What are the core values of equitable bank?
ESG at Equitable
We are always promoting EQB's core values of respect, agility, service and empowerment to build lasting relationships with customers.
At EQ Bank, we strive to provide far more value than traditional banks. We're committed to finding better, smarter ways of doing things because we know the only way for things to change, is to make them change. Our mindset is anything but ordinary and we are constantly challenging ourselves.
Equitable Bank manages over $74.1 billion in assets and is a wholly-owned subsidiary of EQB Inc. It was founded in 1970 as The Equitable Trust Company and has become Canada's seventh largest Schedule I bank.
EQ Bank launched on January 14, 2016, as a direct banking operation of Equitable Bank. As a completely online banking service, EQ Bank has no branch locations. It does not offer cheques to its customers. EQ Bank is CDIC insured under Equitable Bank.
At Equity Bank, we believe that our employees should represent the diverse communities we serve. Our inclusive and diverse workforce uses their differences and strengths to meet the individual needs of our customers.
Equitable Bank—Canada's Challenger Bank™—is a wholly owned subsidiary of EQB Inc., which trades on the Toronto Stock Exchange (TSX: EQB) (TSX: EQB.
EQ Bank may not offer the same variety of accounts or financial products as some of its competitors, but sometimes less is more. EQ's accounts, which allow unlimited transactions, provide customers an inexpensive way to handle their daily banking needs while helping them earn a healthy 4.00%* interest rate.
Yes, EQ Bank is secure. It is a federally regulated institution. This means the money you deposit with EQ Bank is protected by the CDIC for amounts up to $100,000.
We're also trusted by hundreds of thousands of customers to the tune of over $7B in deposits—and backed by Equitable Bank which has 50+ years of experience in the Canadian market.
How does EQ Bank make money?
Banks typically make money by accepting deposits from customers, and then providing loans to other customers and earning interest from those loans. EQ Bank uses the deposits from EQ Bank to furnish Equitable Bank's residential and commercial loans, and earn interest.
That's why we are consistently recognized as one of Canada's Top Employers – a rating that comes from our 1,800 employees. Equitable Bank's inclusive, welcoming, and pride-inducing workplace earned it the honour of being recognized as one of the top 50 organizations on the 2023 list of Canada's Best Workplaces™.
Winner: EQ Bank.
With its high interest rates on cash holdings (that are more than ten times what Tangerine offers) and no fees, EQ Bank is the clear champ. Interest is calculated daily on the total closing balance and paid monthly.
You may need to wait several business days to withdraw funds from your account via bank-to-bank transfer. Maximum balance for EQ Bank Personal Account. You can only hold up to $200,000 in an EQ Bank Personal Account ($500,000 for joint account holders). No physical locations.
Yes—deposits made under EQ Bank and Equitable Bank are aggregately eligible for CDIC protection up to $100,000, per insured category, per depositor, as outlined in CDIC's "Protecting Your Deposits".
Yes. Equitable Bank, which owns the trademark EQ Bank, is insured by the Canada Deposit Insurance Corporation (CDIC). Any assets in EQ Bank are aggregately eligible for protection up to $100,000 per insured category, per depositor.
Integrity: Acting ethically and transparently in all business dealings, prioritizing doing the right thing over personal gain. It means being accountable and following through with decisions made, even if no one is around to see it.
To be the champion of the socio-economic prosperity of the people of Africa. We offer inclusive, customer-focused financial services that socially and economically empower our clients and other stakeholders. Equity provides inclusive financial services that transform livelihoods, give dignity and expand opportunities.
(NYSE: EQBK) (“Equity” or the “Company”), the Wichita-based holding company of Equity Bank, announced it completed its merger with Rockhold BanCorp (“Rockhold”), the parent company of the Bank of Kirksville in Kirksville, Missouri.
| Institution | APY | Minimum Balance |
|---|---|---|
| Poppy Bank | 5.50% | $1,000 |
| My Banking Direct | 5.35% | Any amount |
| BrioDirect | 5.35% | $25 |
| Vio Bank | 5.30% | Any amount |
How many branches does Equity Bank have?
Branch network
Equity Bank maintains a network of 190 branches across Kenya, which includes 52 branches in Nairobi.
Home Trust and Equitable Bank are predominantly B lenders, however they also have an A side.
The EQ Personal Account offers no everyday banking fees, free day-to-day transactions, a stellar 2.50%* everyday interest rate and a 4% interest rate when you set up direct deposit. We also love how this account can function like a chequing account and can be used to pay bills and also transfer money instantly.
According to the hold policy at EQ Bank, we generally place a hold on funds deposited by cheque or Electronic Funds Transfer (EFT) for five business days, beginning after the date of deposit—meaning those funds actually become available by the sixth business day, when you include the date of deposit.
EQ Bank, Canada's seventh-largest bank, grew its adjusted net income last fiscal year by 11.2% while the big banks recorded between 0.7% growth and a 23% fall in earnings.
