Joint Account Make bank on your joint savings too.

Joint accounts are designed for people who know each other well. Make sure you trust who you’re joining up with, since you will all have full access to the account and the funds that are in it.

Some things to think about:

• An account co-holder can withdraw all funds from the joint account without your permission
• Account co-holders can view your account transactions
• In the case of a marital breakdown of one of the account co-holders, the account could be considered a matrimonial asset and divided accordingly

If you need further details, please call the EQ Bank Customer Care team at 1-844-437-2265 (844-4EQ-BANK) or launch Live Chat

If you’re already a customer, we recommend keeping your existing individual Personal Account and opening a new joint account.

If you do wish to convert your existing individual account into a joint account, you can do so by signing in, selecting the account you wish to convert, choosing “More options” in the top right corner, and then following the easy steps to add co-holder(s). Your account will automatically convert to a joint account once a co-holder has accepted your invitation.

Eligible joint deposits are protected for up to $100,000 per set of co-holders, not per co-holder. Eligible joint deposits are insured separately from individual Personal Account deposits.

So, for example, you would be provided coverage for up to $100,000 in each of the following scenarios:

• Your Personal Account
• Your joint account with a spouse
• Your joint account with your parents

You can read more about this on the CDIC website.

As an existing customer, once you open a joint account, your individual Personal Account stays as is. So your personal banking remains just that—personal—and your joint account is shared. 

You’ll be able to transfer funds easily between your individual and joint accounts as many times as you like, at no charge.

Whether you’re using online banking or our mobile app, opening a joint account is easy. There is a slight difference in the step-by-step process, and below you’ll find a quick breakdown for your reference.  

To open a joint account from your web browser:

• Sign in to your account
• Hover over “My Accounts” at the top of your screen
• From the drop-down, click “Products”
• Select “Open a joint account”
• Invite friends and family

• Sign in to your account
• Tap the menu at the top right of your screen
• Under “Products,” select “Open a new account”
• Under “Account type,” select “Joint Account”
• Invite friends and family

Yes, our Joint Account is available to Quebec customers (please note some features such as EQ to EQ transfers are not currently available in Quebec).