Institution profile · Foreign bank subsidiary (Schedule II)
Citibank Canada
ActiveCitibank CanadaCDIC
Citibank Canada is Citigroup’s Schedule II subsidiary. Citi closed its Canadian retail bank in 2010 and now focuses on commercial, private banking and cards businesses.
Profile facts checked October 30, 2026
What is Citibank Canada?
Citibank Canada is foreign bank subsidiary, owned by Citigroup, regulated by OSFI at the federal level. Eligible deposits are CDIC-insured to $100,000 per category. It doesn’t list personal accounts in FCAC’s Account Comparison Tool, so this page covers its official status, deposit protection, ownership and dated facts.
At a glance
- Legal name
- Citibank Canada
- Type
- Foreign bank subsidiary (Schedule II)
- Owner / parent
- Citigroup
- Head office
- Toronto, ON
- Founded
- 1919 — Citi traces its Canadian roots to 1919.
- Regulator
- Office of the Superintendent of Financial Institutions (OSFI) for safety and soundness; Financial Consumer Agency of Canada (FCAC) for consumer protection
- Website
- www.citigroup.com/global/about-us/global-presence/canada
Is my money safe at Citibank Canada?
Citibank Canada is a CDIC member. Citibank, N.A.’s Canadian branch (Schedule III) is not.
Worked example — savings and an RRSP at one Schedule II bank that is a CDIC member
| Deposit | Amount | Protected | Not protected |
|---|---|---|---|
| Schedule II member: Own name | $150,000 | $100,000 | $50,000 |
| Schedule II member: RRSP | $90,000 | $90,000 | $0 |
Total $240,000; protected $190,000; not protected $50,000. Try your own deposits in the deposit safety tool.
Names CDIC lists for this member: Citi, Citi Canada, Citi Private Bank, Citi Wealth, CPB.
Citibank Canada doesn’t list personal chequing or savings accounts in FCAC’s Account Comparison Tool (retrieved November 1, 2026), so we can’t price its accounts here. Check its own fee disclosures.
Is Citibank Canada on the official lists?
| Legal entity | OSFI list | CDIC member |
|---|---|---|
| Citibank Canada | OSFI — Schedule II foreign bank subsidiary | Yes |
What else should you know about Citibank Canada?
- Head office at 123 Front Street West, Toronto.Source: citigroup.com
- Citi’s Canada timeline lists the sale of consumer branches to Canada Trust in 1999 and the closure of its Canadian retail bank in 2010.Source: citigroup.com
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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