Feed / Canada / Q39

Is CIBC GIC Account Free ?

Is CIBC GIC Account Free ?

1
780
1 Answers Reply
  • Hameed Sheikh
  • 1 year ago

Yes, opening an account in CIBC bank is free of cost if you pay INR. But if a student deposits a GIC amount in Canadian Dollars, CIBC imposes CA$150 as a processing fee for international students. Their exchange rate is unpleasant if you pay INR, and you might lose more than CA$200. It's recommended to pay in Canadian Dollars to save your money. To open your GIC Account with maximum savings, you can reach out to Abroad Cube.

You must login to post an answer
Landmark Outline