{"id":96117,"date":"2026-02-11T09:58:48","date_gmt":"2026-02-11T14:58:48","guid":{"rendered":"https:\/\/www.rbcroyalbank.com\/en-ca\/?post_type=rbc_my_money_matter&#038;p=96117"},"modified":"2026-02-11T09:58:49","modified_gmt":"2026-02-11T14:58:49","slug":"what-is-cdic-and-how-does-it-protect-your-money","status":"publish","type":"rbc_my_money_matter","link":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/money-academy\/banking-basics\/account-types\/what-is-cdic-and-how-does-it-protect-your-money\/","title":{"rendered":"What is CDIC and How Does It Protect Your Money?"},"content":{"rendered":"\n<section class=\"wp-block-rbc-section-block  pos-rel\" style=\"border-radius:0px\">\n<div class=\"wp-block-rbc-section-inner-block  section-inner\" style=\"border-radius:0x\">\n<div class=\"wp-block-rbc-rbc-block drop-shadow pos-rel top-line-blue block-wpr\">\n<div class=\"wp-block-rbc-rbc-block-inner-block block-inner\">\n<h4 class=\"wp-block-heading\" id=\"h-tldr\">TLDR<\/h4>\n\n\n\n<ul class=\"wp-block-rbc-list is-style-blue-disc\">\n<li class=\"wp-block-rbc-list-item\">\n<p>The Canada Deposit Insurance Corporation (CDIC) protects your eligible deposits if a&nbsp;CDIC member institution&nbsp;fails<\/p>\n<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-rbc-list is-style-blue-disc\">\n<li class=\"wp-block-rbc-list-item\">\n<p>Member institutions include most&nbsp;Canadian banks, as well as&nbsp;federally regulated credit unions, trust and loan companies<\/p>\n<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-rbc-list is-style-blue-disc\">\n<li class=\"wp-block-rbc-list-item\">\n<p>CDIC insures up to&nbsp;$100,000 per deposit category, per member institution including principal and interest<\/p>\n<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-rbc-list is-style-blue-disc\">\n<li class=\"wp-block-rbc-list-item\">\n<p>You can use&nbsp;strategies like spreading funds across categories or institutions&nbsp;to maximize your coverage<\/p>\n<\/li>\n<\/ul>\n<\/div>\n<\/div>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-cdic\">What is CDIC?<\/h2>\n\n\n\n<p>The <a href=\"https:\/\/www.cdic.ca\/\" data-dig-id=\"LP-96117-34159556\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"Canada Deposit Insurance Corporation\" class=\"rbc-link-format\">Canada Deposit Insurance Corporation<\/a> (CDIC) is a federal crown corporation, established in 1967 to promote stability in the financial system. Today, it protects your savings in the unlikely event your bank fails \u2013 and continues to play an important role in keeping Canada\u2019s financial system strong.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-deposit-insurance-explained\">Deposit insurance explained<\/h3>\n\n\n\n<p>Deposit insurance is there to protect your money if your bank ever runs into serious trouble and can\u2019t meet its financial obligations. As long as you\u2019re banking with a CDIC member institution, your <a href=\"https:\/\/www.rbcroyalbank.com\/partners\/cdic\/_assets-custom\/pdf\/CDIC_Deposit_Register_E.pdf\" class=\"rbc-link-format\">eligible deposits<\/a> are automatically covered \u2014 you don\u2019t need to apply or pay a fee. The protection is fully funded by the banks and other member institutions, not by you or other depositors.<\/p>\n\n\n\n<p>Deposit insurance does not protect against losses due to fraud or theft.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-cdic-member-institutions\">CDIC member institutions<\/h3>\n\n\n\n<p><a href=\"https:\/\/www.cdic.ca\/depositors\/list-of-members\/\" data-dig-id=\"LP-96117-21488e50\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"CDIC\u2019s member institutions\" class=\"rbc-link-format\">CDIC\u2019s member institutions<\/a> include Canada\u2019s largest banks, certain regional banks, loans and trust companies, Canadian bank subsidiaries of large foreign banks and federal credit unions.<\/p>\n\n\n\n<p>Deposits at provincial credit unions, however are not covered by CDIC.