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Canadian GIC Account Requirements For Nigerian Students & How To Apply
Planning to study in Canada? Opening a Guaranteed Investment Certificate (GIC) account is a key step in your study permit application. Below is exactly what you need, the exact cost, and how we help you get it done quickly and correctly.
"This has been a life changing experience for me. Excellent customer service and they know what they are doing. They aren't in it just for the money. Having your visa through them was seamless." — Opeyemi B., Lagos
A Guaranteed Investment Certificate (GIC) account is a Canadian financial product many international students use to satisfy the proof-of-funds requirement for their study permit application. It's commonly required for:
Canada study permit applications
The Student Direct Stream (SDS), where applicable
Demonstrating you can support yourself financially in Canada
Part of a Bigger Process
A Prerequisite, Not the Study Permit Itself
Opening your GIC account is one step in your overall study permit application — once it's opened, you'll use that confirmation to move forward with your visa application.
DOCUMENT CHECKLIST
Canadian GIC Account Requirements
One of the simplest checklists we handle — just three documents.
Required Documents
Clear copy of your passport data page
Official offer letter of acceptance from your Canadian institution
Your contact information — a valid email address and phone number
That's It
No bank statements
No sponsorship letters
No proof of funds beyond the GIC deposit itself
Ready to get started?
With just these three documents in hand, we can begin your GIC account application right away.
Document review, application handling, and full submission support
GIC Deposit
Set by the Institution
The GIC deposit amount itself is separate, set by the Canadian financial institution
Processing Time
Varies by Institution
Submit your documents as early as possible to avoid delays
THE DESTINATION
Why You Need a GIC Account
A GIC account isn't just paperwork — it's how you demonstrate financial readiness for your studies in Canada, and getting it right keeps your study permit application moving smoothly.
1
Proof of Financial Means
A GIC account is a recognised way to show Canadian immigration you can support yourself during your studies.
2
A Study Permit Prerequisite
For many applicants, especially under the Student Direct Stream, this is a required step before your visa application can proceed.
3
Time-Sensitive
Processing depends on the financial institution — getting your documents in early avoids unnecessary delays.
4
Simple, But Easy to Get Wrong
Only three documents are needed, but they need to be accurate and complete to avoid back-and-forth.
5
Peace of Mind
Having your living funds arranged before arrival makes your transition to studying in Canada smoother.
Now that you know why this step matters, here's exactly how we help you get it done. ↓
THE PROCESS
How we open your GIC account for you
Four steps. You show up for Step 1 and Step 4. We handle everything in between.
Timeline Steps
01
02
03
04
Document Collection
We assist you in gathering all the required documents — your passport data page, offer letter, and contact information.
Application Review
Our team carefully reviews your documents to ensure everything is complete before submission.
Application Submission
Once your documents are verified, we process your GIC Account application on your behalf.
Visa Approved
Once your GIC Account is successfully opened, we notify you immediately so you can proceed with your study permit application.
Even with just three documents, small issues can hold things up. Here's what we check for.
1
Unclear Passport Scan
Your passport data page copy needs to be clear and fully legible.
2
Incomplete Offer Letter
Your offer letter needs to be the official acceptance letter from your Canadian institution, not a conditional or provisional version.
3
Incorrect Contact Details
A valid, actively-checked email address and phone number are needed to avoid missed updates.
4
Late Submission
Since processing times vary by institution, submitting your documents early helps avoid unnecessary delays.
WHY FLYDESTINATIONS
Why Nigerians trust us with their Canadian GIC Account
When it comes to opening your GIC account, you deserve more than just a service — you need a trusted partner.
1
Up-to-Date Information
We stay informed about the latest GIC requirements and procedures, ensuring your application meets current standards.
2
Customer-Centric Approach
Your satisfaction is our priority — timely communication and updates at every stage.
3
Time-Saving Solutions
Our experienced team guides you through the process, helping you avoid unnecessary delays.
4
Part of Your Bigger Journey
We help set you up for the next step: your Canada study permit application.
GOOGLE REVIEWS
Nigerians we have helped open a GIC account
4.9 on Google Verified Google reviews
"This has been a life changing experience for me. Excellent customer service and they know what they are doing. They aren't in it just for the money. Having your visa through them was seamless."
Opeyemi Bisiryu
Lagos
"Working with Flydestinations was and is a great experience. Communication is seamless and the organisation is very detailed. It is stress free and they offer a platform of ease and efficiency."
Pipeloluwa Olorunsola
Abuja
"They have a good customer care services, also reliable and trustworthy! Tasks were completed timely, and every query was handled with utmost care."
Olaniyan Olakunle
Lagos
Ready to open your Canadian GIC Account?
Provide your documents and we'll handle the process, so you can move forward with your study permit application. Start today — ₦100,000.
Just three: a clear copy of your passport data page, your official offer letter of acceptance from your Canadian institution, and your contact information (email and phone number).
Our service charge is ₦100,000. This is separate from the actual GIC deposit amount, which is set by the Canadian financial institution.
Processing times vary depending on the financial institution. We recommend submitting your documents as early as possible to avoid delays.
No — opening your GIC account is a separate, earlier step. Once it's confirmed, you'll use that to help move forward with your study permit application.
We'll notify you immediately so you can proceed with the next steps of your study permit application.