EQ Bank Referral Code: Get $20 Sign Up Bonus And Earn $500 Referral Bonus

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A new EQ Bank account can receive a $20 sign up bonus if you use the current referral code (ARYSN16).

You can join EQ Bank’s referral program and invite your friends to sign up. You will receive a $20 referral bonus for each person you refer. You can earn up to $500 as a referral.

This article contains the EQ Bank referral code as well as complete information about the EQ referral program.

EQ Bank Referral Code: New User Code

Use this referral code “ARYSN16” (or link) to get a $20 EQ Bank sign-up bonus.

EQ Bank Referral CodeARYSN16
Referral Bonus$20/referral
RequirementAdd Direct Deposit
Sign Up Bonus$20 New User Only

How To Apply EQ Bank Referral Code?

  1. Download the EQ Bank app on your device.
  2. Enter the details to complete your registration.
  3. During sign-up, click on the referral code box to enter the code.
  4. Add your direct deposit to your EQ bank account.
  5. You will receive a $20 sign-up bonus to your account.

EQ Bank Referral Program: Get $20, Give $20

EQ Bank offers a referral program that rewards you for inviting your friends to join the bank. Once you sign up for the program, you will receive a unique referral code that you can share with your friends.

For every person that uses your referral code to sign up for EQ Bank, you will earn a $20 referral bonus. The more people you invite, the more money you can earn.

How To Invite Friends On EQ Bank?

  1. Open the EQ Bank app on your device.
  2. Go To My Account Tab at the top right corner of the app.
  3. Click on the Refer a Freind tab to get your referral link.
  4. Copy your EQ Bank referral code or link and share it with your friends.
  5. Once your friends join you will receive a $20 sign-up bonus.

EQ Bank Features

EQ Bank, a popular online bank in Canada, offers a number of features focusing on savings and investment products without the typical fees associated with brick-and-mortar banks. Here’s a breakdown of key EQ Bank features as of the last update:

High-Interest Savings Account (HISA)

  • Competitive Interest Rates: Offers one of the highest non-promotional interest rates on savings in Canada.
  • No Monthly Fees: There are no monthly account fees.
  • No Minimum Balance: You can open an account without a minimum balance requirement.

EQ Bank Savings Plus Account

  • Hybrid Account: Functions as both a savings and a chequing account, allowing you to pay bills, transfer money, and more, all while earning high interest.
  • Unlimited Transactions: Provides unlimited free Interac e-Transfers®, bill payments, electronic fund transfers, and mobile check deposits.
  • GICs (Guaranteed Investment Certificates)
  • Competitive Rates: Offers competitive interest rates on GICs, with a range of term options.
  • Security: Your investment is CDIC insured, which provides a level of security for your funds.

International Money Transfers

  • Partnership with Wise: Allows customers to send money internationally at low costs, with transparency about the fees and real exchange rates.
  • Banking Convenience
  • Digital-First Approach: Banking services are offered online or via the EQ Bank mobile app, emphasizing convenience and accessibility.
  • Joint Accounts: Offers the ability to open joint accounts for shared financial goals.

No Everyday Banking Fees

  • Fee Structure: EQ Bank stands out by not charging everyday banking fees, such as for monthly account maintenance, electronic transactions, and Interac e-Transfers®.

Is EQ Bank Legit?

Yes, EQ Bank as offering high-interest rates and various banking features, reinforcing its legitimacy and appeal to customers looking for efficient online banking solutions.

EQ Bank has received positive professional reviews mentioning no fees, but customer feedback on Trustpilot is mixed due to occasional technical issues impacting service usability. It is recommended that prospective customers consider both professional assessments and existing customer experiences when evaluating the bank.


While EQ Bank doesn’t publicly advertise a referral program, some existing customers may have been offered referral codes or links. If you’re considering opening an account, it can’t hurt to ask a friend or family member who already banks with EQ Bank to see if they have a referral code you can use.


Is EQ Bank a safe and secure option for online banking?

Yes, EQ Bank follows industry-standard security measures to protect customers’ personal and financial information. They also offer 24/7 monitoring and fraud protection.

Can I access my EQ Bank account on a mobile device?

Yes, EQ Bank has a user-friendly mobile app available for both iOS and Android devices. This allows you to conveniently manage your accounts on the go.

What is the interest rate offered by EQ Bank for their savings account?

Currently, the interest rate for their Savings Plus Account is 1.50%, which is one of the highest rates in Canada.

Jaya Mishra

Jaya Mishra is an IT Professional with nearly 13 years of experience and Currently likes to cover topics related to Finance, technology, entrepreneurship, Streaming Guides, and more. He will also help you maximize your income to savings with 10x growth. Reach for inquiries at arvindmishra284@gmail.com

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