Yes. Meridian’s Fraud Management team is fully operational. We take the security of our Members very seriously and we have a robust fraud-monitoring program in place to protect Meridian and our Members.
We guarantee that it is safe to keep your money at Meridian. As a regulated financial institution, deposits at Meridian are guaranteed for up to $250,000 per Member, and deposits held in joint Member accounts are separately insured up to $250,000. There is also unlimited coverage on registered deposits per Member, such as TFSA’s, RRSP’s, RIF’s and other applicable registered plans. This coverage is insured through DICO (Deposit Insurance Corporation of Ontario) and protects deposits in chequing and savings accounts, term deposits and guaranteed investment certificates of any term, money orders, bank drafts, funds in transit, and index-linked term deposits (principal portion only).
Read more about DICO