INTERNATIONAL STUDENT GIC PROGRAM
Get your GIC Program account faster, cheaper and easier
Our no-fee GIC Program account* helps students meet the requirements for a Student Direct Stream (SDS) study permit.
Save with one of Canada’s largest banks
Join the bank Canadians have trusted for more than 150 years with locations near every campus in Canada.
Apply in 5 minutes with same-day processing.
Save money with no processing fees on foreign currencies. 1
Do everything from your device. Submit online and track your progress.
How it works
With the CIBC Student GIC Program, you can transfer $10,000 CA to $20,000 CA.
Here’s an example:
Transfer $10,000 CA with no foreign currency transaction fees.
When you visit a CIBC Banking Centre, we’ll
deposit $2,000 CA into your account.
We’ll invest the remaining
$8,000 CA into your GIC Program account
You’ll get the full amount back plus interest in
11 equal payments over 1 year.
For more details, including information on completing your application, check out the International Student Banking Offer (ISBO) Application Guidebook in your preferred language.
Get $25 when you refer a friend
You’ll both get a $25 bonus when they transfer money to an International Student GIC Program account, even if you aren’t a CIBC client.
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Read the CIBC ISBO Terms and Conditions , the (PDF, 170 KB) Opens in a new window. CIBC ISBO GIC Program Terms and Conditions and the (PDF, 150 KB) Opens in a new window. CIBC ISBO Referral Program Terms and Conditions . (PDF, 595 KB) Opens in a new window.
exchange rates apply. If you are transferring funds in your selected currency, once you have entered an amount to be transferred, the Online Platform will display a quote in your selected currency and the proposed foreign exchange rate for the relevant currency pair. The quote will remain valid until the expiry date and time displayed on the Online Platform (the “Quote Period”). During the Quote Period, you will not be able to initiate another transfer or obtain another quote. 1 Foreign
The foreign exchange rate is provided by CIBC. CIBC earns income from the difference (the spread) between the prices at which we buy and sell foreign currency. Our spreads may differ from time to time and can change (without prior notice). This spread is reflected in the quote provided to you on the Online Platform and may be considered to be an indirect cost to you.
If you are transferring funds in Canadian currency, you may be charged additional fees. These fees will be clearly displayed to you before you finalize your funds transfer on the Online Platform.
*Simplii Financial banking services are not available in Quebec.