EQ Bank* is at the vanguard of digital banking in a new and exciting way. As a bank that operates exclusively online, EQ Bank offers a small yet impressive line of personal finance products, which includes a hybrid savings account, two registered savings account options, GICs, an international money transfer service, powered by TransferWise, and mortgage borrowing options.
EQ Bank
- Account Options Savings Accounts, Chequing Accounts
- Countries Served Canada Only
- Branches in Canada Online only
Pros
- High interest rate savings account
- Well-priced overseas money transfers
- GICs
- The ability to link your account to another âBig Fiveâ bank account
Cons
- EQ Bank does not offer a physical debit card or any ATM access
- Customer service wait times may be longer than average due to a relatively small staff