EQ Bank Business Account

EQ Bank does not offer business accounts at the moment. However, they are known to have the best savings account deals across Canada. They also offer US Dollar accounts for smoother USD-CAD exchange transactions. Here's a guide to opening an account in EQ Bank online:

• Just visit their website to start.

• Provide your name and email.

• Check your email and input the passcode sent to you to verify.

• Provide your mobile number.

• A verification code will be sent to your mobile number.

• Choose the account type you wish to open.

• Follow the instructions if you're asked to verify your identity.

Here are the requirements for interesting account holders at EQ Bank:

• A Canadian resident

• Someone of legal age

• Has a social insurance number (SIN)

When opening an EQ Bank account online, be sure to have the following with you:

• Your social insurance number (SIN)

• Valid photo ID

• Your personal and active email and phone number (for security purposes)

The fees depend on the type of account you open in EQ Bank. Check out the fees associated with each account:

1. Savings Plus Account
   
   Most transactions with an EQ Bank Savings Plus Account are free. But there are certain limitations on the number of linked accounts, joint accounts, etc
   
   There are also maximum amounts on dollar accounts/transactions; otherwise, some fees may apply. For more info, know more about EQ Bank Savings Plus Account here.

• Tax-free Savings Account (TFSA)
  
  There is also no fee on everyday banking transactions with a TFSA account in EQ Bank. However, your transactions are limited only to CAD currency.
  
  Your account is also limited to $200,000. On the other hand, electronic fund transfers are only up to $100,000. Refer to this link to learn more about EQ Bank's TFSA account.

• Regular Savings Plan (RSP) Account
  
  This is also free, and its features, inclusions, and limitations are almost identical to the TFSA. But with RSP accounts, you can keep up to $1,000,000. Know more about EQ Bank RSP Savings Account here.

• US Dollar Account
  
  EQ Bank's US Dollar Accounts have no standard banking fees. There are also certain limitations on the number of transactions to enjoy the benefits of charge-free services. Check out more about EQ Bank's US Dollar Account here.

Consider Remitbee, for business accounts, as EQ Bank currently does not offer them. Like EQ Bank, we provide free services and competitive foreign exchange rates. Now, you can bring the best deals that EQ Bank offers to your day-to-day business operation.

Remitbee only takes 0.3% to 0.6% of the conversion, thus giving you the highest possible amount from the currency exchange. Remitbee Business Account lets you:

• Send up to $100k a day

• Transfer at least $500 free of charge

• Send and receive money fast

• Get the highest exchange rate

• Ensure a 100% money-back guarantee
  
  Opening a Remitbee Business Account is a hassle-free process similar to setting up a personal account. All you need to do is provide proof of your address to verify your business account. For further details, please consult the guide on how to open a business account on Remitbee.