Coming Soon

Business Card

A card that's all hustle, no hassle.

  • No annual fees
  • 1.00% cash back with $10k monthly spend**
  • Earn 2.25% interest* on your balance
Not available in Quebec.
A photograph of a woman in a personal office sitting at a laptop with an EQ Bank Business Card in her hand. Behind her, overlaid in the image, is an oversized EQ Bank Business Card

This card makes business sense (and dollars).

Take control of business spending with a reloadable card that makes budgeting easy.

  • Load only what you need and earn cashback (with min. monthly spend)
  • No credit checks or paperwork required
  • Get your free card in just a few taps
  • Start using your digital card right away

$0 annual fees

No annual fees means one less business expense to think about. Stay on top of your day-to-day spending too—load your card only with what you need, straight from your Business Account.

  • 2.25%

    Earn high interest on your entire balance

    Every dollar loaded onto your card earns the same high interest as your Business Account.

  • Earn 1.00%(aller à la note de bas de page **) cash back, with no cap

    Your business spending earns cash back—with no limit to your earning potential—when you spend over $10k a month.

Is the Business Card right for you?

It’s right for you if:

  • You spend on average more than $10K/month and want to earn cash back on your purchases.
  • You want to use your mobile wallet to make purchases.
  • You want to earn interest on your card balance.
  • You want a prepaid reloadable card you can use for online purchases.
  • You want a prepaid reloadable card you can use internationally.
  • You want no monthly or annual fees, and low FX fees.(Footnote †)
  • You’re looking for a card that will not incur interest charges and will not impact your credit score.
  • You're looking for a completely digital banking experience.

It’s not right for you if:

  • You require the ability to pay with a traditional debit card.
  • You need to deposit cash.

When will the Business Card be available?

Exciting news! The Business Card will be launching soon, check back for the official release.

What type of card is the EQ Bank Business Card?

The EQ Bank Business Card is a prepaid reloadable Mastercard(Footnote ®) that gives you access to your Business Account funds and earns high interest on your card balance until you spend it. You'll also earn cash back when you spend $10K or more in a month.(Footnote **)

Is the EQ Bank Business Card a debit card?

The EQ Bank Business Card is a prepaid reloadable Mastercard(Footnote ®) that lets you do things that a debit card does—like access cash and spend your money online and in-store.

How do I get an EQ Bank Business Card?

You can order the EQ Bank Business Card through the EQ Bank mobile app or online banking.

Can I get a card for each of my businesses?

Yes, you can order a card for each of your businesses. Select the business profile in your dashboard and follow the card ordering process.

Are there spending limits on my EQ Bank Business Card?

You can spend up to $100,000 per day and $30,000 per transaction.

How does EQ Bank Business Card interest work?

Interest is calculated daily on the total closing balance of your card at the rates per annum, as offered. Your earnings are then deposited monthly into your linked Business Account. The interest rate for your card is the same as your Business Account interest rate.

How does EQ Bank Business Card cash back work?

You need to spend at least $10,000 in a month to earn cash back. Once you hit that threshold, you earn 1.0% cash back on your total monthly spending.

Your earnings are deposited monthly onto your card. Fees, ATM withdrawals, cash advances, and credits do not earn cash back. Refunds will reduce cash back earned.

Will I be charged fees for using the EQ Bank Business Card?

Great news—there are no annual or monthly fees to maintain the card. Foreign transactions are subject to a foreign exchange fee of 2.00%.(Footnote †) EQ Bank does not charge a fee on ATM withdrawals; however, you may be charged a fee by the third party, which will not be reimbursed.

How does an EQ Bank Business Card compare to a credit card?

The EQ Bank Business Card has several advantages over credit cards:

  • It's good for budgeting—you're spending your own money
  • There's no risk of racking up debt or paying interest
  • There are no annual fees, and you'll earn cash back if you spend $10k each month(Footnote **)
  • There's no impact to your credit score
 
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Equitable Bank is a member of CDIC. EQ Bank is a trade name of Equitable Bank.

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