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CDIC


 

Canada Deposit Insurance Corporate(CDIC)

Canada Deposit Insurance Corporation (CDIC) is a federal crown corporation that protects your eligible deposits. Bank of China (Canada) is a member of CDIC. CDIC would reimburse insured deposits (including interest) to a maximum of $100,000 per insured category per member institution, if the member institution failed. Coverage is free and automatic; and clients do not have to apply for it.  

To be eligible for deposit insurance, deposits must be:

  • payable in Canada
  • in Canadian, US, or foreign currency

Eligible deposits include:

  • Savings accounts
  • Chequing accounts
  • Term deposits (GICs)
  • Money orders
  • Certified cheques

Customers can refer to the Protecting Your Deposits brochure and Member List on CDIC website:

https://www.cdic.ca/your-coverage/protecting-your-deposit/

https://www.cdic.ca/your-coverage/list-of-member-institutions/

For more information, please call CDIC at 1-800-461-2342

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