TD signs deal with Indian bank HDFC to attract students looking to study in Canada [Financial Post (Toronto, Ontario, Canada)]
Toronto Dominion Bank (The) (TD)
Last toronto dominion bank (the) earnings: 2/27 06:30 am
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Source: Financial Post
TORONTO — TD Bank Group has signed an agreement with an Indian bank in a bid to attract international students as new customers and make it easier for them to comply with visa requirements. As part of Canada's requirements to apply for an expedited study permit, students are required to provide proof of financial support, which is accomplished with a guaranteed investment certificate. Article content Article content Under the program, HDFC Bank will refer students planning to study in Canada to TD's international student GIC program. TD is offering students the ability to use an online application process to obtain a GIC without an application fee. It said students can start earning interest on their GIC even before arriving in Canada. The program also includes a student chequing account and a fee rebate to cover their first wire payment into their TD account. TD has been HDFC Bank's main correspondent banking partner for Canadian dollar clearing since 2015. “We are t
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