Citibank Canada

By: EconomyWatch Content   Date: 28 October 2009

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EconomyWatch, Content Team

 

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Citibank Canada is the second-largest foreign bank in Canada, with more than 1,500 employees in Montreal, Toronto, Calgary and Vancouver. The bank entered Canada in 1954 and has since registered robust growth. Citibank bought Canada Trust’s MasterCard division following the merger of Canada Trust and Toronto Dominion Bank. Citibank Canada is a member of Canadian Banking Association. The bank is also registered with Canada Deposit Insurance Corporation, a Canadian federal agency that insures the deposits of all chartered banks.

Citibank Canada – Checking Account

Citibank Canada’s checking account is aimed at frequent users. For instance, people who use the account for several transactions, such as at the point of sale purchases, paying bills, making regular withdrawals and fund transfers. With this checking account, users can conduct online banking and telephone banking 24/7 from any location. In fact, users can do unlimited transactions either by paying a small amount monthly or maintaining certain minimum balance. Transactions can be done in both US and Canadian dollars.

Citibank Canada – Savings Account

Citibank Canada offers very safe and secure savings accounts with competitive interest rates. The interest is calculated on a daily basis and credited on a monthly basis. The bank offers unlimited transfer and direct deposit services to help customers achieve their savings goals. Citibank Canada’s interest rates for savings accounts are tiered and one must maintain the minimum balance to gain interest income. The savings bank account also offers online banking services that allows users to access their accounts anytime, anywhere.

Citibank Canada – Public Accountability

Citibank Canada is committed to certain principles that help enhance its customer services to a new level. These include:

·        Providing affordable and accessible banking facilities to Canadians

·        Protecting the environment

·        Helping in the growth of businesses, particularly small businesses

·        Creating an environment that encourages its employees to improve their performance.

Apart from savings and checking accounts, Citibank Canada offers many other banking and financial services, including credit cards, asset management and investment banking. The bank’s emphasis on enhancing customer trust and securing customer information makes it a popular among the average Canadian.


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