To qualify for a Bank of Montreal (BMO) Guaranteed Investment Certificate (GIC), applicants must meet specific criteria. You must be at least 18 years old and a Canadian resident or non-resident with valid identification. BMO may require a minimum investment amount, typically starting at $1,000.
For international students applying under the Student GIC Program, proof of admission to a Canadian Designated Learning Institution (DLI) is mandatory. A valid study permit and compliance with Immigration, Refugees and Citizenship Canada (IRCC) guidelines are also required. Additional documentation, such as a passport and proof of funds, may be necessary depending on the GIC type.
