International Money Transfer

The GIC or Guaranteed Investment Certificate is mandatory for international students planning to Study in Canada and applying for a Canada Study Visa under the SDS program. The minimum amount for GIC should be $10,000. Usually, the bank charges service fees of around $150-$250.

First, open a Canada GIC account with the authorized Canadian Bank and upload the essential documents. Post verification, you will receive a bank account number where you have to transfer the GIC funds as mentioned in the letter, including bank service fees.

The significant banks authorized for International Student GIC Accounts are RBC Bank, CIBC, Bank of Nova Scotia, Simplii Financial, ICICI Bank Canada, SBI Canada, and Bank of Montreal. Get the best price guaranteed with Abroad Cube on transferring money from India and additional discounts by opening a GIC Account with us.

The blocked account is required for Germany Study Visa as mandated by the German Embassy/Authorities. So the first step is to open a Germany Blocked Account with authorized companies or banks. After primary verification, they will issue the bank account details where you have to transfer the funds. From January 1, 2023, it will be a minimum of EUR 11,208. This amount may vary based on additional charges and buffer amount. Expatrio, Fintiba, Coracle and ICICI Bank are the major blocked account providers. With Abroad Cube, you will get the best price guaranteed with an additional discount if you open your blocked account with us.