Who is eligible for the referral bonus?

The referral bonus is only for new clients who have never had an EQ Bank Personal Account and who use a valid referral link to open and fund their account.

When will I receive my referral bonus?

The $20 referral bonus is credited to your EQ Bank Personal Account within five business days after meeting the $100 deposit within 30 days requirement.

Can I use multiple referral links?

You must use one valid referral link when you sign up. Only one referral bonus is paid per qualified referral.

Are there any monthly fees with EQ Bank?

No, the EQ Bank Personal Account has no monthly fees, no minimum balance requirements, and offers unlimited free transactions including Interac e-Transfers and bill payments.

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Finance

Banking

EQ Bank Referral Bonus – Get $20 Cash Bonus

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$20 Cash Bonus

Get This Deal

About This Deal

Get $20 when you sign up for EQ Bank through a referral link and fund your new Personal Account with at least $100 within 30 days of account activation.

new-usercanada-only

EQ Bank is a Canadian digital-only bank operated by Equitable Bank, offering no-fee, interest-earning everyday banking through a fully online platform. With products including Personal Accounts, savings, GICs, and registered accounts, EQ Bank focuses on simple, high-value banking. New customers who sign up through a referral link and deposit at least $100 within 30 days can earn a $20 cash bonus.

How to Get This Deal

1
Click the referral link
Click the 'Get this deal' button above to start your application through the referral link. The referral bonus is automatically applied.
2
Open your EQ Bank Personal Account
Complete the online application to open a new Personal Account. You must not have had a prior EQ Bank Personal Account.
3
Fund your account with at least $100
Deposit a minimum of $100 into your new Personal Account within 30 calendar days of activation.
4
Receive your $20 bonus
Your $20 bonus will be credited to your EQ Bank account within five business days after qualifying.

Requirements

Must be a new EQ Bank customer with no prior Personal Account
Must sign up using a valid referral link
Must deposit at least $100 within 30 calendar days of account activation
Referrals that sign up via a link to join a joint account are not eligible for the bonus

Frequenty Asked Questions

Sign up using a valid EQ Bank referral link, open a new Personal Account, and deposit at least $100 within 30 days of activation. You’ll receive your $20 bonus within five business days of qualifying.

Terms & Conditions

The referral bonus is governed by EQ Bank’s official Referral Program Terms and Conditions. The $20 bonus is credited within five business days after depositing at least $100 within 30 days of account activation. EQ Bank may modify or terminate the program at any time.

About EQ Bank

EQ Bank is a Canadian digital-only bank launched in 2016 by Equitable Bank (Canada’s Challenger Bank™). EQ Bank offers everyday banking and savings solutions including interest-earning Personal Accounts, Notice Savings Accounts, GICs, and registered accounts such as TFSA, RRSP, and FHSA. It also provides a prepaid EQ Bank Card with no monthly fees, no minimum balance requirements, and competitive interest rates.

Key Features

No monthly fees on everyday banking accounts
No minimum balance required
Interest-earning Personal Account used for both daily spending and saving
Bonus interest available with qualifying direct deposits (rates subject to change)
CDIC deposit insurance up to $100,000 per eligible category per depositor
Free unlimited Interac e-Transfers® and bill payments
EQ Bank Card (prepaid Mastercard®) with no FX fees and free ATM withdrawals across Canada
Fully digital banking experience via mobile app and online platform
Named Canada’s #1 Bank by Forbes for three consecutive years (2021–2023)

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