Directory · Schedule II
Schedule II: foreign bank subsidiaries
Banks incorporated in Canada and controlled by foreign banks. They follow the same Bank Act rules as domestic banks; most take deposits and are CDIC members.
OSFI list (file dated October 1, 2026) checked October 30, 2026
| Bank | Note | CDIC member |
|---|---|---|
| Amex Bank of Canada | No | |
| Bank of China (Canada) | Yes | |
| CTBC Bank Corp. (Canada) | Yes | |
| Cidel Bank Canada | Yes | |
| Citco Bank Canada | No | |
| Citibank Canada | Yes | |
| Habib Canadian Bank | Yes | |
| ICICI Bank Canada | Yes | |
| Industrial and Commercial Bank of China (Canada) | Yes | |
| J.P. Morgan Bank Canada | Yes | |
| KEB Hana Bank Canada | Yes | |
| SBI Canada Bank | Yes | |
| Santander Consumer Bank | Yes | |
| Shinhan Bank Canada | Yes | |
| UBS Bank (Canada) | Yes |
Not every subsidiary takes retail deposits
Amex Bank of Canada and Citco Bank Canada were not on CDIC’s member list when we checked. If a Schedule II bank offers you a deposit, confirm it on the CDIC list.
OSFI’s data doesn’t print the words “Schedule I/II/III”: it lists domestic banks, foreign bank subsidiaries and foreign bank branches. We map those to the Bank Act schedules. More: schedules explained.
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