Get started before you arrive in Canada

Apply for a student deposit account online, any time. All you need is 5 minutes — it's that fast. We usually process your application in one day.

Send between $1,000 and $20,000 CA to your new account. Once it transfers, your money will be waiting for you when you arrive. Pay no service fees.

Your debit card will be mailed to your Canadian address on your tentative arrival date. After you receive your debit card, you can activate it by following the instructions included with the card and calling  Opens your phone app. Opens your phone app.1-888-723-8881.

This program is not offered to students attending schools in the province of Quebec.

Citizens from the following countries can apply

United States of America
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Introducing Bags 2 Riches

Looking for a little inspiration?

These superstars moved to Canada — and made their dreams come true. Learn a lesson or two from their success stories, presented by Simplii.

More ways we make student living easy

Cover student expenses, get great rewards and build your credit in Canada with the Simplii Financial Cash Back Visa* card. Get a $2,000 credit limit. No credit history required.

Tell me more about the Cash Back Visa* card

Set up a $10,000 CA GIC and meet the GIC requirement for the Student Direct Stream (SDS) study permit. Apply online in minutes — just like the Deposit Program.

Tell me more about the International Student GIC Program

Banking with us has its benefits

Manage your accounts from home, school and everywhere else. You always have 24/7 access to online and mobile banking.

Pay for things like textbooks, groceries and nights out with friends — and never worry about transaction fees or any other banking service fees.

Send and receive money from one Canadian bank account to another. It's easier than cheques and safer than cash. Plus, it's free!

With 3,400 CIBC ATMs across Canada, withdraw money any time close to campus and pay no withdrawal fee.

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Get $125 for referring an international student to bank with Simplii

Refer a friend and earn $125 when they open an eligible account using your referral link. Plus they’ll also get $50 as a welcome bonus when they transfer money to their Student GIC Program Account. Ask your friend to include your email address on their application under “Referral Details.” Ready to refer a friend? Apply now for an eligible account. Opens in a new window.

Your International Student Deposit Program questions answered

We're here to listen

Complete this form to tell us how we can help. We'll try to get back to you in one business day. Don't include any personal information, like your bank account number, in the message box.

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 Call us from anywhere at 1-855-236-4272 Opens your phone app.
Monday to Friday: 7:00 am to 8:00 pm ET

 Call us from India at 1-800-121-661-661 Opens your phone app..
Monday to Friday: 8:00 am to 11:00 pm IST
Saturday: 10:00 am to 6:00 pm IST