Funds loaded onto your Dayforce Prepaid Mastercard are held by Peoples Trust Company (Peoples Trust), the issuer of the card and a member institution of Canada Deposit Insurance Corporation (CDIC), and the funds are considered an eligible deposit. You as a cardholder are recorded as a depositor on Peoples Trust’s records. If a member institution fails, CDIC will reimburse your insured funds for eligible deposits made under the member institution, up to maximum of $100,000 per insured category, per depositor, per CDIC member institution. This means if Peoples Trust closes, CDIC will reimburse your funds on the card, combined with any other eligible deposits you have with Peoples Trust, for up to $100,000 of deposit protection, per insured category, per depositor. For more details about CDIC insurance coverage under Peoples Trust Company, visit: Protecting Your Deposits
. Ceridian HCM is not a CDIC member institution.