EQ Bank named No. 1 Bank in Canada on Forbes list of the World’s Best Banks 2021

EQ Bank, powered by Equitable Bank, Canada’s Challenger Bank, has been named the No. 1 Bank in Canada on the Forbes list of World’s Best Banks 2021.

The World’s Best Banks were selected based on over 43,000 consumer surveys representing 28 different countries. This is EQ Bank’s first time being named to this prestigious list.

“As Canada’s first-born digital bank, it’s a remarkable achievement to rise to the rank of Canada’s #1 Bank in just a few years,” Andrew Moor, President and CEO of Equitable Bank, said in a press release. “Being recognized alongside not only our Canadian peers, but also globally is a testament to the success we’ve had in challenging what’s always been done and changing the way people think about everyday banking.”

EQ Bank launched in 2016 as Canada’s first digital bank born in the mobile age with a mission to challenge the notion of what everyday banking should be. EQ Bank now has more than $5 billion in deposits and over 185,000 customers.

“We live and breathe our commitment to change banking to enrich people’s lives,” said Moor. “Knowing that these awards are based on such elements as trust, customer service, and digital services instills great pride in seeing that we’re following through on those commitments. We’re truly honoured to receive this award.”

Read more about the news here.

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