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Are my deposits on PC Money™ Account spending and savings balances covered by CDIC?

Yes. President’s Choice Bank is a member of the Canada Deposit Insurance Corporation (CDIC). The PC Money™ Account product is eligible for deposit insurance from the CDIC. CDIC protects eligible deposits to a maximum of $100,000 per depositor and per insured category. For more details, refer to the CDIC website (opens in a new window)External link.

Related questions

  • What is the interest rate for the savings feature?
  • Do I pay a fee when I make transactions in a foreign currency with my PC Money™ Account?
  • What Is the new Savings feature?
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  • How do I transfer or add funds into my PC Money™ Account from another financial institution?
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President's Choice Financial Mastercard is provided by President's Choice Bank. PC Optimum program is provided by President’s Choice Services Inc.