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Institution profile · No longer operating separately

HSBC Bank Canada

AcquiredHSBC Bank Canada

HSBC Bank Canada was the Canadian subsidiary of HSBC until RBC acquired it in March 2024. It no longer exists as a separate bank.

Profile facts checked October 30, 2026
Mitey the Yeti reading HSBC Bank Canada’s fine print
What changed

Acquired by Royal Bank of Canada on March 28, 2024 and amalgamated into RBC. Branches reopened as RBC locations on April 1, 2024.

At a glance

Legal name
HSBC Bank Canada
Type
No longer operating separately
Owner / parent
Royal Bank of Canada (since March 28, 2024)
Regulator
Now part of Royal Bank of Canada (OSFI-regulated)
Website
www.rbc.com

Deposit protection

No longer a separate CDIC member. Former HSBC Canada clients are RBC clients, covered under RBC’s CDIC membership.

Facts, with sources

  1. RBC completed its acquisition of HSBC Bank Canada on March 28, 2024.
    Source: sec.gov
  2. HSBC Canada branches and offices opened as RBC locations on April 1, 2024.
    Source: sec.gov
  3. OSFI letters patent amalgamated HSBC Bank Canada and related HSBC companies into Royal Bank of Canada.
    Source: gazette.gc.ca
Mitey the Yeti, CanadianBanks.ca’s guide, pointing out a tip
Mitey’s note

Fees for this institution aren’t in FCAC’s tool. Ask for its fee schedule and put the numbers into the account-fee calculator.

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