GIC Renewal or Purchase Workflow – Existing Accounts

To renew for a different term upon maturity or purchase additional GICs in existing accounts, follow these steps:

1

Obtain a B2B Bank Non-Registered GIC application, or a B2B Bank RSP or RIF Account application.

Click here for a fillable pdf of the Term Deposit Form, Renew or Purchase Additional Investment.

2

Complete the form and other required supporting documentation with your client.

Supporting documentation may include:

  • Original cheque or deposit slip (if applicable)
3

For non-registered or RRSP GICs, take advantage of our direct deposit service.

Here's how it works:

  • Fill out a direct deposit order form and fax it to 1.888.946.3448.
  • We will forward the required deposit slips.
  • Consolidate all of your non-registered purchases on one deposit slip; and all registered purchases on another.
  • Deposit your client's cheques at any Royal Bank, TD Canada Trust or Laurentian Bank branch. The deposit stamp date will determine the interest rate and date of sale.
  • Retain a copy of the deposit slip for your records and forward the original to our office with your client's application.
4

For renewals:

Please fax to: 416.947.9476.

For additional purchases:

Please send us the cheque(s) or use the direct deposit service.

Cheques should be sent to:

B2B Bank, Deposit Services
199 Bay Street, Suite 600
PO Box 279 STN Commerce Court
Toronto ON M5L 0A2

5

B2B Bank will review the documentation.

If the documentation is in good order, it will be processed.