EQ Bank | Equitable Bank risk score

EQ Bank, established in 2016, has rapidly grown to become a prominent player in the Canadian banking sector, emphasizing innovation and customer value. With over $7 billion in deposits and serving more than 290,000 customers, EQ Bank has redefined traditional banking by eliminating unnecessary fees and enhancing customer earnings through its high-interest Savings Plus Account. This account uniquely combines the benefits of both savings and chequing accounts, offering significant flexibility without monthly fees.

Further broadening its financial product suite, EQ Bank provides Guaranteed Investment Certificates (GICs), Registered Retirement Savings Plans (RSPs), and Tax-Free Savings Accounts (TFSAs), all insured by the Canada Deposit Insurance Corporation (CDIC) to ensure customer security and trust. Operating under the trade name of Equitable Bank, which is a member of CDIC, EQ Bank ensures a safe and reliable banking environment for its clients.

EQ Bank's commitment to delivering exceptional value and service has been recognized on a global scale, with consecutive accolades from Forbes as the top bank in Canada in both 2021 and 2022. This recognition underscores its position as a leader in the financial industry, committed to innovation and customer satisfaction.

As a subsidiary of EQB Inc., formerly known as Equitable Group Inc., EQ Bank benefits from the robust backing of its parent company, which trades on the Toronto Stock Exchange under the symbols EQB and EQB.PR.C. EQB Inc. serves over 480,000 Canadians and supports more than 200 Canadian credit unions, which collectively assist nearly 5 million members. With over $100 billion in assets under management and administration, Equitable Bank stands as Canada's 7th largest independent Schedule I bank, driven by a mission to introduce meaningful changes in Canadian banking to enrich the lives of its customers.

For those interested in a banking experience that prioritizes making the most out of your financial resources, EQ Bank offers a refreshing, innovative approach. Visit their website to learn more about how EQ Bank can help you 'make' rather than just 'take'.