A new bank has opened its doors to Canadian savers. Launched April 20, Ubiquity Bank of Canada is a full-service bank with a complete menu of banking products and services nation-wide, delivered with convenient electronic and personal service.

Primarily a virtual bank, “Ubiquity will work to provide individual and business clients with a unique blend of high-value financial products together with convenient choices and service excellence — in other words products and services the national banks offer but with highly-competitive interest rates and superior service,” said Ubiquity President and CEO Keith Puiu, in a news release.

Ubiquity’s core offering will be the all-in-one Client Account, uniquely designed for today’s consumer. Clients will get fingertip access to their account via cheques, ATMs, the Internet, telephone, and point-of-sale; plus the ability to move funds electronically between accounts, or to and from other institutions, a line of credit, a MasterCard credit card, and the high interest rate of a savings account.

The Client Account and other Ubiquity services and products will be offered 24/7 through a network of integrated electronic services complemented with personal service available through a Client Contact Centre, which will be open Monday to Friday from 6:00. to 18:00. and Saturdays from 6:00 to 16:00 PT.

Ubiquity is a wholly owned subsidiary of Prospera Credit Union, British Columbia’s fourth largest credit union with more than $1.6-billion in assets under administration as of March 31, 2004

Prospera Credit Union was granted Letters patent under the Bank Act by the Office of the Superintendent of Financial Institutions in November 2003.