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U.S. Bank Canada, a division of U.S. Bank National Association, is a Schedule 3 bank in Canada regulated by the Office of the Superintendent of Financial Institutions (OSFI). The Bank started its operation in Canada since 2000, U.S. Bank Canada first acquired the Royal Bank of Canada Visa® Purchasing Card and Corporate Card portfolios, and subsequently in 2006 acquired the CIBC Visa Purchasing and Corporate Card portfolios. The Bank have branches across the country in Vancouver, Calgary, Edmonton, Toronto and Montreal dedicated to the payments business in Canada.

The Bank has developed innovative, cost-effective electronic payment processing solutions that have grown with the evolving needs of its clients. From straightforward corporate and purchasing cards to comprehensive payment tools, U.S. Bank Canada have the right solutions to help your organization.

U.S. Bank Canada branch 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.

Unlike the Schedule I and Schedule II banks, as a Schedule III bank, US Bank (Canada Branch) are NOT incorporated under the Bank Act and therefore operate in Canada under other government-mandated restrictions. Schedule III banks usually operate within the country's largest cities (being Toronto, Montreal, Calgary and Vancouver), under certain restrictions mentioned in the Act. As of October 2010, there were 23 such banks in Canada.

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.