The partners’ joint Proof of Financial Support solution is designed to “deliver greater trust and efficiency” for international students applying for Canadian study permits. A GIC is one option international students can opt for in order to show they can support themselves financially during their stay in Canada.
A GIC is a prerequisite for international students from 14 countries that are eligible for the Student Direct Stream.
“The journey for international students coming to Canada can be complex and time consuming. Our integrated solution with ApplyBoard helps to make that journey a little easier,” Amit Brahme, senior director, Newcomer and Cultural Client Segment at RBC said in a statement.
“RBC has a longstanding history of and commitment to supporting newcomers, including international students, who bring innovative ideas and fresh perspectives to campus communities across Canada.”
A plethora of other providers, including ICICI Bank Canada, Scotiabank, TD, HSBC and Canadian Imperial Bank of Commerce, also offer Student GIC Program solutions.
“Together with RBC, we are building trust in students’ Proof of Financial Support”
By utilising the ApplyProof document software, international students will be able to apply for guaranteed investment certificates, with verification taking a “matter of seconds”.
“Together with RBC, we are building trust in students’ Proof of Financial Support and helping to strengthen their study permit applications,” added Iman Hassani, head of ApplyProof.
“By increasing trust and efficiency in the study permit process, we’re making education in Canada more accessible for international students.”