Formerly The Equitable Trust Company
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Type Public
Traded as TSX: EQB
Industry Banking
Founded 1970
Is EQ Bank trustworthy?
EQ Bank, like the big banks, is safe since their parent company Equitable Bank is a CDIC (Canada Deposit Insurance Corporation) member. Deposits are CDIC insured up to $100,000 per account. In case of a bankruptcy, clients of EQ Bank will get back their deposits and interest earned up to $100,000 per account.
Who owns EQ banking?
Equitable Group
Is EQ Bank owned by CIBC?
Product type Neobank (Online Bank)
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Owner Equitable Bank
Country Canada
Introduced
Website eqbank.ca
Is EQ Bank same as Equitable Bank?
Based in Toronto, EQ Bank is a trademark of Equitable Bank. Equitable Bank is a federally regulated Schedule I bank with over 900 employees across Canada.