Figuring out deposit insurance just became easier, thanks to a free mobile app available from Canada Deposit Insurance Corporation (CDIC).

Read: Do clients know if their money is protected?

The CDIC Estimator will calculate deposit insurance (within a range) in four easy steps: Where do you bank? What type of deposit do you have? In what category? And of course, how much?

This app is available in Apple, Android, Windows and Blackberry stores.

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