Skip to main content

Cookies on BBB.org

We use cookies to give users the best content and online experience. By clicking “Accept All Cookies”, you agree to allow us to use all cookies. Visit our Privacy Policy to learn more.

Cookie Preferences

Many websites use cookies or similar tools to store information on your browser or device. We use cookies on BBB websites to remember your preferences, improve website performance and enhance user experience, and to recommend content we believe will be most relevant to you. Most cookies collect anonymous information such as how users arrive at and use the website. Some cookies are necessary to allow the website to function properly, but you may choose to not allow other types of cookies below.

Necessary Cookies

What are necessary cookies?
These cookies are necessary for the site to function and cannot be switched off in our systems. They are usually only set in response to actions made by you that amount to a request for services, such as setting your privacy preferences, logging in or filling in forms. You can set your browser to block or alert you about these cookies, but some parts of the site will not work. These cookies do not store any personally identifiable information.

Necessary cookies must always be enabled.

Functional Cookies

What are functional cookies?
These cookies enable the site to provide enhanced functionality and personalization. They may be set by us or by third party providers whose services we have added to our pages. If you do not allow these cookies, some or all of these services may not function properly.

Performance Cookies

What are performance cookies?
These cookies allow us to count visits and traffic sources so we can measure and improve the performance of our site. They help us to know which pages are the most and least popular and see how visitors move around the site. All information these cookies collect is aggregated and therefore anonymous. If you do not allow these cookies we will not know when you have visited our site, and will not be able to monitor its performance.

Marketing Cookies

What are marketing cookies?
These cookies may be set through our site by our advertising partners. They may be used by those companies to build a profile of your interests and show you relevant content on other sites. They do not store personal information directly, but are based on uniquely identifying your browser or device. If you do not allow these cookies, you will experience less targeted advertising.

Find a Location

Peoples Trust Company, part of Peoples Group has 2 locations, listed below.

*This company may be headquartered in or have additional locations in another country. Please click on the country abbreviation in the search box below to change to a different country location.

    Country
    Please enter a valid location.

    Business ProfileforPeoples Trust Company, part of Peoples Group

    Financial Services
    Multi Location Business
    BBB accredited business

    Additional business information

    Additional Info:
    The following directors: David Ghermezian, Derek Peddlesden, and Grant Mackenzie are also principals of Peoples Card Services Ltd.
    See all additional business information

    At-a-glance

    Customer Reviews

    1/5stars

    Average of 8 Customer Reviews

    Customer Complaints

    3 complaints closed in last 3 years

    0 complaints closed in last 12 months

    BBB Rating & Accreditation

    Accredited Since: 1/11/1987

    Years in Business: 45

    Customer Reviews are not used in the calculation of BBB Rating

    Reasons for BBB Rating

    Overview

    Peoples Trust Company, part of Peoples Group provides tailored financial services to the Canadian marketplace

    Business Details

    This is a multi-location business.

    Find a Location

    Peoples Trust Company, part of Peoples Group has 2 locations, listed below.

    *This company may be headquartered in or have additional locations in another country. Please click on the country abbreviation in the search box below to change to a different country location.

      Country
      Please enter a valid location.
      Location of This Business
      1400 888 Dunsmuir St Floor 14, Vancouver, BC V6C 3K4
      BBB File Opened:
      30/9/1987
      Years in Business:
      45
      Business Started:
      3/10/1978
      Business Started Locally:
      3/10/1978
      Accredited Since:
      1/11/1987
      Licensing Information:
      This business is in an industry that may require professional licensing, bonding or registration. BBB encourages you to check with the appropriate agency to be certain any requirements are currently being met.
      Alternate Business Name
      • Peoples Trust Financial Ltd.
      • Peoples Trust Co Head Office
      • Peoples Trust Company
      Hours of Operation

      Primary

      M:
      8:00 AM - 4:30 PM
      T:
      8:00 AM - 4:30 PM
      W:
      8:00 AM - 4:30 PM
      Th:
      8:00 AM - 4:30 PM
      F:
      8:00 AM - 4:30 PM
      Sa:
      Closed
      Su:
      Closed
      Business Management
      • Grant MacKenzie, CEO
      • Mark Kusumajuda, Marketing Manager
      • David Ghermezian, Board Chairperson
      • Alan T Cooke, Director
      Contact Information

