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CIBC GIC is better

kk2018

Hero Member
Oct 24, 2018
223
29
CIBC GIC is better then Scotia bank GIC, as its is RTGS transfer not wire transfer.
In wire transfer even small mistake there are chances that GIC will get rejected and this is time consuming.

After Submitting A2 it just took one day to get the approval letter from them CIBC .

note : most of bank will not sign the A2 which is ok with CIBC as they just want the RTGS reference number, name, account number and your signature.
 
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shubhamnishad97

Star Member
Apr 2, 2019
51
16
I also did my gic with cibc bank and received gic certificate in one day after transferring money. The A2 form is to be filled and mailed to the given mail id. It will be used by the intermediary bank and not the local bank with which you are doing RTGS/neft
 
Apr 8, 2019
9
2
CIBC GIC is better then Scotia bank GIC, as its is RTGS transfer not wire transfer.
In wire transfer even small mistake there are chances that GIC will get rejected and this is time consuming.

After Submitting A2 it just took one day to get the approval letter from them CIBC .

note : most of bank will not sign the A2 which is ok with CIBC as they just want the RTGS reference number, name, account number and your signature.
I've applied for CIBC GIC. I've got A2 form and my bank is not giving me the stamp/sign. Is it okay if I fill the form by myself and scan and send them without the stamp/sign of bank? What should be the subject of the mail in which you send this form?
 
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shubhamnishad97

Star Member
Apr 2, 2019
51
16
I've applied for CIBC GIC. I've got A2 form and my bank is not giving me the stamp/sign. Is it okay if I fill the form by myself and scan and send them without the stamp/sign of bank? What should be the subject of the mail in which you send this form?
You don't require the bank stamp. Just mail them the scanned copy. Mail id will be included in your instructions letter
 

altair1995

Star Member
May 10, 2019
64
8
Hi guys, I want to transfer GIC amount to CIBC account.
I have just one question. After I am done with "Step 2 of 3: Student Information", what's the next step?
Do I need to go to my bank in person and initiate the transaction or can it be done online?

I can see there is a timer, so I'm confused if online is even an option.
Thanks.
 

shubhamnishad97

Star Member
Apr 2, 2019
51
16
Hi guys, I want to transfer GIC amount to CIBC account.
I have just one question. After I am done with "Step 2 of 3: Student Information", what's the next step?
Do I need to go to my bank in person and initiate the transaction or can it be done online?

I can see there is a timer, so I'm confused if online is even an option.
Thanks.
Complete the online form. After that account will be created in the CIBC isbo portal. There you will find payment instructions and how to transfer money to CIBC. Each step is given in detail in the payment instructions.
 

altair1995

Star Member
May 10, 2019
64
8
Complete the online form. After that account will be created in the CIBC isbo portal. There you will find payment instructions and how to transfer money to CIBC. Each step is given in detail in the payment instructions.
Hi shubhamnishad97, I'm asking about the payment instructions. Is it possible to do it online or do we have to go to the bank to do the transaction?

I am still weighing my options for GIC account. I was about to go with Scotia bank, but then saw good review for CIBC. So I would like to know the steps. Thank you.
 

kk2018

Hero Member
Oct 24, 2018
223
29
Hi shubhamnishad97, I'm asking about the payment instructions. Is it possible to do it online or do we have to go to the bank to do the transaction?

I am still weighing my options for GIC account. I was about to go with Scotia bank, but then saw good review for CIBC. So I would like to know the steps. Thank you.
I will suggest you to go to the bank and do this transaction as the amount is big i don't know if you can do the transfer of money by yourself .
since my cousin did go to the bank and did all .
also the bank might not be ready to stamp the A2 will is not a big deal for CIBC as they want the reference number and your details.
 

notjonsnow

Full Member
May 13, 2019
46
11
Hello,
In my CIBC registration form, under "Purpose of GIC" I put "Travel for Education" instead of personal expenditure. Will that be an issue, since I realized later that GIC is for my day to day expenses and not college/hostel fees.

Also, my address in bank is different from my passport. I entered the passport address in CIBC form and thats printed on the A2 form. The bank may object, what should I do?
 

kk2018

Hero Member
Oct 24, 2018
223
29
Hello,
In my CIBC registration form, under "Purpose of GIC" I put "Travel for Education" instead of personal expenditure. Will that be an issue, since I realized later that GIC is for my day to day expenses and not college/hostel fees.

Also, my address in bank is different from my passport. I entered the passport address in CIBC form and thats printed on the A2 form. The bank may object, what should I do?
that should not be problem as GIC amount you will get once you come here cant use it for 'Travel for Education".
I don't think address will create you problem as my cousin had same issue as her bank address was different than passport address( some minor things)
Bank might not be ready to stamp and sign the A2 as its not WIRETRASFER but that not a big deal CIBC Will not create problem for this.
 
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Vashishtha18

Newbie
May 24, 2019
4
0
CIBC GIC is better then Scotia bank GIC, as its is RTGS transfer not wire transfer.
In wire transfer even small mistake there are chances that GIC will get rejected and this is time consuming.

After Submitting A2 it just took one day to get the approval letter from them CIBC .

note : most of bank will not sign the A2 which is ok with CIBC as they just want the RTGS reference number, name, account number and your signature.
how many days it took from starting like applying for gic account online with cibc to get gic certificate please reply i am running out of time. scotiabank rejected my funds 2 times due to silly mistakes of indian bank.