Directory · Schedule III
Schedule III: foreign bank branches in Canada
Branches of foreign banks authorized to operate in Canada directly. Full-service branches generally can’t accept deposits under $150,000; lending branches can’t take deposits. None is a CDIC member. OSFI’s October 1, 2026 file lists 29: 27 full-service and 2 lending branches.
OSFI list (file dated October 1, 2026) checked October 30, 2026
| Foreign bank (branch in Canada) | Branch type | CDIC |
|---|---|---|
| BNP Paribas | Full-service | No |
| Bank of America, National Association | Full-service | No |
| Bank of China Limited | Full-service | No |
| The Bank of New York Mellon | Full-service | No |
| Barclays Bank PLC | Full-service | No |
| Capital One, National Association | Full-service | No |
| Chang Hwa Commercial Bank, Ltd., Toronto Branch (MU) | Full-service | No |
| China Construction Bank | Full-service | No |
| Citibank, N.A. | Full-service | No |
| Coöperatieve Rabobank U.A. | Full-service | No |
| Deutsche Bank AG | Full-service | No |
| Fifth Third Bank, National Association | Full-service | No |
| First Commercial Bank | Full-service | No |
| JPMorgan Chase Bank, National Association | Full-service | No |
| M&T Bank | Full-service | No |
| MUFG Bank, Ltd. | Full-service | No |
| Maple Bank GmbH | Full-service | No |
| Mega International Commercial Bank Co., Ltd. | Full-service | No |
| Mizuho Bank, Ltd. | Full-service | No |
| The Northern Trust Company | Full-service | No |
| PNC Bank, National Association | Full-service | No |
| Société Générale | Full-service | No |
| State Street Bank and Trust Company | Full-service | No |
| Sumitomo Mitsui Banking Corporation | Full-service | No |
| U.S. Bank National Association | Full-service | No |
| United Overseas Bank Limited | Full-service | No |
| Wells Fargo Bank, National Association | Full-service | No |
| Crédit Agricole Corporate and Investment Bank | Lending | No |
| Natixis | Lending | No |
Schedule III branches serve mainly corporate and institutional clients. Full-service branches generally can’t take deposits under $150,000 and none is CDIC-insured.
Several US banks on this list also own or are related to US retail banks; a US account is covered by the FDIC, not CDIC. See the cross-border explainer.
Is money at a foreign bank branch protected?
Worked example — $200,000 placed with a foreign bank branch
| Deposit | Amount | Protected | Not protected |
|---|---|---|---|
| $200,000 term deposit at a Schedule III branch | $200,000 | $0 | $200,000 |
The same money at a CDIC member would be protected to $100,000 per insured category. Check any name on the CDIC member 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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