The PC Money™ Account: Short Stories of Long-Term Partnership
In the bustling town of Everyday Life, where residents are always on the hunt for more value, lives Alex, Beth, and Chris. They’re very different people, who share a common goal: to make their money go further every day. In the chaos of seeking that “rewarding banking partnership”, they found their match in the PC Money™ Account—all for very different reasons.
Meet Alex, the ultimate value seeker. Being a loyal user of the PC® Mastercard®, he was no stranger to the world of value that could be unlocked with PC Optimum™ points. But oh, how he craved more! Wanting to deliver more for his family, Alex switched from his regular bank account to the PC Money™ Account during his search for opportunities to get rewarded for the things he’s already doing.
What matters most to him is simplicity and efficiency when managing his finances. For Alex, the PC Money™ Account wasn’t just a bank account; it became the perfect complement to his everyday shopping using his PC® Mastercard®. By discovering ways of earning points on things he didn’t before—like on bill payments1 for his phone bill, utilities, and even paying off his PC® Mastercard® - his PC Money™ Account helped him earn more value on his everyday spending. By setting up his payroll for direct deposit into his PC Money™ Account, he earned even more points2 for basic banking activities, all without stressing over whether he’s able to maintain a minimum account balance each month.
Besides how his PC Money™ Account rewarded him without demanding much, what truly enchanted Alex were additional features, like easily monitoring his funds within the PC Financial® app and transferring them from his external bank account to his PC Money™ Account seamlessly. He also had the security of knowing that President’s Choice Bank is a member of the Canada Deposit Insurance Corporation (CDIC). This means that any deposit he makes under this account is eligible for CDIC protection up to $100,000, per insured category per depositor. It was like finding peace of mind and ease of banking, all at his fingertips, centralizing everything he already loved about his PC® Mastercard®, PC Money™ Account and the PC Optimum™ program.
Now, let's turn the page and meet Beth, a vibrant 24-year-old woman who’s navigating the ins and outs of adulthood. As she seeks simplicity amidst the chaos, the PC Money™ Account fits her life perfectly, living up to her expectations of a banking partner that’s equal parts convenient and rewarding.
Beth prefers using an account that rewards3 her for her everyday spending, so the PC Money™ Account came in as a major win. From shopping for essentials to splitting bills with her roommate, her PC Money™ Account is her go-to banking tool. Beth’s always hustling, and now she finally has a bank account to match. On top of her 9-5, she earns a few extra dollars on the side by dog sitting. By having those earnings seamlessly deposited into her PC Money™ Account and topping up her account with Interac e-Transfer® deposits, Beth effortlessly manages her finances. Now she can earn points on her everyday purchases3 (and occasional shopping sprees 😉). What really won Beth over to her PC Money™ Account was how easy it all felt. Being able to see how quickly those points racked up every month, being able to redeem her PC Optimum™ points4 on grocery runs, and the cherry on top: no monthly fee5 and free unlimited everyday transactions6. Beth is now empowered to take on more financial responsibility, and even be at peace through it all with the financial flexibility that comes with Overdraft Protection (opens in a new window) for times when she needs a safety net. The tools that helped her earn rewards on everyday banking and spending were the same ones that helped her develop a newfound sense of independence, all while living within her means.
And then, there's Chris. Chris is 33, lives with Alfie, a 7-year-old Persian shorthair cat, and together they lead a pretty no-fuss, no-frills kinda life. When Chris first got his PC Money™ Account, he wasn't ready to commit to it full-time since he still had some accounts with another bank, but after earning rewards on every dollar of his purchases, it became clear that the PC Money™ Account was an indispensable part of his financial toolkit.
With a knack for efficiency and love for rewards, Chris links his external bank account to his PC Money™ Account and strategically transfers funds at the start of each month to streamline bill payments (like pet insurance) and maximize his banking rewards by earning PC Optimum™ points. His calculated approach allows him to earn over $60 in points a year, just by taking advantage of PC Money™ Account benefits like points for his everyday banking activities including paying bills1 and purchases3.
Now, with his financial routine optimized and rewards effortlessly rolling in, Chris spends his time relaxing with Alfie, content knowing that this newfound value lets him enjoy life’s simple pleasures like spoiling his furry friend!
So, whether it’s value, convenience or financial flexibility, why not write your own story with the PC Money™ Account?
Sign up (opens in a new window) to experience the start of something special with this everyday banking partner now and get up to $400 in average annual value* along the way. Because every long-term partnership deserves value that lasts.
General information not about PC Financial® products is provided for your reference and interest only. The above content is intended only to provide a summary and general overview on matters of interest and is not a substitute for and should not be construed as the advice of an experienced professional. PC Financial® does not guarantee the currency, accuracy, applicability, or completeness of this content.
1Earn a bonus of 1,000 PC Optimum™ points for each of up to five bill payments of $50 or more to unique payees, per calendar month, made using a valid PC Money™ Account. Bonus points will be awarded to your PC Optimum™ account within 2-3 weeks of a successful bill payment.
