• Log in

Carney tours Kariye Mosque in Istanbul before departing Turkey

  • English
  • French

Trending Tags

  • News
  • Travel
  • Eat & Drink
  • Sports
  • Things To Do
  • Real Estate
  • People
  • Money
  • Narcity TV
  • Deals
  • Podcasts

Popular Cities

  • Toronto
  • Ottawa
  • Calgary
  • Vancouver
  • Montréal (fr)
  • Québec (fr)
  • Halifax
  • Edmonton
  • Montreal (en)
  • Laval (fr)
  • St. John's
  • Whitehorse
  • Winnipeg
  • Atlanta
  • Austin
  • Houston
  • Las Vegas
  • Los Angeles

Get Narcity on the Go

Download on the App StoreGet it on Google Play
  • About
  • Editorial standards
  • Advertise
  • POLITICAL ADS REGISTRY
  • careers
  • Privacy Policy
  • Contact Us
  • Terms & Cond.
  • Submit a news tip
Sign in

Welcome back!
Choose your sign-in method.

Don't have an account?

By continuing, you agree to our Terms & Conditions

Create account

Already have an account?

By continuing, you agree to our Terms & Conditions

Create an Account
Minimum of 8 characters and one number or symbol.

Looks like your email is already registered. Reset your password

By continuing, you agree to our Terms & Conditions

Looks like your e-mail is already registred!

Please check your e-mail to reset your password.

Sign in with Email

Forgot your password?

Reset Password
Please enter email address to receive instructions to reset password
This website uses cookies

We use cookies to personalize content and ads, to provide social media features and to analyze our traffic. We also share information about your use of our site with our social media, advertising and analytics partners who may combine it with other information that you’ve provided to them or that they’ve collected from your use of their services. Learn More

close
Yes, I Accept
Sponsored Content
personal finance
EN - Money

Most Young Canadians Still Bank With Their OG Account & Here's Why You Deserve Better

Chequing accounts that charge you fees and don't pay interest have got to go.

@eqbank | Instagram
Louie Murray
February 23, 2024, 09:22 AM

Are you still using your very first bank account? If you answer "yes," you have something in common with the 71% of young people in Canada who told EQ Bank in their latest survey conducted by Angus Reid Forum that they haven't yet switched to a better deal on everyday banking.

Whether it's the one your parents opened for you as a kid, one you opened for yourself, or your only option when you became a Canadian resident, staying with your OG account "just because" is like still using your first cell phone. It may get the job done, but things have come a long way since then.

For example, EQ Bank offers a bank account that acts like an everyday chequing account but earns like savings and pays you 4.00%* interest. Even better, their EQ Bank Card reimburses you for all ATM fees in Canada and gives you cash back on every purchase. Their commitment is to help you make more with less take — and it shows.


EQ Bank is challenging Canadians to expect more from their chequing accounts. Canadians have gotten so used to not earning interest on their everyday accounts that barely half (52%) of people surveyed know what they earn. If your banking experience has you thinking minimum balances, ATM fees, and monthly fees are normal, it's time to shop around for a better deal.

How do I change bank accounts in Canada?

If you're ready to switch to an everyday bank account that's more make and less take, you can easily do so by signing up at EQ Bank's website. Once you have your new account information, set up direct deposit on your pay so you can earn that sweet 4.00%* interest right away

See on Instagram

The next step is to note any pre-authorized payments or automated bills on your OG account if you want to pay these out of your new account instead. You can look up your transaction history at the relevant bank’s website. Next, update your details with those billers, which you can usually do online on their websites.

Prioritize bills or repayments to ensure you catch everything that might impact your credit score, but don’t forget to do a quick scan for automatic payments like subscriptions, streaming services and memberships attached to your existing chequing account. Write down a quick list of providers and update your details with them (or cancel).

Then, you can phone your bank and request they close your OG chequing account if your new account suits all of your needs and you’d prefer just one. Depending on your bank, they may want you to go into a branch, or they'll do it right there. That's all.

Canadians have been using bank accounts that do nothing but take for too long. Not only are there better alternatives out there, but switching bank accounts is easier than you think. Check out EQ Bank and start making more today.

To learn more about EQ Bank, visit their website and follow them on Instagram, Facebook, X and YouTube.

* Interest is calculated daily on the total closing balance and paid monthly. For the EQ Bank Card, interest is paid into the linked Personal Account. Rates are per annum and subject to change without notice. For the Personal Account, Joint Account and EQ Bank Card, the current base interest rate is 2.50% (the “Base Rate”). Customers who add and maintain qualifying recurring direct deposits of at least $500/month to a Personal Account or Joint Account are eligible to earn a bonus interest rate of 4.00% (the Base Rate plus an additional 1.5%) for the eligible accounts (the Personal Account, Joint Account and the EQ Bank Card balance) for a maximum period of 12 consecutive months. Conditions apply. Please review the EQ Bank Bonus Interest Offer Terms and Conditions.
The Mastercard circles design is a registered trademark of Mastercard International Incorporated.
Discover Narcity
Get the latest and greatest stories every day in your inbox.

Rébecca se confie sur le jeu de Jacob, la situation d'Imane et son parcours à OD Panama

Il y a un côté de Jacob qu'on ne voit pas dans les émissions. 👀

Occupation Double | Crave

L’aventure de Rébecca à Occupation Double Panama est officiellement terminée. Après avoir été benchée une première fois, la barmaid de Québec de 24 ans a définitivement fait ses valises lors de la même soirée d’élimination que Jeremy, le policier débarqué dans l’aventure à la cinquième semaine grâce à un twist. Et disons que son départ n’a pas fait l’unanimité! Si certaines personnes dans les maisons semblaient impatientes de la voir quitter les lieux « pour l’ambiance », plusieurs téléspectateurs et téléspectatrices ont plutôt été déçus de perdre une candidate qui mettait pas mal d’action dans les villas panaméennes.

À lire également : On a « stalké » Rébecca d’OD Panama et voici ce que tu veux savoir

Keep reading Show less

Suburban Montreal mayor pleads guilty, faces $30,000 fine after anti-Palestine posts

Mayor faces $30,000 fine over Palestine comments
THE CANADIAN PRESS/Graeme Roy

The mayor of a Montreal suburb pleaded guilty to a professional ethics breach and faces a $30,000 fine over comments he made about Palestine.

Hampstead Mayor Jeremy Levi entered his plea on Thursday after a complaint to the Quebec order of professional accountants.

Keep reading Show less

We're hearing more about rabies in the news. Here's what to know about the virus

Here's what to know about rabies in Canada
THE CANADIAN PRESS/Paul Chiasson

Public health officials in B.C. and Quebec are dealing with rabies in wild animals that have come into contact with people or domestic pets. In Vancouver, it was a single skunk but in parts of Quebec, there is an outbreak of rabies in raccoons that has transmitted the virus to three cats. 

On Friday, the Canadian Food Inspection Agency (CFIA), which is responsible for national rabies surveillance, said that the number of animal cases fluctuates from year to year, but preliminary data suggests "increased rabies activity in raccoons, particularly in Quebec, is a major factor contributing to the higher number of confirmed rabies cases reported this year."

Keep reading Show less

Trending right now on Narcity

Thunder Bay's next mayor will have to grapple with homelessness, housing crisis

Here's what's open and closed in Toronto on Family Day 2025

Ontario Gas Prices Are Set To Rise Tomorrow & The Pump Apocalypse Is Real

These 13 Hiking Spots Are Some Of The Most Scenic Trails You’ll Find Across Canada

19 Halifax Cafés You Must Visit If You Really Love Coffee