<\/p>\n\n\n\n<p>A full list of member institutions can be found <a href=\"https:\/\/www.cdic.ca\/depositors\/list-of-members\/\" data-dig-id=\"LP-96117-3e5fab99\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"here\" class=\"rbc-link-format\">here<\/a> on CDIC\u2019s website.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-does-cdic-work\">How does CDIC work?<\/h2>\n\n\n\n<p>So how does CDIC actually protect your money? Here\u2019s a rundown on coverage limits, the account types it covers and how to calculate your coverage.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-coverage-limits\">Coverage limits<\/h3>\n\n\n\n<p>CDIC insures <a href=\"https:\/\/www.rbcroyalbank.com\/partners\/cdic\/_assets-custom\/pdf\/CDIC_Deposit_Register_E.pdf\" data-dig-id=\"LP-96117-b40c9d7e\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"eligible deposits\" class=\"rbc-link-format\">eligible deposits<\/a> up to $100,000 per deposit category, at each member institution including principal and interest. This means your money is protected across different account types and different banks \u2013 it\u2019s not necessarily limited to one lump sum.<\/p>\n\n\n\n<p>Here\u2019s how it works:<\/p>\n\n\n\n<ul class=\"wp-block-rbc-list is-style-blue-disc mar-l mob-mar-l\">\n<li class=\"wp-block-rbc-list-item\">\n<p>The $100,000 limit includes both the principal and any interest earned, as of the date the institution fails<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p>Coverage applies&nbsp;separately&nbsp;across<strong> <\/strong>different<strong> <\/strong><a href=\"https:\/\/www.cdic.ca\/depositors\/whats-covered\/\" data-dig-id=\"LP-96117-7074b9d3\" data-dig-label=\"deposit categories\" data-dig-action=\"link click\" data-dig-category=\"LP\" class=\"rbc-link-format\">deposit categories<\/a>. These categories include deposits held:<\/p>\n\n\n\n<ul class=\"wp-block-rbc-list is-style-blue-disc mar-l mob-mar-l\">\n<li class=\"wp-block-rbc-list-item\">\n<p>In one name<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p>In more than one name (i.e., joint deposits)<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p>In a Registered Retirement Savings Plan (RRSP)<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p>In a Registered Retirement Income Fund (RRIF)<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p>In a Tax-Free Savings Account (TFSA)<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p>In a Registered Disability Savings Plan (RDSP)<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p>In a First Home Savings Account (FHSA)<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p>In a Registered Education Savings Plan (RESP)<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p>In trust<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<p>So, if you have $100,000 in a\u00a0<a href=\"https:\/\/www.rbcroyalbank.com\/bank-accounts\/savings-accounts\/high-interest-savings-account.html\" data-dig-id=\"LP-96117-10387f6f\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"personal savings account\" class=\"rbc-link-format\">personal savings account<\/a>\u00a0and another $100,000 in a TFSA \u2014 both at the same CDIC member institution \u2014 your full $200,000 would be protected. At the same time, if you hold deposits at more than one CDIC member bank, your coverage is calculated separately at each one.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-accounts-covered-by-cdic\">Accounts covered by CDIC<\/h3>\n\n\n\n<p>Here&#8217;s what CDIC covers at a glance:<\/p>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column has-text-reg-font-size is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:800px\">\n<table class=\"table-stack wp-block-rbc-stackable-table-block is-style-table-striped col-stack\"><tbody><tr><td><strong>Type of Deposit Category<\/strong><\/td><td><strong>Coverage Details<\/strong><\/td><\/tr><tr><td>Personal deposits (in your name only)<\/td><td>Up to $100,000 per category, per member institution<\/td><\/tr><tr><td>Joint deposits (more than one