Are my deposits on PC Money™ Account spending and savings balances covered by CDIC?
Yes. President’s Choice Bank is a member of the Canada Deposit Insurance Corporation (CDIC). The PC Money™ Account product is eligible for deposit insurance from the CDIC. CDIC protects eligible deposits to a maximum of $100,000 per depositor and per insured category. For more details, refer to the CDIC website (opens in a new window).