What debit cards have chips?
In Canada, most debit cards issued by financial institutions come with EMV chips, which enhance security for in-person transactions by generating unique transaction codes that cannot be reused.
Here are chip-enabled debit cards from the main players: RBC Debit Card, TD Access Card, BMO Debit Card, CIBC Advantage Debit Card, ScotiaCard, National Bank Debit Card, Desjardins Access Card, Tangerine Client Card, PC Money Account Card.
You can also place free funds on a savings account.
Calculate your future income on a savings account (example):
| Amount, $ | Rate, % | Accrued %, $ |
| 25,000 | 3.85% | 963 |
| 25,000 | 3.95% | 988 |
| 25,000 | 4.05% | 1,013 |
| 60,000 | 4.15% | 2,490 |
| 60,000 | 4.25% | 2,550 |
| 60,000 | 4.35% | 2,610 |
| 140,000 | 4.45% | 6,230 |
| 140,000 | 4.55% | 6,370 |
| 140,000 | 4.65% | 6,510 |
| 340,000 | 4.75% | 16,150 |
| 340,000 | 4.85% | 16,490 |
| 340,000 | 4.95% | 16,830 |
Are chip cards safe?
EMV chips generate a unique transaction code for each purchase, making it much harder for fraudsters to use stolen card information. The chip technology significantly reduces the risk of card cloning and other types of fraud compared to magnetic stripe cards.
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Details of companies offering the financial services:
RBC Royal Bank
Head office’s address: 200 Bay St, 9th Floor South Tower, Toronto
Contact center: 800-769-2511
Web-site: http://www.rbc.com/canada.html
Swift code: ROYCCAT2
Stock code: RY
BSB: 003
Scotiabank
Head office’s address: Scotia Plaza, 44 King Street West Toronto
Contact center: 800-472-6842
Phone: 416-866-6430
Web-site: http://www.scotiabank.com/ca/en/0,,2,00.html
Swift code: NOSCCATT
Stock code: BNS
BSB: 002
TD Bank
Head office’s address: Toronto-Dominion Centre, Po Box 1 Stn Toronto Dom, Toronto
Contact center: 866-222-3456
Web-site: https://www.td.com/about-tdbfg/our-business/index.jsp
Swift code: TDOMCATTTOR
Stock code: TD
BSB: 004