New relationship to help students planning on
studying in Canada prepare their
finances and expedite their study permits
TORONTO, April 24,
2024 /CNW/ - TD and ApplyBoard are pleased to
announce a new collaboration that will support international
students on their journey to study in Canada. ApplyBoard, the leading student
mobility platform, is partnering with TD, the second-largest bank
in Canada and sixth largest in
North America by assets, to
provide students with the resources and tools they need for a
smooth transition to studying in Canada.
Through the TD International Student Guaranteed Investment
Certificate (GIC) Program, prospective students planning to study
in Canada can enhance their study
permit application. ApplyBoard's secure and private technology
provides verifiable Proof of Financial Support through ApplyProof
to help strengthen study permit applications.
"We are excited to share the news of this relationship with
ApplyBoard as we work to make things easier for students from
across the world embarking on their journey to study in
Canada," said Sona Mehta, Executive Vice President of Canadian
Personal Banking, TD Bank Group. "We know that navigating the
process to study abroad can be challenging, and at TD, we are
committed to supporting international students coming to
Canada by offering tools, programs
and trusted advice, designed to facilitate a frictionless
transition to the Canadian banking environment."
"With TD's legacy of providing financial solutions to Canadians
for over 150 years, and ApplyBoard's position as the leading
student mobility platform, we are optimistic that international
students will receive the support and guidance they need to succeed
in their academic pursuits," said Meti
Basiri, Co-Founder & CEO, ApplyBoard. "Together, we are
dedicated to empowering international students throughout their
journey and ensuring their success in Canada."
International students can open a GIC with TD with no
application fee via a simple, digital process, and will start
earning interest prior to arrival in Canada. The TD International Student GIC
Program also provides students with a TD Student Chequing Account
with no monthly plan fee (conditions apply), unlimited
transactions, and additional benefits. Once in Canada, students can benefit from TD's 1,000+
branch network, with the longest branch hours in the country and
advisors that speak over 80 languages.
The program is designed to assist international students from
China, India, Morocco, Pakistan, the
Philippines, Senegal, and
Vietnam, who are eligible for the
Government of Canada's Student
Direct Stream (SDS) Program. As of January
1, 2024, the minimum financial requirement that students
must show as part of their study permit application is
$20,635 CAD.
To learn more about the TD International Student GIC Program
through ApplyBoard, visit
www.applyboard.com/services/td-student-gic-program.
About ApplyBoard
ApplyBoard empowers students around the world to access the best
education by simplifying the study abroad search, application, and
acceptance process to more than 1,500 institutions across
Canada, the United States, the United Kingdom, Australia, and Ireland. ApplyBoard, headquartered in
Kitchener, Ontario, Canada, has
helped more than 800,000 students from more than 150 countries
along their educational journeys since 2015. To learn more, visit:
www.applyboard.com.
About TD Bank Group
The Toronto-Dominion Bank and its subsidiaries are collectively
known as TD Bank Group ("TD" or the "Bank"). TD is the sixth
largest bank in North America by
assets and serves over 27.5 million customers in four key
businesses operating in a number of locations in financial centres
around the globe: Canadian Personal and Commercial Banking,
including TD Canada Trust and TD Auto Finance Canada; U.S.
Retail, including TD Bank, America's Most Convenient Bank®, TD Auto
Finance U.S., TD Wealth (U.S.), and an investment in The Charles
Schwab Corporation; Wealth Management and Insurance, including TD
Wealth (Canada), TD Direct
Investing, and TD Insurance; and Wholesale Banking, including TD
Securities and TD Cowen. TD also ranks among the world's leading
online financial services firms, with more than 17 million active
online and mobile customers. TD had $1.91
trillion in assets on January 31,
2024. The Toronto-Dominion Bank trades under the symbol "TD"
on the Toronto and New York Stock
Exchanges.
SOURCE TD Bank Group