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 $2,500 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 1-888-723-8881 Opens your phone app..

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

Limited time offer

Get a chance to win a cash prize of $50,000!

How to enter:

Choose either the Student Deposit Program or International Student GIC Program

For additional ways to enter, refer to the full contest rules (PDF, 155 KB) Opens in a new window.

Enter our Simplii Student Banking Contest today!

Citizens from the following countries can apply

China
India
Japan
Pakistan
Philippines
Senegal
United States of America
Vietnam
Show all countries

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

Apply for a credit card

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

Get a GIC for your study permit

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.

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?

Your International Student Deposit Program questions answered

We're here to listen

Don't forget your country calling code.

Looking for another way to get in touch?

Monday to Friday: 7:00 am to 8:00 pm ET

Monday to Friday: 8:00 am to 11:00 pm IST

Saturday: 10:00 am to 6:00 pm IST