EQ Bank

Money & Insurance
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147 reviews
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Customer Reviews about

EQ Bank

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Tinys Mobile Mechanic

1.00/5.00

"This bank I went to except a etransfer…"

This bank I went to except a etransfer thru .. and the e-transfer was for my storage unit payment . It was sent to me on Thursday . So on Friday morning I noticed t still not there . So I called them . And the gentleman assured me that it would be there by the end of the business day on Friday by then I already endured a $10 late fee from my storage unit for late payment, EQ Banks said they would cover that cost so Saturday morning comes around and I had a moving truck with two helpers that I prepaid to help me move my stuff from the storage unit, but because the e transfer was still not there Saturday morning I could not access my storage unit so the moving truck and the two helpers basically showed up for nothing and I had to pay that cost, now EQ Bank will not reimburse me for the money I lost because of that and I waited all long weekend to even get the original e-transfer for my storage payment so all long weekend I slept on the floor because I couldn't get my bed and or none of my belongings out of my storage unit. Equibank also said that it was interacts fault, so I phoned interact I got an email back from interact stating the money was sent from my friend's account and was received by EQ Bank so EQ Bank lied to me and said it was interacts fault which it was not and I have the email to prove it as well so now I am out on $250 for the money's I spent on the prepaid truck and helpers I am a 50 year old man on disability and because of this incident I feel EQ Banks should be responsible for this fault I have sent many emails to the CEO of equibank with cowardly responses when I asked her to have a call back so now my lawyer has informed me to take it A step above and now they will have to endure the cost of my lawyer as well EQ Bank sucks very bad . Even the reference might code my friend gave me it took them over a week to deposit $20 in our accounts for our reference bonus I believe there are very shady Bank and I would not trust my money with them , because they just may lose it

28/02/2025

Samuel Pouliot

5.00/5.00

"i have a bank account with multiple…"

i have a bank account with multiple banks. EQbank is by far the most professional and efficient. Very good interest rate. i recommend it to everyone!

20/02/2025

Stephanie N. Griffin

1.00/5.00

"Trigger into happy days using spacebank."

Awful experience using this bank ! They locked out my account with huge funds deposit without any tangible reason , Getting a refund has been a cumbersome task. Trash Eq bank that does not make your money grow,Trigger into happy days using Spacebank.

19/02/2025

Henrique M. G. Mateus

1.00/5.00

"EQ Bank Has Closed All My Accounts"

EQ Bank has closed all my accounts, and told me they would send me back my funds if my account was linked to another branch it would be transferred.
So far, it's BS. I have called them twice and still see no progress. I have urgent bills to pay, but they still make excuses that if they don't send my funds on time, I will face NSF fines for missed payments that I have no right to pay with my new branch because of their incompetence.
They should be responsible for paying late fees with my new branch if they happen to apply them to me because of their incompetent lack of loyalty to banking clients or even former ones.

I find that they are untrustworthy!

I have asked them to smooth the problem, but still get
excuses on their part.
Even told them that would file a claim for NSF charges from another branch if they issued it to me but still they do not care!

Even told them they would be given a lawsuit on charges of theft and embezzlement of funds.
Still now looks like they will not take me seriously, just hope they send my funds soon.

They have not notified me of if even they have started to process the transfer to return the funds.

19/02/2025

Frustrated

1.00/5.00

"Do not bank with EQ!"

I sent myself an e-transfer from another banking institution. I have auto deposit set up.
EQ bank received the e-transfer, I can see it on my dashboard, and EQ cancelled the e-transfer later in the evening (which I can also see on the dashboard).

When I call EQ Bank, I am told it is a known issue and they are working to resolve it, that someone has to manually re-deposit the e-transfer. That was Friday, it is Tuesday and I still do not have my money and am told "Thank you for your patience" while my car insurance won't clear due to their incompetence.

As soon as my funds are back in my account, I am moving them out and closing the account.

18/02/2025

SVT

1.00/5.00

"Locked account"

EQ bank has my money and has locked me out of my account. Meanwhile I am stuck without any funds in a foreign country. Asked for verification documents but given no information on where to send them.

16/02/2025

Kathy Smith

1.00/5.00

"EQBank refuses to give me the promotion they advertise"

I've been a client of EqBank for over a decade. They refuse to give me 4% promotional interest they are advertising. It says on their website one needs a recurring deposit of $2000 or if one has less, like over $500, one still should get it. I have changed the deposit of my pension to EQBank, which is only about $1300 and asked the clerk at the chat if I'm available.
She said the promotion has ended. (?) When I showed her and sent her a link, she said, she will tell her manager to remove it, and she won't give me the 4% promotion. I said if they advertise it, she can't just delete it. (I think she had no idea what she was doing, but still, she was very stubborn about not giving me the 4%). Anyway, she said she will file a "complaint" im my name. I said, why complaint, when it says I have the right to the promotion? She was stubborn and sent me some form that says I have complained to some "Customer Complaint Handling Procedures (CCHP)" which is supposed to take 56 days.
Too bad. I used to like EQBank. This won't kill me as I have a 6-figure bank account with them, so I don't need the money for food, but I find it absolutely impertinent that they treat a long-time customer like this.
Stay away from EQBank. They used to be good, but they are getting worse and worse, especially customer service.
(I have saved the chat and can prove anytime that this is true.)

15/02/2025

Sarah Murray

5.00/5.00

"I love EQ"

I love EQ. They give you back all your fees you spend at the ATM’s and put it back on ur monthly statement-that’s just one perk. There’s way more perks though; to name a few quickly: the no fee bank accounts they offer, the annual cash back percentage they offer is way higher then usual banks and they’re fast and effective in customer services

11/02/2025

Bevin

1.00/5.00

"Utterly useless chatbot"

Utterly useless chatbot. Althoug all I have used are useless so why should I be surprised? I am trying to unlock my account. Traveling out of the country right now so I will not spend big dollars on roaming charges to talk to them. I entered "unlock account" in the chat and the chatbot gives me a long list of instructions starting with "Click on the "Unlock Account" button." There of course is no such button, anywhere on the page. I am using a laptop so decided to see if that is something that is only on the phone app. Nope, no "Unlock Account" button there either. I asked the chatbot where it is and just get the same whole list of instructions. So I navigate to EQ bank contact us, and it says call or chat with us during these hours, which I am within, or you can use our chatbot 24/7. Well, I know I don't want that chatbot but there is only one chat icon on the page. And when I click on it guess what? I get connected to the same useless chatbot. Utter garbage.

07/02/2025

Trish G

1.00/5.00

"They hook you with the interest rate, dont be fooled."

Constant 'We are experiencing and error' messages, chat bot is completely unhelpful, screens time out after about 15 seconds and you have to go through the really fun sign in process, hopefully you dont need to link an external account.
Tried closing the account 2 years ago and was unable because at the time there was less than $5 in the account, tried today with the same issue. So my money that was in there has been gaining interest that EQ will profit from. This is just the tip of the iceberg and I am hoping to save other from the hell hole working with this bank can turn into. Nice interest rate, thats how they get you.

06/02/2025
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