Account (CA)
How to apply for the EQ Bank Savings Plus account?
Whether you are searching for a high-interest rate on savings or a no-fee account, EQ delivers it all. Learn how to apply for an EQ Bank Savings Plus account!
EQ Bank Savings Plus account application: zero fees, free transactions and transfers, and more
EQ Bank is changing the way Canadians bank. It is a digital bank, with no fees, full of free transactions and transfers. The best thing is that it features the EQ Bank Savings Plus account that also works as a chequing account. So you can get it all under the same roof.
Plus, it offers way more than the national average interest rate. All its customers earn 1.25% interest, up to 125 more than other banks.
Although it doesn’t have physical branches or ATMs, it provides you with excellent online and mobile platforms, good support, an outstanding Education Center, and more.
Furthermore, it doesn’t require a minimum balance, and it is CDIC insured.
Apply online
Access the EQ Bank website and click on Personal Banking. Then choose Savings Plus Account.
After that, click on Join Now. You must be a Canadian resident, meet your province’s age of majority, and have your Social Insurance Number handy.
Finally, fill in the forms and submit them.
The process is easy and fast. And you can count on an online chat to clarify your possible doubts.
You will be redirected to another website
By submitting this form, I agree that I am 18+ years old and I agree to the Privacy Policy and Terms and Conditions. I also provide my signature giving express consent to receive marketing communications via automated emails, SMS or MMS text messages and other forms of communication regarding financial products such as credit card and loans. Message frequency varies and represents our good faith effort to reach you regarding your inquiry. Message and data rates may apply. Text HELP for help or text STOP to cancel. I understand that my consent to receive communications is not a condition of purchase and I may revoke my consent at any time.
Apply using the app
Download the EQ mobile app on Google Play or Apple Store. Then, follow the step-by-step. It is easy and fast to get your application done.
EQ Bank Savings Plus account vs. BMO Performance Chequing Account
Both EQ and BMO banks are great if you think of convenience. BMO Performance Chequing Account is one of the most popular accounts in Canada.
On the other hand, the EQ Bank account features one of the highest interest rates in the country.
So, before applying for one of them, you need to address your needs and goals.
EQ Bank Savings Plus account | BMO Performance Chequing Account | |
Intro Balance Transfer APR | See terms & conditions | See terms & conditions |
Regular Balance Transfer APR | See terms & conditions | See terms & conditions |
Balance Transfer Fee | See terms & conditions | See terms & conditions |
How to get a BMO Performance Chequing account?
Enjoy the benefits when opening a BMO Performance Chequing account! Check out how to apply for it!
About the author / Aline Augusto
Reviewed by / Aline Barbosa
Senior Editor
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