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Deposit Insurance

Your deposits are protected. That's a guarantee!

The AMF guarantees deposits with registered institutions in the event of the institution's insolvency. This deposit insurance provides a
maximum guarantee of $100,000 per person, per registered institution.

The AMF guarantee applies to deposits of up to $100,000 per person, per registered institution. It applies to the combined total of all
guaranteed deposits (including accrued interest) held in the name of one person at any registered institution. The term “person” in this instance refers to a natural or legal person.

You do not need to apply for the guarantee, as it is automatically in force whenever a person makes an eligible deposit with a registered institution.

Guaranteed deposits primarily comprise deposits in chequing or savings accounts, term deposits and GICs (guaranteed investment certificates). To be guaranteed, deposits must have a term to maturity of five years or less (or be repayable, at any time, on demand by the depositor, after five years from the date of the deposit), be held in Québec and be payable in Canadian currency.

The AMF provides this guarantee through a deposit insurance fund financed through the premiums paid by registered institutions.