ScotiaBank Student GIC Program FAQs - Geebee Education 2025

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Best banks for international students in Canada Bank nameIntro offerProducts BMO $100 cash bonus BMO International Student GIC Program CIBC $100 cash bonus CIBC International Student GIC Program RBC N/A RBC International Student GIC Program Scotiabank $100 cash bonus Scotiabank Student GIC Program2 more rows Nov 18, 2024
Non-Redeemable GICs are not redeemable prior to maturity except in the event of the owner(s) death. In these cases, all interest earned to the date of redemption will be paid.
If you have a redeemable GIC, you can cash in your investment before maturity, subject to certain conditions. If you have a non-redeemable GIC, youll have to wait until the investment matures.
After confirming your identification/documentation, we will set up a non-redeemable GIC for $16,508 CAD ($12,062 CAD if you are studying in Quebec) Guaranteed Income Optimizer (GIO) a one year term with fixed equal monthly payments for deposit to the Student Banking Advantage Plan account.
You can cash in Scotia Cashable GICs at any time. However, if you redeem your Scotia Cashable GIC before the completion of 30 calendar days from the issue date (inclusive), no interest will be paid.
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THE PROCESS You can complete the Refund Application online available here. You will be required to provide details such as your Scotiabank Investment Account number, your wire return bank account details and, if applicable, your original case number and the reason you are requesting a refund.
SBI Canada Bank will redeem the outstanding balance from your SBIC Student GIC Investment Account, along with accumulated interest (if any), and wire the funds to the same bank account and the same bank from which the wire transfer initially originated.
You can complete the Refund Application online available here. You will be required to provide details such as your Scotiabank Investment account number, your wire return bank account details and, if applicable, your original case number and the reason you are requesting a refund.

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