2Earn a monthly bonus of up to 5,000 PC Optimum™ points when you deposit funds to your PC Money™ Account using automatic payroll or pension direct deposits. Payroll or pension deposits totaling between $1,500 and $2,999 within a calendar month will earn a bonus of 2,000 PC Optimum™ points, and deposits totaling greater than $2,999 will earn an additional bonus of 3,000 PC Optimum™ points, for a maximum monthly bonus of 5,000 PC Optimum™ points. Limited to one bonus per customer, per month, even if you have multiple PC Money™ Accounts. The classification of a direct deposit as a payroll or pension direct deposit is determined solely by President’s Choice Bank. Interac e-Transfer® services, electronic funds transfers, and other forms of deposits or transfers to your account do not count towards this bonus. Bonus points will be awarded to your PC Optimum™ account within 2-7 business days of when you meet the minimum direct deposit amount(s).
3Earn at least 5 PC Optimum™ points per dollar on qualifying purchases with your PC Money™ Account, wherever your card is accepted. Earn 10 PC Optimum™ points (5 regular PC Optimum™ points plus a bonus of 5 PC Optimum™ points) per dollar on qualifying purchases at participating Loblaw banner stores, Shoppers Drug Mart® stores, Joe Fresh® stores, and Esso™ and Mobil™ stations in Canada. Bill payments, electronic funds transfers, account fees and interest are not qualifying purchases for the purpose of earning PC Optimum™ points. PC Optimum™ points will be deducted for any credits or returns. President's Choice Bank reserves the right to cancel, change or extend regular and bonus points earning rates at any time. Account must be in good standing at time of qualifying transaction and awarding of points.
4Minimum redemption is 10,000 PC Optimum™ points (worth $10 in rewards) and in increments of 10,000 points thereafter at participating stores where President's Choice® products are sold. Some redemption restrictions apply; visit pcoptimum.ca (opens in a new window) for details, participating stores and full loyalty terms and conditions.
5Information about fees for special requests and services for the PC Money™ Account is available here (opens in a new window).
6Everyday transactions include an unlimited number of completed electronic fund transfers, withdrawals at PC Financial® bank machines, self serve bill payments and purchases in Canadian dollars. For information about daily and transactional dollar value limits on everyday transactions, and fees for other available transactions/services, please see here (opens in a new window).
*Value shown is for illustrative purposes only; results may vary based on individual purchase behaviour. The total value in switching from an account that charges a monthly fee to a no monthly fee PC Money™ Account could be up to $400 annually:
• Up to $60 in points annually: Earn a monthly bonus of up to 5,000 PC Optimum™ points when you deposit funds to your PC Money™ Account using automatic payroll or pension direct deposits. Payroll or pension deposits totaling between $1,500 and $2,999 within a calendar month will earn a bonus of 2,000 PC Optimum™ points, and deposits totaling greater than $2,999 will earn an additional bonus of 3,000 PC Optimum™ points, for a maximum monthly bonus of 5,000 PC Optimum™ points. Limited to one bonus per customer, per month, even if you have multiple PC Money™ Accounts. The classification of a direct deposit as a payroll or pension direct deposit is determined solely by President’s Choice Bank. Interac e-Transfer® services, electronic funds transfers, and other forms of deposits or transfers to your account do not count towards this bonus. Bonus points will be awarded to your PC Optimum™ account within 2-7 business days of when you meet the minimum direct deposit amount(s).
• Up to $60 in points annually: Earn a bonus of 1,000 PC Optimum™ points for each of up to five bill payments of $50 or more to unique payees, per calendar month, made using a valid PC Money™ Account. Bonus points will be awarded to your PC Optimum™ account within 2-3 weeks of a successful bill payment.
• Up to $80 in points annually when you use the PC Money™ Account as your primary spending account: Spending estimate of $1,166.67 monthly (with 15% spent at eligible stores and 85% spent everywhere else) is based on 2023 annual purchase data of PC Money™ Account holders who use the account as their primary spending account. Earn at least 5 PC Optimum™ points per dollar on qualifying purchases with your PC Money™ Account, wherever your card is accepted. Earn 10 PC Optimum™ points (5 regular PC Optimum™ points plus a bonus of 5 PC Optimum™ points) per dollar on qualifying purchases at participating Loblaw banner stores, Shoppers Drug Mart® stores, Joe Fresh® stores, and Esso™ and Mobil™ stations in Canada. Bill payments, electronic funds transfers, account fees and interest are not qualifying purchases for the purpose of earning PC Optimum™ points. PC Optimum™ points will be deducted for any credits or returns. President's Choice Bank reserves the right to cancel, change or extend regular and bonus points earning rates at any time. Account must be in good standing at time of qualifying transaction and awarding of points. Value shown is for illustrative purposes only; results may vary based on individual purchase behaviour.
• Up to $200 in savings annually: Savings on monthly fees based on an average of moderately priced, unlimited transaction chequing accounts at the big 5 Canadian banks. Some banks may rebate or waive monthly fees for customers who hold multiple products or maintain a minimum account balance each month.
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