Tagged: EQ Bank

Canadian Banking Challenger EQ Bank Surpasses $4 Billion in Total Deposits, but Still Dwarfed by Incumbents

EQ Bank, which is a digital, branchless platform offered by Equitable Bank, a Canadian banking challenger, recently surpassed $4 billion in total deposits, which has come about three months after it reached the $3 billion mark. Although the demand for digital banking services has been… Read More

Canadian Banking Challenger EQ Bank has Reportedly Surpassed $3 Billion in Total Deposits

EQ Bank, the digital platform established by Canada-based challenger bank, Equitable Bank (TSX: EQB and EQB.PR.C), has reportedly surpassed $3 billion in total deposits. The increase in deposits is due to a recent growth in customers, the bank claims. EQ Bank noted that daily sign-ups… Read More

TransferWise for Banks Partners EQ Bank to Help it Offer Faster Cross-Border Funds Transfers

EQ Bank, a digital platform provided by Equitable Bank, Canada’s Challenger Bank, revealed that it has teamed up with TransferWise, a leading UK-based money transfer service. Following the partnership, EQ Bank is offering faster cross-border funds transfers that are up to 8x cheaper for the… Read More

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