Sign up

Have some pie!

A tale of two banks enhancing the experience for international students

Relocating to a new country is both exciting and challenging for students preparing for their academic journey abroad.

Photo: pexels

Students often look for banking support in their home country while preparing for their student journey.

They are also looking forward to strong support in their new country, especially during the first few weeks and months of their studies. International students would require a program that is customised to support their educational journey in their home country and the new country.

Most of the banks would either have a strong presence in Canada or the student’s home country. ICICI Bank and RBC are working together to uniquely offer the best on both sides, ensuring a holistic banking experience for international students.

ICICI Bank, a trusted brand in India, has collaborated with RBC, the largest bank in Canada based on market capitalisation, to provide newcomer services. This collaboration ensures that the international student banking services are more comprehensive.

In India, ICICI Bank has a focus on the student ecosystem, supporting international studies. Through the 5,900 branches across India and Campus Power, a dedicated website with financial tools for students and parents, ICICI Bank offers financial products that are best suited for the students.

These products include education loans, forex and travel cards, insurance and investments that are designed for international students. For students who specifically have Canada as a study destination and for those applying for a study visa under the Student Direct Stream, the Student GIC Program is built with convenience in mind.

The Student GIC Program application process is hassle-free and completely digital. Students receive their Investment Balance Confirmation within four hours of the Bank receiving their funds. Students can also expect 24/7 call centre support and the counsellors have support from an on-ground relationship team.

To bridge the journey, ICICI Bank and RBC conduct a weekly pre-departure webinar for students and parents. The hosts of the webinar were newcomers to Canada at one point of time and they bring their experiences to the sessions. These sessions cover essential topics such as the Canadian weather, obtaining a Social Insurance Number, an overview of the Canadian banking system and other advisories.

In Canada, RBC supports the students through a robust Newcomer Banking programme. Once the ICICI Bank Student GIC is activated through the app, the student is referred to RBC to open a best-in-class everyday student account.

With RBC, students gain access to over 1,200 branches and 4,200 ATMs across Canada. They are also eligible for a Credit Card with a credit limit of up to CAD $2,000 with no credit history required*.

With the RBC Newcomer Banking, students will benefit from RBC Meeting Place where newcomer advisors offer specialised one-on-one advice to help students find their way once they have arrived in Canada.

Additionally, with RBC On Campus, advisors will help students across Canada to prepare for their professional and financial future. Students are advised regarding money, networking, career, professional development and more.

With the support and expertise of two banks, international students who participate in the Student GIC Program can find the financial assistance they need in their educational journey to Canada.

A bank in India and a bank in Canada are collaborating to assist international students. As the students establish themselves in Canada through immigration and work, they will continue to have a connection to India through friends, family and a Bank that got them started on this journey – ICICI Bank.

About the author: This is a sponsored article authored by Tova Blum, Associate Vice President, Newcomer Banking at ICICI Bank Canada. ICICI Bank Canada is a wholly-owned subsidiary of ICICI Bank Limited (NYSE:IBN) which has its headquarters in Mumbai, India.

This article is intended for general information only and not to be relied upon as constituting legal, financial or other professional advice. A professional advisor should be consulted regarding your specific situation.

The information presented is believed to be factual and up-to-date but we do not guarantee its accuracy and it should not be regarded as a complete analysis of the subjects discussed.

All expressions of opinion reflect the judgment of the authors as of the date of publication and are subject to change. Endorsements of any third parties or their advice, opinions, information, products or services are not expressly given or implied by the Royal Bank of Canada, ICICI Bank Canada or any of their respective affiliates.

*Terms and Conditions apply.

Related articles

Still looking? Find by category:

Add your comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Disclaimer: All user contributions posted on this site are those of the user ONLY and NOT those of The PIE Ltd or its associated trademarks, websites and services. The PIE Ltd does not necessarily endorse, support, sanction, encourage, verify or agree with any comments, opinions or statements or other content provided by users.

To receive The PIE Weekly with our top stories and insights, and other updates from us, please