Banks in Quebec

Desjardins Group is a credit union in Canada. Our directory records its head office in Quebec. It is supervised by OSFI / FCAC. Credit unions in Canada are regulated provincially, so deposit protection comes from the relevant provincial scheme rather than the federal CDIC framework that covers banks. It is owned by its members rather than by outside shareholders, so earnings are returned to members through rates, fees or dividends.

A Canadian bank headquartered in Montreal, Quebec, and the sixth-largest bank in the country. It is a Schedule I federally regulated bank supervised by OSFI, with deposits insured by the CDIC. National Bank is weighted towards Quebec and francophone Canada, and operates in personal and commercial banking, wealth management and financial markets, expanding westwards through acquisitions.

A Canadian bank headquartered in Montreal, Quebec, and one of the smaller Schedule I federally regulated banks. It is supervised by OSFI and its deposits are insured by the CDIC. Laurentian focuses on Quebec retail banking, commercial lending to small and mid-sized businesses, and equipment financing, and has undergone repeated strategic restructuring to narrow that focus.

A Canadian digital bank headquartered in Toronto, Ontario, and a wholly owned subsidiary of Scotiabank. It is a Schedule I federally regulated bank supervised by OSFI, with deposits insured by the CDIC. Tangerine operates without branches, offering savings accounts, current accounts, mortgages, investment funds and credit cards, and was originally launched as ING Direct Canada.

A Canadian digital banking brand owned by CIBC, headquartered in Toronto, Ontario. It operates as a division of CIBC rather than as a separately chartered bank, so deposits are covered by the CDIC through CIBC's federal charter. Simplii has no branches and offers no-fee chequing, savings, mortgages, lines of credit and credit cards to customers nationally.

The digital banking brand of Equitable Bank, headquartered in Toronto, Ontario. Equitable Bank is a Schedule I federally regulated bank supervised by OSFI, so EQ Bank deposits are insured by the CDIC. EQ Bank has no branches and serves customers nationally through a web and app platform, offering savings accounts, guaranteed investment certificates and, more recently, a prepaid card and account.

A Canadian financial technology company headquartered in Toronto, Ontario, and not a bank. It provides investment management, commission-free trading, and — through partner institutions — savings and spending accounts, so deposit protection depends on the partner bank. Wealthsimple is one of the largest digital investment platforms in Canada by client numbers, focused on long-term investing rather than deposit taking.

A Canadian financial technology company headquartered in Toronto, Ontario, and not a bank. Koho provides a prepaid card and spending account through a partner institution, so deposit protection depends on that partner rather than on Koho itself. It is built around budgeting tools, cash-back rewards and credit-building features, and is aimed at everyday spending rather than savings or lending.