The President's Choice Financial no fee bank account1 gives you free unlimited daily banking with no catches. Join the more than 1 million Canadians who enjoy free daily banking with us†. Plus, switching is easy with our FREE Account Switch service. Open a no fee bank account today and you’ll get:
When you open a no fee bank account, you can feel confident knowing banking with us is convenient and easy.
At a Bank Machine
Enjoy unlimited, free access to more than 3,400 President’s Choice Financial® and CIBC bank machines across the country. You can:
By far, banking online is the easiest way to stay on top of your finances. Plus, it’s free! You can:
With our self-serve telephone banking option, you can do all your banking from the comfort of your own home or from the other side of the world. You can:
3 Some CIBC bank machines are not capable of accepting deposits. Canadian dollar cheques may be held up to a maximum of 5 business days and cheques drawn on a foreign bank may be held up to a maximum of 60 business days.
You can earn PC points toward free groceries, Joe Fresh™ fashions, home furnishing and more. Look how easy it is:
How to Redeem your PC points
4 PC points will be awarded within 4-8 weeks after your first deposit. Offer available to new and existing customers who are setting up payroll or pension deposit for the first time. Cannot be combined with any other offer. For details and form, ask your personal banking representative at an in-store pavilion.
Add Overdraft Protection when you open a no fee bank account and never worry about bouncing a cheque or being short on cash. Here’s what you need to know:
Account Switch Service
Switching your banking is simple and switching your pre-authorized payments is just as easy. Visit an in-store pavilion to complete a pre-authorization form. Then simply gather your bills and we'll call you at your convenience to switch your payments. Just leave it to us. We can contact your other bank, close your old account and transfer the balance into your PC Financial no fee bank account.
Direct Payroll Deposit
Have your employer deposit your paycheque directly into your account and you’ll have convenient access to your money. Plus, you’ll earn 10,000 PC points5 just for setting it up!
Automatic Bill Payments
Pay your bills simply by setting the amount of money you want debited from your account and then arrange for the payment to be automatically withdrawn.
Pre-authorized Bill Payments
Authorize billing companies to automatically debit the entire amount owed on your account whenever your bill is due to help ensure timely payment.
Paying your PC® MasterCard®
When you open a no fee bank account, you can set up the PC MasterCard as a bill payment online or over the telephone.
Personal Finance Manager (PFM) Integration
If you use Quicken or Microsoft Money to manage your personal finances, you can easily download your account information into the programs for free.
View and print online versions of your account statements for any of the last 13 months. For a low monthly fee, your account statements can be mailed to you.
Here’s another great feature you’re sure to appreciate:
For a low fee, you can use INTERAC® e-Transfer to transfer funds between accounts, or send money to friends and family.
5 PC points will be awarded within 4-8 weeks after your first deposit. Offer available to new and existing customers who are setting up payroll or pension deposit for the first time. Cannot be combined with any other offer. For details and form, ask your personal banking representative at an in-store pavilion.
Beyond your day-to-day banking requirements, you may occasionally require special banking services. The cost of these special requests as well as any other additional charges are outlined below.
• Any additional charges relating to a specific product are disclosed separately.
• Please note that these special requests and additional charges may change from time to time. We will mail you a notice of the change at least 30 days before it is effective or otherwise advise you (such as posting a notice online) at least 60 days before a change becomes effective.
These costs are effective April 1, 2012
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1 The President's Choice Financial no fee bank account is currently unavailable in Quebec.
2 Earn 5 PC points for every dollar spent with your card at participating stores where President's Choice products are sold. Minimum redemption 20,000 PC points (= $20 free rewards) and in increments of 10,000 PC points thereafter. Some redemption restrictions apply; for details and more ways to earn PC points, visit pcpoints.ca.