CIBC Student Deposit Program

Get set to study in Canada

Open a Canadian bank account before you arrive. Send yourself money with no service fees¹!

Apply now

Save time and money with one of Canada’s largest banks

Make your move here smooth. Join the bank Canada has trusted for more than 150 years.

No service fees

There are no service fees when you transfer funds in non-Canadian currency¹.

Apply in about 5 minutes

Apply and manage your application online.

Close to campus

Bank at close to 4,000 ATMs and 1,100+ banking centres across Canada.

Find a location near you

Free everyday student banking

Once you arrive, use your account as much as you need. There’s no monthly fee for up to 4 years.

How it works

With the CIBC Student Deposit Program, you can transfer
1,000 CAD - 20,000 CAD.

Apply now

Apply online in about 5 minutes. We’ll review your application within 1 business day. Once you’re approved, you can transfer money in the currency you choose. There are no service fees to transfer funds in non-Canadian currency¹.

Visit a banking centre when you arrive in Canada. You'll get a debit card and can access your money right away.

All your banking needs in one place

We offer a full range of banking services. Here are some more products that might help you with your move to Canada.

Credit cards for students

You can get cash back and travel rewards for no annual fee.

Learn moreabout credit cards for students.

Get a GIC for your study permit

Are you from India, China, Vietnam or the Philippines? Our GIC can help you get approved faster with no processing fees.

Learn moreabout the International Student GIC.

Need help applying?

To learn more about how to apply, check out our guidebook. Here you'll find details about the program and how to fill out the application form.

Apply now

Get $25 when you refer a friend

You’ll both get a $25 bonus when they transfer money to the Student Deposit Program or International Student GIC. You just have to be a Canadian resident with a Canadian bank account.

Learn more

Have a question?

Complete the form below to tell us how we can help.

Or, call foreign cash support from anywhere in the world.

1-855-236-4272

Monday to Friday: 7:00 am to 8:00 pm ET

From India, you can also call:

1-800-121-661-661

Monday to Friday: 8:00 am to 11:00 pm IST

Saturday: 10:00 am to 6:00 pm IST