TD International Student GIC Program
Leaving your home country to move to Canada is a big undertaking. TD is here to help support you moving forward in your journey to Canada.
When you apply for, and participate in the TD International Student GIC Program, it can help you expedite your study permit application.
What do you get?
TD Student Chequing Account:
A chequing account designed with students in mind, pay no monthly fee1 (until 23
years old or with proof of enrollment in full-time post-secondary education), and enjoy
unlimited transactions included each month, so you can focus on school.
TD International Student GIC:
Enjoy no-fee investing and the security of a set interest rate for the full term. Once
you have satisfied all the conditions for participation in the TD International Student
GIC Program, the principal amount will be redeemed in accordance with a payment
schedule featuring equal monthly payments.
What are the Benefits?
Fully Digital
A simple online application for international students to open both a TD Student Chequing Account and a TD International Student GIC.
No Application Fee
No application fees when you apply for the TD International Student GIC Program.
Convenient
TD serves over 13 million customers nationally in more than 80 languages at over 1,000+ branches across Canada.
How it works
It takes 4 steps to participate in the TD International Student GIC Program:
-
Step 1: Submit your application online
Complete an online application to open both a TD Student Chequing Account and a TD International Student GIC. Once you have successfully submitted the application and completed the ID verification process, you will receive information about your TD Student Chequing Account and wire instructions. -
Step 2: Send wire payment
Fund your TD Student Chequing Account, by sending a wire payment2 (or multiple wire payments) totaling a minimum of CAD $20,635 plus incoming wire payment fee3. These funds must be received by TD within 90 days of account opening.
You may send additional wire payments of any amount to your TD Student Chequing Account until you arrive in Canada.
Make sure to account for any wire transfer fees charged at source from your originating bank, exchange rates (if applicable) and the fee charged for incoming wires, outlined in the TD Service Fee Schedule. -
Step 3: Fund your TD International Student GIC
Once TD receives your wire payment(s), CAD $20,635 will be invested in a TD International Student GIC, and a confirmation document will be sent to you by email. Any additional funds will remain in your TD Student Chequing Account. -
Step 4: Book an in-branch appointment for verification & first payout of GIC
Once you've arrived in Canada, book an appointment at one of our 1,000+ branches to verify your identity, sign the required documentation and activate your accounts.
We will then redeem the first payment amount plus any accrued interest from your GIC and deposit it into your TD Student Chequing Account. The remaining funds will be redeemed in accordance with the GIC Payment Schedule in equal payments plus any accrued interest over the subsequent 10 months.
Have additional questions? See TD's program guide PDF
Get in touch
Book an appointment
Once you arrive in Canada, speak with a banking specialist in person at the branch closest to you or over the phone.
Call from anywhere
Call us collect for free, 24/7.
Contact your local phone operator to place a free collect call.
This information does not constitute an offer or solicitation by anyone in any jurisdiction in which such an offer or solicitation is not authorized or to any person to whom it is unlawful to make such an offer or solicitation.
1 For more information about transactions and a complete list of account fees, click here for Accounts and related service fees. For information on our general services, please view our General List of Services.
2 Once the TD Student Chequing Account is opened and TD International Student GIC is funded, no transactions will be permitted on them until you have completed all the program requirements at a TD Canada Trust branch in Canada
3 There is a fee for receiving a wire payment as outlined in the TD Service Fee Schedule in our About our Accounts and related services document which you will need to account for in your wire payment amount.