Eq Bank USD Account Overview

You can benefit from a great interest rate and no need to have a minimum balance. Keep reading to find out more!

Trademark Disclaimer : Eqbank* is a trademark of Equitable Bank with whom Remitbee Incorporated (“We,” “Us,” “Our”) has no direct or indirect association in marketing, sales or customer service. Indeed, the enclosed contents are provided only for information and comparison purposes. We further state that all third-party products, services, company names and logos remain the property of their respective holders. Use of them here in this article does not imply any affiliation with or endorsement by them.

Eq Bank USD Account
If you want an account that does not cut back on your savings due to monthly fees or low exchange rates, consider opening an EQ bank USD account. You can hold the dollars in the account and convert them when you get favorable currency exchange rates.

The most attractive feature of the EQ bank USD is its high-interest rate. But that is not the only good thing about the account, read and learn more about the account.
How to Create a USD Account With Eq Bank USD

If you are not yet a client with the bank, you start by opening a free saving plus account online. Once you open the account:

Step 1.
You can proceed to open an EQ bank USD account by using your web browser or your mobile app.

Key features


Opening an EQ bank USD account means your dollars earn more money.

Here are some key features of this account:
  • ⬤ You don’t pay any monthly fees.
  • ⬤ The interest rate is quite attractive.
  • ⬤ You start earning interest for the first $1 you deposit.

    • Monthly Fees & Interest Rate & Minimum Balance


    Monthly fees:

    No monthly fees.

    Interest rate:

    You earn an interest rate of 1.40% on your dollars.

    Minimum Balance:

    No minimum balance is required to earn interest.

    Offers


    With the EQ bank USD account, you will enjoy numerous other benefits by having this account.

    Here are the benefits you can enjoy:
  • ⬤ You can make free transfers from your account to other Canadian accounts.
  • ⬤ You can also send money from your account to recipients in other countries through RemitBee at affordable rates.
  • ⬤ The funds in your account are eligible for coverage by the Canada Deposit Insurance Corporation(https://www.canada.ca/en/financial-consumer-agency/services/banking/deposit-insurance.html) coverage.
  • ⬤ When transferring funds from a Canadian Financial Institution to your EQ USD account, it appears as CAD in your savings plus account. It will then automatically be deposited into your EQ USD account in dollars.

    • Currency Exchange Using USD Account

    01
    Create your free account

    If you don’t have a RemitBee account, you’ll need to create one (https://www.remitbee.com/signup)

    Step 1 image
    02
    Go to the menu

    After signing up, go to the menu and select exchange currency. Enter the details of your currency exchange. You can move to the next step if no further verification is required.

    Step 2 image
    03
    Connect your accounts

    You can now link your CAD and EQ bank USD account.

    Step 3 image
    04
    Confirm your details

    Choose the amount and confirm your exchange rate. The transaction occurs between the two accounts via EFT.

    Step 4 image
    05
    You’re almost done!

    Convert your money.

    Step 5 image

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