Float balances are not CDIC insured at this time.
Float is a registered MSB (Money Services Business) in Canada. We are also SOC2 Type 2-certified, ensuring adherence to robust security protocols as verified by independent audits. Float provides enterprise-level security and manages our customers' data with the highest standard of security and compliance. To obtain a copy of Float's SOC 2 Type 2 report, email security@floatfinancial.com.
Customer funds are held at Tier 1 Canadian banks and are always held in dedicated accounts. As a program partner of Visa and MasterCard, our customers enjoy top-tier fraud protection and dispute resolution practices.
Please contact support@floatfinancial.com if you have any questions about funds storage.
For more information on Float's overall security practices, visit https://floatfinancial.com/features/security/