VERDICT
Everyday banking without the fees - eqbank.ca
Depends. EQ Bank is a fit for fee-averse Canadians who want high-interest savings, GICs, and a no-fee card online. Skip it if you need branch service, frequent cheque deposits, or reliable support hand-holding.
Medium. Based on 14 public sources; many snippets truncated, so no aggregate review rating was available.
$0/month
Personal Account
medium
Reddit users report cheque holds and stopped cheques; risky if you deposit cheques regularly.
medium
Customer-service complaints recur across Reddit and Trustpilot; support quality looks inconsistent.
low
PC Financial accounts are joining EQ Bank; migration may cause disruption.
low
Online-only model means no branch service when problems escalate.
Value for money: 5/5
Rating
$0/month
Starting price
14
Sources
Analyzed
$0/month
$0
Free everyday banking
No known vulnerabilities found in the sources reviewed.
Reddit sentiment is mixed: users like the no-fee model and rates but frequently complain about customer service and cheque holds.
“I am disgusted with EQ Bank's "customer service."”
“I HATE EQ Bank lol”
“Switching from EQBank to Wealthsimple...your experience?”
Compare EQ Bank with each alternative.
No-fee Canadian rival; some EQ Bank users switch to it.
Established Canadian online bank; frequent EQ Bank comparison.
Better for multi-currency travel spending; users compare its card to EQ's.
Based on 14 public sources; many snippets truncated, so no aggregate review rating was available.
No-fee Canadian digital bank, 4M+ customers, solid rates — great for savings; support complaints and cheque-hold reports are the catch.
Based on 14 public sources; many snippets truncated, so no aggregate review rating was available.
Anonymous. You can change your vote.
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