ING Bank of Canada at a Glance
ING Bank of Canada was launched in April 1997. Its first product was a high-interest savings account. Today it has attracted more than 650,000 clients with deposits in excess of $8 billion.
It is now the 9th largest consumer deposit bank in Canada and has over 600 employees.
Headquartered in Toronto, Ontario, ING Bank of Canada is a federally chartered Canadian bank, which means it abides by the same rules and regulations as all other Canadian banks.
Just like any other bank or insurance company, ING Bank of Canada is regulated by the Office of the Superintendent of Financial Institutions (OSFI). Furthermore, it is a member institution of the Canada Deposit Insurance Corporation, which guarantees eligible deposits up to $100,000.
ING Bank of Canada is a member of ING, one of the world's largest providers of integrated financial products and services, ranging from insurance to investments to banking. With over $1,000 billion in assets, ING operates in 60 countries.