AMEX Bank of Canada
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AMEX Bank of Canada is a unit of AMEX Canada and owned by American Express of the United States.
AMEX Bank of Canada provides a few account products and mainly services credit card services under the American Express card
American Express Canada was founded in 1853 in Toronto, it also established an office in Hamilton.
The company began operations as a bank on July 1, 1990 following an order-in-council made by the Brian Mulroney government on Nov. 21, 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.
Its current headquarters is in Markham, Ontario with 3,000 employees.
Services
Products offered by the bank:
- AMEX Investment Savings Account
- AMEX RSP Investment Savings Account
- AMEX Business Investment Savings Account
- Certified Cheques
- Travellers Cheques
- RSP
- Insurance
- AMEX Airmiles Cards
- AMEX Aeroplan Cards
- AMEX Platinum Cards
- AMEX Holt Renfrew Card
- AMEX Tiger Woods Card
- AMEX Gold Card
- AMEX Corporate Cards
Membership
AMEX Bank of Canada is a member of the Canadian Bankers Association (CBA) and registered member with the Canada Deposit Insurance Corporation (CDIC), a federal agency insuring deposits at all of Canada's chartered banks. It is also a member of:
- Aeroplan Rewards
Sources
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
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