name)<\/td><td>Up to $100,000 total per account (not per person)<\/td><\/tr><tr><td>Registered plans (RRSP, RRIF, TFSA, RDSP, RESP, FHSA)<\/td><td>If held in eligible deposits like GICs or savings (i.e., not mutual funds)<\/td><\/tr><tr><td>Trust deposits<\/td><td>Up to $100,000 per beneficiary, as long as certain disclosure requirements are met<\/td><\/tr><\/tbody><\/table>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column has-text-reg-font-size is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:800px\">\n<table class=\"table-stack wp-block-rbc-stackable-table-block is-style-table-striped col-stack\"><tbody><tr><td><strong>Type of Eligible Deposits<\/strong><\/td><td><strong>Product Details<\/strong><\/td><\/tr><tr><td>Chequing and savings accounts<\/td><td>&#8211; When held at a CDIC member institution<br>&#8211; Coverage for certain foreign currencies, see our <a href=\"https:\/\/www.rbcroyalbank.com\/partners\/cdic\/_assets-custom\/pdf\/CDIC_Deposit_Register_E.pdf\" data-dig-id=\"LP-96117-a42d414b\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"Deposit Register\" class=\"rbc-link-format\">Deposit Register<\/a> for eligible RBC products<\/td><\/tr><tr><td>GIC and term deposits<\/td><td>&#8211; Coverage for certain foreign currencies, see our <a href=\"https:\/\/www.rbcroyalbank.com\/partners\/cdic\/_assets-custom\/pdf\/CDIC_Deposit_Register_E.pdf\" data-dig-id=\"LP-96117-585a7ae5\" data-dig-label=\"Deposit Register\" data-dig-action=\"link click\" data-dig-category=\"LP\" class=\"rbc-link-format\">Deposit Register<\/a> for eligible RBC products<br>&#8211; Payable in Canada<\/td><\/tr><\/tbody><\/table>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><\/div>\n<\/div>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-what-cdic-doesn-t-cover\">What CDIC doesn&#8217;t cover<\/h3>\n\n\n\n<p>While CDIC offers important protection for many everyday savings and deposit accounts, it doesn\u2019t cover everything. Investments, and losses from fraud or theft are a few examples that fall outside its coverage.<\/p>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column has-text-reg-font-size is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:800px\">\n<table class=\"table-stack wp-block-rbc-stackable-table-block is-style-table-striped col-stack\"><tbody><tr><td><strong>Type of Deposit<\/strong><\/td><td><strong>Details<\/strong><\/td><\/tr><tr><td>Stocks, bonds, mutual funds, Exchange-Traded Funds (ETFs)<\/td><td>Not considered eligible deposits<\/td><\/tr><tr><td>Crypotcurrency<\/td><td>Not covered by CDIC<\/td><\/tr><tr><td>Contents of safety deposit boxes<\/td><td>Physical items are not covered<\/td><\/tr><tr><td>Losses from fraud or cybercrime<\/td><td>CDIC only protects against bank failure, not fraud or theft<\/td><\/tr><\/tbody><\/table>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><\/div>\n<\/div>\n\n\n\n<p>For more information, please read <a href=\"https:\/\/www.cdic.ca\/depositors\/whats-covered\/\" data-dig-id=\"LP-96117-a8669b97\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"this section\" class=\"rbc-link-format\">this section<\/a> on what\u2019s covered on CDIC\u2019s website.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-how-to-calculate-your-coverage\">How to calculate your coverage<\/h3>\n\n\n\n<p>The <a href=\"https:\/\/www.cdic.ca\/depositors\/videos-and-resources\/deposit-insurance-calculator\/dashboard\/select-category\/\" data-dig-id=\"LP-96117-94ce8371\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"CDIC deposit insurance calculator\" class=\"rbc-link-format\">CDIC deposit insurance calculator<\/a> makes it easy to see how much coverage you have. Simply add the type of deposit(s) you have, where you bank and the amount of your deposit(s), and the calculator will provide an overview of your coverage.<\/p>\n\n\n\n<p>You can add as many accounts as you want \u2013 the calculator will show you what\u2019s covered and what\u2019s not across all your accounts.