The PC Money Account uses a Mastercard-branded payment card rather than a conventional Interac debit card. Cheque writing and deposit are unavailable.
Its 2.2% rate applies only to money moved into the optional Savings Balance, not the everyday spending balance. Withdrawals and cash deposits are free at more than 740 PC Financial bank machines; other ATM fees can apply.
Qualifying card purchases earn PC Optimum points. Incoming and outgoing wire-transfer support was not established by the reviewed official product page or account agreement.
UnlimitedInterac e-Transfers are included without a per-transfer fee or monthly account allowance.
Card and payments
Payment card
YesThe PC Money card uses the Mastercard payment network rather than Interac debit.
ATM and branch access
ATM access
YesWithdrawals and cash deposits are free at more than 740 PC Financial bank machines; fees can apply at other ATMs.
Branch access
NoThe account is managed through PC Financial's digital and support channels rather than a retail branch network.
Cheques and ownership
Cheque support
NoThe account does not support writing or depositing cheques.
Joint account
UnknownJoint-account support was not established by the reviewed material.
Interest
Interest rate
2.2%The optional Savings Balance earns a variable 2.2% annual rate calculated daily and paid monthly; the spendable PC Money balance does not earn this rate.
Deposit protection
Eligible deposits are held directly at President's Choice Bank; a CDIC member; subject to CDIC limits and categories.