      Principal

      • Alan T Cooke, Director

      Customer Contact

      • Mark Kusumajuda, Marketing Manager
      Additional Contact Information

      Fax Numbers

      • (604) 331-3469
        Primary Fax

      Phone Numbers

      Email Addresses

      Industry Tip

      BBB Tip: How to shop for financial services

      Customer Complaints

      3 Customer Complaints

      Need to file a complaint? BBB is here to help. We'll guide you through the process. How BBB Processes Complaints and Reviews

      File a Complaint

      Most Recent Customer Complaint

      23/03/2023

      Complaint Type:
      Customer Service Issues
      Status:
      Resolved
      I had a RRSP GIC with Peoples Trust that was due to renew on March 12, 2023. You can not set renewal options online or by email. I tried to phone them on multiple occasions. Each time I was put on hold for an extended period of time (***** minutes) only to then be forced to leave a message. With each of the calls, I either did not receive a call back or they called at random times 2-3 days later when I was at work and do not have access to my phone. Due to this I finally sent in a letter of direction as well as a transfer form indicating my wish to have the funds transferred to my ************* RRSP savings account. I mailed this form in 4 weeks prior to the renewal date.The day after the renewal date I went in online only to discover that they had reinvested the money with their company for another GIC against my expressed wishes. I called and emailed the company multiple times and did not even get a response back until 5 business days later! I was then informed in an email that the form I sent them was inadequate and to contact them. After another series of frustrating attempts I finally was able to discuss the situation with a representative. He informed me that I needed to send a "signature guaranteed" form from ********. I have sent this exact same form (downloaded directly from the ******** site) to other companies such as Oaken Financial and ******* without any issue.I asked him why no one had contacted me in the at least 3 weeks that they had the form to let me know that they required this "signature guaranteed" form and why instead they went ahead and reinvested my money against my expressed consent. He could not give me any satisfactory answer for this except to say the department that received the documents was "too busy" to respond (THEY HAD THEM FOR 3-4 WEEKS!) so they didn't let the other department know not to renew the **** I immediately contacted my financial advisor and had a signature guaranteed form sent to them. It has been another 3 business days and yet the funds are still not transferred and I have not heard back from the company. I am beyond frustrated with this company and want my funds transferred out immediately.
      Read More

      Customer Reviews

      8 Customer Reviews

      What do you think? Share your review.

      How BBB Processes Complaints and Reviews

      Start a Review

      Most Recent Customer Review

      Sarah L

      1 star

      22/03/2023

      Je suis cliente depuis plusieurs annes chez Peoples jai toujours reu auparavant un excellent service et en franais en plus! Mais depuis 3 semaines je te tente de les joindre et impossible de parler qui que ce soit. Jattends interminablement sur les lignes, je laisse des messages, des courriels et personne ne me rpond ou ne me rappelle. De plus, mon compte en ligne a t bloqu alors je nai plus accs mes fonds, je suis extrmement inquite! Que se ***se-t-il? La banque est-elle en difficult? Sont-ils en train de bloquer les transactions? Jai un placement qui arrive chance dans quelques jours et je ne suis mme *** capable de donner mes instructions!Du jamais vu chez Peoples!Je me demande srieusement si par scurit il ne vaudrait *** mieux que je me retire!

      ENGLISH TRANSLATION:

      I have been a customer for several years at Peoples and have always received excellent service before, and in French too! But for 3 weeks I've been trying to reach them and I can't talk to anyone. I wait endlessly on the lines, I leave messages, emails and no one answers me or calls me back. In addition, my online account has been blocked so I no longer have access to my funds, I am extremely worried! What is going on? Is the bank in trouble? Are they blocking transactions? I have an investment that is due in a few days and I can't even give my instructions! Unheard of at Peoples! I seriously wonder if for safety it would not be better that I withdraw!

      Local BBB

      BBB serving Mainland British Columbia

      BBB Reports On

      BBB reports on known marketplace practices.

      BBB Business Profiles may not be reproduced for sales or promotional purposes.

      BBB Business Profiles are provided solely to assist you in exercising your own best judgment. BBB asks third parties who publish complaints, reviews and/or responses on this website to affirm that the information provided is accurate. However, BBB does not verify the accuracy of information provided by third parties, and does not guarantee the accuracy of any information in Business Profiles.

      When considering complaint information, please take into account the company's size and volume of transactions, and understand that the nature of complaints and a firm's responses to them are often more important than the number of complaints.

      BBB Business Profiles generally cover a three-year reporting period. BBB Business Profiles are subject to change at any time. If you choose to do business with this business, please let the business know that you contacted BBB for a BBB Business Profile.

      As a matter of policy, BBB does not endorse any product, service or business.