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cdic.ca\/depositors\/videos-and-resources\/deposit-insurance-calculator\/dashboard\/select-category\/\" data-dig-id=\"LP-96117-eb9d1a56\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"Try the calculator &gt;\" class=\"rbc-link-format\">Try the calculator &gt;<\/a><\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-common-misconceptions-about-cdic\">Common misconceptions about CDIC<\/h3>\n\n\n\n<p>There are a few misconceptions out there about what CDIC covers \u2014 and what it doesn\u2019t. Let\u2019s clear them up:<\/p>\n\n\n\n<ul class=\"wp-block-rbc-list\">\n<li class=\"wp-block-rbc-list-item mar-l mob-mar-l\">\n<p><strong>&#8220;All financial institutions are covered by CDIC&#8221;<\/strong><\/p>\n\n\n\n<p>Not quite. CDIC only insures eligible deposits at&nbsp;member institutions, which include most Canadian banks and some federally regulated credit unions, as well as trust and loan companies.&nbsp;<\/p>\n\n\n\n<p>Provincial credit unions, meanwhile, are not covered by CDIC \u2014 they\u2019re typically insured by&nbsp;provincial deposit insurers&nbsp;like Deposit Insurance Corporation of Ontario (DICO) in Ontario, Credit Union Deposit Insurance Corporation (CUDIC) of British Columbia, or Credit Union Deposit Guarantee Corporation (CUDGC) in Alberta.<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item mar-l mob-mar-l\">\n<p><strong>&#8220;CDIC protects me from fraud, theft or cybercrime&#8221;<\/strong><\/p>\n\n\n\n<p>CDIC coverage only applies if your bank fails \u2014 not if your account is hacked or your money is stolen. For fraud protection, your bank\u2019s security measures \u2014 or your own cyber safety practices \u2014 can help protect your money.<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item mar-l mob-mar-l\">\n<p><strong>&#8220;All of my accounts at one bank are insured up to $100,000 each&#8221;<\/strong><\/p>\n\n\n\n<p>Not exactly. The $100,000 limit applies&nbsp;per deposit category, not per individual account. So, if you have several personal accounts (like a savings account and a chequing account) at the same bank, they\u2019re combined under the \u201cdeposits held in one name\u201d category and insured&nbsp;up to $100,000 total.<\/p>\n\n\n\n<p>However, if you have eligible deposits at&nbsp;multiple CDIC member institutions, the coverage applies&nbsp;separately at each one&nbsp;\u2014 so you could be insured for more than $100,000 total if your deposits are spread across different banks.<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item mar-l mob-mar-l\">\n<p><strong>&#8220;If I have a joint account, I&#8217;m covered for $100,000 and so is the other person on the account&#8221;<\/strong><\/p>\n\n\n\n<p>Joint accounts are insured up to&nbsp;<strong>$100,000 total per account<\/strong>, not per person. The coverage is shared equally between joint owners.<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item mar-l mob-mar-l\">\n<p><strong>&#8220;Investments like mutual funds and stocks are covered&#8221;<\/strong><\/p>\n\n\n\n<p>CDIC does&nbsp;<strong>not<\/strong>&nbsp;insure investments such as mutual funds, stocks, bonds, ETFs or cryptocurrency \u2014 even if they\u2019re held at a CDIC member institution.<\/p>\n<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-do-i-ensure-my-deposits-are-insured\">How do I ensure my deposits are insured?<\/h2>\n\n\n\n<p>CDIC coverage is automatic, but only if your money is held at a&nbsp;CDIC member institution. Not sure if your deposits are covered? Here\u2019s how to check.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-check-your-financial-institution-is-a-cdic-member\">Check your financial institution is a CDIC member<\/h3>\n\n\n\n<p>The easiest way to make sure your deposits are protected is to confirm that your financial institution is in fact a CDIC member. You can do this by checking the&nbsp;CDIC member list&nbsp;on CDIC\u2019s website <a href=\"https:\/\/www.cdic.ca\/depositors\/list-of-members\/\" data-dig-id=\"LP-96117-953d5bb1\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"here\" class=\"rbc-link-format\">here<\/a>, or by looking for the purple CDIC logo on your bank\u2019s website or app.