Business
EQ Bank launches Business Banking designed to drive small business owners' success in Canada
EQ Bank launches Business Banking designed to drive small business owners' success in Canada ...
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EQ Bank launches Business Banking designed to drive small business owners' success in Canada /* Style Definitions */ span.prnews_span { font-size:8pt; font-family:"Arial"; color:black; } a.prnews_a { color:blue; } li.prnews_li { font-size:8pt; font-family:"Arial"; color:black; } p.prnews_p { font-size:0.62em; font-family:"Arial"; color:black; margin:0in; } Canada NewsWire Launch includes high-interest Business Account with free transactions 1 and no monthly fees – Canada's only bank account built to make bank for businesses Features a fully digital banking experience with dedicated customer service based in Canada New EQ Bank survey shows gap in business banking landscape – more than 1-in-2 Canadian small business owners say high costs and limited value are their top banking frustrations TORONTO , Oct. 8, 2025 /CNW/ - EQ Bank today announces the launch of its Business Banking platform, built to give Canadian small businesses an edge in how they manage their money. The nationwide 2 launch, which includes the high-interest Business Account and Business GICs, delivers rewarding digital solutions to help business owners save time, earn more and stay focused on growth. "Canadian entrepreneurs are bold, independent and vital to our economy. They deserve a banking experience that reflects the same aspiration, service and innovation they bring to their own customers," said Dan Broten , SVP and Head of EQ Bank. "We're proud to launch our Business Banking platform to help hard-working owners focus on growth and to extend the benefits of our challenger bank approach to this community for the first time. This is about catalyzing positive, long-lasting change and bringing real competition to an underserviced market that deserves better options." In contrast with a business banking landscape that often comes with barriers such as high fees, prohibitive minimum balance requirements, low or no interest and cumbersome in-person requirements for account management, EQ Bank's Business Banking platform offers Canadian small business owners a simplified, rewarding banking experience that features: Fully digital sign up and onboarding , eliminating time spent on branch visits or appointments Competitive 2.25% interest rate 3 on deposits with no monthly fees or minimum balance requirements Free everyday transactions 1 ( Interac e-Transfer®, electronic fu...