Skip to content
PC Financial®
Open account (opens in a new window)External link
Open account (opens in a new window)External link

NEW! Unlock our best everyday interest rate of * with:

The PC Money™ Account

  • Inverted Purple Checkmark Icon
    No monthly fee
  • Inverted Purple Checkmark Icon
    No minimum balance
  • Inverted Purple Checkmark Icon
    No time commitment
  • Inverted Purple Checkmark Icon
    No foreign exchange transaction fee

Open account (opens in a new window)External link
PC Money Account
Special offer

Earn a welcome offer of 100,000 bonus PC Optimum™ points**. That’s like $100!

100K PC Optimum™ points welcome offer:

Earn

100,000 points

Earn 100,000 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.

See terms and conditions* for details.

PC Money Account

No monthly
fee1

and no minimum balance required.

Free unlimited transactions2

for everyday online and in-store purchases, plus free Interac e-Transfer® services and no foreign exchange transaction fee.

Unlimited
earning potential

when you spend or save.

One account. Two great ways to get rewarded.

  • PC Money Account

    New! Savings

    Reach your savings goal faster with no catches, including:

    • Our best everyday rate of *
    • No minimum balance
    • No time commitment
    • Start earning interest from day 1

      • 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 continuously 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 commitment required.

      How to calculate your interest

      For example, with a interest rate, a $10,000 deposit will earn you $310 in one year. Since interest is calculated daily and paid monthly on your savings balance, you will receive $25.83 monthly.

  • Spending

    Earn PC Optimum™ points for everyday banking. That is:

    • Up to 5,000 points per month3 on payroll or pension direct deposits
    • Up to 5,000 points per month4 on bill payments
    • 10 points per $15 at Loblaw banner grocery stores6
    • 25 points per $17 at Shoppers Drug Mart® stores
    • 5 points per $15 everywhere else
Canada Deposit Insurance Corporation (CDIC) Deposit Protection

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

Our best everyday interest rate of * gives you more value

We did the math! See how we compare to other banks when you save $10,000 over a 12-month period.8

PC Money Account

Join thousands of customers earning over $700 in value every year.†

  • Estimate of $285 in interest earned per year on savings.

  • Estimate of $80 in points per year when you spend.

  • Up to $60 in points per year when you set up and use payroll or pension direct deposit.

  • Up to $60 in points per year when you pay bills.

  • Estimate of $12 saved per year in foreign exchange transaction fees.

  • Up to $203 saved in fees per year when you switch from a monthly fee account.

PC Money Account

Loved and trusted by many.

I'm glad I got the PC Money Account. Within the last 3 weeks I've gotten nearly $80 in points with the purchases I've made and my pay being deposited.

- Lisa-Nassy

On my way to my first million points with my PC Money Account and PC Mastercard (opens in a new window)External link! What's not to love? No monthly fee or annual fee, points everywhere, every time! Great way to budget as well!

- Vito

If you use the PC Mastercard (opens in a new window)External link for most purchases monthly and pay it off monthly, it does help financially! By the end of November, I saved up over $1000 in free groceries and used them during the month of December! It’s a win for us!

- Shannon

PC Money Account
PC Money Account

Winner of the Best Rewards Bank Account for 2024 by MoneySense.9

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

Open a PC Money™ Account (opens in a new window)External link

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 for the savings feature?

Our best everyday interest rate
With the PC Money™ Account savings feature, you’ll earn a competitive, everyday interest rate that isn’t promotional. This rate is designed to help you grow your savings over time, so your money goes further. Some banks offer promotional rates, they start with a high rate and drop sharply after a few months. But with the savings feature, you don’t have to worry about any dramatic drops or expiration.

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 like a monthly fee, a minimum balance or a commitment required

How to calculate your interest
For example, with a interest rate, a $10,000 deposit will earn you $310 in one year. Since interest is calculated daily and paid monthly on your savings balance, you will receive $25.83 monthly.

To review the latest rates available visit https://www.pcfinancial.ca/en/legal-stuff/pcsavings-interest-rates/.

More FAQs

Loved and trusted by many.

I'm glad I got the PC Money Account. Within the last 3 weeks I've gotten nearly $80 in points with the purchases I've made and my pay being deposited.

- Lisa-Nassy

On my way to my first million points with my PC Money Account and PC Mastercard (opens in a new window)External link! What's not to love? No monthly fee or annual fee, points everywhere, every time! Great way to budget as well!

- Vito

If you use the PC Mastercard (opens in a new window)External link for most purchases monthly and pay it off monthly, it does help financially! By the end of November, I saved up over $1000 in free groceries and used them during the month of December! It’s a win for us!

- Shannon

Opens in a new tab