Overview
When you hold CAD funds with Loop, your money isn’t just secure — it’s protected under Canada’s federal deposit insurance system. Loop places your CAD funds in trust, under your business’s name, at leading Canadian banks that are members of the Canada Deposit Insurance Corporation (CDIC).
This structure ensures that even in the unlikely event Loop were to go out of business, your funds would remain separate and protected. You also benefit from CDIC’s deposit protection, which safeguards eligible deposits at its member financial institutions.
How Loop Safeguards Your Funds
Loop holds your CAD balances in trust under your business’s name at regulated Canadian banks.
These accounts are maintained at leading CDIC member institutions, ensuring your deposits are eligible for insurance protection.
Loop maintains all records required to ensure CDIC coverage applies correctly to each client’s funds.
If Loop were ever to cease operations, your CAD funds would remain safe and accessible through the underlying bank.
Notes
CDIC insurance covers eligible deposits (such as cash balances) up to the limits set by CDIC per depositor, per member institution.
Coverage applies automatically — you don’t need to register or take any action.
Loop continuously monitors and maintains trust structures to ensure compliance with CDIC regulations.