Is PC money account a bank account?

Is PC money account a bank account?

The PC Money Account is a no-fee bank account that combines the functions of a chequing account and prepaid Mastercard. The account comes with no monthly fees, no minimum balance requirements, unlimited bill payments, and unlimited Interac e-Transfers.

What bank is PC Financial associated with?

President’s Choice Bank
President’s Choice Financial Mastercard credit cards are issued by President’s Choice Bank, a subsidiary of Loblaw Companies.

Is Simplii financial same as PC Financial?

Simplii Financial and PC Financial are popular online banks in Canada. If you owned a PC Financial chequing account prior to November 2017, that account is now under Simplii Financial, while your PC credit card stayed with PC Financial.

Is the PC money account worth it?

PC Money Account features: the good It has no monthly fees and offers free unlimited everyday transactions, including cash withdrawals (from PC Financial ATMs or at point of purchase), bill payments, account-to-account transfers and Interac e-Transfers.

How do I deposit cash into PC Financial?

How do I add money to my account using online bill payment?

1. Log into your other bank and go to the “bill payments” section.
2. Add “PC Financial Mastercard” as a payee.
3. Enter your 16-digit PC Money Account card number and save it as a new payee.
4. Make a bill payment to add money to your PC Money Account.

Can you use PC money account online?

The new PC Money Account features a prepaid Mastercard that can be used for both in-person and online purchases wherever Mastercard is accepted. And the fact that you can earn points with the card makes it a stand-out from other traditional prepaid card products out there.

Is PC Financial owned by CIBC?

The company kept control of its PC Mastercard business, which has more than three million clients. But about two million clients who had PC bank accounts were moved to Simplii Financial, a new digital-banking brand owned by CIBC, and PC Financial received compensation in return.

Does PC Financial Still Exist?

In a nutshell, President’s Choice Financial will keep the PC Financial MasterCard credit card service and the PC Plus loyalty program, while the two million PC Financial banking customers will move to CIBC’s new service called Simplii Financial.

Is Simplii and PC the same?

How do I set up Simplii online banking?

Once your account is activate, choose a password to register. Have your debit card with you and follow the instructions. Register for online banking.

How much can I withdraw from PC money account?

Yes, your PC Money Account has the Mastercard® logo, a $250 tap limit and you can use it anywhere Mastercard® is accepted, but it’s actually used like a bank account.

Why choose PC Financial online banking?

Choosing a bank is one of the most important decisions you can make for your finances. Personally, I use PC Financial online banking for the no-fee account, but there are plenty of other banking options available with PC Financial online as well.

Why choose President’s Choice Financial online banking?

My main reason for turning to President’s Choice Financial online banking is that, similar to Tangerine Bank, I like the convenience and low cost. I like using the no-fee daily banking account.

What is the President’s Choice Financial MasterCard?

The President’s Choice Financial Mastercard helps you earn PC Optimum points faster, and comes with reasonable terms. PC Financial offers a great example of how online banking can provide you with everything that you need to keep your finances on track.

What is happening to PCPC financial?

PC Financial is changing. It will now be an online bank called Simplii owned and run by CIBC. It will not be connected to Loblaws, No Frills, Superstore or any other grocery stores any more. The in-store pavilions will be gradually closed. After the transition, it’s possible CIBC will make changes to how the bank is run.