Maybe some action soon? | Page 2 | EQ Bank | Discussion forum

I don't recall receiving a survey, but I did just receive an email that my 90day 2.45% GIC has matured. I do like the fact that they notify you this way about the maturity--and they sent a reminder email a week or two ago about it. Now the funds are in their 2% savings account. When they first opened, I put a lot of money into EQ but then the rates fell. I seem to remember that the process of opening accounts was extremely onerous--but maybe I'm mixing them up with the now defunct ZAG bank. Right now, their high interest savings rate is more enticing than most banks. When my promo runs out at Simplii in July, I may have to move money back to EQ.

When I opened my EQ Bank account a few years ago, it was very simple via 2 micro-deposits.

I believe a number of FIs use this methodology. Anyone who doesn't (or something even simpler) is in the Cretaceous age.

dentgal said
I thought that their savings account rate is 2%?  

It is. The reference is to Tangerine.

App updated tonight. They now have joint savings accounts.

Now we need TFSA please.

Thanks for the update. Glad to see they finally did it. I just went through the process to add my spouse and it was easy to do. Looking at my account now it now shows account co-holders, but her name is in a "pending" status.

My wife's co-holder status is now active. She had an email from EQ inviting her to sign on. The process is not complete until the new co-holder signs on using her email address.

Everything looks good. I had a zero account balance waiting for this, so now I can move some cash over to EQ.

Thanks Shawguy for letting us know! Feels like this has been a marathon that is finally over.

Adding my wife looks easy so far, after finding the well hidden sub menu to do so, after logging in. She is showing as Pending, as the process was previously described.

We have successfully opened the joint account. Both of us were already clients and were available to sign in, so it is not pending; up and running.

Peter said
I just set up an EQ Bank joint account within a few minutes. It was about as straightforward as I remember it being with Tangerine. I documented the process with screenshots (after editing all the personal information in my browser) in case it's useful for someone who wants to see it before actually doing it.  

I do not see in these screenshots where bank asks for co-signer Social Insurance Number.
As I plan to have co-signer pay taxes on interest, that is of interest to me.