Debanking in Canada (2025): Who Really Owns Your Money, and How to Take Back Control

We discuss “debanking” (or “de-risking”) in Canada, where banks close customer accounts for perceived financial, legal, regulatory, or reputational risk, potentially cutting people off from essential activities. We argue bank deposits are legally loans to banks, making depositors unsecured creditors, and cite the 2022 trucker convoy account freezes as a precedent.

We also describe fractional reserve banking as fragile, claim deposits are bank liabilities used repeatedly for lending while depositors earn little interest, and warn about potential harms of a CBDC as a programmable dollar. Noting that six big banks hold 93% of Canadian deposits, we emphasize control and propose “debanking the bankers” by using credit unions and “becoming your own banker” by storing and growing capital through specially designed insurance policies, aiming for a 10% tipping point to drive change.

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00:00 Do You Own Money

01:00 Debanking Explained

02:48 Trucker Convoy Precedent

04:12 Canada Account Rules

05:32 Fractional Reserve Reality

08:39 Banks Profit Off Deposits

11:12 Unsecured Creditor Truth

15:32 CBDC Control Risks

18:12 Take Back Control

22:32 Debank the Bankers

24:09 Become Your Own Banker

26:24 Final Thoughts and Outro