Features, Benefits and How it Works
EQ Bank is a Canadian digital bank that focuses on providing straightforward and user-friendly banking services designed to meet the needs of modern consumers.
As a branchless bank, EQ Bank operates entirely online, eliminating the overhead costs associated with traditional banking. This enables the bank to offer competitive interest rates on its savings accounts, as well as a range of other financial products, all accessible through its intuitive mobile app and website.
Moreover, one of the standout features of EQ Bank is its high-interest savings account, which offers one of the best rates in the market, allowing customers to grow their savings effectively. The bank also offers additional financial products, such as GICs (Guaranteed Investment Certificates) and international money transfers, making it a comprehensive solution for managing personal finances.
Likewise, EQ Bank prioritizes customer security and data protection, employing robust encryption and multi-factor authentication to safeguard user accounts and transactions. The digital banking experience is designed to be seamless, with features that allow users to open accounts quickly and easily, manage funds, and access their banking services.
Overall, by focusing on customer experience, competitive rates, and transparent banking practices, EQ Bank is redefining the traditional banking landscape in Canada. Its commitment to innovation and customer satisfaction positions it as a valuable alternative for individuals seeking efficient, modern banking solutions.
Go to EQ Bank
Founded: 2016
Headquarters: Toronto, Ontario, Canada
Users: +600,000 users
Countries available: Canada
Account plans: checking and savings accounts for personal users and businesses
