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CIBC GIC Program

Jun 20, 2019
9
0
[Long Answer ahead]
I have tried creating accounts in both Scotia and CIBC. Initially i have opened account with Scotia, as many people are going with it, but to transfer the GIC amount to Scotia, our address in PASSPORT should match with the address in Scotia else the amount will get rejected (happened for few people i know) and they don't accept our full address while creating our application because of text limit, so i had to ask them to update the address and they took 12 days to update it after many emails and calls to them. In the meanwhile i've checked with my friends regarding the processing times of GIC after the payment with Scotia and found that they are taking around 10 days and sometimes more. So i thought of not going with Scotia as it will delay my visa process.

So, at this point i had opened an account with CIBC and it took 1 working day to get the account creation approval mail from them along with the payment details. I've transferred my GIC amount the very next day and it took one working day for them to provide me the GIC certificate. Overall, it took only 4 working days to do the whole process (create an account,transfer the amount and get the GIC letter from them). CIBC has saved a lot of time for me.

And, this is my personal experience with both the CIBC and Scotia and i am not promoting any banks here, you can proceed with whatever bank you want. If anyone are planning to create an account in CIBC use my referral code kethansrinivas9@gmail.com for getting a referral bonus of 25$ on activating the account.

Thanks,
Kethan
 

Saranya96

Hero Member
Feb 19, 2019
210
11
[Long Answer ahead]
I have tried creating accounts in both Scotia and CIBC. Initially i have opened account with Scotia, as many people are going with it, but to transfer the GIC amount to Scotia, our address in PASSPORT should match with the address in Scotia else the amount will get rejected (happened for few people i know) and they don't accept our full address while creating our application because of text limit, so i had to ask them to update the address and they took 12 days to update it after many emails and calls to them. In the meanwhile i've checked with my friends regarding the processing times of GIC after the payment with Scotia and found that they are taking around 10 days and sometimes more. So i thought of not going with Scotia as it will delay my visa process.

So, at this point i had opened an account with CIBC and it took 1 working day to get the account creation approval mail from them along with the payment details. I've transferred my GIC amount the very next day and it took one working day for them to provide me the GIC certificate. Overall, it took only 4 working days to do the whole process (create an account,transfer the amount and get the GIC letter from them). CIBC has saved a lot of time for me.

And, this is my personal experience with both the CIBC and Scotia and i am not promoting any banks here, you can proceed with whatever bank you want. If anyone are planning to create an account in CIBC use my referral code kethansrinivas9@gmail.com for getting a referral bonus of 25$ on activating the account.

Thanks,
Kethan
While creating CIBC account which address we need to include
 
Jun 20, 2019
9
0
I have done mistake while including my address while creating gic account.
How can I update them ?
In case if they reject my payment how long they will take to refund?
Mail them asking to change your address according to your passport. I am not sure about how many days they take but it should be quick enough compared to Scotia Bank. I am also not sure about that refund part.
 

Shiraz Nizami

Member
Jul 4, 2019
18
9
[Long Answer ahead]
I have tried creating accounts in both Scotia and CIBC. Initially i have opened account with Scotia, as many people are going with it, but to transfer the GIC amount to Scotia, our address in PASSPORT should match with the address in Scotia else the amount will get rejected (happened for few people i know) and they don't accept our full address while creating our application because of text limit, so i had to ask them to update the address and they took 12 days to update it after many emails and calls to them. In the meanwhile i've checked with my friends regarding the processing times of GIC after the payment with Scotia and found that they are taking around 10 days and sometimes more. So i thought of not going with Scotia as it will delay my visa process.

So, at this point i had opened an account with CIBC and it took 1 working day to get the account creation approval mail from them along with the payment details. I've transferred my GIC amount the very next day and it took one working day for them to provide me the GIC certificate. Overall, it took only 4 working days to do the whole process (create an account,transfer the amount and get the GIC letter from them). CIBC has saved a lot of time for me.

And, this is my personal experience with both the CIBC and Scotia and i am not promoting any banks here, you can proceed with whatever bank you want. If anyone are planning to create an account in CIBC use my referral code kethansrinivas9@gmail.com for getting a referral bonus of 25$ on activating the account.

Thanks,
Kethan
Hi! I have used your referral email id while account creation. I just submitted the online application, we will receive RTGS transfer details or Wire transfer details?
 

selvakk

Champion Member
Nov 28, 2018
2,414
529
I have done mistake while including my address while creating gic account.
How can I update them ?
In case if they reject my payment how long they will take to refund?
If there is issue with the payment before it is processed then it will be return by RTGS.
 
May 5, 2019
4
0
I want to if missing this caused any problem for payment to reach to Cibc, because sane mistake has been done by my bank end also.. Please reply
 

ansha2210

Member
Jul 16, 2019
10
2
Yess..i do
1.I found it very quick,
2. need to pay less as compared to scotia bank i.e. if u pay in CAD 150 extra
3. Ull get extra 25$ if u enter sukhwindersingh8172@gmail.com in refferal box.
Process..
1. Go to isbo.cibc.com
2. Select ur country.
3. Select payment currency, ill recommend INR for indians. Because u not need to pay extra 150$.
4. Then enter ur details in next page and upload ur offer letter "here u need to select referell program and enter my email sukhwindersingh8172@gmail.com and u will ger $25 extra with $2000 upon account activation in canada".
5. Within 2 days ull get details in which u will pay gic.
6. Details will be of 4 pages, each and every step will be mentioned there.(as i selected INR, thats why on details there was mentioned amount, beneficiary account standard charter bank Mumbai in my case)
7. Bring detais pages to bank and pay it by neft to mentioned account.
8. There will be A2 form with details which u need to fill up with banl stamp and mail it to mentioned email address.
9. Within 2 or 3 days u will get email of ur GIC conformation.


Your visa got approved???
 
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siraj19

Newbie
Jul 18, 2019
7
0
Hello everyone
Need help in filling the A2 & declaration form.

1. Which all field needs to filled mandatorily ?
2. Can i email declaration form without bank stamp as my bank is not ready to stamp the form ?
3. In A2, just below our address, there is authorize field - what needs to be entered there ?

Please help me on this urgently.