Are you tired of your current bank account? Between surprise fees, meagre interest rates, and limits on how you access your own money, traditional banking can be a hassle. If you’re ready to find a bank account that truly works for you, it’s time to switch to EQ Bank’s Personal Account.
What Can EQ Bank Do for You?
Think of EQ Bank’s Personal Account as a high-performance hybrid—it combines the easy everyday functions of a chequing account with the remarkable earning power of a savings account.
Here’s how it breaks down:
- Sky-High Interest on Every Dollar: Enjoy a powerful 4.00% interest rate! That’s 2.50% base interest plus a 1.50% bonus when you set up direct deposit of your pay. Your money earns significant interest from the second it’s deposited.
- Zero Monthly Fees, Unlimited Transactions: Pay no monthly fees and send unlimited Interac e-Transfers®, make unlimited bill payments, and use Electronic Funds Transfers—all completely free.
- No Minimum Balance Restrictions: EQ Bank doesn’t play games. Keep exactly as much (or as little) as you want in your account with no penalties.
- Free ATM Access Nationwide: No matter where you roam in Canada, use your EQ Bank Card to withdraw cash from any ATM, and have any usage fees automatically reimbursed.
It Sounds Too Good to Be True. What’s the Catch?
There isn’t one! EQ Bank is an online-only bank, a model which eliminates costly expenses like maintaining physical branches. These savings get passed on to you in the form of higher interest rates and an unparalleled lack of fees.
Security Meets Savings
It’s natural to question safety with online banks, but rest assured – EQ Bank goes above and beyond:
- CDIC Insured: Deposits are eligible for protection by the Canada Deposit Insurance Corporation.
- Cutting-Edge Security: Advanced multi-layered security features and proactive fraud monitoring safeguard your account.
- Secure Linking: Safely link your EQ Bank account to other financial institutions