Buy Bitcoin with EQ Bank

[✓] last verified 2026-01-28·Reviewed by BankToBTC Team

Data from bank docs & FINTRAC registers · How we verify · Report an error

Allows Interac e-Transfer to exchanges.

Crypto Compatibility Score: 80/100 (Excellent)

Score Breakdown:

  • Payment methods: 28/35 pts — fast deposit rails available
  • Bank transfer reliability: 23/25 pts
  • Limits: 12/20 pts
  • Cost: 10/10 pts
  • Evidence: 7/10 pts

Supported payment methods: interac-etransfer, eft-canada

Last verified:

Quick Verdict

EQ doesn't offer crypto but is built for digital transfers. Interac e-Transfer to a regulated exchange is straightforward; EFT works for larger amounts once set up.

  • [✗]

    Can you buy Bitcoin in the app?

    No, use an external exchange

  • [✓]

    Can you fund an exchange?

    Yes, using Interac e-Transfer

  • [›]

    Best funding method

    Interac e-Transfer

  • [!]

    Potential issue

    EFT setup can take a few days

Top Exchanges for EQ Bank

Step-by-step guide to buying Bitcoin with EQ Bank

EQ Bank works best when you send Interac e-Transfer to a FINTRAC registered exchange and trade once credited. See the steps below.

  1. Pick a FINTRAC-registered exchange
    Use a FINTRAC-registered MSB and Interac deposits for the fastest funding.
  2. Create your exchange account
    Register and enable two factor authentication.
  3. Complete identity verification
    Verify identity before depositing.
  4. Get the Interac deposit recipient
    Select Interac e-Transfer deposit and copy the recipient email and any required message.
  5. Send Interac e-Transfer in the EQ Bank app
    Open EQ Bank, tap Send Money then Interac e-Transfer, add the recipient email, and send; confirm the recipient carefully before submitting.
  6. Wait for funds to arrive
    Autodeposit is often minutes, but first time recipients can be delayed if verification is required.
  7. Purchase Bitcoin
    Buy BTC once your deposit is credited.
  8. Secure your Bitcoin
    Withdraw to a wallet if you plan to hold.

[!] Troubleshooting

  • If EFT setup is slow, use Interac e-Transfer first, then switch to EFT once the link is established for larger amounts.
  • If Autodeposit fails, confirm the recipient email and resend rather than creating multiple pending transfers.
  • If an Interac transfer is pending, check your daily Interac cap and reduce the amount.

Frequently Asked Questions

Can you buy Bitcoin with EQ Bank?

Yes. EQ Bank customers typically fund Bitcoin purchases using Interac e-Transfer to a FINTRAC-registered platform, or by linking their account using EFT when supported. EQ Bank is known for fast e-Transfers. The bank does not offer spot Bitcoin trading inside its app. For fewer issues, prioritize Canadian platforms on FINTRAC's MSB registry.

What are EQ Bank's Interac e-Transfer limits for crypto funding?

EQ Bank publishes a cap of $5,000 per 24-hour period with higher weekly and monthly limits. Check your specific limit in the app before sending. For larger deposits, EFT linking is usually better than splitting into many e-Transfers.

EQ Bank e-Transfer: Autodeposit or security question for exchanges?

Autodeposit is usually cleaner because it removes security-answer mismatch errors. If the platform requires a security question, keep the answer simple and consistent. Typos are a common cause of stuck transfers.

How long do EQ Bank Interac deposits take for Bitcoin purchases?

EQ Bank is often faster than traditional banks. Interac e-Transfers frequently land in minutes when Autodeposit is used. Delays usually happen on first-time payments or when your transfer is near the limit.

Can I link EQ Bank to an exchange using EFT instead of e-Transfer?

Yes, if the platform supports Canadian EFT. EFT is slower than Interac, but it usually supports higher amounts and is less likely to trigger daily limit caps. EQ Bank publishes clear EFT information since it emphasizes digital transfers. Expect platform verification before larger limits are enabled.

Does EQ Bank block crypto exchanges?

EQ Bank does not publish a blanket block on regulated platforms, but fraud controls can still pause individual transfers that match scam patterns. Using FINTRAC-registered Canadian platforms and staying within your limits helps. If a transfer fails, pause and send a smaller test amount.

Evidence & Verification

This page references 4 sources: FINTRAC MSB Registry, EQ Bank EFT vs e-Transfer Guide, Interac e-Transfer Guide. Information was compiled from official sources and user reports.

Sources:

How we verify · Report an error

Information can change without notice. Always verify current policies directly with your bank and exchange before making transactions.