Strengthen your study permit application and increase Immigration Officials’ trust in your Proof of Financial Support document with ApplyProof’s verification technology.
Access a wide range of services and offers for newcomers to Canada, through RBC’s digital banking solutions and over 1,100 RBC Royal Bank branches across the country.
Earn interest at a guaranteed, fixed interest rate over the term of your investment.
If you are an International Student from Brazil, Colombia, Costa Rica, India, or Peru who meets the eligibility criteria of the Government of Canada’s Student Direct Stream program, follow the steps below to apply now:
Download and complete the Application Package and upload it, along with your passport and letter of acceptance, within the form below.
RBC requires a minimum one-time deposit of $10,200CAD (maximum $10,300CAD). Note that wire transfer fees are deducted at source, so your transfer amount must take these fees into consideration. If the amount transferred differs from these amounts, it may be immediately refunded to the originating account, less fees.
After receiving your account details from RBC, you may directly contact your assigned RBC advisor for all questions relating to your application. To help you receive a quick response, you must ensure that you include in the email all the information available on your application form such as SRF # and full name, as well as date of submission.
Absolutely! To receive a refund, you will need to provide proof of study permit rejection and submit a request to your RBC advisor. You will receive a refund your one-time deposit, minus the $200 CAD handling fee which is unfortunately non-refundable.
Once you arrive in Canada, you can visit an RBC branch (with some identifying documents) to open a chequing account. You will then receive an initial lump payment into your new account. Monthly payments from your GIC will be deposited into your account until the GIC is redeemed in full.
If you wish to defer your start date, please notify your RBC advisor and they will assist you in updating your GIC.
After your payment is received by RBC, it will take 3 business days to process and receive a verifiable GIC certificate from RBC on the ApplyProof platform.
ApplyProof is a platform developed by ApplyBoard that builds trust in the international enrolment process through secure, efficient verification of student documents.
Immigration Officials can verify your original proof of financial support through the ApplyProof platform, increasing trust in your study permit application.
Operating since 1869, RBC is Canada’s biggest bank, the fifth largest in North America, and one of the largest banks in the world by market capitalization. Today, RBC has over 1100 branches across Canada, offering them a wide range of services.