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PC Insiders™ World Elite® Mastercard®

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Get $20 in PC OptimumTM points*

PC MONEY ACCOUNT

PC MoneyTM AccountBonus Interest Rate
Get up to 2.9%*

interest on your savings balance. You earned it.

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PC Optimum™ ProgramNew! Pay with points

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Offer ends February 11, 2026

Boost your savings to 2.9%*

Enjoy our best everyday rate of * when you open Savings. Plus, unlock the new bonus interest rate** of 0.7%* when you set up direct deposit. It’s like giving your paycheque a promotion.

Offer ends February 11, 2026

Open account (opens in a new window)

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 fees.

Unlimited
earning potential

when you spend or save.

How it works

Two great ways to earn with your
PC Money™ Account.

Whether you’re spending or saving it’s a win-win!

  • Spending

    Earn PC Optimum™ points for your everyday banking including up to 10K points per month for payroll or pension direct deposit and paying bills, plus up to 10 points per dollar when you shop.

  • NEW! Savings

    Earn interest* and grow your savings balance with the optional savings feature. Enjoy our best everyday rate with no monthly fees, no minimum balance, no commitment required and no catches.

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

PC Money Account
  • Inverted Purple Checkmark Icon
    Estimate of $286 in interest earned per year on savings.
  • Inverted Purple Checkmark Icon
    Estimate of $80 back in points per year when you spend.
  • Inverted Purple Checkmark Icon
    Up to $60 back in points per year when you set up and use payroll or pension direct deposit.
  • Inverted Purple Checkmark Icon
    Up to $60 back in points per year when you pay bills.
  • Inverted Purple Checkmark Icon
    Estimate of $12 saved per year in foreign exchange transaction fees.
  • Inverted Purple Checkmark Icon
    Up to $203 saved in fees per year when you switch from a monthly fee account.

How your PC MoneyTM Account works:

Spending

  • Fund instantly with Interac e-Transfer® deposit or set up payroll direct deposit.
  • Pay your bills or set up a pre-authorized debit.
  • Make purchases anywhere in the world without foreign exchange transaction fees.
  • Earn points on every dollar when you shop.
  • Redeem8 your earned points at over 4500 stores.
PC Money Account

New! Savings

  • Transfer funds from your spending balance to your savings balance within your account.
  • Earn interest daily, paid monthly on your savings balance.
  • To access funds in your savings balance, transfer funds back to your spending balance.
Open a PC Money™ Account (opens in a new window)External link
PC Money Account

Winner of the Best Rewards Bank Account for 2025 by MoneySense.9

Bank with confidence

  • Inverted Purple Checkmark Icon
    Mastercard® Zero Liability Promise10: for unauthorized purchases.
  • Inverted Purple Checkmark Icon
    Multi-factor authentication: Verify your account access with added security.
  • Inverted Purple Checkmark Icon
    Card lock: Easily lock your card temporarily through the PC Financial® app if lost or stolen.
  • Inverted Purple Checkmark Icon
    Security notifications: Enable alerts to stay informed about account activities.

Learn more
Canada Deposit Insurance Corporation (CDIC) Deposit Protection

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

Enjoy cash on the go.

Find an ATM from one of over 750 locations across Canada.

Locate an ATM near you

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

More FAQs

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

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

Rewarding Reads: PC Financial® Blog

  • A PC Money Account card on top of a mobile wallet with PC Optimum points popping up

    Here's why the PC Money™ Account is worth it!

  • A human-sized PC Money Account card sits on a couch.

    The PC Money™ Account: Short Stories of Long-Term Partnership

    By PC Financial Team

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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.