<\/p>\n\n\n\n<p>Keep in mind,&nbsp;not all financial institutions are covered by CDIC.<\/p>\n\n\n\n<p>Here\u2019s a handy breakdown:<\/p>\n\n\n\n<ul class=\"wp-block-rbc-list is-style-blue-disc mar-l mob-mar-l\">\n<li class=\"wp-block-rbc-list-item\">\n<p><strong>Canadian banks<\/strong>: Most Canadian banks are&nbsp;CDIC members&nbsp;and offer full coverage for eligible deposits.<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p><strong>Provincial credit unions<\/strong>&nbsp;: These are&nbsp;not insured by CDIC. Instead, they\u2019re covered by&nbsp;provincial deposit insurers. Many offer similar coverage, but it\u2019s separate from CDIC.<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p><strong>Investment firms and brokerages<\/strong>&nbsp;: CDIC does&nbsp;not cover investment accounts&nbsp;like mutual funds, stocks or bonds, even if the firm is affiliated with a CDIC member. These accounts may be protected by the&nbsp;Canadian Investor Protection Fund (CIPF)&nbsp;instead.<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p><strong>Fintech companies<\/strong>: Many fintechs&nbsp;may feel like banks, but they\u2019re not CDIC members. While some may partner with CDIC-insured institutions, your funds are only protected&nbsp;if they\u2019re held in your name&nbsp;or in trust with proper disclosure. Always ask where your money is actually being held so you can feel confident it is protected.<\/p>\n<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-learn-how-to-maximize-your-coverage\">Learn how to maximize your coverage<\/h3>\n\n\n\n<p>While there are limits to CDIC insurance, there are ways to maximize your coverage so that more of your money is protected. Here are some strategies:<\/p>\n\n\n\n<ul class=\"wp-block-rbc-list is-style-blue-disc mar-l mob-mar-l\">\n<li class=\"wp-block-rbc-list-item\">\n<p>Spread deposits across different CDIC member institutions<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p>Use different ownership categories \u2013 such as personal savings, TFSAs, RRSPs, joint accounts<\/p>\n<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-cdic-in-action-real-world-examples\">CDIC in action: Real world examples<\/h2>\n\n\n\n<p>Here are some scenarios that show how CDIC can protect Canadians:<\/p>\n\n\n\n<p>Dylan has $10,000 in a chequing account and $40,000 in a savings account at the same bank.<\/p>\n\n\n\n<p>He also has $60,000 in GIC at another institution. The full $110,000 would be covered by CDIC as he holds accounts across different banks.<\/p>\n\n\n\n<p>Anita and Raj have a joint chequing account with $80,000 at their primary bank. They also have individual chequing accounts with $10,000 at the same bank. The joint account is covered separately from their individual accounts, giving Anita and Raj total of $80,000 in coverage for their joint account and $10,000 each for their individual accounts.<\/p>\n\n\n\n<p>Carol has multiple accounts at the same bank: a personal chequing account with $5,000, an RRSP with $90,000 and a TFSA with $9,000. Because each account falls under a&nbsp;different CDIC deposit category, they are&nbsp;insured separately \u2014 up to $100,000 per category. That means&nbsp;all of Carol\u2019s deposits are fully protected.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-what-does-cdic-do-if-a-bank-fails\">What does CDIC do if a bank fails?<\/h3>\n\n\n\n<p>While the chances of a bank failure in Canada are&nbsp;extremely low, it\u2019s still important to know how CDIC would step in if it happens.<\/p>\n\n\n\n<p>If a CDIC member institution fails,&nbsp;you don\u2019t need to file a claim or take any action. CDIC will automatically reimburse you for your insured deposits, usually within a few days. This includes both the&nbsp;principal and any interestearned, up to the coverage limits for each deposit category.