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PC Financial® vs Tangerine Bank
A side-by-side comparison of ratings, customer experience, products, fees, and pros & cons to help you choose the right bank.
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Tangerine Bank edges ahead on our overall rating (4.4 vs 3.8), but the right pick depends on which products and fees matter most to you.
Overview
PC Financial offers banking services from President’s Choice Bank, which is a Schedule I, federally regulated bank in Canada. Given this setup, the banking products at PC Financial have coverage of up to $100,000 from the Canadian Deposit Insurance Corporation (CDIC). EQB, parent of EQ Bank, acquired PC Financial in July 2026. Prior to this, the bank was a subsidiary of Loblaws.
PC Financial has a smaller offering than many other Canadian banks. It has only one main account that operates as a no-monthly-fee chequing account with the ability to add on a savings feature, giving you the best of both worlds. Its interest rate applies to all balances in the savings side of the account and is quite competitive considering there is no minimum balance.
The bank also has just a few Mastercard credit cards, with no Visa or American Express options. Lines of credit and mortgages are also not available. It lacks in business banking and insurance products as well, making it a better choice for those who don’t need a full-service banking relationship.
Tangerine Bank, or Tangerine as it’s known, is a subsidiary of Scotiabank, formerly part of ING Direct. Operating with its own coverage from the Canadian Deposit Insurance Corporation (CDIC), Tangerine has a sound reputation. Forbes even ranked the institution as number one in Canada on its list of the World’s Best Banks 2026 for two consecutive years.
The institution has a strong lineup for a digital bank, offering no-fee chequing and savings accounts as well as highly rated credit cards. Tangerine also provides lending services to its customers with mortgages, HELOCs, and lines of credit, and even has business banking, though it’s not a complete offering.
Unlike the major Canadian banks, many of its premium services come from partners or the Scotiabank network, rather than Tangerine itself. For example, the bank has insurance through its partner Sonnet Insurance and free ABM access through Scotiabank and its Global ATM Alliance. Tangerine does, however, have an in-house offering of mortgages and lending services.
Top chequing accounts
Top savings account
PC Financial® has no savings account listed.
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Tangerine Savings Account
3.7 Our rating
GET OFFER
on Tangerine's website
Exclusive · From FinlyWealth$50$75 rebate
+ Earn 4.50% for 5 months
Limited offer · ends
Welcome Bonus
Earn 4.50% for 5 months
Regular Interest
0.3%
Monthly Fee
$0
- Earn a 4.50% Savings rate for up to 5 months2
- Available to new clients who open an Eligible Savings Account and/or an Applicable Registered Savings Account within the first couple months of Client Number creation. Conditions apply.
- Offer validity: July 28, 2026 to November 30, 2026
Great rate with no minimum balance
Grow your savings on every dollar in your Account.
No unfair fees or service charges
We simply don’t believe in unfair fees. So you won’t have to pay to save with us.
Reach your goals faster
A Tangerine Savings Account comes with tools to make it super simple to reach your goals.
Automate your savings
With an Automatic Savings Program, you can save without even thinking about it.
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All products offered
5 products
Chequing
PC Money™ Account