EQ Bank Personal Account
Earn 3.00% interest on your money with qualifying direct deposits of $2,000/month, and 1.50% 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 3% 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 3.00% interest. To receive 3.00% 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 1.50% 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 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 card from Finder Become a Finder member, then open a new BMO Performance Chequing Account through Finder as a first-time customer and keep it open until January 29, 2027. Offer ends November 30, 2026.
BMO Performance Chequing Account
Earn up to $1,100. Earn up to a $1,100 cash bonus with the BMO Performance Chequing Account. Plus, get a Walmart+ membership for up to 12 months. Valid until March 1, 2027.
BMO Premium Plan Chequing Account
Earn up to $1,100. Earn up to a $1,100 cash bonus with the BMO Premium Plan Chequing Account. Plus, get a Walmart+ membership for up to 12 months. Valid until March 1, 2027.
KOHO Core Plan
New KOHO Core users can get $40 when they sign up with promo code FINDER4026. T&Cs apply.
Scotiabank Preferred Package
Finder exclusive: Get $100 from Finder Become a Finder member, then open a new Scotiabank Preferred Package online through Finder as a first-time customer to get a $100 digital Visa card from Finder + earn up to $1,000 in welcome bonuses from Scotiabank. Keep the account open until January 15th, 2027. Offer ends November 30, 2026.
Scotiabank Preferred Package
Earn up to $1,000 when you bundle a Preferred Package, savings account, and credit card. Valid until March 4, 2027.
Scotiabank Ultimate Package
Earn up to $1,000 when you bundle an Ultimate Package, savings account, and credit card. Valid until March 4, 2027.
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 an RBC Signature No Limit Banking Account and get up to $600. T&Cs apply. Valid until March 1, 2027
RBC VIP Banking Account
Open an RBC VIP Banking Account and get up to $600. T&Cs apply. Valid until March 1, 2027
Simplii No Fee Chequing Account
Earn $350 when you become a new client and set up a direct deposit of at least $100 for 4 straight months. Offer ends January 31, 2027.
Simplii High Interest Savings Account
Earn 5.00% interest for 5 months on up to $100,000 in savings. Terms apply. Offer ends January 31, 2027.
Coast Capital Free Chequing, Free Debit, and More Account
Earn up to $350. Earn up to a $350 cash bonus with the Coast Capital Free Chequing, Free Debit, and More Account.
Coast Capital Elevate Chequing Account
Earn up to $600. Earn up to a $600 cash bonus with the Coast Capital Elevate Chequing Account
Coast Capital Unlimited Chequing Account
Earn up to a $600 cash bonus when you open and use a Coast Capital Unlimited Chequing Account. Offer expires November 30, 2026.
CIBC Smart Account
Earn up to $850 when you open a CIBC Smart Account with an eligible credit card and complete two qualifying tasks.
TD Growth Savings Account
Earn a 4% bonus interest rate for 90 days when you open a new TD Growth Savings Account and make a new deposit. Valid until January 29, 2027.
TD Unlimited Chequing Account
Get up to $850 when you open a TD Unlimited Chequing Account. T&Cs apply. Offer ends March 3, 2027
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 April 30, 2027.
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 November 30, 2026. Thereafter, you'll earn 0.30%.
FAQs about EQ Bank new account offers
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More resources on Finder
More guides on Finder
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EQ Bank savings account: Rates and account options
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Earn interest on your savings, avoid ATM and foreign transaction fees and get cashback on every purchase.
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EQ Bank Joint Account review
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EQ Bank Personal Account review
Learn how the EQ Bank Personal Account works, including how you can earn interest while getting all the no-fee banking perks of a chequing account.