Launched in 2016, EQ Bank is the direct banking brand of Equitable Bank, a federally regulated Schedule I bank in Canada. Operating without physical branches, EQ Bank leverages a digital-first model to reduce overhead and offer customers higher interest rates on savings products and GICs, as well as mortgage services. Its mission is to drive change in Canadian banking by providing a simpler, more transparent, and more rewarding banking experience. All eligible deposits with EQ Bank are protected by the Canada Deposit Insurance Corporation (CDIC) through its parent company, Equitable Bank.

Founded in

Canada