Where is EQ Bank located?

EQ Bank is headquartered in Toronto, Canada.

How many employees does EQ Bank have?

As of Mar 01, 2026, the latest employee count at EQ Bank is 1000 - 4999.

Where does EQ Bank rank among its competitors?

EQ Bank ranks 2nd amongst 8 active competitors, none of which are funded.

Who are the top competitors of EQ Bank?

EQ Bank's top competitors include Tangerine, UBank and Motive Financial.

EQ Bank - 2026 Company Profile & Competitors

EQ Bank is a public company based in Toronto (Canada), founded in 2016. It operates as a Digital bank. The company has 8 active competitors, including 3 that have exited. Its top competitors include companies like Tangerine, UBank and Motive Financial.

Company Details

EQ Bank is a digital bank. Users can open an online savings account or GIC. They receive a 2.40% interest per annum. The minimum deposit amount is $100.

Website: www.eqbank.ca/
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Email ID: *****@eqbank.ca
Part Of

Key Metrics

Founded Year

2016

Location

Toronto, Canada

Stage

Public

Ranked

2^nd among 8 active competitors

Employee Count

1,000 - 4,999 as on Mar 01, 2026

Investment & Acquisitions

PC Financial & 1 more

Similar Companies

Alpian & 110 more

Exit Details

Public

View EQ Bank's full profile

EQ Bank got listed on Aug 11, 2014.

Click here to take a look at EQ Bank's IPO in detail

EQ Bank has not raised any funding rounds yet.

EQ Bank's employee count trend

EQ Bank has 1,000 - 4,999 employees as of Mar 26. Here is EQ Bank's employee count trend over the years:

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Top competitors of EQ Bank include Tangerine, UBank and Motive Financial. Here is the list of Top 10 competitors of EQ Bank, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Tangerine 1997, Toronto (Canada), Acquired	A direct bank that provides banking services through cafes	-	Devonport Ventures	59/100
2nd	EQ Bank 2016, Toronto (Canada), Public	Digital bank	-	-	58/100
3rd	UBank 2008, North Sydney (Canada), Funding Raised	Digital front-end of National Australian Bank.	-	Startupbootcamp	54/100
4th	Motive Financial 1984, Edmonton (Canada), Unfunded	Digital bank offering of Canadian Western Bank	-	-	36/100
5th	Wyth 2019, Saskatoon (Canada), Acquired	Alternative savings platform for individuals	-	-	33/100
6th	Motus Bank 2018, Toronto (Canada), Unfunded	Digital bank for consumers	-	-	29/100
7th	Tdinternetbanking Toronto (Canada), Unfunded	Online banking platform	-	-	16/100
8th	Reinv Growth 2024, Charlottetown (Canada), Unfunded	Platform offering online banking solutions	-	-	16/100