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AMEX Bank of Canada
From Wikipedia, the free encyclopedia
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.
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.
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Products offered by the bank include:
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Corporate cards:
Other:
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American Express currently offers a points system called Membership Rewards.
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:
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)
| 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 | |