The admission process for the Bank of Montreal (BMO) Guaranteed Investment Certificate (GIC) involves several steps. First, applicants must apply to a designated Canadian learning institution and receive an acceptance letter. Next, they need to open a BMO GIC account online, submitting proof of identity and the institution’s acceptance letter.
After approval, applicants transfer CAD 10,000 (or more) into the GIC account, which is held in a secure investment. Once funds are received, BMO issues a GIC confirmation certificate. This document is required for the Canadian student visa application under the Student Direct Stream (SDS) program.