<\/p>\n\n\n\n<p>Keep in mind, Canada\u2019s banking system is known for its strength and stability. Since its creation in 1967, CDIC has handled&nbsp; 43 failures, affecting more than 2 million depositors. None of the depositors lost a single dollar.<\/p>\n<\/div>\n<\/section>\n\n\n\n<section class=\"wp-block-rbc-section-block  pos-rel has-cool-white-background-color has-background\" style=\"border-radius:0px\">\n<div class=\"wp-block-rbc-section-inner-block  section-inner\" style=\"border-radius:0x\">\n<h3 class=\"wp-block-heading has-text-align-center\" id=\"h-faqs-about-cdic\">FAQs about CDIC<\/h3>\n\n\n\n<div class=\"wp-block-rbc-rbc-collapsible-accordion aligncenter accordion\" id=\"&quot;accordionSet1\">\n<div class=\"wp-block-rbc-rbc-collapsible-panel\"><div class=\"accordion-panel\"><button id=\"accordion-titleab3f97a1\" class=\"collapse-toggle collapsed\" data-target=\"#accordionab3f97a1\" data-toggle=\"collapse\" data-parent=\"#accordionSet1\" aria-expanded=\"false\" data-dig-id=\"LP-96117-ab3f97a1\" aria-controls=\"accordionab3f97a1\" data-dig-category=\"LP\" data-dig-action=\"collapsible closed\" data-dig-label=\"Does CDIC cover multiple accounts?\" action-closed=\"collapsible closed\" action-opened=\"collapsible open\"><div>Does CDIC cover multiple accounts?<\/div><\/button><div class=\"collapse-content collapse\" id=\"accordionab3f97a1\" role=\"region\" aria-labelledby=\"accordion-titleab3f97a1\"><div class=\"collapse-inner\">\n<p>Yes! If the accounts fall into different categories, they\u2019re each insured up to $100,000.<\/p>\n<\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbc-rbc-collapsible-panel\"><div class=\"accordion-panel\"><button id=\"accordion-titlee4cbcf62\" class=\"collapse-toggle collapsed\" data-target=\"#accordione4cbcf62\" data-toggle=\"collapse\" data-parent=\"#accordionSet1\" aria-expanded=\"false\" data-dig-id=\"LP-96117-e4cbcf62\" aria-controls=\"accordione4cbcf62\" data-dig-category=\"LP\" data-dig-action=\"collapsible closed\" data-dig-label=\"How much money does CDIC insure on each account?\" action-closed=\"collapsible closed\" action-opened=\"collapsible open\"><div>How much money does CDIC insure on each account?<\/div><\/button><div class=\"collapse-content collapse\" id=\"accordione4cbcf62\" role=\"region\" aria-labelledby=\"accordion-titlee4cbcf62\"><div class=\"collapse-inner\">\n<p>CDIC insures up to $100,000 <strong>for each deposit category<\/strong> (not for each account). For example, if you have two chequing accounts with $100,000 in each, only the first $100,000 would be covered. If you have a chequing account <strong><em>and<\/em><\/strong> a TFSA each with $100,000 deposited, your full $200,000 would be insured.<\/p>\n<\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbc-rbc-collapsible-panel\"><div class=\"accordion-panel\"><button id=\"accordion-titled46471cd\" class=\"collapse-toggle collapsed\" data-target=\"#accordiond46471cd\" data-toggle=\"collapse\" data-parent=\"#accordionSet1\" aria-expanded=\"false\" data-dig-id=\"LP-96117-d46471cd\" aria-controls=\"accordiond46471cd\" data-dig-category=\"LP\" data-dig-action=\"collapsible closed\" data-dig-label=\"Are my investments covered by CDIC?\" action-closed=\"collapsible closed\" action-opened=\"collapsible open\"><div>Are my investments covered by CDIC?<\/div><\/button><div class=\"collapse-content collapse\" id=\"accordiond46471cd\" role=\"region\" aria-labelledby=\"accordion-titled46471cd\"><div class=\"collapse-inner\">\n<p>Stocks, bonds, mutual funds and ETFs are excluded from CDIC.<\/p>\n<\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbc-rbc-collapsible-panel\"><div class=\"accordion-panel\"><button id=\"accordion-titleea7e6880\" class=\"collapse-toggle collapsed\" data-target=\"#accordionea7e6880\" data-toggle=\"collapse\" data-parent=\"#accordionSet1\" aria-expanded=\"false\" data-dig-id=\"LP-96117-ea7e6880\" aria-controls=\"accordionea7e6880\" data-dig-category=\"LP\" data-dig-action=\"collapsible closed\" data-dig-label=\"What is CIPF?