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Founded in 1850, American Express Company is a diversified worldwide travel and financial services company. It is a global leader in charge and credit cards, travellers cheques, travel, financial planning, investment products, insurance, accounting and international banking. American Express began in Canada in 1853, with the opening of offices in Toronto and Hamilton. Today, American Express in Canada operates as Amex Canada Inc. and AMEX Bank of Canada. With headquarters in Markham, Ontario, Amex Canada Inc. and AMEX Bank of Canada employ about 3,000 Canadians in 13 cities coast-to-coast. Each year, these businesses serve millions of fellow Canadians and visitors to Canada.

Amex Canada Inc. is a leading provider of travel related services in Canada and assists companies in managing and controlling their business and travel expenses. AMEX Bank of Canada is the issuer of American Express Cards in Canada. Both companies are wholly owned subsidiaries of the New York based American Express Travel Related Services Company, Inc.

Amex Bank of Canada committed to develop and deliver the most innovative products, manage customer experience, deliver quality service that contribute to brand strength, develop a competitive advantage and enhance profitability, thus providing value to the stakeholders of the bank.

Amex Bank of Canada is Schedule II banks in Canada. The Schedule II banks are foreign bank subsidiaries authorized under the Bank Act to accept deposits, which may be eligible for deposit insurance provided by the Canada Deposit and Insurance Corporation. Foreign bank subsidiaries are controlled by eligible foreign institutions.

In Canada, the Office of the Superintendent of Financial Institutions (OSFI) is responsible for administering a number of federal statutes, including the Bank Act and the Trust and Loan Companies Act, the statutes applicable to the regulation of banks and federal trust and loan companies.