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Gic Letter PDF

Sukhveer Singh has opened a Simplii Student GIC Program Account1 with CIBC's digital banking arm Simplii Financial. $10,300 CAD was deposited via wire transfer. $2,300 CAD will be deposited into a new Simplii student bank account for immediate access. The remaining $8,000 will remain invested in the GIC Program Account1 and be paid out in 11 equal monthly payments of $730 CAD over the course of one year. The letter provides details on activating accounts and contact information for customer support.

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885 views2 pages

Gic Letter PDF

Sukhveer Singh has opened a Simplii Student GIC Program Account1 with CIBC's digital banking arm Simplii Financial. $10,300 CAD was deposited via wire transfer. $2,300 CAD will be deposited into a new Simplii student bank account for immediate access. The remaining $8,000 will remain invested in the GIC Program Account1 and be paid out in 11 equal monthly payments of $730 CAD over the course of one year. The letter provides details on activating accounts and contact information for customer support.

Uploaded by

kabir
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Student

GIC Program Account1 Confirmation


Sukhveer Singh ,
H-18/8, Malviya Nagar, Delhi, Delhi, INDIA, 110017,

December 18, 2022



RE: Student GIC Program; GIC-22124506 - Deposit A/C # 308000105785398 - Passport Number
U7971818
Dear Sukhveer Singh:
Thank you for choosing Simplii Financial, the award winning digital banking arm of CIBC. We have
received your wire transfer for the Simplii Student GIC Program Account1 as outlined below.

Investment Details:

Type of Investment Product: GIC Program Account1

Issued By: Simplii Financial Inc (Simplii)


Investment Amount: $10,300.00 CAD Redeemable?: No
Any additional amount you sent above CAD $10,000 will be placed in your student bank account.

Setting up your new Simplii accounts

Once you have arrived in Canada, your debit card will be mailed to you Canadian address on your
tentative arrival date. After receiving your debit card you can activate it by following the instructions
accompanying the card and calling 1-888-723-8881.

We will then deposit $2,300.00 CAD into your new Simplii No Fee Banking account for Students
which can be accessed immediately. The remaining balance will remain invested in GIC Program
Account1 with 11 payments paid out to you over a one year period. We have included an outline of
the 11 disbursement payments in the Appendix.

We're always here to help

Thank you again for your interest in Simplii. Should you have any questions about the Simplii
Student GIC Program Account1 or this letter, please contact us via email: isbo@simplii.com.

Sincerely,

The ISBO Team, Simplii




Appendix
Principal disbursement schedule:

Disbursement GIC Term (Days) Principal

1 30 $730

2 60 $730

3 90 $730

4 120 $730

5 150 $730

6 180 $730

7 210 $730

8 240 $730

9 270 $730

10 300 $730

11 330 $700

Total $8,000

1A Simplii No Fee Chequing Account will be opened for you for the funds transfer (Day-to-Day
Account), and a second Simplii No Fee Chequing Account with holds will be opened to comply with
the Canadian Government’s Student Direct Stream program

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