Canada Deposit Insurance Corporation (CDIC)

Photo of three columns, coloured like the Canadian flag, indicating that BMO.com is a proud member of the Canada Deposit Insurance Corporation.

Canada Deposit Insurance Corporation (CDIC) is a federal Crown corporation created by Parliament. CDIC insures Canadians' savings in case their bank or other CDIC member institution fails or goes bankrupt. CDIC is NOT a bank. CDIC is NOT a private insurance company.

Advisor's Advantage Trust branded deposit instruments are issued by BMO Trust Company, Bank of Montreal, or Bank of Montreal Mortgage Corporation; all are members of CDIC.

Eligible Bank of Montreal deposit instruments and/or products


The following instruments and/or products are eligible for deposit insurance from the CDIC, subject always to maximum coverage limitations as outlined in their brochure "Protecting Your Deposits (256 KB - PDF)" and provided they:

Note: The italicized deposits are no longer offered as new sales.

Chequing and / or Savings Accounts

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Guaranteed Investment Certificates and Term Deposits

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Commercial Chequing and Savings Accounts

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BMO InvestorLine® Accounts

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BMO Nesbitt Burns®†† Accounts

Sundry Items

Mortgage Tax Account

Outstanding Payment Items

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Eligible Bank of Montreal Mortgage Corporation deposit instruments and / or products

The following instruments and/or products are eligible for deposit insurance from the CDIC, subject always to maximum coverage limitations as outlined in their brochure "Protecting Your Deposits (256 KB - PDF)" and provided they:

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Hyperlinks are Not Endorsements

The following instruments and/or products are eligible for deposit insurance from the CDIC, subject always to maximum coverage limitations as outlined in their brochure "Protecting Your Deposits (256 KB - PDF)" and provided they:

Guaranteed Investment Certificates (GICs)1

Term Investments - no longer offered for sale

Outstanding Payment Items

Suspense Accounts

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Eligible BMO Trust Company deposit instruments and/or products

The following instruments and/or products are eligible for deposit insurance from the CDIC, subject always to maximum coverage limitations as outlined in their brochure "Protecting Your Deposits (256 KB - PDF)" and provided they:

Outstanding cash balances of:

Outstanding Payment Items:

Drafts
Certified Drafts

Outstanding Payment Items (not available directly to depositors):

Guaranteed Investment Certificates

Advisor’s Advantage Trust” (“AAT”) instruments and/or products issued by BMO Trust Company:


The following products are no longer offered for sale:

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Trade-mark of Bank of Montreal.
®Registered trade-mark of Bank of Montreal.
™*Trade-mark of BMO Trust Company, issued by Bank of Montreal.
®††Nesbitt Burns is a registered trade-mark of BMO Nesbitt Burns Corporation Limited, used under license
®† Registered trade-mark of AIR MILES International Trading B.V. Used under license by LoyaltyOne Inc, and Bank of Montreal.
1This product and the product having the same name without the preface "BMO" are identical.
2This product is also available in BMO TFSA plans.
3This product is also available in BMO RESP plans.
4This product is also available in BMO RDSP plans.
5This product is also available in BMO RIF plans.