Scotiabank StartRight

Scotiabank StartRight / GIC Program
Student Training Guide
June 2013
 Steps AFTER receiving your Study Permit
 Option 1: Open a bank account while still in India
 Option 2: Open bank account after landing in Canada
 The Scotiabank StartRight® Program for students
 Documents needed to open a Scotiabank account
 Welcome Package- Letters to Student/Branch
 Welcome Package- GIC Confirmation and Payments
 Accessing your GIC Funds
 Q&A
Once you’re received your Study Permit, you
have 2 options:
Option 1- Open a Scotiabank account while still in India
If still in India, apply for a Scotiabank StartRight® personal deposit account by filling out a Customer
Referral Form at any Scotiabank Branch or any Kotak Mahindra Branch.
•Our 5 Scotiabank branches are located in New Delhi, Mumbai,
Hyderabad, Coimbatore and Bengalaru
•To locate the nearest Kotak Mahindra Bank Branch, refer to
the branch locator:
Bring the following documents to complete the Account Referral Form:
•Temporary Resident Visa (TRV)
•Study Permit
•Letter of Acceptance from Canadian Educational Institution
*For students studying in the province of Quebec, a Quebec Acceptance Certificate
(CAQ) is also required.
Note: You can open your personal deposit account with Scotiabank in
Canada. Money from your GIC will be paid into this bank account after
you land in Canada. Use the
link to identify a convenient Scotiabank branch in Canada
Option 2- Open bank account after landing in Canada
In Canada: Visit a branch to open a Scotiabank StartRight personal deposit account and activate your GIC. The
Scotiabank branch locator helps you identify which branch is closest to your campus or place of residence.
Follow the link to our branch locator to select a convenient branch:
Type in your college campus
or your residence location to
identify the closest Scotiabank
branch to serve you
The Scotiabank StartRight Program for students
Get the Student Banking Advantage® Plan2 or the Getting There Savings
Program® for Youth3 with unlimited debit transactions
Get an unsecured SCENE®* VISA* card1 or an unsecured L’earn® VISA* card1
with great rewards and no annual fee5
Join SCENE for free! Earn points for free movies and save 10% on movie
snacks at Cineplex Entertainment ◊ theatres4
For all above products, please refer to product disclosures on Slide 12
Documents needed to open a Scotiabank account
When you first visit the Scotiabank branch, inform them that you have a GIC and produce the
following documents to open a personal deposit account and activate your GIC:
Welcome Package (which includes the Scotiabank Student GIC Program- SSGP
Disbursement Schedule)
Valid Passport
Letter of Enrolment from a Canadian educational institution (or a student ID card)
Study Permit (IMM 1442 is the most commonly used form)
Welcome Package – Letters to Student / Branch
Welcome Package – GIC Confirmation & Payments
Accessing Your GIC Funds
All payments of principal and interest will be paid to your Scotiabank personal deposit account
in accordance with the following schedule:
• Initial principal payment of $2,000 CAD on the
day the Scotiabank personal deposit account
is opened.
• Four (4) subsequent principal payments of
$2,000 CAD will be made every two (2) months
beginning two months after the initial payment
is made. Any principal balance remaining on the
Maturity Date will be paid to you on the Maturity
Thank you!
Product Disclosures
1. Subject to meeting Scotiabank’s credit criteria and security requirements. An unsecured credit card may be available up to certain credit limits; a secured credit card requires security equal to 100% of
approved credit limit for Foreign Workers and Permanent Residents and 120% of approved credit limit for International Students. Credit card security can be cash security, Canada Savings Bonds or
Guaranteed Investment Certificate. In addition, to be eligible for a personal borrowing product, you must be a Canadian resident and have reached the age of majority.
2. Qualifying students are full-time students enrolled at a Canadian university, community college, CEGEP or other recognized post-secondary institution. To take advantage of the Student Banking
Advantage Plan account benefits, you will need to provide your branch with proof that you are enrolled full-time at a qualifying post-secondary institution each academic year prior to November 30th. When
you are no longer enrolled full-time or you have not presented proof of enrolment, the plan will be removed and the account will automatically be converted to an account that is suitable to you based on your
recent transaction behaviour. Personal identification requirements must be met.
3. The Getting There Savings Program for Youth is available to customers under 19 years of age. The Getting There Savings Program for Youth account has no monthly Account fees. All other fees not
covered by your banking package will continue to apply, including fees charged by other financial institutions and access fees to use non-Scotiabank banking machines (e.g. Interac††, VISA* or PLUS* fees).
Cardholder service fees continue to apply for using cross border debit service. Please see the Day-to-Day Banking Companion Booklet for further details about these services and fees.
4. 10% discount applies to the full purchase price (excluding taxes) and excludes Tim Horton’s and alcoholic beverage purchases. Free movies at Cineplex Entertainment◊ Theatres with just 1,000 points.
Visit for complete details. Some restrictions and limitations apply.
5. Interest rate for purchases for both SCENE VISA card and the L'earn card is 19.99%; cash advances, balances transfers and Scotia® VISA Cheques are 21.99%. Interest rates, annual fees and features
for both cards are effective April 1, 2011 and are subject to change without notice.
SCENE VISA card – Earn 1 SCENE point for every $1 you spend on card purchases and 5 SCENE points for every $1 spent at participating Cineplex Entertainment◊ Theatres and online at
SCENE points can only be redeemed at participating Cineplex Entertainment Theatres, or for other points offers (or rewards). Purchase returns, payments, cash advances, Scotia® VISA Cheques,
credit vouchers, card fees, interest charges or service/transaction charges do not qualify for SCENE points.
L'earn VISA cardholders earn up to 1% cash back. Purchase returns, payments, cash advances, Scotia VISA Cheques, credit vouchers, card fees, interest charges or service/transaction charges do not
qualify for a Moneyback® reward.
All Scotiabank retail credit cards, except ScotiaLine® VISA card, Scotiabank Value® VISA card and No-Fee Scotiabank Value VISA card, issued or reissued after March 14, 2011, will have Visa payWave.
For more information visit
® Registered trademarks of The Bank of Nova Scotia.
*VISA Int./Lic. user The Bank of Nova Scotia.
®* Registered trademark of SCENE IP LP, used under license.
◊ Cineplex Entertainment LP, used under license.
Refunds may take up to 8 weeks from the date the GIC Refund request is received from the applicant.
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