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Simplii Financial was established following CIBC and the supermarket chain Loblaw Companies mutually deciding to end their 20-year joint venture of providing consumer banking services under the President's Choice Financial brand. [4] [5] As a completely online banking service, Simplii Financial has no branch locations.
The Bank of Canada (BoC; French: Banque du Canada) is a Crown corporation and Canada's central bank. [4] Chartered in 1934 under the Bank of Canada Act , it is responsible for formulating Canada's monetary policy, [ 5 ] and for the promotion of a safe and sound financial system within Canada. [ 6 ]
The Business Development Bank of Canada (BDC; French: Banque de développement du Canada) is a Crown corporation and national development bank wholly owned by the Government of Canada, mandated to help create and develop Canadian businesses through financing, growth and transition capital, venture capital and advisory services, with a focus on small and medium-sized enterprises.
It allows online banking customers to send money to anyone with an e-mail address or a cellphone number and a bank account in Canada. Prior to February 2018, this was an Interac-branded service operated by Acxsys Corporation. Interac e-Transfer service is designated as a prominent payment system and is subject to oversight by the Bank of Canada ...
Most Canadians who use online banking can send funds. These include personal deposit account holders with the big five banks (Bank of Montreal, Scotiabank, CIBC, RBC, and TD), Desjardins, Tangerine, National Bank, Simplii, PC Financial, EQ Bank and many credit unions and other institutions, [2] as well as some small-business account holders. [3]
The Caribbean Development Bank (CDB) is a development bank that helps Caribbean countries finance social and economic programs in its member countries through loans, grants, and technical assistance. The CDB was established by an Agreement signed on October 18, 1969, in Kingston, Jamaica, which entered into force on January 26, 1970. [1]
Exchange Bank of Canada's products include the exchange of foreign currencies, international wire transfers, sale of foreign bank drafts, and foreign cheque clearing. EBC does not take deposits or make loans or deal directly with retail customers, only establishing direct relationships dealing with businesses and financial institutions. [6]
The Bank of Jamaica (Jamaican Patois: Bangk a Jumieka) is the central bank of Jamaica located in Kingston. It was established by the Bank of Jamaica Act 1960 [ 3 ] and was opened on May 1, 1961. It is responsible for the monetary policy of Jamaica on the instruction of the Minister of Finance .