If you're a student from India or Philippines, the Scotiabank Student GIC Program can help you plan for your studies in Canada.Apply now
Scotiabank is one of the largest banks in Canada, serving over 23 million customers all over the world. When you bank with Scotiabank, you will have access to over 1,000 branches and more than 3,500 Scotiabank ABMs across Canada, so it's easy to find one near your school or residence.
The Scotiabank StartRight® Program1 for international students doesn’t just help you apply for your Study Permit, it offers so much more including: a banking package that lets you bank with no monthly fees2, an unsecured credit card with free movie rewards3 and a suite of products and services that can help you enjoy your time in Canada. We collaborate with the Canadian government to assist students pursue their studies in Canada.
The Scotiabank Student GIC Program (SSGP) enables you to meet the requirements of the Citizenship and Immigration Canada guidelines and provides access to funds to help pay for living expenses while you’re studying in Canada.
Under this program, you can purchase a Guaranteed Investment Certificate (GIC) from Scotiabank for $10,000 Canadian dollars (CAD). A GIC is an investment account that offers a guaranteed interest rate over a fixed period of time
APPLY FOR YOUR STUDY PERMIT
SETTLE IN CANADA
If your Visa or Study Permit is declined or cancelled, Scotiabank will return your $10,000 CAD investment or the remaining balance if you have already received a portion of the funds. You will need to prove that:
If you withdraw from your studies in Canada, tell your Scotiabank branch that you're returning to your home country.
We'll close your account(s), then you can request your refund when you return to your home country.
Follow these 2 simple steps to request your Scotiabank Student GIC Program refund. Once Scotiabank has approved your refund request, it may take up to 4 weeks for you to receive your refund.
If you have additional questions or require support, please call us collect and speak to Scotiabank Student GIC Customer Service at (001) 416-288-4119(001) 416-288-4119. Our representatives in Canada are available to speak with you Monday to Friday, 9:00 a.m. to 9:00 p.m. Eastern Time (excluding Canadian public holidays).