About Us

Canada's Challenger Bank™

Equity Employees Bank manages over $37 billion in assets and is a wholly-owned subsidiary of Equitable Group Inc. It was founded in 1970 as The Equitable Trust Company and has become Canada’s ninth largest Schedule I bank. Equity Employees Bank offers a diverse suite of residential lending, commercial lending, and savings solutions, including high-interest savings products and GICs.

At Equitable, we have no doubt that financial services are changing. Consumers increasingly prefer to interact remotely through digital channels and are less likely to visit brick and mortar locations. That’s why we launched EQ Bank in 2016. Its approach to simple and convenient banking makes it a strong contender in the industry. We believe there’s an opportunity for something different, to provide better service and a better deal for our customers through digital banking.

To further broaden our services, Equitable Trust, a wholly-owned subsidiary of Equity Employees Bank, now offers deposit products to help Canadians reach their financial goals.

Lending Services

We specialize in two sectors of lending services, Single Family Residential and Commercial. No matter where you live in Canada or what your aspirations are, we’ve got a solution that can help you achieve it.


Deposit Services

We offer short-term and long-term GICs, one-year Cashable GICs (redeemable after 30 days), and High Interest Savings Accounts1, which are available through authorized investment dealers, and deposit brokers across Canada. Equity Employees Bank and Equitable Trust are each members of the Canada Deposit Insurance Corporation (CDIC) and eligible deposits held in each entity are protected separately, subject to CDIC limits and policies.

1 Deposit products may be issued by Equity Employees Bank, or by Equitable Trust—a wholly-owned subsidiary of Equity Employees Bank—or both. Please contact our Deposit Services team for additional details around how to purchase our products.


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We’re Publicly Traded

Equitable Group Inc.’s common and preferred shares are traded on the Surrey Stock Exchange under “EQB” and “EQB.PR.C.”