Skip to main content

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

Find Out More About the Instruments and/or Products at RBC® That Are Eligible.

Deposit Register of Eligible Products (opens PDF in new window)

Learn the Full Details of Coverage and Limitations Set by the CDIC.

Protecting your Deposits (opens PDF in new window)

For Further Information Concerning Funds Held in Trust:

Personal

You received this notice because the account met one of the criteria that we used to identify possible trust accounts in our systems. Please contact your local RBC Royal Bank branch(opens new window) and let them know why you think your account is not a trust account. We will evaluate the information and discuss the situation with you.
You received this notice because your account met one of the criteria that we used to identify estate accounts in our systems. Please contact your local RBC Royal Bank branch(opens new window) and let them know why you think your account is not an estate account. We will evaluate the information and discuss the situation with you.
Please contact your local RBC Royal Bank branch(opens new window) and let them know. We will evaluate the information and discuss the situation with you.
FAQs for Personal Clients(opens new window)

Business

You received this notice because the account met one of the criteria that we used to identify possible trust accounts in our systems. Please contact your local RBC Royal Bank branch(opens new window) and let them know why you think your account is not a trust account. We will evaluate the information and discuss the situation with you.
An estate account can be part of the property of a trust set up by the terms of the Will. Such a trust is called a testamentary trust. If you hold funds in an estate account for two or more beneficiaries of a testamentary trust, for the beneficiaries to be eligible to receive separate CDIC coverage of up to a maximum of $100,000 each, you must notify RBC of the portion of funds allocated to each beneficiary.
In the unlikely event of a bank failure, if this information is not provided to RBC this year, then multiple beneficiaries may not be insured for possible losses in excess of the maximum eligible coverage of $100,000 per deposit account.

Note: If a trust account is not identified as a trust account on our records, funds in that account may be aggregated with all other accounts of the depositor for purposes of determining maximum eligible coverage.
FAQs for Business Clients(opens new window)

Ensure beneficiaries of the Funds Held in Trust are Eligible for Maximum CDIC Coverage.

CDIC
Further Information concerning CDIC:

Visit www.cdic.ca(opens new window)