* interest on your savings. No catches.
No monthly fee- No time commitment
- No minimum balance
You get $50 in PC OptimumTM points offer** when you open an account.
Spend for PC OptimumTM points.
Save with high interest.
One application gets you everything you need, plus extra perks just for fun.
Spending Spending
Rack up PC OptimumTM points with every banking transaction and purchase you make.
Up to 10,000 points per month when you set up payroll direct deposits1 and make bill payments2
25 points per $13 at Shoppers Drug Mart® stores
Up to 10 points per $1 everywhere else4
Free Interac e-Transfers and no foreign exchange transaction fees for shopping abroad5
+ Savings New!
Reach your savings goal with no catches.
Our best everyday rate of *
No minimum balance means everyone qualifies regardless of their balance
No time commitment means you can always access your funds
No monthly fee6 means you keep more of your money
President’s Choice Bank is a member of the Canada Deposit Insurance Corporation (CDIC).
Your rewards are waiting
Start a PC MoneyTM Account applicationThen you can earn points when you spend and bank.
Add the optional savings featureAll you need is your Social Insurance Number (SIN)
Automatically earn our everyday * interestAnd watch your savings balance grow from day one, with no promotional end date.
Pro Tip: Add your card to your mobile wallet after opening your account to make banking even easier.
Winner of the Best Rewards Bank Account for 2025 by MoneySense7
Join thousands of customers
earning over $700 in value every year.^
Bank with confidence
Multi-factor authentication
An added layer of security.
Card lock ability
In case of a lost or stolen card.
Security notifications
So you’re informed on account activities.
Mastercard® Zero Liability Promise8
For unauthorized purchases.
FAQs
What is the PC Money™ Account?
PC Money™ Account is the only no monthly fee bank account that rewards you with PC Optimum™ points for your everyday banking and spending, and lets you earn interest on your savings balance.
You can use your PC Money™ Account for all your banking activities like making everyday purchases, ATM withdrawals, bill payments, Interac e-transfer services, setting up pre-authorized payments and debits and for receiving your payroll or pension direct deposits.
The PC Money™ Account also comes with an optional savings feature that allows you to earn interest on your savings balance. This feature is available to both existing and new customers.
How do I open a PC Money™ Account?
Applying for a PC Money™ Account is quick and easy. All you need to do is complete this application.
What you need to know to get started
Be a resident of Canada: The PC Money™ Account is only available to residents of Canada.
You'll need to be a minimum of 16 years old at the time of your application
Have your SIN ready: This is required if you add the savings feature to your PC Money™ Account.
You’ll also require information about your occupation or employment status
How is PC Money™ Account different from other bank accounts?
The PC Money™ Account is the only bank account that offers you two different ways to get more from your money. Earn PC Optimum™ points on your everyday banking and spending transactions, while also earning interest on your savings balance. With just one account, you get the best of both worlds. You can also use your card everywhere Mastercard® is accepted, including online and when travelling abroad. However, you can’t write or deposit cheques, or use your card with merchants that don’t accept Mastercard® payments.
What is the new savings feature?
It is a new optional feature that is available with the PC Money™ Account, that helps you grow your savings by earning interest on every dollar you save. You can add it to your account during your application as a new customer, or through your PC Financial® app or online account as an existing customer. With the savings feature added to your PC Money™ Account, you now earn interest while you save and you still earn PC Optimum™ points when you spend. So, whether you bank or save, it’s a win-win!
What is the interest rate on Savings?
We start with our best everyday interest rate
You’ll earn our competitive everyday interest rate with the PC Money™ Account Savings feature. This rate is designed to help you grow your savings steadily over time.
While we remain committed to providing you with our best possible rate, we review our rate regularly and adjust it based on changes to the Bank of Canada’s rate. As a result, it may change from time to time.
Get the bonus interest rate to grow your Saving faster
If you qualify for the bonus interest rate, an additional 0.7%* will be added on top of your everyday rate during the offer benefit period.
How to calculate your interest
For example, with a 2.2% interest rate, a $10,000 deposit will earn you $220 in one year.
Since interest is calculated daily and paid monthly on your Savings balance, you will receive $18.33 monthly.
To review the latest rates available, visit pcfinancial.ca