In order to open an account, you must be a resident of Canada and be the age of majority in your province/territory. Unfortunately, we can’t accept applications from residents of Quebec at this time.

To apply, you’ll need:

• your Social Insurance Number (SIN) (We need your SIN because Revenue Canada requires that it be included on any tax receipts we send to you.)
• a completed Direct Transfer Authorization Form (DTA Form), including the amount of your initial deposit. This form will be provided to you in your Instruction package.
• a completed Declaration of Tax Residence for Individuals form. This form will be provided to you in your Instruction package.
• to open a joint account, each account holder must first complete an application for their own individual account. Once both accounts are open and active, please contact our Deposit Accounts Banking team at 1-866-681-CTFS (2837) between the hours of 8 AM and 6 PM ET Monday to Friday to setup a joint account.

Once your application has been submitted, you will be provided with instructions outlining next steps, including details on how to return the Direct Transfer Authorization Form (DTA Form) needed to set up your account.

The DTA Form must be completed, including the amount of your initial deposit. Your DTA Form allows us to link your Canadian Tire High Interest Savings account to your external account at another bank. Your Canadian Tire High Interest Savings account will not be operational until this form has been received.

Once we receive the DTA Form from you, we will begin the process of linking that account to your Canadian Tire High Interest Savings account. We will also mail a welcome package that outlines how you can access your account and we ask that you call Canadian Tire Customer Service at 1-866-681-CTFS (2837) for quick verification and so we can set up your password for telephone and online access. You may call between the hours of 8 AM and 6 PM ET Monday to Friday.

To open a joint account, each account holder must first complete an application for their own individual account. Once both accounts are open and active, please contact our Deposit Accounts Banking team to setup a joint account.

Once your linked external account is set up, you may transfer your funds online or by calling the Deposit Accounts Banking team at 1-866-681-CTFS (2837), between the hours of 8 AM and 6 PM ET Monday to Friday.

No. If you already have a GIC or HISA with us (thank you, by the way) you can set up a new Canadian Tire GIC or HISA right away by calling the Deposit Accounts Banking team at 1-866-681-CTFS (2837). For Canadian Tire^® Credit Cardmembers,sorry, but we’ll need you to fill out a full application. You can do so online, or by calling 1-866-681-CTFS (2837), between the hours of 8 AM and 6 PM ET Monday to Friday.

In order for us to set up a link to an additional account from another bank, we require that you mail a completed DTA Form to:

Canadian Tire Bank
P.O. Box 3000
Welland, Ontario
L3B 5S5

Remember, the DTA Form must be completed, including the amount of your initial deposit. Once the funds have been cleared from the other account, you will have access to the funds in your Canadian Tire High Interest Savings account and the link will have been created. You may now transfer funds to and from the other bank account and your Canadian Tire High Interest Savings account using online banking or by calling the Deposit Accounts Banking team at 1-866-681-CTFS (2837), between the hours of 8 AM and 6 PM ET Monday to Friday. Please ensure you have the funds available before initiating a transfer.

There is NO minimum deposit requirement.

You can make withdrawals anytime you want via phone or online banking.

Your deposits may be eligible for up to $100,000 in CDIC insurance coverage.

Just give us a call! Our knowledgeable customer service representatives are happy to answer your questions and help make sure you’re maximizing your savings. To open an account, just call us at 1-866-681-CTFS (2837), or apply online.