Guaranteed Investment Certificate(GIC) Accounts
About-Guaranteed Investment Certificate(GIC) Accounts
Secure Your Study Visa
For Canada-bound students, our GIC accounts help you meet visa requirements easily. Fast onboarding, trusted partners, and complete compliance with Canadian law.
Guaranteed Investment Certificate (GIC) accounts are essential for Canada-bound students to fulfill student visa requirements. These accounts provide proof of financial stability, a key condition for obtaining a study permit. With fast onboarding, complete transparency, and trusted banking partners, GIC accounts ensure full compliance with Canadian regulations. Our hassle-free process helps students secure their funds securely before arrival in Canada, offering peace of mind and a smoother transition into their academic journey abroad
FREQUENTLY ASKED QUESTIONS
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1.Which banks offer GIC accounts for international students?
Trusted institutions like Scotiabank, ICICI Bank Canada, HSBC Canada, and CIBC offer GIC accounts specifically tailored for international students under the SDS program.
2. When will I receive the money from my GIC account in Canada?
Once you arrive in Canada and complete in-person verification at the bank, a portion of the GIC (typically around CAD 2,000) is given upfront. The remaining amount is disbursed in monthly installments over 10 to 12 months.
How do I open a GIC account from outside Canada?
You can open a GIC account online through a Canadian bank or financial institution that is approved under the SDS. The process includes submitting documents, completing identity verification, and transferring the required funds.
4. How much money do I need to deposit in a GIC account?
Students are usually required to deposit CAD 10,000 to CAD 20,000, depending on the financial requirement set by Immigration, Refugees and Citizenship Canada (IRCC) for their province or institution.
5. What is a GIC account and why is it required for studying in Canada?
A GIC (Guaranteed Investment Certificate) account is a special type of account that proves a student has enough funds to support themselves in Canada. It is a mandatory requirement under the Student Direct Stream (SDS) visa program for many international students.
