Talk:President's Choice Financial/Archives/2013

See Also

Care Vest Capital is not a bank, but they provide very similar investment opportunities in terms of high return rates.--Nadyes 02:24, 2 June 2006 (UTC)

"They find various already made products, and re-brand it to President's Choice." I think some explanation is required here, since as far as I can make out the specific accounts available through PC Financial are not available through any other financial institution. If this is not the case please explain where else they are available. DJ Clayworth 15:38, 13 October 2005 (UTC)

Receiving no replies, I have removed the statement in question. DJ Clayworth 13:57, 25 October 2005 (UTC)

Wow. I think the person who made that statement was a little biased against PC services. :P Also, I believe he was referring to President's Choice products found in stores, not their banking services. --70.48.29.35 00:40, 19 November 2006 (UTC)

Interest Plus Savings Account interest rate

As of this writing, the PC account offers 4.00% interest; Achieva Financial and Outlook Financial, both Manitoba credit unions, offer 4.1% savings accounts. Thus this account isn't the highest interest available. I am rewriting that point accordingly.Gord pollock 01:13, 20 January 2007 (UTC) As of this writing, the President's Choice Mastercard charges 22.97% interest on outstanding balances making them one of - if not THE - highest interest rate Mastercards you can carry. —Preceding unsigned comment added by 69.17.133.196 (talk) 21:08, 6 May 2008 (UTC)

Fair use rationale for Image:Pcf.gif

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Not a Bank, really CIBC

"†President's Choice Financial services are provided by the direct banking division of CIBC." - http://www.pcfinancial.ca/ ---Wolfe 17:32, 17 July 2007 (UTC)

Financial Institution or Brand

I changed the introduction to no longer refer to PCF as an FI because 'President's Choice Financial' is not an organisation in its own right. It is a brand used by Loblaw's to market financial services offered by financial institutions - CIBC and President's Choice Bank. All Canadian financial institutions are regulated by the Office of the Superintendant of Financial Institutions Canada and "President's Choice Financial" is not listed as one of the bodies they regulate. Main site: http://www.osfi-bsif.gc.ca/ List of Canadian financial institutions: —Preceding unsigned comment added by The axel (talk • contribs) 00:47, 20 September 2007 (UTC)

Added information regarding the financial institutions regulated by the OSFI, "President's Choice Bank" is, in fact, among the list of regulated institutions on the OSDI web site. Specifically: http://www.osfi-bsif.gc.ca/WWWapps/lists/cid.asp?sCode=1&cid=FF

NOTE: "Presidents Choice Bank" only covers the MasterCard portion of their PC Financial Services offerings. The actual banking portion is correctly identified elsewhere in the article as being an affiliation with CIBC. —Preceding unsigned comment added by 69.17.133.196 (talk) 01:45, 7 May 2008 (UTC)

Insurance

PC Financial Insurance Agency Inc. is the organisation that provides insurance under the PCF label as per their website: http://www.pcinsurance.ca/.

"PC points are not offered on insurance products, unless a PC Financial is used to pay for the premiums' Firstly, I cannot locate a statement to that effect on the PC Points website. http://www.pcpoints.ca/en/redirect_unsecure.asp?URL=about_frm.asp&referid=tertnav Secondly, were this true President's Choice Bank and PC Financial Insurance Agency Inc. would be engaging in 'tied selling' which is illegal in Canada. http://cmte.parl.gc.ca/Content/HOC/committee/361/fina/reports/rp1031522/finarp07/05-rep-e.htm —Preceding unsigned comment added by The axel (talk • contribs) 01:05, 20 September 2007 (UTC)

I read it on their website that you don't earn PC points on their insurance products. The Insurance website that is. You can earn PC points using the PC MasterCard for any product, so yes, it is true. I use my PC MasterCard to pay for my State Farm Insurance premiums. So it's not tied selling. GreenJoe 01:50, 20 September 2007 (UTC)

“ You can also earn PC points if you pay for your pet or travel insurance using your President's Choice Financial MasterCard. ”

I went and referenced it in the article. GreenJoe 01:59, 20 September 2007 (UTC)

Hi GreenJoe, the link you provided says: "You can also earn PC points if you pay for your pet or travel insurance using your President's Choice Financial MasterCard." It does not say this is the only way. Further, this is actually a marketing text reminding customers that they will earn points on their PCF MasterCard in the same way that they would if they used that MasterCard to buy anything. If you followed the link above it to the PC Points page, and went to the part of that site that talked about how to earn points then you would see that points are earned on the insurance product through renewals, and there is no stipulation as to how payment has to be made to earn them that way, because that would be tied selling.

Bank or Brand

Hi GreenJoe, In response to the comment you left on my page (thanks for that it helped me to see your question faster). President's Choice Bank is the Financial Institution that provides President's Choice Financial MasterCard. All Canadian Financial Institutions must have a charter from the Canadian Federal Government and are governed by OSFI.

This link shows the list of Financial Institutions in Canada regulated by OSFI. It does not list President's Choice Fiancial (PCF) as a Financial Institution (FI). It does show Presidents Choice Bank (PCB) as an FI.: http://www.osfi.gc.ca/WWWapps/lists/eng.asp?s=1&g=1&i=1

This link shows the list of Financial Institutions in Canada recognised by the Canadian Revenue Agency. It does list PCB as an FI. http://www.cra-arc.gc.ca/E/pub/em/edm2-2-4/edm2-2-4-e.pdf

This link shows the list of chartered banks in Canada on the Canadian Bankers Association website. Again, it does not list PCF as an FI. http://www.cba.ca/en/section.asp?fl=2&sl=204&tl=&docid=

JD Power are not an authoritative source for defining whether or not something is a Financial Institution in Canada.

As I stated in the article, President's Choice Financial is a brand name owned by Loblaws and used by two Financial Institutions (CIBC & PCB) and one insurance agency to market financial services. It is not accurate to refer to it as a Financial Institution. —Preceding unsigned comment added by The axel (talk • contribs)

You're wordsmithing. Wikilawyering. Being too technical. It is a FI by your own admission, just under a different name, but WP:NAME's own convention is that we use the most common name anyway. So yes, for all purposes that the customer cares about, it -is- a FI. GreenJoe 14:39, 25 September 2007 (UTC)

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CUETS reference

Why was this reference removed? Me-123567-Me (talk) 02:27, 17 October 2008 (UTC)

PC Bank is no longer connected to CUETS, and has not been for several years. PC Bank's partner was changed to Resolve, which later became part of Davis & Henderson. MichaelHFox (talk) 15:58, 14 June 2010 (UTC)

Do you have a source to back this up? --Me-123567-Me (talk) 11:52, 15 June 2010 (UTC)

CUETS is now owned by MBNA Canada, a competitor of PC Bank. http://www.cuets.ca/

If that is not sufficient, I'll find additional public sources. I know, because I work there. MichaelHFox (talk) 14:56, 25 June 2010 (UTC)

PC Financial Services not available in QC

The only clear statement I could find on the PCF website that makes it clear that the services are not available in Quebec is on the account application online form. On the second page it states:

 "to apply for any of these products you must:  
   have reached the age of majority in your province  
   be a resident of Canada 

(President's Choice Financial services are not currently available to residents in Quebec)" Which I think is pretty unambiguous. I also found a secondary source on the CNW Newswire, which appears to be a Loblaws press release. http://www.newswire.ca/en/releases/archive/July2011/26/c7355.html — Preceding unsigned comment added by The axel (talk • contribs) 22:08, 4 October 2011 (UTC)