EQ Bank Personal Account
Earn 2.75% interest on your money with qualifying direct deposits of $2,000/month, and 1.00% otherwise.
EQ Bank promotions and offers
Check out the latest EQ Bank promotions and new account offers currently available.
We’ve rounded up the latest and best EQ Bank promotions here, so you can easily compare new account offers and get the best deal for you. In the past, we’ve seen EQ Bank offer promotional interest rates—some of the most competitive on the Canadian market—for its personal bank accounts and registered savings accounts.
Check out a list of current EQ Bank promotions on offer and compare it with other Canadian bank offerings below.
All EQ Bank promotions on offer now
EQ Bank Joint Account
Earn 2.75% for 12 months when you set up $2000/month or more in either direct deposit for your pay or recurring pre-authorized debits.
What is the EQ Bank promotion for its chequing account?
Earn 2.75% interest. To receive 2.75% interest, you'll need to have at least $2,000/month of your pay directly deposited into a Personal Account or Joint Account. Conditions apply. Otherwise, you'll earn 1.00% on your balance.How does the EQ Bank 2% match promotion work?
The EQ Bank 2% match offer is no longer available. It was offered to customers who made new deposits between November 1, 2024, and February 28, 2025. The promotion offered up to 2.75% interest on a registered EQ Bank account—a TFSA, FHSA or RSP—and then an additional 2% in interest bonus payments.
Does EQ Bank have a referral bonus?
Yes, if you sign up for a new EQ Bank account via a referral from an existing customer, you both earn a $20 referral bonus. But, to qualify for the EQ Bank referral bonus, you’ll have to deposit at least $100 into your new account within 30 days of opening it.
Once you’ve made that initial deposit, both you and the friend who referred you will receive $20 bonuses deposited into your EQ Bank accounts within five business days.
Keep in mind that you can only receive up to $500 in referral bonuses from EQ Bank, which means that, at a rate of $20 each, you’ll be rewarded for successfully referring up to 25 friends.
Is it worthwhile to switch to EQ Bank for a promotional offer?
Yes, it can definitely be worth switching to EQ Bank because of a promotional offer. Compared to any bank in Canada, EQ Bank consistently offers some of the highest interest rates—on both its chequing and savings accounts.
EQ Bank is also a very reputable bank. It’s Canada’s seventh largest bank by assets, and it services more than 488,000 customers. EQ Bank is a wholly owned subsidiary of EQB Inc., which trades on the Toronto Stock Exchange. The EQ Bank app has high user ratings of more than four out of five stars on both the Apple App Store and Google Play Store.
EQ Bank promotions vs. other Canadian bank offers on now
Although EQ Bank offers some of the best promotions in Canada, other banks and credit unions are offering competitive promotions now too. Compare these other bank promos with EQ Bank new account offers to see which is right for you:
BMO Performance Chequing Account
Finder exclusive: Get a $175 digital Visa gift card from Finder. Become a Finder Member and open a BMO Performance Chequing Account through Finder.
BMO Performance Chequing Account
Earn up to $900. Earn up to an $900 cash bonus with the BMO Performance Chequing Account. Plus, get a Walmart+ membership for up to 12 months. Valid until August 6, 2026.
BMO Premium Plan Chequing Account
Earn up to $900. Earn up to an $900 cash bonus with the BMO Premium Plan Chequing Account. Plus, get a Walmart+ membership for up to 12 months. Valid until August 6, 2026.
Scotiabank Preferred Package
Finder exclusive: Get a $100 digital Visa gift card from Finder. Become a Finder Member and open a Scotiabank Preferred Package through Finder.
Scotiabank Preferred Package
Earn up to $700 when you bundle a Preferred Package, savings account, and registered account. Valid until July 2, 2026.
Scotiabank Ultimate Package
Earn up to $700 when you bundle an Ultimate Package, savings account, and registered account. Valid until July 2, 2026.
Scotia High Interest Savings Account
Earn up to 5% for the first 3 months when you open your first Scotia High Interest Savings Account. T&Cs apply.
RBC Signature No Limit Banking Account
Open a RBC Signature No Limit Banking Account and get the new Apple iPad (value of $499). T&Cs apply. Valid until November 2, 2026.
RBC VIP Banking Account
Open a RBC VIP Banking Account and get the new Apple iPad (value of $499). T&Cs apply. Valid until November 2, 2026.
Simplii No Fee Chequing Account
Earn $300 and a $50 Skip gift card when you become a new client and set up a direct deposit of at least $100 for 3 months. Offer ends September 30, 2026.
Simplii High Interest Savings Account
Earn 4.60% interest for 5 months on up to $100,000 in savings. Terms Apply. Offer ends July 31, 2026.
Coast Capital Free Chequing, Free Debit, and More Account
Earn $150. New members can get $150 when they open and use a Coast Capital Free Chequing, Free Debit, and More Account. Offer ends July 6, 2026.
Coast Capital Elevate Chequing Account
Earn $450. New members can get $450 when they open and use a Coast Capital Elevate Chequing Account. Offer ends July 6, 2026.
Coast Capital Unlimited Chequing Account
Earn $450. New members can get $450 when they open and use a Coast Capital Unlimited Chequing Account. Offer ends July 6, 2026.
CIBC Smart Account
Get up to $850 when you open a CIBC Smart Account and complete qualifying actions.
Innovation Federal Credit Union No-Fee Chequing Account
Apply to win $2,500. Open a No-Fee Bank Account and you'll be entered to win. Valid until June 30, 2026.
TD Unlimited Chequing Account
Get up to $750 when you open a TD Unlimited Chequing Account. T&Cs apply. Offer ends October 1, 2026.
Tangerine No-Fee Daily Chequing Account
Earn up to $250. Earn up to $250 when you open a No-Fee Daily Chequing Account and move your pay. Valid until October 31, 2026.
Tangerine Savings Account
Open a Tangerine Savings Account to earn 4.50% for the first 5 months (on up to $1,000,000 in deposits) when you sign up by July 31, 2026. Thereafter, you'll earn 0.30%.
FAQs about EQ Bank new account offers
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EQ Bank Personal Account review
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