Student Guaranteed Investment Certificate is a mandatory requirement is you are applying for student visa under the Study Direct Stream. But even if you're applying under the Regular Processing, you may also submit a GIC and it helps increase your chances of your approval.
Initially, only Scotiabank offers Student GIC Program. But Canadian Imperial Bank if Commerce (CIBC) now also offers Student GIC Program and they have a more simple process.
#1 go to this link > https://isbo.cibc.com , then choose Student GIC , Select payment currency "USD"
then Click Student Information.
#2 then fill up student information , please attach also your Admission Letter or Letter of Acceptance from your School , in Creating password please take note of your password , password is case sensitive
my sample password : Legacyofd!7
If you enter zetteski0916@yahoo.com in the referral details, CIC and you will get a CAD 25 referral bonus.
#3 review all the details if done you may now submit it
heres the output
Please note that the minimum funds for GIC is CAD 10,000 for the Principal Applicant and maximum funds of CAD 20,000 that can cover living expenses of the accompanying spouse (CAD 4,000)and two accompanying child(CAD 3,000 x 2). Adding the living expenses of the accompanying dependents is optional but it is also recommended as this will also be counted as proof of funds.
UPDATE as of May 9 2019
I got an email from CIBC to download the payment instructions for GIC
Interested to Study, Work and Live in Canada? Here's what you may do:
- We can talk about your plan over the phone (Smart 09989950569)(Globe 09773598538)
- We also do FREE Online Assessment -Mr.Patrick Reyes
- You may attend one of our One on One Orientation Seminar
- Or send resume to patrick@gatewaytocanada.com
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