EQ Bank · referral link

EQ Bank referral code: get $20 with this link

There is no code to type: the referral is tracked through this link. Open it before applying.

  • Tested in Quebec: $20 bonus received (proof)
  • No everyday banking fees
  • Deposits eligible for CDIC protection

Transparency: Cash Instinct also receives $20 if you meet the conditions; it does not reduce your bonus. Full disclosure

Referral bonus

$20for you, as a new customer

Minimum deposit
$100
Deadline after activation
30 calendar days
Usual payout
3 to 5 business days

Code ETIENNE5807already included in the link: nothing to type

Get $20 with EQ Bank ↗

Active referral link — verified

Eligibility

Offer summary

EQ Bank displays a $20 referral bonus for an eligible new customer. Attribution depends on the link: open it before starting the application, then complete the required deposit within the stated window.

You qualify if

  • You have never held an EQ Bank Personal Account
  • You open the account through the referral link
  • You deposit at least $100 within 30 calendar days after activation

Not eligible

  • Anyone who already had an EQ Bank Personal Account
  • Sign-ups through a joint-account invitation link
  • Accounts opened without the link, which cannot be attached afterwards

EQ Bank says the bonus is usually deposited directly into the account within 3 to 5 business days after the qualifying deposit.

Seen $30, $40 or a $500 deposit elsewhere? Some sites still show old tiered amounts, a $500 deposit requirement or older promotions. EQ Bank's current referral terms show a flat $20 for the new customer and a $100 minimum deposit; $500 is only the referrer's cap.

Account-opening flow documented September 7, 2026; bonus payment observed September 12, 2026. EQ Bank may change or end the terms; read the official conditions before signing up.

How it works

How to receive the $20

  1. Open the referral link

    Start with the Cash Instinct link above. No code needs to be typed: the link is the attribution method.

  2. Apply as a new customer

    Follow EQ Bank's application flow and open the Personal Account if that product fits your situation and province.

  3. Deposit at least $100

    Make the qualifying deposit within 30 calendar days after account activation. An Interac e-Transfer is one way to fund the account, subject to the conditions of your flow.

  4. Wait for the bonus

    EQ Bank says the usual credit time is 3 to 5 business days after the qualifying deposit. Confirm the amount and your eligibility in your account and the official terms.

Key point: the link must be used before the application. An account opened without the link cannot be retroactively attached to the referral program according to EQ Bank's FAQ.

Personal experience

My account-opening test in September 2026

On September 7, 2026, I opened an EQ Bank Personal Account in Quebec and funded it with an Interac e-Transfer. The $100 deposit succeeded, and the account balance shown after the deposit was $100.

In my test, a $20.00 transaction labelled “Referral Bonus” was credited to the account on Saturday, September 12, 2026. The bonus was therefore received in this tested flow after four business days following the $100 deposit made on Monday, September 7. This observation falls within EQ Bank's stated 3-to-5-business-day range. This is a single personal observation, not a guaranteed payout timeline for other accounts.

  1. Personal Account opened in Quebec and $100 Interac e-Transfer deposit
  2. $20.00 “Referral Bonus” credited, four business days later
$20 EQ Bank referral bonus credited on September 12, 2026
$20 referral bonus received on September 12, 2026 in the tested account.

Results can vary by identity, province, product and EQ Bank's checks.

The product after the referral

What the EQ Bank Personal Account offers

Beyond the bonus, the Personal Account combines everyday transactions with an interest-bearing balance. Here are the main features to consider:

Everyday fees

No everyday banking fees and no minimum balance according to the official fees and features page.

Everyday transactions

Interac e-Transfers, bill payments and electronic funds transfers are available without EQ Bank fees under the account terms.

Linked accounts

You can link other banks and send or receive funds through the supported electronic transfer methods.

Protection

Deposits are eligible for CDIC protection, subject to the applicable categories and limits.

AccessDigital access through online banking and the app, with an EQ Bank Card for withdrawals within the official limits.
Canadian ATM withdrawalsEQ Bank says it reimburses ATM fees up to $5 per withdrawal, up to five times per month, subject to the card terms.
Limits to knowEQ Bank does not support cash deposits or traditional branch services. Mobile cheque deposit is available, subject to applicable hold periods.
QuebecThe Personal Account is available in Quebec. Availability varies by product and service, and Notice Savings should not be presented as the Quebec option. Check the exact official product page.

