⭐ Editor's Choice — Top Rated Pick
EQ Bank (Personal & Notice Savings)
📍 Available in: Canada
★★★★★ 4.8 / 5.0
EQ Bank is the digital division of Equitable Bank, Canada’s seventh-largest Schedule-1 bank. Their Personal Account operates as a hybrid checking/savings account, paying high interest on every dollar with zero everyday banking fees, free Interac e-Transfers, and full reimbursement on out-of-network ATM fees at any ATM in Canada.
Key Facts at a Glance
| Cost / Fee Structure | $0 Monthly Fees |
| Credit / Eligibility | N/A (No Credit Check Required) |
Pros & Cons
✓ Pros
- ✓Reimburses all ATM fees nationwide, eliminating out-of-network cash fees
- ✓Schedule-1 Canadian Bank safety with CDIC deposit insurance
- ✓Zero monthly maintenance fees or minimum balance requirements
- ✓Offers high-yield Notice Savings accounts (e.g. 10-day and 30-day notice)
✕ Cons
- ✕Does not offer personal paper checks or physical branch teller service
- ✕Does not offer a traditional credit card
Key Features
High Everyday Interest on Checking & Savings BalancesFree Cash Withdrawals at ANY ATM in Canada (Reimbursed within 10 days)Free Unlimited Interac e-Transfers & Bill PaymentsCompetitive GICs (Guaranteed Investment Certificates)Direct integration with Wise for low-cost international transfers
Compare EQ Bank (Personal & Notice Savings) Side-by-Side
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