Additional promotion
Earn a total of 2.75% interest when you direct deposit at least $2,000/month. Includes 0.5% cash back on card purchases.
Chequing Account
CAD
CDIC Insured
EQ Bank
EQ Bank Personal Account
A hybrid account that acts like chequing and earns like savings. No everyday banking fees, free ATM withdrawals Canada-wide, and high interest on every dollar.
Rate up to
1%
Monthly fee
No monthly fee
Transactions
Unlimited
Minimum deposit
$0
CURRENT OFFERS
Promotions and account value
EARNINGS
Rates and interest details
Promotional rate
1%
Promotional
- Compounding
- Monthly
- Calculation
- Daily Closing Balance
Total rate of 2.75% available with $2,000/month in qualifying direct deposits.
COSTS
Fees and account limits
Monthly feeNo monthly fee
Fee-waiver balanceNot listed
Minimum deposit$0
Maximum depositNot listed
Included transactionsUnlimited
Bundled productNo
Detailed fee schedule
| Fee | Amount | Frequency or allowance | Additional use |
|---|---|---|---|
| International Money Transfer Fee0% FX markup on foreign currency transactions (standard Mastercard rate applies). | - | Per Use | - |
| Interac e-Transfer FeeInterac e-Transfers are free. | - | Per Use | - |
| Out-of-Network ATM FeeFree withdrawals at any ATM in Canada; out-of-network surcharges are reimbursed within 10 business days. | - | Per Use | - |
ACCOUNT EXPERIENCE
Features and benefits
No Monthly Fees
Zero monthly banking fees.
Free Interac e-Transfers
Free Interac e-Transfers.
Unlimited Transactions
Unlimited transactions.
Online and Mobile Banking
Nationwide ATM fee reimbursement in Canada.
CDIC Insured
Eligible for CDIC protection.
WHO CAN APPLY
Eligibility and access
Minimum ageNot specified
AvailabilityAvailable nationally
Mobile appYes
Online bankingYes
Branch accessNot specified
CDIC Insured: Eligible for CDIC protection.
COVERAGE
Registration, networks and availability
Registration options
- NONREGNon-Registered
IMPORTANT INFORMATION
Terms and disclosures
Rates, fees, eligibility requirements and promotional terms can change. Confirm all current details directly with EQ Bank before opening the account.