Are my deposits insured with EQ Bank?
Asked a year ago
Deposits held with EQ Bank are insured by the Canada Deposit Insurance Corporation, commonly known as CDIC. This insurance provides protection for eligible deposits up to a certain limit, which is currently set at two hundred thousand Canadian dollars per depositor, per insured category. It is important to note that this coverage applies only to Canadian currency and select types of deposits. For those looking to ensure that their funds are indeed protected, it is advisable to familiarize oneself with the specific terms and conditions outlined by the CDIC. Additionally, EQ Bank provides comprehensive information on this topic on their official website, which can be a valuable resource for understanding the extent of insurance coverage and eligible accounts.
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