The President's Choice idea was developed by a brilliant group of food-inspired people who have thought back in the mid-80s that Canadians are worthy of having better quality food preferences for their hard-earned dollars. The premise was plain as they will create unique or superior products that provide better value to our shoppers. The plan may have been straightforward, but few could have expected how Canadian consumers would come to love the President's Choice brand making it one of Canada's famous trademarks.

Interest Plus™ Savings Account

The Interest Plus savings account put in together the flexibility of a savings account with benefits such as those of an investment account to aid you save for what you desire at present, tomorrow or in the near future. When you maintain a daily balance of over $1,000.00, you will earn a viable interest rate as well as an anniversary bonus interest. With that, your money works harder in helping you put aside some cash for future needs.

With Mutual Funds, you can earn money quickly. It is not simple to get a mutual fund that tries to make the most of the return on your investment not costing you extra money. However, it is achievable, as CIBC Securities Inc offer a special mutual fund. It is made available solely for customers of President's Choice Financial® services. With their services, customers now have the chance to invest in a large family of index funds from CIBC Securities Inc. at a special low cost after a management fee rebate.

President’s Choice Financial MasterCard

When you make use of your President's Choice Financial MasterCard for your everyday shopping, you will earn PC® points and eventually get free groceries and a lot more. The more you utilize your card, the more PC points you will accumulate. You will receive 10 PC points for each dollar you have spent regardless where you have shopped. You can put aside some money as the card does not have any annual fee. New cardholders can take pleasure in the low balance transfer rate of 0.97% for 6 months. You can check out faster at the register with PayPass™ by just tapping your card and you are done. No signature needed on your small purchases made.

Check this link: http://www.canadian-money-advisor.ca/dir/48/president's-choice-financial.html

Hey,

Thought I'd clear up a couple misconceptions. First of all, the 10 day hold period applies if you don't want to do a credit check to determine the holds and limits on your bank card OR if you have poor credit. It's actually 7 days now. If you do the check, and you have good credit, then the hold period is 5 business days with a certain amount clearing up on deposit, ranging from $0-1000.

Next, it IS a virtual bank so everything is done either on the telephone, internet or at the bank machine. The reps in the branch are only there to open accounts and replace bank cards. The contact centre is actually based in Halifax, and the people are really friendly. I've personally banked there for 3 years and have no complaints at all.

Take care.

We're getting quite a few visitors looking for information on PC Financial... I'm just wondering if anybody's got any questions, or comments regarding them.

President's Choice bank is a great bank if you want an account with no service charges, no fees, free interac purchases, free transfers, free bill payments. Another positive is that they currently have the highest interest rate for a savings account going today at a whopping 4%. No other bank in Canada will give you that much for savings.

The downside to this bank is that you have to bank with CIBC or go to a grocery store like Loblaws and visit a pavilion(teller).

1) Each check you deposit will be held for 10 business days. This terrible as most banks only hold it for 5 business days or 6 business days (with BNS).

2) You cannot take out large amounts of cash with teller because the pavilion doesn't carry that much cash. It's a grocery store after all.

3) Customer service isn't too good from what I hear. They just direct you to a phone.