Access to Basic Banking Services Regulations

Definition of point of service

• 2 (1) For the purpose of subsection 448.1(1) of the Act, point of service means a physical location to which the public has access and at which a member bank carries on business with the public and opens or initiates the opening of retail deposit accounts through natural persons.

• Marginal note:Prescribed “points of service”

  (2) Every point of service is a prescribed point of service for the purpose of subsection 448.1(1) of the Act.