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I don’t see Venn listed on CDIC’s website, are you covered?

Michael Tan avatar
Written by Michael Tan
Updated over a week ago

Venn holds customer funds in designated professional trustee trust accounts at the Bank of Montreal (BMO), which is a CDIC member institution. These funds are legally segregated from Venn’s own assets and recorded to you as the beneficial owner. This means your balance is not exposed to our business risks and is eligible for deposit insurance at the member bank if CDIC’s requirements are met. You can also verify BMO’s membership on the official CDIC website on the list of member institutions.

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