Now it’s even easier to grow your savings online!

Did you know you can make a direct deposit to your Equitable Life savings plan through your financial institution’s online banking service?

Note: Direct deposit can be made to non-registered accounts, Tax-Free Savings Accounts, and Retirement Savings Plans.

It's simple!

  1. Log into your financial institution's online banking service
  2. Select the option to add a new bill/payee
  3. Search for “Equitable Life Savings Plan”
  4. Use your Equitable Life savings plan policy number when prompted for your account number.
  5. Make a payment to Equitable Life. The minimum deposit on existing policies is $50 per fund and $500 per Guaranteed Deposit Account (GDA). Deposits will be invested according to the investment instructions on file.

Submitting a new application?

Using Equitable Life’s EZcomplete online application, your advisor can provide you with the EZcomplete application number. The application number can be used just like a policy number to make a direct deposit. Follow the steps above once you have your EZcomplete application number. The minimum deposit for new policies is $500.

Financial institutions currently registered for direct deposit with Equitable Life:

  • Bank of Montreal (BMO)
  • CIBC
  • Royal Bank (RBC)
  • Scotiabank
  • TD Canada Trust
  • ATB
  • Credit Unions that are members of “Central 1 Credit Union”
  • Desjardins
  • HSBC
  • Simplii Financial
  • Tangerine
  • Telpay