RBC (Royal Bank of Canada)
RBC (Royal Bank of Canada) is one of the largest and most reputable financial institutions in Canada and globally. Founded in 1864 and headquartered in Toronto, RBC offers a wide range of financial services, including personal and commercial banking, wealth management, insurance, and capital markets.
Open GIC Account
RBC (Royal Bank of Canada)
With over CAD $2 trillion in Assets Under Management (AUM), RBC is a global leader in asset and wealth management. The bank serves more than 17 million clients worldwide and employs over 90,000 people. Known for its financial stability and exceptional customer service, RBC is also a popular choice among newcomers and international students, offering tailored banking solutions to help them settle in Canada with ease.
GIC (Guaranteed Investment Certificate) for International Students
A GIC (Guaranteed Investment Certificate) is a secure investment required by Immigration, Refugees and Citizenship Canada (IRCC) for international students from certain countries (including India, China, Vietnam, and the Philippines) applying through the Student Direct Stream (SDS).
Key Features of RBC’s GIC Program
Online Application
Students can open an RBC GIC account online before arriving in Canada.
Visa Support
The GIC certificate serves as proof of financial resources for the student visa application.
Safe & Regulated
Funds are securely held and protected by the Canada Deposit Insurance Corporation (CDIC).
Monthly Payouts
Upon arrival, students receive an initial lump sum (around CAD $2,000), and the remaining funds are paid out monthly over 12 months to support living expenses.
Current Required Amount
As of 2024, students are typically required to invest CAD $20,635 in a GIC to meet the financial requirement set by IRCC.
Easy Transfer Partners with RBC for More Student Financial Options
Easy Transfer is now partnering with RBC to provide more financial options for students going to Canada. The application process is as follows
1
Fill out the application form through the Easy Transfer × RBC exclusive link.
2
After submitting the application, wait to receive the remittance instructions.
3
Transfer the funds to RBC.
4
RBC will issue the GIC certificate.
Please enter your name and passport information.
Continue to RBC
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Easy Transfer is proud to work with the Royal Bank of Canada (RBC, the largest bank in Canada*,) to make it easier for international students to open an account post-arrival and settle in Canada.
Please note that If your application is approved and you open an account with the Royal Bank of Canada (“RBC”), Easy Transfer may receive one or more referral fee(s) from RBC.
Please note that If your application is approved and you open an account with the Royal Bank of Canada (“RBC”), Easy Transfer may receive one or more referral fee(s) from RBC.