Loblaws said to discontinue President’s Choice Financial banking with CIBC

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Loblaws said to discontinue President’s Choice Financial banking with CIBC

After 20 years of partnership, President’s Choice Bank and CIBC have called it quits.

Beginning on November 1st, 2017, CIBC clients who also bank with President’s Choice will changeover to CIBC’s Simplii Financial brand, one that offers no-fee daily banking via mobile, telephone, and online platforms. This will include all clients who share a checkings, savings, and/or mortgage account with President’s Choice. From November through March of 2018, in-store ATMs operated by CIBC will be removed, along with CIBC banking services.

Despite this parting, PC Financial clients may still access their normal banking methods without interruptions, nor will they face extra banking fees. Likewise, clients who are a part of any loyalty programs will not face any changes to their plans. Payment plans for PC Financial World Elite MasterCard and PC Plus loyalty programs will still be available.

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