MoneyDesk

PC Money Account

A $0-monthly-fee digital account with unlimited supported transactions and Mastercard payment access.

Visit official website About PC Financial

At a glance

Monthly fee
$0
Monthly transactions
Unlimited
Monthly Interac e-Transfers
Unlimited
Interest
2.2%

Overview

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.

Features and access

Monthly fees and transactions

Monthly fee
$0The normal recurring monthly fee is $0.
Monthly transactions
UnlimitedThe account agreement provides unlimited completed supported electronic and purchase transactions.

Transfers

Monthly Interac e-Transfers
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.

Cash and branch access

Cash deposits
PC Financial ATMsPhysical-cash deposits are free at more than 740 PC Financial ATM locations across Canada.
Cash withdrawals
PC Financial ATMsCash withdrawals are free at more than 740 PC Financial ATM locations across Canada. Mastercard ATM and teller withdrawals are also supported; fees can apply and public limits were not quantified.
Branch access
NoThe account is managed through PC Financial's digital and support channels rather than a retail branch network.

Cheques and ownership

Cheque writing
NoPC Financial explicitly states that customers cannot write cheques from the PC Money Account.
Cheque deposits
NoPC Financial explicitly states that customers cannot deposit cheques into the PC Money Account.
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.