed neobanks, Consumer neobanks, Public companies

**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.[^eq1]

## History

Equitable Bank launched the EQ Bank brand to gather retail deposits digitally, competing on rate and simplicity in Canada’s concentrated banking market.[^eq2]

## Company

EQ Bank is a brand of Equitable Bank, a publicly traded Canadian bank with professional management—not a venture [neobank](/wiki/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.

## Infobox

- **Type**: Brand of Equitable Bank (TSX)
- **Headquarters**: Toronto, Canada
- **Model**: Licensed digital bank brand

## 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.


## References

[^eq1]: EQ Bank is Equitable Bank's digital banking brand. — https://www.eqbank.ca/
[^eq2]: EQ Bank competes in Canada on digital deposits and rates. — https://www.equitablebank.ca/