FSRA is actively reviewing all DICO regulatory direction, including but not limited to forms, guidelines and FAQs.

Until FSRA issues new regulatory direction, all existing regulatory direction remains in force.

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Deposits Held in More than One Name (joint deposits)


DICO automatically insures eligible Canadian deposits in non-registered accounts in more than one name (joint deposits). Couples, partners or parent/child combinations are a few examples of people who might have joint accounts.

What's covered?

Insured joint deposits held in non-registered accounts include savings accounts, chequing accounts, term deposits and GICs held in an Ontario credit union. To be insured, a deposit must be held in Canadian dollars.

How much is covered?

Deposits held jointly are separately insured from deposits held in the names of an individual.

DICO insures up to $250,000 held in eligible joint deposits at an Ontario credit union. The total of all insured deposits in the same joint names is covered up to $250,000. Joint deposits with different joint owners and the deposits of each owner of the joint account are separately insured.

More than $250,000 in savings?

DICO provides separate insurance for deposits held in one name, jointly in more than one name, in a trust account and unlimited coverage for registered accounts.