\" action-closed=\"collapsible closed\" action-opened=\"collapsible open\"><div>What is CIPF?<\/div><\/button><div class=\"collapse-content collapse\" id=\"accordionea7e6880\" role=\"region\" aria-labelledby=\"accordion-titleea7e6880\"><div class=\"collapse-inner\">\n<p>The Canadian Investor Protection Fund (CIPF) protects investment accounts held at CIPF-member firms. If a member firm fails, CIPF may cover missing assets in your account, such as cash, stocks or bonds up to $1 million per account category. Like CDIC, you\u2019re automatically covered when you invest through a CIPF member firm. CIPF doesn\u2019t protect against losses due to market downturns or fraud.<\/p>\n<\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbc-rbc-collapsible-panel\"><div class=\"accordion-panel\"><button id=\"accordion-title612540d2\" class=\"collapse-toggle collapsed\" data-target=\"#accordion612540d2\" data-toggle=\"collapse\" data-parent=\"#accordionSet1\" aria-expanded=\"false\" data-dig-id=\"LP-96117-612540d2\" aria-controls=\"accordion612540d2\" data-dig-category=\"LP\" data-dig-action=\"collapsible closed\" data-dig-label=\"How much money is safe in a bank in Canada?\" action-closed=\"collapsible closed\" action-opened=\"collapsible open\"><div>How much money is safe in a bank in Canada?<\/div><\/button><div class=\"collapse-content collapse\" id=\"accordion612540d2\" role=\"region\" aria-labelledby=\"accordion-title612540d2\"><div class=\"collapse-inner\">\n<p>The banking system in Canada is known for its strength, safety and security. On top of that, eligible deposits held at CDIC member institutions are protected by deposit insurance \u2013 up to$100,000 per deposit category, per institution.<\/p>\n\n\n\n<p>That means you may have coverage for more than $100,000 if your funds are spread across different categories or at different banks. While no system can eliminate all risk, CDIC coverage and Canada\u2019s well-regulated banking environment work together to keep your money safe.<\/p>\n<\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbc-rbc-collapsible-panel\"><div class=\"accordion-panel\"><button id=\"accordion-title33429da2\" class=\"collapse-toggle collapsed\" data-target=\"#accordion33429da2\" data-toggle=\"collapse\" data-parent=\"#accordionSet1\" aria-expanded=\"false\" data-dig-id=\"LP-96117-33429da2\" aria-controls=\"accordion33429da2\" data-dig-category=\"LP\" data-dig-action=\"collapsible closed\" data-dig-label=\"Are TFSAs protected by CDIC?\" action-closed=\"collapsible closed\" action-opened=\"collapsible open\"><div>Are TFSAs protected by CDIC?<\/div><\/button><div class=\"collapse-content collapse\" id=\"accordion33429da2\" role=\"region\" aria-labelledby=\"accordion-title33429da2\"><div class=\"collapse-inner\">\n<p>Yes, if held in eligible CDIC products, such as cash or GICs..<\/p>\n<\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbc-rbc-collapsible-panel\"><div class=\"accordion-panel\"><button id=\"accordion-title03484561\" class=\"collapse-toggle collapsed\" data-target=\"#accordion03484561\" data-toggle=\"collapse\" data-parent=\"#accordionSet1\" aria-expanded=\"false\" data-dig-id=\"LP-96117-03484561\" aria-controls=\"accordion03484561\" data-dig-category=\"LP\" data-dig-action=\"collapsible closed\" data-dig-label=\"Should I keep all my money in one bank in Canada?\" action-closed=\"collapsible closed\" action-opened=\"collapsible open\"><div>Should I keep all my money in one bank in Canada?<\/div><\/button><div class=\"collapse-content collapse\" id=\"accordion03484561\" role=\"region\" aria-labelledby=\"accordion-title03484561\"><div class=\"collapse-inner\">\n<p>Not necessarily. While Canada\u2019s banks are stable and well regulated,&nbsp;CDIC only covers up to $100,000 per deposit category, per institution. If you have more than that, spreading your money across different CDIC member banks or account types can help maximize your coverage and give you more flexibility.