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Online banking makes it easy for your clients to save! (fran├žais)

Equitable Life is pleased to provide online banking as a premium deposit option for clients. Online deposits are an easy and convenient way for your clients to make additional contributions to their non-registered savings, Tax-Free Savings Accounts (TFSAs), or Registered Retirement Savings Plans (RRSPs).

To make a deposit, your client will log into their online bank account and select the option to add a new bill. They search for "Equitable Life Savings Plan", and use their Equitable Life policy number when prompted for an account number. Deposits will be made according to the default deposit instructions on file, and advisors will receive the regular commissions for any deposits made. Please note that all deposits must originate from the policy owner's bank account.

The following banks are currently set up for online deposits to Equitable Life:

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

If you or your clients have any questions about making deposits through online banking, our dedicated service team would be pleased to assist. You can reach them at 1.866.884.7427.