EQ Bank

Connecting your EQ Bank accounts to Boreal

EQ Bank is often one piece of a broader setup rather than the only place you manage money. It may hold savings, everyday cash, or short-term reserves while cards and other accounts live elsewhere. Connecting supported EQ Bank accounts to Boreal through Plaid helps bring that part of the picture into the same monthly view as the rest of your finances.

The connection is read-only. Boreal can look at balances and transactions so it can explain trends and changes, but it cannot transfer funds, pay bills, or edit anything inside EQ Bank. Plaid handles your credentials during setup, and Boreal never receives your online banking password.

What Boreal shows you

Once connected, Boreal turns EQ Bank activity into context instead of raw data. Transactions are categorized automatically, recurring inflows and outflows become easier to follow, and you can see how savings behaviour fits into the rest of your month without doing manual bookkeeping.

That is especially useful when EQ Bank acts as the savings or cash-management side of a multi-bank setup. Boreal helps show how transfers, spending, and reserves relate to each other so you can understand what changed and where cash flow appears to be heading. You do not need to set up a budget first to get value from that picture.

It also helps answer the common question of whether money is actually building up the way you intended. When transfers into EQ Bank slow down or cash starts leaving more often than expected, Boreal can make that shift easier to spot without requiring constant manual review.

Typically supported account types

• Savings accounts used for reserves, short-term goals, or general cash storage.
• Day-to-day cash or chequing-style accounts when that connection is supported.
• Joint or shared cash-management accounts when they are available through Plaid.
• Other supported deposit-style accounts that Plaid can access for EQ Bank customers.

How syncing and reconnection work

After you connect supported EQ Bank accounts, Boreal continues syncing updated balances and transactions as the connection remains active. That ongoing refresh is what keeps EQ Bank activity in the same picture as your other linked accounts.

EQ Bank or Plaid may periodically ask for another authentication step before new data can continue flowing. Reconnecting the account in Boreal typically restores the feed, though support can still vary by account and connection path.

Security and privacy

EQ Bank connections inside Boreal are read-only. Boreal can view financial data for analysis and dashboard features, but it cannot move money or make changes to your accounts.

Plaid handles the authentication layer, which means Boreal does not receive or store your banking password. Financial data stored by Boreal is protected with AES-256 encryption so the product's security promises stay consistent.

You can disconnect supported EQ Bank accounts or delete your Boreal data whenever you want. Boreal is designed to help you understand your money, not to control where it goes.

Connecting other Canadian institutions at the same time

EQ Bank can be one part of a broader setup in Boreal. Supported accounts from Tangerine and CIBC can be connected at the same time for one combined dashboard.