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EQ Bank referral codes for September 2023

EQ Bank Savings Plus Account

Enjoy zero everyday banking fees, free transactions and no minimum balance.


Lock in a competitive 5.6% interest rate on a 1 year GIC. To fund your high interest GIC, you'll need to open an EQ Bank Savings Plus Account first.

EQ Bank Savings Plus Account

Open an account for free today.

About EQ Bank

EQ Bank is the online bank and a subsidiary of Equitable Bank, a Canadian financial institution that specializes in providing residential mortgages and home loan products. As a digital bank, EQ Bank focus solely on personal banking and specializes in offering higher interest rates on savings. Clients of EQ Bank can open a high-interest savings accounts, a joint account, a Tax-Free Savings Account (TFSA) as well as a Registered Retirement Savings Plan (RRSP) savings account. EQ Bank also offers a US dollar account, as well as GICs and international money transfers. As a well-known digital bank, EQ Bank is known for offering clients higher-than-typical interest rates while charging no fees on their banking products.

Pros and cons of EQ Bank


  • Competitive interest rate on savings
  • Free transactions
  • No minimum balance required
  • Competitive GIC rates
  • Bank card available to link to your EQ Plus Savings Account
  • Convenient and easy-to-use mobile app
  • No fees for registered accounts, including TFSA and RRSP
  • No foreign transaction fees when using EQ Bank’s prepaid card


  • Some services not available in Quebec
  • Maximum deposit of $200,000 into the EQ Bank savings account
  • No physical bank branches (100% digital bank)
  • Limited products available (Eg: no chequing account and no credit cards)

EQ Bank referral code frequently asked questions

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