Skip to content
PC Financial®
PC® Mastercard®PC Insiders™ World Elite Mastercard®Compare credit cards
PC Money™ AccountFund Days Contest
About UsPC OptimumDigital BankingCareers
FAQsBlogLearning HubRefer a FriendFind an ATMContact Us
Sign in (opens in a new window)
  • Learning Hub
  • FAQs
  • Managing your account
Search

Should I pay off my Overdraft Protection balance on time? What happens if I miss a payment?

When you're in overdraft, you should pay off your overdraft balance as quickly as possible. If you miss a payment, you will be charged interest on your outstanding overdraft balance and could be charged an additional fee if you remain in overdraft in the following month. You can pay off your overdraft balance by funding your account with an Interac e-Transfer®, or through a linked bank account.

Steps to send yourself an Interac e-Transfer®

  1. Send an Interac e-Transfer® from your external bank, inputting your own information

  2. When you get a text or email to deposit your Interac e-Transfer®, select your PC Financial account

  3. Follow the onscreen instructions to deposit your Interac e-Transfer®

Steps to link an external account

  1. Log in to your PC Financial mobile app or online account

  2. The pay and fund button (the "+" on your mobile app)

  3. Click Move Money

  4. Click Link External Account, and follow on screen instructions to enter the account information

  5. Wait up to 3 business days until your micro deposits show up in your linked account

  6. Follow the same steps to view and verify your account

Helpful tip

If you're funding your account from an external account, remember to request 2-3 business days prior to when you expect to go into overdraft to ensure the funds deposit into your account on time.

Was the info helpful?

Related questions

  • Can I see a breakdown of how many points I earned from Loblaw banner stores and Shoppers Drug Mart® stores with my PC Insiders™ World Elite® Mastercard®?
  • What should I do if my card is lost, stolen or damaged?
  • What is a 2 step verification?
  • How do I sign in for the first time?
  • How do I protect the security of my PIN?
Opens in a new tab
PC Financial®
Download on the App Store (opens in a new window)Get it on Google Play (opens in a new window)
Facebook (opens in a new window)Twitter (opens in a new window)Instagram (opens in a new window)LinkedIn (opens in a new window)Pinterest (opens in a new window)
This icon serves as a link to download the eSSENTIAL Accessibility assistive technology app for individuals with physical disabilities. It is featured as part of our commitment to diversity and inclusion.Assistive technology (opens in a new window)Canada Deposit Insurance Corporation (CDIC) Deposit Protection (opens in a new window)
About UsContact UsFAQsBlogMedia Centre
CareersSecurity and FraudCDIC MemberLegal & PrivacyWebsite Terms of Use
AccessibilitySocial Responsibility (opens in a new window)External linkPCOptimum.ca (opens in a new window)External linkPresident’s Choice (opens in a new window)External linkPC Mastercard

President's Choice Financial Mastercard is provided by President's Choice Bank. PC Optimum program is provided by President’s Choice Services Inc.