Compare EQ Bank and KOHO side by side. See which Canadian bank offers better rates, lower fees, and more features in 2026.
For higher savings rates, EQ Bank wins (EQ Bank: 2.50% vs KOHO: 0.50%). For lower fees, Tie is the better choice.
| Feature | EQ Bank | KOHO |
|---|---|---|
| Savings Rate (HISA) | 2.50% | 0.50% |
| Chequing Fee | $0 | $0 |
| e-Transfer | Free unlimited | $0 |
| Branches | None | None |
| Sign-up Bonus | $0 | $0 |
If you want the best savings rate, go with EQ Bank. If low fees matter most, Tie is your pick.
EQ Bank is a online bank offering 2.50% on savings with $0 chequing fees and Free unlimited e-Transfers. None branches.
KOHO is a fintech bank offering 0.50% on savings with $0 chequing fees and $0 e-Transfers. None branches.
EQ Bank offers 2.50% savings with $0 fees. KOHO offers 0.50% with $0 fees. For savings, EQ Bank wins.
EQ Bank: $0. KOHO: $0. Tie wins.
Yes. Many Canadians use multiple banks to maximize rates and bonuses.