Bank details of EQ Bank

Find the verified EQ Bank routing details needed for secure transfers. Below are the essential Institution Number (623), Transit numbers, and SWIFT codes required for Canadian domestic EFT (direct deposits) and international wire payments.

How to correctly fill out a transfer form

EQ Bank is a leading digital-only bank in Canada. Since EQ Bank doesn't have physical branches, all electronic transfers use a centralized routing system. For any incoming EFT or direct deposit, use the 3-digit institution number 623. For international transfers, EQ Bank utilizes a specialized SWIFT network.

Examples of filling out a transfer:

Domestic EFT / Direct Deposit:
Recipient: Jane Doe
Institution Number: 623 (public bank identifier)
Transit Number: 00001 (public bank identifier)
Account Number: ****5678 (example)
Purpose: Personal Savings

International Transfer (via Wise):
EQ Bank partners with Wise for international transfers. Often, you will use their simplified interface rather than a traditional SWIFT form to save on fees.

Tips for filling out the form

• Centralized Routing: Use Transit Number 00001 for all EQ Bank accounts regardless of where you live in Canada.
• EQ Bank is highly optimized for Interac e-Transfers, which is usually the fastest way to move money in or out.
• Ensure your EQ Bank account number (usually 8-10 digits) is entered correctly without any dashes.

FAQ

Question: Is EQ Bank safe for large deposits?

Answer: Yes, EQ Bank (a trade name of Equitable Bank) is a member of the CDIC, and deposits are insured up to $100,000.

Question: Where can I find my EQ Bank void cheque?

Answer: You can download a pre-filled void cheque directly from the EQ Bank mobile app under "Account Details."