PC Financial
PC Financial (short for President's Choice Financial) is a joint venture between CIBC and Loblaws Canada, a popular Canadian supermarket chain. PC Financial banking transactions are done online, using banking machine, over a phone or at small offices located in Loblaws Canada stores. PC Financial doesn’t have designated bank branches like the big Canadian banks do.

PC Financial offers no-fee chequing accounts, savings accounts, and MasterCard credit cards too. PC Financial offers very competitive interest rates on their savings accounts. PC Financial also offers lines of credit, mortgages, RRSP accounts and the new TFSA.

PC Financial is famous for its insurance products. The insurance products offered by PC Financial offer lower premiums compared to the major insurance players in Canada. PC Financial offers home, auto and travel insurance. Canadian consumers can slash their monthly insurance fee substantially by moving their insurance policies over to PC Financial (of course this depends on the individual’s insurance history).

According to CIBC, PC Financial has a little over 3 million clients.



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