Dismantling the Big Five: Why EQ Bank’s Hybrid Blueprint Is Winning Canadian Savers

To hold a traditional chequing account at one of Canada's "Big Five" banks, consumers must swallow monthly account fees, account minimums, and near-zero interest yields. If you want a decent return on your cash, you are expected to transfer it to a separate, restricted savings account. EQ Bank—the digital-first schedule I bank under EQB Inc.—has systematically dismantled that outdated paradigm. By merging high-yield interest rates directly into a flexible, no-fee everyday account, EQ Bank provi