Canada Deposit Insurance Corporation (CDIC)


CDIC Digital Membership Sign

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.

Bank of Montreal and its subsidiaries Bank of Montreal Mortgage Corporation and BMO Trust Company are members of CDIC.

The following are registered trade names:

The following instruments and products are eligible for deposit insurance from the CDIC, subject always to maximum coverage limitations as outlined in their brochure "Protecting Your Deposits" and provided they are payable in Canada:


Eligible Bank of Montreal deposit instruments and products (as of April 30, 2020)

Chequing and / or Savings Accounts

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

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Guaranteed Investment Certificates and Term DepositsFootnote 1

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

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Business Banking Chequing and Savings Accounts

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

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BMO InvestorLine® Accounts

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BMO Nesbitt Burns Accounts

Sundry Items

Outstanding Payment Items (in Canadian and U.S. dollars where applicable)

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Eligible Bank of Montreal Mortgage Corporation deposit instruments and products (as of April 30, 2020)

Guaranteed Investment Certificates (GICs)Footnote 1

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

Outstanding Payment Items

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BMO Trust Company List of CDIC Eligible Deposit Products (as of April 30, 2020)

Outstanding cash balances of (in Canadian and U.S. dollars where applicable):

Guaranteed Investment Certificates and Term Deposits:

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

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

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™*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.
Footnote 1These products and the products having the same name without the preface “BMO” are identical.
Footnote 2This product is also available in BMO TFSA plans.
Footnote 3This product is also available in BMO RESP plans.
Footnote 4This product is also available in BMO RDSP plans.
Footnote 5This product is also available in BMO RIF plans.