Open a GIC Account with TD

Click here to complete the online application to open a TD Student Chequing Account and GIC. Once you have successfully submitted the application and completed the ID verification process, you will receive information about your TD Student Chequing Account and wire transfer instructions.

Fund your TD Student Chequing Account by sending a wire payment (or multiple wire payments) totaling a minimum of CAD $20,635 plus incoming wire payment fees. These funds must be received by TD within 90 days of account opening. You may send additional wire payments of any amount to your TD Student Chequing Account until you arrive in Canada.

Make sure to account for any wire transfer fees charged at source from your originating bank and exchange rates (if applicable).

Once TD receives your wire payments, CAD $20,635 will be invested in a TD International Student GIC. Any remaining funds will be kept in your TD Student Chequing Account. You will then receive your Confirmation of Investment (COI) document for use in your study permit application.

Once you have arrived in Canada, book an appointment at one of TD's 1,000+ branches to verify your identity, sign the required documentation and activate your account. TD will then redeem the first payment amount plus any accrued interest from your GIC and deposit it into your TD Student Chequing Account. The remaining funds will be redeemed in accordance with the GIC Payment Schedule that has been provided to you.