<\/p>\n<\/div><\/div><\/div><\/div>\n<\/div>\n<\/div>\n<\/section>\n\n\n\t\n\t<div class=\"wp-block-tk-spacer id-bef1c4a3-4dd4-40bb-b1af-5a073a1039a2\" aria-hidden=\"true\"><\/div>\n\t\n\n\n<div class=\"wp-block-group  mar-b-hlf has-rbc-bright-blue-tint-4-background-color has-background is-layout-constrained wp-block-group-is-layout-constrained\">\n<h2 class=\"wp-block-heading has-text-align-center\" id=\"h-learn-about-rbc-s-partnership-with-cdic\">Learn about RBC&#8217;s partnership with CDIC<\/h2>\n\n\n\n<p class=\"has-text-align-center\">Royal Bank of Canada and some of its subsidiaries&nbsp;are proud members of Canada Deposit Insurance Corporation (CDIC). Find out more about the products that are eligible for CDIC insurance.<\/p>\n\n\n\n<div class=\"wp-block-buttons pad-b-hlf is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\"><div>\n<div class=\"wp-block-button  is-style-primary primary btn before\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.rbcroyalbank.com\/partners\/cdic\/index.html\" data-dig-id=\"LP-96117-d98bff85\" data-dig-category=\"LP\" data-dig-action=\"button click\" data-dig-label=\"Learn more-https:\/\/www.rbcroyalbank.com\/partners\/cdic\/index.html \">Learn more<\/a><\/div>\n<\/div><\/div>\n<\/div>\n\n\n\n<p><\/p>\n\n\n\n<div class=\"wp-block-rbc-rbc-default-collapsible\"><p><button class=\"collapse-toggle collapsed\" data-target=\"#collapse834a1009\" data-toggle=\"collapse\" aria-expanded=\"false\" aria-controls=\"collapse834a1009\" data-dig-id=\"LP-57738-834a1009\" data-dig-category=\"LP\" data-dig-action=\"accordion closed\" action-closed=\"accordion closed\" action-opened=\"accordion open\" data-dig-label=\"Things our lawyers want you to know\"><span>Things our lawyers want you to know<\/span><span>Things our lawyers want you to know<\/span><\/button><\/p><div class=\"collapse-content collapse\" id=\"collapse834a1009\">\n<div class=\"wp-block-rbc-collapsible-inner-block collapse-inner\">\n<p>This article is intended as general information only and is not to be relied upon as constituting legal, financial or other professional advice. A professional advisor should be consulted regarding your specific situation. Information presented is believed to be factual and up-to-date but we do not guarantee its accuracy and it should not be regarded as a complete analysis of the subjects discussed. All expressions of opinion reflect the judgment of the authors as of the date of publication and are subject to change. No endorsement of any third parties or their advice, opinions, information, products or services is expressly given or implied by Royal Bank of Canada or any of its affiliates.<\/p>\n<\/div>\n<\/div><\/div>\n<style class=\"advgb-styles-renderer\">\n\t\t.wp-block-tk-spacer.id-bef1c4a3-4dd4-40bb-b1af-5a073a1039a2 {\n\t\theight: 75px;\n\t}\n\n\t@media ( max-width: 480px ) {\n\t\t.wp-block-tk-spacer.id-bef1c4a3-4dd4-40bb-b1af-5a073a1039a2 {\n\t\t\theight: 100px;\n\t\t}\n\t}\t<\/style>","protected":false},"excerpt":{"rendered":"<p>Learn how CDIC (Canadian Deposit Insurance Corporation) works, what accounts it protects, how much it covers and how to maximize your coverage.<\/p>\n","protected":false},"author":319,"featured_media":96118,"parent":57313,"menu_order":0,"template":"wp-custom-template-mmm-sticky-nav","meta":{"_acf_changed":false,"advgb_blocks_editor_width":"","advgb_blocks_columns_visual_guide":"","footnotes":""},"tags":[62,77],"rbc_content_type":[31],"rbc_audience":[],"rbc_lob_group":[509],"rbc_difficulty_level":[70],"rbc_mmm_category":[366,318,304],"class_list":["post-96117","rbc_my_money_matter","type-rbc_my_money_matter","status-publish","has-post-thumbnail","hentry","tag-banking-digital-banking","tag-personal-finance","rbc_content_type-article","rbc_lob_group-accounts","rbc_difficulty_level-intermediate","rbc_mmm_category-account-types","rbc_mmm_category-banking-basics","rbc_mmm_category-money-academy"],"acf":{"contently_publication_id":"","custom_author":"Royal Bank of 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