EQ Bank gives new Canadian customers a $20 account bonus after EQ Bank customers open a first EQ Bank Personal Account and complete the qualifying EQ Bank opening deposit within 30 days.
$20 Account bonus
Offer details
Bonus
Get a $20 bonus after opening an EQ Bank account and making a qualifying deposit.
Minimum requirement
Make the qualifying deposit required by EQ Bank; confirm the amount with the bank.
Eligibility
For Canadian residents who have reached the age of majority. A SIN and photo ID may be required.
Payout timing
Confirm bonus timing with EQ Bank.
Offer Specifications & Fine Print
EQ Bank offer specifications, as stated in the current ReferPerk record. Confirm current terms with EQ Bank before joining.
Specification
Details
Bonus Value
Get a $20 bonus after opening an EQ Bank account and making a qualifying deposit.
Minimum Deposit / Spend
The qualifying deposit amount is not stated in the current EQ Bank record; confirm the exact qualifying deposit amount with EQ Bank before applying.
Newcomer / Student Eligibility
Not stated as a newcomer-specific EQ Bank offer; EQ Bank requires Canadian residence and age of majority, plus a SIN and photo ID. Confirm newcomer eligibility with EQ Bank before applying.
Promo Stacking Policy
Stacking is not stated in the current EQ Bank record; confirm with EQ Bank before combining the EQ Bank bonus with another welcome promotion.
Both-Party Qualification Rules
Referee: open a first EQ Bank Personal Account, verify identity for EQ Bank, and complete the qualifying EQ Bank opening deposit within 30 days. Referrer: no separate referrer action is stated in the current EQ Bank record; confirm referrer requirements with EQ Bank.
Offer details: Details are user-submitted. Rewards, eligibility, and conditions are set by the merchant and may change.
A SIN and photo ID may be required. Confirm the deposit requirements with EQ Bank.
Tested & Active:
About EQ Bank
EQ Bank is the digital banking arm of Equitable Bank, Canada's seventh-largest Schedule I bank by assets. Renowned for pioneering high-interest savings and zero-fee everyday banking, EQ Bank offers its Personal Account with everyday chequing convenience and high interest on all balances. Canadian account holders enjoy free Interac e-Transfers, free ATM withdrawals anywhere in Canada, and competitive GIC rates without monthly account minimums or fees. Deposits are fully insured up to regulatory limits by the Canada Deposit Insurance Corporation (CDIC).
How to claim the EQ Bank bonus
Click Get Offer to visit the official EQ Bank account registration portal for EQ Bank.
Complete the digital EQ Bank account application for an EQ Bank Personal Account.
Verify identity for EQ Bank and complete the qualifying EQ Bank opening deposit within 30 days to unlock the $20 EQ Bank bonus.
EQ Bank eligibility & terms
Must be a Canadian resident who has reached the age of majority in your province or territory (18 or 19).
Offer valid for new EQ Bank customers opening their first personal account.
Requires completing the initial qualifying deposit specified by EQ Bank.
Must provide a valid Canadian Social Insurance Number (SIN) and government-issued photo ID for account verification.
Frequently asked questions
Who is eligible for this offer?
Eligibility is determined by EQ Bank. Review the merchant’s current terms before participating.
What do I need to do to receive the offer?
A SIN and photo ID may be required. Confirm the deposit requirements with EQ Bank.
When will I receive the bonus or discount?
Confirm bonus timing with EQ Bank.
Can this offer be combined with another welcome offer?
Stacking is not stated in the current EQ Bank record; confirm with EQ Bank before combining the EQ Bank bonus with another welcome promotion.
What must both parties do to qualify?
Referee: open a first EQ Bank Personal Account, verify identity for EQ Bank, and complete the qualifying EQ Bank opening deposit within 30 days. Referrer: no separate referrer action is stated in the current EQ Bank record; confirm referrer requirements with EQ Bank.
Is this offer open to newcomers or students?
Not stated as a newcomer-specific EQ Bank offer; EQ Bank requires Canadian residence and age of majority, plus a SIN and photo ID. Confirm newcomer eligibility with EQ Bank before applying.
Is referperk.ca legit for finding Canadian referral bonuses?
ReferPerk is a community directory of Canadian referral offers. Offers are submitted by the community, reviewed before publishing, and checked by weekly automated checks, but rewards, eligibility, and conditions are set by the merchant and may change. Confirm current terms with EQ Bank before joining.
Does referperk.ca list Canadian bank account referral bonuses and qualification rules?
ReferPerk lists Canadian bank account referral bonuses on separate merchant pages, such as EQ Bank, Simplii Financial, TD Bank, and CIBC, with each page stating the bonus, minimum requirement, eligibility, and payout timeline as stated in the current record. This page is for EQ Bank, so confirm whether EQ Bank is a bank account offer on the EQ Bank page before applying.
