Yes. Peoples Trust Company (PTC) is the issuer of the STACK Reloadable Mastercard and is a member institution of the Canada Deposit Insurance Corporation (CDIC). Funds loaded onto your STACK Reloadable Mastercard are held by Peoples Trust Company and are considered an eligible deposit for CDIC. Eligible deposits held at Peoples Trust Company are protected by CDIC, up to a maximum of $100,000, per insured category, per depositor, per CDIC member institution. For further information, visit CDIC Website (https://www.cdic.ca/wp-content/uploads/cdic-protecting-your-deposits-brochure-en.pdf).
For more details on STACK and CDIC please visit https://www.getstack.ca/cdic.