(Updated Mar 2026)
EQ Bank Referral Code - Get $20
Open your new high interest, no-fee banking account
Deposit $100 CAD → Get $20
$0 fees
On everyday banking
2.75%
Highest interest rate
CDIC Coverage
Protected by
Follow These Steps to Earn Your $20 Bonus:
Sign Up on EQ Bank's website
Open a new personal account using the link above.Verify Your Account
Complete EQ Bank's identity verification process — it usually only takes a few minutes.Fund Your Account
Deposit at least $100 within 30 days of signing up.
🎉 That's it - you’ll get your $20 CAD bonus in a few days!
EQ Bank: Is it the Right Canadian Bank for You?
Looking for a bank that actually helps your savings grow without charging annoying monthly fees? EQ Bank might be exactly what you’re looking for. Operated by Equitable Bank, it’s fully regulated and deposits are protected by the Canada Deposit Insurance Corporation (CDIC), giving you peace of mind while your money earns interest.
What makes it stand out?
High-interest savings accounts with no monthly fees
Free everyday banking features like bill payments and Interac e-Transfers
Competitive GIC rates to grow your savings faster
Easy-to-use mobile and web banking platforms
Of course, nothing’s perfect — EQ Bank doesn’t have physical branches and cash deposits or withdrawals can require extra steps compared with traditional banks.
Final verdict?
If you’re a Canadian looking for a simple, no-fee digital bank that offers strong interest rates on your savings, EQ Bank is the place to be.
Disclaimer: This website is for informational purposes only. We are not affiliated, associated, authorized, endorsed by, or in any way officially connected with EQ Bank or any of its subsidiaries or affiliates.