PC Money™ Account
NEW! Earn interest on savings1

The only bank account that earns you points for spending and interest on your savings, with no monthly fee and no minimum balance - get up to $700 in average annual value.2

Special offer

Earn a welcome offer of 150,000 bonus PC Optimum™ points.* That’s like $150!

150K PC Optimum™ points welcome offer:

Earn

150,000 points

Earn 150,000 bonus PC Optimum™ points with a welcome offer when you open a PC Money™ Account and set up a min. of $1,500 in payroll or pension direct deposits for 3 consecutive months.

Offer ends November 30th, 2024. See terms and conditions* for details.

No monthly
fee3

and no minimum balance required.

Free unlimited transactions4

for everyday online and in-store purchases, plus free Interac e-Transfer® services.

Unlimited
earning potential

when you spend or save.

Two great ways to earn with your
PC Money™ Account.

Whether you’re spending or saving it’s a win-win!

  • Spending

    Earn PC Optimum™ points for your everyday banking including up to 10K points per month for payroll or pension direct deposit and paying bills, plus up to 10 points per dollar when you shop.

    PC Money™ Account

    Payroll or pension direct deposit

    Up to 5000 PC Optimum™ points per month5

    Bill payments

    Up to 5000 PC Optimum™ points per month6

    Loblaw banner grocery stores7

    10 PC Optimum™ points per $18

    Shoppers Drug Mart® stores

    Up to 25 PC Optimum™ points per $19

    Everywhere else

    5 PC Optimum™ points per $18

  • NEW! Savings

    Earn interest1 and grow your savings balance with the optional savings feature. Enjoy our best everyday rate with no monthly fees, no minimum balance, no term required and no catches.

    • For Quebec Residents: The savings feature is coming soon. You can still open a PC Money™ Account and start earning points.

    PC Money™ Account savings feature.

    Our best everyday rate

    The savings feature offers a competitive, everyday interest rate that isn’t promotional. This means you can consistently grow your savings without worrying about any dramatic rate drop after a few months.

    While this rate isn't promotional, it is subject to change. We remain committed to providing you with our best possible rate, taking into account the Bank of Canada’s rate movements.

    No catches, just rewards

    You can enjoy everyday growth on your savings balance with no catches! Unlike many banks, our rate is not subject to additional conditions. Meaning – no monthly fees, no minimum balance and no required terms.

    How to calculate your interest

    For example, with a 4.25% interest rate, a $10,000 deposit will earn you $425 in one year. Since interest is calculated daily and paid monthly on your savings balance, you will receive $35.41 monthly.

Get up to $700 in average value every year. That’s:

  • Inverted Purple Checkmark IconUp to $60 in points per year when you pay bills.
  • Inverted Purple Checkmark IconUp to $60 in points per year when you set up and use payroll or pension direct deposit.
  • Inverted Purple Checkmark IconUp to $80 in points per year when you spend.
  • Inverted Purple Checkmark IconEstimate of $300 in interest earned per year on savings.
  • Inverted Purple Checkmark IconUp to $200 saved in fees per year when you switch from a monthly fee account.

How your PC MoneyTM Account works:

Spending

  • Fund instantly with Interac e-Transfer® deposit or set up payroll direct deposit.
  • Pay your bills or set up a pre-authorized debit.
  • Earn points on every dollar when you shop.
  • Redeem10 your earned points at over 4500 stores.

New! Savings

  • Transfer funds from your spending balance to your savings balance within your account.
  • Earn interest daily, paid monthly on your savings balance.
  • To access funds in your savings balance, transfer funds back to your spending balance.

Winner of the best rewards bank account for 2024 by MoneySense.11

Bank with confidence

  • Inverted Purple Checkmark IconMastercard® Zero Liability Promise12: for unauthorized purchases.
  • Inverted Purple Checkmark IconMulti-factor authentication: Verify your account access with added security.
  • Inverted Purple Checkmark IconCard lock: Easily lock your card temporarily through the PC Financial® app if lost or stolen.
  • Inverted Purple Checkmark IconSecurity notifications: Enable alerts to stay informed about account activities.

Canada Deposit Insurance Corporation (CDIC) Deposit Protection

President’s Choice Bank is a member of the Canada Deposit Insurance Corporation (CDIC).

Enjoy cash on the go.

Find an ATM from one of over 750 locations across Canada.

Ready to earn points for spending and interest on your savings?

FAQs

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