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Is the money in my account protected?
Your deposits are protected by the Canadian Deposit Insurance Corporation (CDIC) in the event of the bank’s bankruptcy.
You’re protected on 7 different deposit categories, up to a total of $100,000 per category, including your savings and chequing accounts.
Learn how your deposits are protected with deposit insurance from the CDIC.
Related questions
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Can I make online transactions from my external accounts? You cannot make transactions from your external accounts, but you can view your account balance and transaction history. -
Difference between a trust and an in-trust account Learn the differences between a trust and in-trust account. -
How can I add an account from another bank to my online bank? Add external accounts held at other financial institutions to your online bank and get the full view of your finances. -
How can I authorize someone else to manage my account? Authorize someone to manage your account by giving them power of attorney at one of our branches. -
How can I cancel my bank account package? Contact us to cancel the banking package on your chequing account, if you have reduced your usage.
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