Feel confident that your money is protected
Royal Bank of Canada and its subsidiaries1 are proud members of the Canada Deposit Insurance Corporation (CDIC).
The CDIC is NOT a bank or private insurance company. It is a Federal Crown corporation created by Parliament in 1967 to protect the money you deposit in member financial institutions, in case of failure. CDIC protects eligible deposits up to a maximum of $100,000 (principal + interest combined) per depositor, per insured categories.
To be eligible for deposit insurance, deposits must be:
- payable in Canada
- in Canadian currency
- have a term of no greater than 5 years
Plus, CDIC insures eligible deposits separately (up to $100,000 including principal and interest).View eligible deposits
Ensure beneficiaries of the funds held in trust are eligible for maximum CDIC Coverage!
Download and complete one of the forms below:
- Follow the mailing instructions on the form (the form must be postmarked by May 30) or drop it off at any RBC Royal Bank branch.