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The best EQ Bank chequing accounts in Canada for 2025

Get the most out of your chequing account - whether you're looking to save on fees, earn rewards or access more perks.

Compare the best EQ Bank chequing accounts

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Unlike most other banks, EQ Bank offers a personal bank account that combines the features of both chequing accounts and savings accounts – often labelled as a hybrid account. This means that you can use the EQ Bank Personal Account for everyday transactions like bill payments, ATM withdrawals, and debit card purchases, while still earning interest on your balance. 

The EQ Bank Personal Account comes with the EQ Bank Card, a prepaid Mastercard with some unique perks: free withdrawals from any ATM in Canada, no foreign exchange fees when spending abroad, and cash back on your spending. 

Who can sign up for an EQ Bank chequing account?

To open an EQ Bank account, you must be a Canadian resident and have reached the age of majority in your province or territory (18 or 19 years old, depending on where you live). You’ll also need to have a Social Insurance Number (SIN) and phone number to sign up online.

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