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EQ Bank Card

The bank card made for travelling.

  • No foreign exchange fees1
  • No monthly or annual fees
  • No ATM fees from EQ Bank2
Get your free card
man at a restaurant about to pay his bill using his EQ Bank card

Spend abroad without worrying about extra fees.

With the EQ Bank Card(Footnote 3), we pass on Mastercard's exchange rate directly to you, without the 2.50% fee that most cards charge.

0.5% cashback*

Your EQ Bank Card gives you 0.5% cash back* on everything you spend—whether it’s groceries, retail therapy, a restaurant bill, or anything else. Sounds a lot better than most debit cards that don’t make anything, right? 

  • Charge you to access your own money? Not us.

    Wherever you are in the world, get the cash you need without ever seeing ATM fees from us, even if others may charge you. We’ll even reimburse fees charged by ATM providers here at home in Canada, up to $5 per withdrawal, up to five times a month. 2.

  • This card works here, there, and everywhere

    The EQ Bank Card works just like any other card you use to spend what you want, where you want, and when you want. Almost anywhere in the world where Mastercard(Footnote ®) is accepted—that’s more than 210 countries, by the way—with no foreign transaction fees(Footnote 1). Plus, you can add it to your mobile wallet for contactless spending (and earning) from anywhere.

EQ Bank card image

The card that makes without the take

High interest until you spend. Cash back(Footnote *) when you do. And zero hidden fees when you use your card.

How EQ Bank Card works

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Aimeriez-vous avoir une carte qui rapporte plus, sans frais cachés? Ouvrez un Compte Courant en quelques minutes pour commencer.

Vous avez besoin de plus de renseignements sur le Compte Courant? En savoir plus sur notre Compte Courant

Is the EQ Bank Card right for you?

It’s right for you if:

  • You want to earn cash back on your purchases.
  • You want to use your mobile wallet to make purchases.
  • 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 fees and no FX fees.1
  • You want up to five free monthly withdrawals, up to $5 each, from ATMs in Canada.2
  • You want to earn interest on your card balance.
  • 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.

Common questions answered

Is the EQ Bank Card a debit card?

The EQ Bank Card is a prepaid reloadable card that lets you do things that a debit card does—like access cash and spend your money online and in-store. Plus, we reimburse any fees or surcharges charged by Canadian ATM providers—up to $5 per withdrawal, up to 5 times per month2— within 10 business days.

How does an EQ Bank Card compare to a debit card?

The EQ Bank Card has quite a few advantages compared to many debit cards:

  • You don’t have to maintain a minimum balance to avoid paying fees, which means you’re in charge of when you use your money.
  • You earn high interest on your card balance (just like in your EQ Bank Personal Account). That’s not something you can say about most debit cards and chequing accounts.
  • You earn cash back* on all of your purchases, which is definitely a step up compared to debit cards.
  • Free withdrawals from ATMs in Canada (we reimburse any fees up to $5, five times a month).

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

Here are some positive differences between an EQ Bank Card and a credit card:

  • 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 or foreign transaction fees1
  • There’s no line of credit, so will not impact your credit score

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

Great news—you won’t be charged any monthly fees or foreign transaction fees1. Want more fee details? View the full breakdown.

Do you charge any fees for Canadian ATM withdrawals?

No, we don’t charge fees for ATM withdrawals in Canada. Plus, we reimburse any fees or surcharges charged by Canadian ATM providers—up to $5 per withdrawal, up to 5 times per month2— within 10 business days.

Ask questions

Ask our friendly Chatbot anything or connect with a Customer Care Specialist.

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Equitable Bank is a member of CDIC. EQ Bank is a trade name of Equitable Bank.

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