EQ Bank to available to Québec residents this fall | EQ Bank | Discussion forum

Please consider registering
guest

sp_LogInOut Log In sp_Registration Register

Register | Lost password?
Advanced Search

— Forum Scope —




— Match —





— Forum Options —





Minimum search word length is 3 characters - maximum search word length is 84 characters

sp_Feed Topic RSS sp_TopicIcon
EQ Bank to available to Québec residents this fall
September 4, 2022
7:57 am
Norman1
Member
Members
Forum Posts: 5464
Member Since:
April 6, 2013
sp_UserOfflineSmall Offline

In their Q2 update, Equitable Bank announced that its online-only EQ Bank will be available to Québec residents soon:

  • EQ Bank services are also coming to Québec this fall, an important step for EQB, which has proudly served Québec customers through the brokered deposit and brokered mortgage channels for many years and has participated in the local economy as an employer of talented Challengers in its Montréal office since 2010.
September 4, 2022
9:45 am
Dean
Valhalla Mountains, British Columbia
Member
Members
Forum Posts: 1262
Member Since:
January 12, 2019
sp_UserOfflineSmall Offline

.
That's an interesting & positive development for EQ Bank. Expansion into Quebec can only be seen as a 'Good Thing'

Now, if they could only get their SA & GIC Rates back Up again. sf-smile

    Dean

sf-cool " Live Long And Prosper " sf-cool

September 4, 2022
10:54 am
cgouimet
Member
Members
Forum Posts: 745
Member Since:
February 7, 2019
sp_UserOfflineSmall Offline

Dean said
.
That's an interesting & positive development for EQ Bank. Expansion into Quebec can only be seen as a 'Good Thing'

Now, if they could only get their SA & GIC Rates back Up again. sf-smile

    Dean

  

Joint GIC's would be good too ...

CGO
September 4, 2022
11:09 am
Vatox
Member
Members
Forum Posts: 1181
Member Since:
October 29, 2017
sp_UserOfflineSmall Offline

They will need to sweeten the offer if they want Quebecer’s to sign up. 1.65% is mighty lean!

September 4, 2022
1:31 pm
Dean
Valhalla Mountains, British Columbia
Member
Members
Forum Posts: 1262
Member Since:
January 12, 2019
sp_UserOfflineSmall Offline

.
Agreed , Vatox.

Some of the best HISA Rates are also available in Quebec:

. . . and the same goes for some of the better GIC Rates as well.

It would seem that EQ has some very serious work to do, to regain their lost status as one of the best HISA & GIC Rate payers in the country.

May 'The Force' be with them ❗ sf-wink

    Dean

sf-cool " Live Long And Prosper " sf-cool

September 4, 2022
6:07 pm
Loonie
Member
Members
Forum Posts: 8568
Member Since:
October 21, 2013
sp_UserOfflineSmall Offline

Funny how they can figure out now to function in Quebec but still can't figure out joint ownership for GICs.
EQ Bank is a dud in my view.

September 5, 2022
9:46 pm
Norman1
Member
Members
Forum Posts: 5464
Member Since:
April 6, 2013
sp_UserOfflineSmall Offline

I suspect EQ Bank was recently more interested in turning their Savings Plus account into a day-to-day account than offering joint GIC's:

  • This fall will see the introduction of the EQ Bank payment card, which will allow customers to make purchases wherever Mastercard are accepted. This payments experience will complement current offerings and the new functionality will allow Canadians to use EQ Bank for the majority of their day-to-day banking needs as a primary bank
September 5, 2022
10:59 pm
Loonie
Member
Members
Forum Posts: 8568
Member Since:
October 21, 2013
sp_UserOfflineSmall Offline

No doubt!
And I'm more interested in banking elsewhere.

1.65% may look good though if you can use the account for debit. T&C will tell the tale.

November 23, 2022
11:09 pm
Miked
Member
Members
Forum Posts: 6
Member Since:
September 21, 2022
sp_UserOfflineSmall Offline

Any news on this? Thought they were aiming to achieve this this quarter... having them as an option will help in bringing some competition to few avail others (oaken blc ... & (surprisingly) more recently tangerine

They seem to be busy with Concentra Bank integration

November 24, 2022
12:46 am
Miked
Member
Members
Forum Posts: 6
Member Since:
September 21, 2022
sp_UserOfflineSmall Offline

... found this in their recent Q3 where they weren't saying much:

"...
EQ Bank expanded its customer base by +23% y/y to over 290,000 and during October, further increased its customer base to over 295,000. EQ Bank will soon launch in Quebec, offering its Make Bank value proposition across all-digital deposit and savings products
..."

Please write your comments in the forum.