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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
Mitey the Yeti reading HSBC Bank Canada’s fine print

What is HSBC Bank Canada?

HSBC Bank Canada no longer operates as a separate institution. Acquired by Royal Bank of Canada on March 28, 2024 and amalgamated into RBC. This page records what happened, where its accounts went and the official sources, so you can check how your deposits are protected now. Use CDIC’s member list to confirm where deposits sit today.

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

Is my money safe at HSBC Bank Canada?

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

What else should you know about HSBC Bank Canada?

  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.

Educational information only, not financial, legal or tax advice. CanadianBanks.ca is independent and is not affiliated with, endorsed by or paid by any institution listed. Confirm details with the institution and the official sources linked on each page before you act. Read the full disclaimer.

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