Equitable Bank

Equitable Bank (formerly known as Equitable Trust Company) is a Canadian Schedule I bank providing residential and commercial mortgages, insurance lending solutions as well as deposit services including short-term and long-term guaranteed investment certificates (GICs) and high-interest savings accounts. It also offers US dollar accounts, international money transfers and other services. It is one of two financial institutions in Canada that offer reverse mortgages. In 2021, Equitable Bank expanded its life insurance lending program through a new partnership with Foresters Financial, Sun Life, Manulife and Desjardins. The Bank was established in 1970 and operates as a wholly owned subsidiary of TSX-listed EQB Inc. EQ Bank, an online banking platform of Equitable Bank, offers no-fee personal account (functions like chequing), savings and business accounts, prepaid card (acts like debit card), free withdrawals from any ATM in Canada, cash back on every purchase, mortgage marketplace and more. EQ Bank was named the best bank in Canada by Forbes. Equitable Bank is rated as excellent on Trustpilot with 4.4 out of 5.0 stars, based on over 90 customer reviews as of November 2024.

Fast Facts (07/2024):
Assets under management: $78 billion
Loans (Personal & Commercial): $48 billion
Total deposits: $32.7 billion
Shareholders' equity: $3.2 billion
Number of customers: 650,000
Number of employees (FTE): 1,849

Residential mortgage products:
Fixed Rate Mortgages
Adjustable Rate Mortgages
Home Equity Lines of Credit (HELOCs)
Reverse Mortgages

Head Office address:
Equitable Bank Tower
30 St. Clair Avenue West
Suite 700
Toronto, ON M4V 3A1
Phone number: 416 515 7000
Toll Free: 1 866 407 0004
Website: www.equitablebank.ca, eqbank.ca