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Encyclopedia > AMEX Bank of Canada

AMEX Bank of Canada is a unit of American Express Canada (AMEX Canada) and is owned by American Express of the United States. It is a provider of account products and various credit card services. American Express Canada was founded in 1853 in Toronto, however it currently has its headquarters of 3,000 employees in Markham, Ontario, as well as an office in Hamilton. American Express (NYSE: AXP), sometimes known as AmEx or Amex, is a diversified global financial services company, headquartered in New York City. ... Map showing Markhams location in York Region Coordinates: Country  Canada Province Ontario Regional Municipality York Region Communities Buttonville, Thornhill, German Mills, Milliken, Unionville Settled 1794 Incorporated 1972 (town) Government  - Mayor Frank Scarpitti  - Deputy Mayor Jim Jones  - Regional Councillors Jack Heath, Tony Wong, Gordon Landon  - MPs Susan Kadis (LPC) - Thornhill... Motto: Together Aspire - Together Achieve Location in the province of Ontario, Canada Coordinates: Country Canada Province Ontario Incorporated June 9, 1846[1] Government  - Mayor Fred Eisenberger  - City Council Hamilton City Council  - Representatives 5 MPs and 5 MPPs Area [2]  - City 1,138. ...


The company began operations as a bank on 01 July 1990 following an order-in-council made by the Brian Mulroney government on 21 November 1988. This decision was not without controversy as federal banking policy at the time would not ordinarily have permitted American Express to operate as a bank[1] . July 1 is the 182nd day of the year (183rd in leap years) in the Gregorian Calendar, with 183 days remaining. ... Year 1990 (MCMXC) was a common year starting on Monday (link displays the 1990 Gregorian calendar). ... An Order-in-Council is an executive order issued in Commonwealth Realms operating under the Westminster system. ... Martin Brian Mulroney, PC, CC, GOQ, LLD (born March 20, 1939), was the eighteenth Prime Minister of Canada from September 17, 1984, to June 25, 1993 and was leader of the Progressive Conservative Party of Canada from 1983 to 1993. ... November 21 is the 325th day of the year (326th in leap years) in the Gregorian calendar. ... Year 1988 (MCMLXXXVIII) was a leap year starting on Friday (link displays 1988 Gregorian calendar). ...

Contents

Services

Products offered by the bank include:

Credit cards: Credit cards A credit card is a system of payment named after the small plastic card issued to users of the system. ...

  • Gold Cash Rebate Credit Card
  • Platinum Credit Card
  • Costco Platinum Cash Rebate Card
  • AirMiles Card
  • AirMiles Gold Card
  • Holt Renfrew Card

Charge cards: Costco Wholesale Corporation (NASDAQ: COST) is the largest membership warehouse club chain in the world based on sales volume, headquartered in Issaquah, Washington, United States,[1] with its flagship warehouse in nearby Seattle. ... It has been suggested that this article or section be merged with loyalty program. ... Holt Renfrew is a high end Canadian department store often compared to the United States retailers Neiman Marcus, Saks Fifth Avenue, and Barneys New York. ... A charge card is similar to a credit card, except that the charges made to it must be paid-off each month, rather than having revolving credit which carries a balance forward. ...

  • AeroplanPlus Card
  • AeroplanPlus Gold Card
  • AeroplanPlus Platinum Card
  • Green Card
  • Gold Card
  • Platinum Card
  • Centurion Card
  • Holt Renfrew Platinum Card

Corporate cards: Aeroplan is an air miles rewards systems for Air Canada. ... This article needs copy editing for grammar, style, cohesion, tone and/or spelling. ...

  • Corporate Card
  • Business Card
  • AeroplanPlus Corporate Card
  • AirMiles Gold Business Card
  • Costco Corporate Card
  • Corporate Purchasing Card

Other:

Private banking is done by major institutional banks known as private banks, which offer financial services to private individuals. ... A travelers cheque is a preprinted, fixed-amount cheque designed to allow the person signing it to make an unconditional payment to someone else as a result of having paid the issuer (usually a bank) for that privilege. ... Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of a contingent loss. ...

Membership Rewards

American Express currently offers a points system called Membership Rewards. American Express (NYSE: AXP), sometimes known as AmEx or Amex, is a diversified global financial services company, headquartered in New York City. ...


Membership

AMEX Bank of Canada is a member of the Canadian Bankers Association (CBA) and is a registered member of the Canada Deposit Insurance Corporation (CDIC), a federal agency insuring deposits at all of Canada's chartered banks. It is also a member of: The Canadian Bankers Association is an organization representing Canadas chartered banks and provides services to improve the wellbeing of its membership (banking lobby, policy development, research and support) and to consumers of banking services. ... Canadian Deposit Insurance Corporation or CDIC is a federal agency that provides insurance (up to a $60,000 CAD per personal and on Canadian accounts only) on financial services provided by chartered Canadian banks and financial institutions. ...

Aeroplan is an air miles rewards systems for Air Canada. ... It has been suggested that this article or section be merged with loyalty program. ...

References

  1. ^ Newman, Peter C. (July 30, 1990). "The brash new kid on the block. (American Express Co. opens Amex Bank of Canada amid controversy)"(column). Maclean's, July 30, 1990 v103 n31 p33(1)

External link

Commercial banks in Canada
AMEX Bank of Canada | ATB Financial | Bank of Montreal | BDC | CIBC | CTFS | Canadian Western Bank | Citibank Canada | Citizens Bank of Canada | First Nations | HSBC Bank Canada | Laurentian Bank | Manulife | National Bank | President's Choice Financial | RBC | Scotiabank | TD Canada Trust

  Results from FactBites:
 
AMEX BANK OF CANADA Insurance (893 words)
AMEX Bank of Canada is a unit of AMEX Canada and owned by American Express of the United States.
AMEX Bank of Canada is a member of the Canadian Bankers Association (CBA) and registered member with the Canada Deposit Insurance...
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Canada's Banks (3108 words)
Banks account for approximately 70 per cent of the total domestic assets held by the financial services sector, which includes insurance companies, trust companies, caisses populaires, credit unions and other financial institutions.
Canada’s banks play an important role in the national clearing and settlement system, which is among the most efficient payment systems in the world.
The Bank of Canada guarantees settlement in the extremely unlikely event that more than one LVTS participant were to fail on the same business day and the sum of the exposures of failed institutions were to exceed the collateral pledged to support such positions.
  More results at FactBites »


 
 

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