PC Financial Review 2024

Note: The following article provides an in-depth review of PC Financial, analyzing its services, customer experience, and overall performance. The information presented is based on extensive research and aims to offer an unbiased assessment of the company.


In this digital age, online banking has become an integral part of our daily lives. PC Financial, a subsidiary of Loblaw Companies Limited, offers a range of financial services to its customers, including banking and credit card solutions. In this review, we will examine PC Financial’s services, customer experience, and overall performance to help you make an informed decision about whether it is the right choice for your financial needs.

Background and Overview

PC Financial was established in 1996 as a joint venture between Loblaw Companies Limited and the Canadian Imperial Bank of Commerce (CIBC). The company aimed to provide convenient and accessible banking services to Canadians, with a focus on no-fee banking. In 2017, PC Financial ended its partnership with CIBC and transitioned to a new banking platform.

Products and Services

Chequing Accounts

PC Financial offers a range of chequing accounts tailored to different customer needs. These accounts provide various features, including unlimited transactions, no monthly fees, and access to a network of ATMs. Customers can manage their accounts online, making it convenient to track their finances and make payments.

Savings Accounts

PC Financial also offers savings accounts with competitive interest rates. These accounts provide a secure way for customers to grow their savings while enjoying the convenience of online banking. With no minimum balance requirements and no monthly fees, PC Financial’s savings accounts are an attractive option for individuals looking to save for the future.

Credit Cards

PC Financial offers a range of credit cards that cater to different spending habits and reward preferences. Customers can choose from options such as the PC Financial World Elite Mastercard, which offers exclusive benefits such as accelerated rewards and travel insurance coverage. The PC Optimum program allows cardholders to earn points on their everyday purchases, which can be redeemed for groceries, merchandise, and more.


While PC Financial does not offer mortgages directly, it partners with mortgage brokers to provide customers with access to competitive mortgage rates and options. This allows customers to find the best mortgage solution for their needs while benefiting from PC Financial’s trusted brand.

Investment Products

PC Financial does not offer GICs or other investment products directly. However, customers can explore investment options through PC Financial’s partnership with CIBC Investor’s Edge. This collaboration allows customers to access a wide range of investment opportunities, including stocks, bonds, and mutual funds, with the expertise and support of CIBC.

Digital Experience

Desktop Experience

PC Financial’s desktop experience ranks at number 22 based on customer feedback and reviews. While the website provides basic functionality and account access, it lacks some advanced features and account management tools. Customers have reported a lack of depth in account information and transactional experiences, which can be limiting for those seeking more comprehensive banking services.

Mobile Experience

PC Financial’s mobile experience does not have a specific ranking available. However, customers have praised the company’s mobile app for its user-friendly interface and ease of use. The app allows customers to perform various banking tasks on the go, including checking account balances, making payments, and transferring funds. However, some customers have noted that the app could benefit from additional features and improvements to enhance the overall mobile banking experience.

Account Opening and Management

Opening an account with PC Financial is a straightforward process. Customers can apply online, providing the necessary identification and personal information. Once the application is submitted, PC Financial will review and verify the information before approving the account. Account management is primarily done through the online banking platform, allowing customers to view account details, make transfers, and perform other banking tasks.

Fund Transfers

PC Financial offers various options for fund transfers, including Interac e-Transfer, bill payments, and direct deposit. These features provide customers with flexibility and convenience when moving funds between accounts or making payments. The online banking platform allows for easy and secure fund transfers, ensuring that customers can manage their finances efficiently.

Account Services

PC Financial’s account services are primarily focused on basic banking needs. While customers can access features such as bill payments, e-Transfers, and account statements, the company does not offer additional services such as GICs, mortgages, or chequing accounts. This limited range of account services may not meet the needs of customers seeking a more comprehensive banking experience.

Customer Service

PC Financial’s customer service ranks at number 29 based on customer feedback. While the company strives to provide satisfactory support, some customers have reported difficulties in reaching customer service representatives or receiving timely responses to their inquiries. Improvements in this area would enhance the overall customer experience and ensure that customers can easily access the assistance they need.


PC Financial offers a range of financial services, including chequing and savings accounts, credit cards, and access to investment products. With a focus on no-fee banking and a convenient online banking platform, PC Financial aims to provide accessible solutions to Canadians. While the company’s desktop experience and customer service may have room for improvement, its mobile app and user-friendly interface offer convenience and ease of use. If you prioritize no-fee banking and value the ability to manage your finances on the go, PC Financial may be a suitable choice for your financial needs.

Disclaimer: This article is for informational purposes only and should not be considered financial advice. Please consult with a professional advisor before making any financial decisions.


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