What is a PC Money™ Account?

The PC Money™ Account is an account that works like debit, and rewards you every time you use it to make a purchase. Accepted everywhere Mastercard® is, this no monthly fee account gives you unlimited everyday transactions and rewards you with 10 PC Optimum points on every $1 you spend on purchases.

How does the PC Money™ Account differ from a conventional debit account?

The PC Money™ Account is an online self-service money management account. This means you can pay bills (including using direct debits for expenses such as gym memberships or utility bills) and make interbank funds transfers. You earn PC Optimum points every time you use your card to make a purchase online or in-store. You can use your card everywhere Mastercard® is accepted, including online and when travelling abroad. However, you cannot write or deposit cheques or use your card at merchants who do not accept Mastercard® payments.

How can I transfer funds to another financial institution's account?

You can transfer funds by linking an external account, or by sending yourself an Interac e-Transfer®. Sending yourself an Interac e-Transfer® is the fastest way to fund your account. Linking an external account may take up to 3 business days.

Do I earn PC Optimum points on my PC Money™ Account?

Your PC Money™ Account earns you 5 regular PC Optimum points plus 5 bonus PC Optimum points* for every $1 of your purchases, everywhere Mastercard® is accepted. Don't forget to link your card with your PC Optimum account to earn more points with your personalized offers at participating stores. * Earn 5 regular PC Optimum points per dollar spent in addition to earning 5 bonus PC Optimum points per dollar spent with your PC MoneyTM account. President's Choice Bank reserves the right to cancel, modify or extend regular and bonus point earning rates starting September 30, 2021. In the event of a return of merchandise, PC Optimum points will be deducted from your account. Your account must be in good standing at the time of the eligible transaction and point attribution. Redemption is possible at participating stores that carry President's Choice® products starting at 10,000 PC Optimum points (equivalent to $10 in rewards) or in further increments of 10,000 points. Certain restrictions apply upon redemption; visit pcoptimum.ca for more details as well as the list of participating stores and loyalty program terms and conditions.

Are my money and account secure?

Yes. President’s Choice Bank is a member of the Canada Deposit Insurance Corporation (CDIC), which means your deposits are eligible for insurance up to a maximum of $100,000 per financial institution. We also use 2-factor authentication and encryption, helping keep your account and money secure. If you suspect suspicious activity on your account, you can easily lock and unlock your card online or in the PC Financial application.