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Hi. Can someone please guide whether we should get GIC even if not SDS? Which bank to get GIC from? Student will be…

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Hi. Can someone please guide whether we should get GIC even if not SDS? Which bank to get GIC from? Student will be sending money from UAE. If visa gets rejected what happens to GIC? Do we get full money back immediately?

Asked by Priya Nairvia community4 days ago

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Getting a GIC when not applying under SDS: bank choice, funding source, and what happens on refund

4 Answers

The gic deposit must go from stident's personal bank from home country. My deposit was refunded because I sent it from my bank in Saudi, so be mindful of that.

Lucas Ferreiravia community4 days ago

And when gic gets refunded, you wont receive the entire amount back. They deduct processing fees and reductions due to foreign currency exchange rates

Amara Diallovia community4 days ago

Samra Ahmad yes. I used scotia bank to deposit my gic. I suggest you read their guide carefully before making the transfer.

Wei Zhangvia community4 days ago

Amena Mustafa home country and not country of residence?

Fatima Al-Sayedvia community4 days ago