Your cookie choices

We use necessary cookies to make this site work. With your permission, analytics cookies help us understand usage and marketing cookies support advertising.

You can reject non-essential cookies and still use the site. Change your choices anytime in Cookie settings.

Cookie settingsCookie policy

EQIBank review

Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026

We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings. Partners with a live offer in your country come first, then every other brand by score.

Our verdict

EQIBank suits businesses and frequent travellers who want a fee free card with a wide currency reach, though the 1% currency conversion fee is the cost to watch. The $0 monthly fee keeps holding costs low, and 100 currencies sit behind the account.

Key facts

Best for
Businesses and travellers who want no monthly fee and multi-currency spending.
Monthly fee
$0↗
Currency conversion fee
1%↗
Card type
Debit↗
Card network
Visa↗
Currencies
100↗
Legal entity
EQIBank Limited↗
Headquarters
Dominica↗
Founded
2015↗
Support channels
Email, Help-centre↗
Features
Multi-currency, Travel, Virtual card
Audience
Business
Official website
eqibank.com

Credit cards

Perks
No spending limits, spend up to the amount deposited on the card, Accepted in over 44 million locations worldwide, 24/7 customer support, Digital wallet and web application, SMS and email notifications, EMV chip and PIN security, On/off software switch for extra control, Multiple cards per corporate or personal account, Card delivered in as little as five days↗
Card kind
Credit↗

Facts checked September 26, 2026, 6 sources

Apps and profiles

Elsewhere
TrustpilotLinkedInXinstagram.com

Pros and cons

Pros

  • Monthly fee of $0, ranking 1 of 422 on that measure
  • Multi-currency, travel and virtual card features under multi currency, travel and virtual card
  • No spending limits, so spending stops at the amount deposited on the card

Cons

  • Currency conversion fee of 1% puts it at 128 of 258
  • Support runs on email and help centre only, with no phone or live chat listed
EQIBank

Ready to try EQIBank?

Scored 8.9 / 10 by SumCue.

See alternatives

Who it suits

  • Businesses that need multi-currency cards without a monthly charge
  • Travellers holding 100 currencies and paying abroad often
  • Anyone wanting a visa card they can switch off in the app

Who should look elsewhere

  • Not for heavy currency converters: Wise, at a monthly fee of £0, is worth weighing while EQIBank's 1% conversion fee sits above the field
  • Not for anyone needing phone or live chat help, since support runs on email and help centre; bunq, at a monthly fee of €0, is the other option here
  • Not for personal everyday banking, where Starling Personal Account Debit Card, at a monthly fee of £0, is the personal account in this group

Fees and currency costs

The monthly fee is $0, so there is no standing charge to hold the account. The cost that matters for travel is the currency conversion fee of 1% on spending abroad, the one number to watch on a card built for multi currency, travel and virtual card use. The card comes as debit on the visa network, so spending draws on the balance held rather than extending credit.

Where it sits among rivals

On the monthly fee, EQIBank ranks 1 of 422 brands compared, as strong as that ranking goes. On the currency conversion fee it sits at 128 of 258, so holding the account is among the cheapest while spending abroad costs well above the field. The trade-off runs one way: free to keep, costlier to convert.

How EQIBank compares

Where EQIBank is available

Available
Everywhere except Belarus, Cuba, Dominica, Iran, North Korea, Russia, Syria
Licence in Dominica
Financial Services Unit of the Commonwealth of Dominica, checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What does it cost to hold an EQIBank account?+

The monthly fee is $0, so there is no standing charge for keeping the account open. Bunq and Starling Personal Account Debit Card list a monthly fee of €0 and £0, so holding costs do not separate the three.

How much does it cost to convert currency?+

The currency conversion fee is 1% on spending in another currency. That places EQIBank at 128 of 258 brands compared on this measure, so the cost of converting sits well above most of the field despite the free monthly fee.

Who regulates EQIBank?+

EQIBank is supervised by the Financial Services Unit of the Commonwealth of Dominica, the country where it is headquartered. The legal entity behind the accounts is EQIBank Limited, founded in 2015, and the account is aimed at business customers.

Which currencies and cards does the account cover?+

The account covers 100 currencies, and the card services cover multi currency, travel and virtual card. The card comes as debit on the visa network, with multiple cards per corporate or personal account, and delivery in as little as a few days.

Can I set limits and control the card?+

Spending on the debit card has no limits, so you stop at the amount deposited on the card. An on and off software switch adds control, and SMS and email notifications keep track of activity, alongside a digital wallet and web application.

How do I get help?+

Support runs on email and help centre, with customer service available around the clock. Readers who want to speak to someone by phone will not find that channel listed, so email or the help centre is the route.

Sources

Compiled from 7 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Free ATM withdrawals, Protection.

EQIBank

EQIBank

Businesses and travellers who want no monthly fee and multi-currency spending.

8.9/10See alternatives