EQ Bank Card

Finally, a bank with a card that makes bank.

Free withdrawals from any ATM in Canada
Cash back^* on every purchase
No FX fees¹, monthly fees, or other hidden fees

Enjoy a reloadable card² that gives you the same high interest of your Personal Account on your card balance, right up until the moment you spend it—and gives you cash back^* when you do. Oh, and it doesn’t take all those fees you’ve been forced to live with (justice, at last).

Free withdrawals from any ATM in Canada

We don’t charge you any of the annoying fees you’re used to at other banks, but we can’t stop them from charging you at their ATMs. What we can do, though, is pay you back when they do. Banks and other ATM service providers charge you, EQ Bank refunds you within 10 business days.

No FX fees¹, monthly fees, or other hidden fees

We know you’re here to make, so we don’t take any fees when you’re making a purchase online, in-store, or paying a bill like for your phone or internet. That means no credit card surcharges, ATM fees, transaction fees, foreign transaction fees¹, monthly fees, or inactivity fees. Other banks or service providers might charge you on their end, but we won’t.

Get 0.5% cash back^* on what you spend

Your EQ Bank Card gives you 0.5% cash back^* on everything you spend—whether it’s groceries, retail therapy, a restaurant bill, or anything else. Sounds a lot better than most debit cards that don’t make anything, right?

This card works here, there, and everywhere

The new EQ Bank Card works just like any other card you use to spend what you want, where you want, and when you want. Anywhere in the world where Mastercard^® is accepted—that’s more than 210 countries, by the way—with no foreign transaction fees¹. Plus, you can add it to your mobile wallet for contactless spending (and earning) from anywhere.

How it works

Half of phone showing screen with text about connecting to your institution

Open and fund a Personal Account

Sign up to EQ Bank in a matter of minutes to open a Personal Account. From there, fund your account and order a free card in a few quick taps.

Half of phone with screen EQ Bank showing amount to send a quick transfer

Add money to your card

Once you receive and activate your card—it’s easy—load it up in seconds by moving money from your Personal Account or Joint Account, and get ready to spend smarter!

Spend and get cash back^*

Enjoy spending that gives you 0.5% cash back^* on every purchase (and free withdrawals from any ATM in Canada).

Half of phone with screen EQ Bank showing available balance amount

Earn on every dollar

Cash back^* on every purchase and the same high interest as your Personal Account on your loaded balance until you spend it? That’s next-level earnings.

Are you ready for a card that earns more without hidden fees? Open a Personal Account in minutes to get started.

Get your free card

Need more info about the Personal Account? Learn more about our Personal Account

Get the answers

Is the EQ Bank Card a debit card?

How does an EQ Bank Card compare to a debit card?

The EQ Bank Card has quite a few advantages compared to many debit cards:

You don’t have to maintain a minimum balance to avoid paying fees, which means you’re in charge of when you use your money.
You earn high interest on your card balance (just like in your EQ Bank Personal Account). That’s not something you can say about most debit cards and chequing accounts.
You earn cash back^* on all of your purchases, which is definitely a step up compared to debit cards.
Free withdrawals from any ATM in Canada (we reimburse any fees).

How does an EQ Bank Card compare to a credit card?

Will I be charged fees for using the EQ Bank Card?

Do you charge any fees for Canadian ATM withdrawals?

Have more questions? Visit our full FAQ.

Ask questions

Ask our friendly Chatbot anything or connect with a Customer Care Specialist.

Footnotes

Footnote *: Cash back will be paid monthly. See the EQ Bank Card Agreement for details on earning cash back and other terms and conditions that apply to the EQ Bank Card.

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Footnote 1: Foreign currency transactions will be subject to the Mastercard Currency Conversion rate. EQ Bank does not charge any additional FX fee or markup.

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Footnote 2: The EQ Bank Card is a prepaid reloadable Mastercard^® issued by Equitable Bank pursuant to a licence from Mastercard International Incorporated.

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Footnote †: Equitable Bank is a member of CDIC. EQ Bank is a trade name of Equitable Bank. Deposits made under EQ Bank and Equitable Bank are aggregately eligible for CDIC protection up to $100,000, per insured category, per depositor.

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Footnote ®/™: Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.

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Footnote: EQ Bank does not offer the following products in the province of Quebec: US Dollar Account, International Money Transfers, RSP Savings Accounts, RSP GICs, FHSA Savings Account, and FHSA GICs. Additionally, the EQ to EQ transfers feature is not available in Quebec.

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