At Equitable Bank, we take pride in our service and are committed to providing you with the best customer experience that we can. If you have a complaint or concern, please follow our easy 3-step Customer Complaint Handling Procedures (CCHP) so that we can work with you to resolve it as quickly and efficiently as possible.
Many complaints can be resolved at the first point of contact. If you have a complaint, talk to the representative of the business unit that you have been dealing with. If the business unit representative is not able to resolve your complaint to your satisfaction, your complaint can be referred to that individual's Manager, who has the authority to resolve, in a timely manner, the majority of complaints that arise. You can reach your business unit representative by:
If the business unit representative or that individual's Manager is not able to resolve your complaint to your satisfaction, you can escalate it to the Department Head of that business unit by:
If the Department Head is not able to resolve the complaint to your satisfaction, you can escalate it to the Chief Complaints Officer, who reports directly to Equitable Bank's CEO. Working closely with both customers and the Bank's relevant business units, the Office of the Chief Complaints Officer independently conducts a full investigation of customer complaints, subject to certain limitations, and is committed to providing an impartial review to help customers and the Bank reach a fair, reasonable and transparent resolution. If your complaint has not been resolved within the first two steps of the Bank's CCHP, you may wish to submit your complaint in writing to the Office of the Chief Complaints Officer.
You will receive an acknowledgement of your written complaint within 48 hours of it being received. If your complaint is within the Chief Complaints Officer's mandate and has been through the first two steps of the CCHP, a full investigation will be undertaken. Most investigations are concluded within 4 - 6 weeks and you will be provided with a resolution/recommendation in writing. Any recommendations made are non-binding and parties are free to accept or reject them and pursue other options for resolution.
Some matters fall outside of the Office of the Chief Complaints Officer's mandate and include, for example: credit granting policies or lending decisions; matters of policy such as interest rates, service fees and account closures; issues that are in litigation or have been decided by the courts; and transactions for which the Bank's records no longer exist (typically seven years).
For Equitable Bank HELOC customers only: If you wish to dispute a transaction or entry made with your Equitable Bank Visa Access Card and you have been through the Bank's 3-step CCHP, and are not satisfied with the resolution, you may also contact the Equitable Bank Visa Access Card issuer, Peoples Trust Company, at 1-855-683-2881 or refer to their complaint handling process, which can be found at www.peoplestrust.com/about-us/resolving-your-concerns.
If you require further information or are still not satisfied after receiving Equitable Bank's Chief Complaints Officer's decision, the following external agencies can provide you with information and a further review of your complaint.
If you are not satisfied with the recommendation made by our Chief Complaints Officer, you can refer your complaint to the OBSI, an independent external complaints body, for further review. If you choose to contact the OBSI, please do so within 180 business days from the date you received a response from the Bank's Chief Complaints Officer. You may also contact OBSI if it has been more than 90 calendar days since elevating your concern to Step 2 and you have yet to receive a final response.
The FCAC supervises federally regulated financial institutions to ensure they comply with federal consumer protection laws and voluntary codes of conduct and public commitments. For example, financial institutions must provide consumers with information about fees, interest rates and complaint-handling procedures. If you have a complaint regarding a potential violation of a consumer provision, voluntary code of conduct or public commitment, you may, at any time, contact the FCAC in writing. Please note that the FCAC does not become involved in matters of redress or compensation.
Equitable Bank has adopted a number of Voluntary Codes of Conduct and Public Commitments that are designed to protect consumers. Please refer to www.equitablebank.ca for further information.
The OPC oversees compliance with Canada's privacy laws and you may contact the OPC at any time with a privacy complaint.