EQ Bank

Banks
Hours: EQ Bank, launched in 2016, has quickly become a top choice for Canadian banking customers. With over $7 billion in deposits and more than 290,000 customers, EQ Bank offers a feature-rich Savings Plus Account that provides high interest rates and the flexibility of a chequing account, all without monthly fees. Recognized as the top Bank in Canada on the Forbes World's Best Banks 2022 and 2021 lists, EQ Bank is powered by Equitable Bank, a member of CDIC, ensuring deposit protection. The bank's online-only model and efficient digital processes have earned praise, with customers highlighting the easy account opening and secure verification. While the bank's technical systems have faced some temporary challenges, leading to occasional access issues, customers commend the patience and responsiveness of the customer service team in addressing these concerns. The bank's product lineup, including GICs, RSPs, and TFSAs, has also been well-received, with the EQCard offering competitive perks. Overall, EQ Bank has established itself as a reliable and innovative digital banking provider, offering a seamless customer experience and competitive rates, making it a popular choice for Canadians seeking a hassle-free banking solution.

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1. Toronto, Ontario