Get your GIC Program account with the CIBC faster, cheaper and easier

Apply online in minutes for the CIBC International Student GIC program, with the help of CIBC International Student GIC Program your study permit application with a verifiable Proof of Financial Support will be Expedited.

Benefits of Choosing the TD
International Student GIC Program

Easy to apply

Simple online application to open both a CIBC Student Chequing Account and a CIBC International Student GIC.

Free Application

No application fee to open the GIC and start earning interest at a competitive rate even before arrival in Canada.

Wire payment

Send multiple wire payments for the GIC purchase

Global branches

Over 1,000 branches with advisors speaking more than 80 languages; longer branch hours and more branch coverage than any other bank in Canada.

Chequing Account

The CIBC Student Chequing Account comes with no monthly fee and unlimited transactions. Ability to view accounts online.

Status Tracker

Track your status online: Monitor your account and GIC using online banking even before your arrival in Canada.

ATM

Thousands of Automated Teller Machines (ATMs) across Canada in 7 languages, and services in more than 200 languages over the phone.

Security

Strengthen your study permit application and increase Immigration Officials’ trust in your Proof of Financial Support document.

How It Works

STEP 1: SUBMIT YOUR APPLICATION ONLINE

Review and Complete the Form

Using the form provided, complete the online application form to open a CIBC GIC account. Once you have successfully submitted the application and upload your LOA and your International Passport. 

STEP 2: SEND PAYMENT

Send an International Wire Payment

Transfer $20,635 CA with no transaction fees when you transfer in foreign currency.

STEP 3: ACTIVATE YOUR ACCOUNT

Book an In-Branch Appointment for Verification and First GIC Payout​

When you visit a CIBC Banking Centre, we’ll deposit $6,190.50 CA into your CIBC chequing account.

We’ll invest the remaining $14,444.50 CA into your GIC Program Account.

STEP 4: PAYOUT

GIC Payout

You’ll get the full amount invested in the GIC Program Account back in 11 equal payments over 1 year, plus you’ll earn interest!

Click here for more details about the CIBC International Student GIC Program and International Student Banking Package.