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If you are a Trustee who holds eligible deposits in trust at a CDIC Member Institution in your professional capacity, you may be a Professional Trustee. Professional Trustees can choose to benefit from less onerous disclosure requirements. For more information, please visit Professional Trustees.

A professional trustee is a person (or a company) who acts as a trustee of a trust. That person (or company) has no interest in the assets of the trust ? that is, they are not a beneficiary of the trust and are not entitled to share in the assets of the trust.

Members include banks, federally regulated credit unions, as well as loan and trust companies. Search form for checking CDIC member institutions.

The CDIC Act defines a Professional Trustee is defined as follows: ? a public trustee of a province or a similar public official whose duties involve. holding moneys in trust for others. ? a federal, provincial or municipal government, or a department or agency of. such a government.

What are the benefits of using a corporate trustee? Avoids probate at death, including multiple probates if you own property in other states. Prevents court control of assets at incapacity. Brings all of your assets together under one plan. Provides maximum privacy. Quicker distribution of assets to beneficiaries.

Royal Bank of Canada and some of its subsidiaries1 are proud members of Canada Deposit Insurance Corporation (CDIC).

The Federal Deposit Insurance Corporation (FDIC) is an independent federal agency insuring deposits in U.S. banks and thrifts in the event of bank failures. The FDIC was created in 1933 to maintain public confidence and encourage stability in the financial system through the promotion of sound banking practices.

Deposit insurance is one of the significant benefits of having an account at an FDIC-insured bank?it's how the FDIC protects your money in the unlikely event of a bank failure. The standard insurance amount is $250,000 per depositor, per insured bank, for each account ownership category.

The FDIC protects the money depositors place in insured banks in the unlikely event of an insured-bank failure. Each depositor is insured to at least $250,000 per insured bank. FDIC deposit insurance covers all types of deposits held at an insured bank.

The FDIC, or Federal Deposit Insurance Corporation, is an agency created in 1933 during the depths of the Great Depression to protect bank depositors and ensure a level of trust in the American banking system.