Canada, Online, Ontario, Toronto
Equitable Bank provides a range of residential lending, commercial lending, savings with high-interest savings products and GICs. Join now to get 10x the interest in comparison to traditional banks.
Founded in the 1970s, Equitable Bank has seen massive changes in financial services as consumers are becoming more inclined towards digital platforms rather than visiting a brick and mortar. Therefore, they launched their online-based subsidiary – EQ Bank which has a more convenient approach to banking. One of the benefits you can access from Equitable Bank is its high-interest rates on everyday banking which provides 10x higher interest compared to many traditional banks.
The second benefit you can access from Equitable Bank is free-low fees for everyday transactions which include withdrawals, fund transfers and Interac e-transfers through email. Although there is a little fee included with international money transfers, opening an account with them doesn’t have any cost.
The third benefit you can access from Equitable Bank is their variety of saving options such as individual savings accounts, a joint savings account, tax-free and tax-deferred savings accounts. On top of this, they also provide low-risk guaranteed investments certificates which are paid at maturity or annually.
The fourth benefit you can access from Equitable Bank is its lending and deposit services. Their lending services include Single Family Residential and Commercial which have all available solutions no matter your location. This service includes helping you purchase your first-ever home and assisting with mortgage refinancing and renewals.
Their deposit services include short-term and long-term GICs and one-year Cashable GICs which can give you an interest rate over your term which varies from 3 months to 10 years. In addition to this their, High-Interest Savings Account offers competitive rates with no fees as well as added security and flexibility.
Canada, Online, Ontario, Toronto
Equitable Bank provides a range of residential lending, commercial lending, savings with high-interest savings products and GICs. They launched their online-based subsidiary – EQ Bank which has a more convenient approach to banking.
There are many reasons why you should use Equitable Bank. Some examples include:
As previously mentioned, EQ bank does not have a cost on your everyday banking. The only type of transaction that includes a fee is using an international money transfer.
Joining Equitable Bank is simple and easy as you can set your account up in just 5 minutes. All you need to do is get your personal information ready and go on their website and click the ‘sign-up’ button.
Equitable Bank prioritises the privacy of any personal information which is why they have available organisation and technological safeguards in place. Additionally, they audit their security measures regularly to ensure that safety is maintained.
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The interest rates, free e-Transfers, joint bank accounts, and customer service are excellent at EQ Bank. I highly recommend this bank to anyone that is looking to get a chequing and/or savings account.
I have been using EQ Banking for 19 years now. I really enjoyed the professionalism that I received from talking with the bank teller at customer care. They really seem to be knowledgeable of the banking service’s in general.
Thank you for your valuable input!