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Home  »  Banking in Canada  »  Canadian Tire Bank

Canadian Tire Bank


Canadian Tire Bank Logo

Canadian Tire Financial Services (CTFS) (French: La Banque Canadian Tire) is the financial services arm of Canadian Tire. CTFS began in 1961 as Midland Shoppers Credit Limited, a small company offering third-party credit processing for local retailers. In 2003, Canadian Tire Bank was established, a Schedule 1 bank under the Bank Act (Canada). Canadian Tire Bank provides high interest savings accounts, tax free savings accounts, and GICs.


In addition, all of CTFS’ credit card portfolio was transferred to Canadian Tire Bank. Canadian Tire Bank's primary objective is to provide personal, efficient and committed service to all of our valued customers, employees, partners, and investors. In October 2006, Canadian Tire Bank began a pilot project to offer more traditional banking services to the public. Customers are able to do their banking over the phone or online.

Canadian Tire Financial Services Limited is 100% owned by Canadian Tire Corporation, Limited. In addition to managing over 4 million Canadian Tire MasterCard accounts.

With the addition of High Interest Savings Accounts, GICs and Tax Free Savings account - provided by Canadian Tire Bank - to the Canadian Tire Financial Services suite of products which is can make your money work harder for you and change the way you feel about banking.

Canadian Tire Bank HQ Location Map

Canadian Tire Bank
HQ Address: 555 Prince Charles Drive Welland, ON L3C 6B5
Toll Free: 1-866-681-CTFS (2837)
Banking Hours:
Monday - Friday 10.00am - 4.30pm


Canadian Tire Bank also offers a range of insurance products underwritten by third party insurance companies, including credit protection insurance (underwritten by American Bankers Life Assurance Company of Florida and American Bankers Insurance Company of Florida), term life insurance and accident insurance (underwritten by the Canada Life Assurance Company), and travel insurance (underwritten by Securiglobe Inc.)


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