Credit check when opening the account: EQ Bank's official FAQ says its online identity-verification process uses a soft credit check; EQ Bank says it does not affect your score and that your credit score is not considered when opening the account. This applies to opening the bank account, not to a separate credit application. To learn more about soft versus hard inquiries and follow your Equifax score and report, see our Borrowell guide to credit scores and reports.

Variable rate

Rate on October 14, 2026: 1.50% base, up to 2.75% total

1.50%base rate
+1.25%with $2,000+ in qualifying recurring direct deposits per calendar month
2.75%total rate

Since October 7, 2026, according to EQ Bank's notice to customers, the Personal Account has had a 1.50% base rate. Qualifying recurring direct deposits totalling at least $2,000 per calendar month add a 1.25% bonus, for a total rate of up to 2.75%. The condition concerns qualifying deposits, not a $2,000 account balance. The rate is variable; the bonus can take effect within the first two weeks of the month after the first qualifying transaction.

This rate is variable and separate from the referral bonus. Check the rate, the definition of an eligible deposit and the effective date directly with EQ Bank before moving your pay.

For the referrer

What does the person who referred you receive?

When the new customer uses the link, opens the eligible account and deposits at least $100 within the required window, the referrer also receives $20. EQ Bank currently displays a $500 lifetime limit from referrals. That limit applies to the referrer and does not change your $20 bonus.

FAQ

EQ Bank referral questions

How do I get the EQ Bank $20 bonus?
Use the Cash Instinct referral link before starting the application, open an EQ Bank Personal Account as an eligible new customer, and deposit at least $100 within 30 calendar days after account activation. EQ Bank says the new customer then receives a $20 referral bonus, usually paid within 3 to 5 business days after the qualifying deposit.
Do I have to enter an EQ Bank referral code?
No. If you searched for an EQ Bank referral code, there is no separate code to type into a field. EQ Bank tracks the referral through the unique referral link. The code ETIENNE5807 is already included in that link. Open the link before starting the application and continue the account-opening process from that page.
What conditions do I need to meet for the $20 bonus?
You must not have held an EQ Bank Personal Account before; signing up through an invitation link to join a joint account does not qualify. Use the referral link to open the account and deposit at least $100 within 30 calendar days after activation. Only one referral offer can be accepted, and EQ Bank may change or end the program.
Did you test the account-opening flow, deposit and bonus payment?
Yes. On September 7, 2026, I opened an EQ Bank Personal Account in Quebec and made a $100 Interac e-Transfer deposit. On September 12, 2026, a $20.00 transaction labelled “Referral Bonus” was credited to the account. In this test, the bonus therefore arrived after four business days following the deposit made on Monday, September 7, within EQ Bank's stated 3-to-5-business-day range. This is a single personal observation, not a general guaranteed timeline.
Is the EQ Bank Personal Account available in Quebec?
Yes, the EQ Bank Personal Account is available in Quebec. Availability varies by product and service, and Notice Savings should not be presented as the Quebec option. Check the exact official product page before opening an account.
What features does the EQ Bank Personal Account offer?
The EQ Bank Personal Account is a digital bank account with no everyday banking fees or minimum balance, Interac e-Transfers, bill payments, linked bank accounts and an EQ Bank Card. Deposits are eligible for CDIC protection subject to the applicable categories and limits.
What interest rate is EQ Bank currently showing?
As of October 14, 2026, EQ Bank's rate page lists a variable 1.50% base rate on the Personal Account. Qualifying recurring direct deposits totalling at least $2,000 per calendar month add a 1.25% bonus, for a total rate of up to 2.75%. The condition concerns qualifying deposits, not a $2,000 account balance. Check the current rate and official terms before signing up.
What does the person who referred me receive?
When the new customer meets the conditions, the person who referred them also receives $20. EQ Bank currently displays a lifetime limit of $500 from referrals for the referrer. That limit and the program terms can change.
Method

Official sources and limits

Referral terms and rates were rechecked October 14, 2026 in the following official pages; the account-opening flow and payout remain documented from September 2026:

Ready to start with the EQ Bank link?

No code to enter: open the link before applying, then remember the $100 deposit within 30 days.

Get $20 with EQ Bank ↗