Personal Account Opening Requirements

What We Need From You

ICICI Bank FAS needs 1 and 2 (below) to be lodged for each new customer:

These requirements apply to the opening of all 4 accounts:
1. Term Deposits
2. GIC RSP
3. Savings Account (Hi Save)
4. RSP Savings

1. Application Form, being either a or b:

a. ICICI Bank FAS application form, or

b. FR ‘generic’ application form

-and-

2. Client Consent Form#, being either a or b:

a. ICICI Bank Schedule E

b. FCIDB Client Information & Consent Form*

# Client Consent Form needs to be signed by each applicant

* Only accepted by ICICI Bank FAS when lodged by a member in good standing of the FCIDB

           
   

Term Deposit

RSP GIC

Savings Account

RSP Savings

Minimum amount

 

$1000

$1000

No minimum

$500

Currency

Canadian Dollars or US Dollars

Both

Canadian $

Both

Canadian $

Customer access provided by ICICI Bank

Issue ABM Card

No

No

Yes

No

Internet banking access

No

No

Yes

No

Link to customer’s chequing account

No

No

Yes

No

Acceptable cheques to open account

Personal pre-printed

Yes

Yes

Yes

Yes

Maturity, payable to client from another financial institution

Yes

Yes

No

Yes

Third party

Yes

No

No

No

Joint applicants permitted

 

Yes

No

Yes*(refer below)

No

NDDS deposits via RBC1

 

Yes

Yes

No

No

RSP transfer2

Copy of T2033 provided to ICICI Bank

No

Yes

No

Yes

In Trust For3 Accounts

 

Yes

No

Yes

No

Estate Accounts4

 

Yes

No

Yes

No

           

1 For NDDS deposits with RBC – please also send a) photocopy of cheque & b) copy of stamped NDDS slip

2 For RSP Transfers, please have your office collect the transfer cheque. On receipt of transfer cheque then forward all documentation to ICICI Bank Canada.

3 Please mention “In Trust For” on the application form.

4 Additional documentation required: (1) copy of the death certificate, (2) copy of the probated will (notarized copy of the certificate of appointment of estate trustee).

 

Other Notes

Client Consent Form

FR to retain record of applicant signatures on either
a) FCIDB approved Client Consent;
b) ICICI Bank’s Schedule E;
c) Power of Attorney

Correspondence

All mail to be sent via ICS (or other courier) to FAS Coordinator

Enquiries

Telephone or email FAS Coordinator

Application form

Can be accessed at www.icicibankfas.ca

FR Code

Clearly identify on application form, cheque, NDDS slip (where applicable)

 

*For Joint Savings Accounts Applicant(s) need to submit as either (a) or (b):

 

a. Both joint account holder’s names pre-printed on it, payable to both individuals and signed by both individuals

 

Cheque

 

b. Signed Individual cheques, payable to both individuals

 

 

What you need to retain at your office

Please retain a copy of 2 pieces of identification (ID) for each individual (Photocopied front & back to clearly identify the individual’s signature), ensuring that at least one piece is from List A below:
Primary Identification (List A)
We require at least one piece of ID from this list
Secondary Identification (List B)
ID from this section must include individual’s name

 

  • Driver's license issued in Canada as permitted to be used for identification purposes under provincial law
  • Certificate of Canadian Citizenship or Certification of Naturalization in the form of a paper document or card but not a commemorative issue
  • Canadian passport
  • Permanent Resident Card or Citizenship and Immigration Canada Form IMM 1000, IMM 1442, IMM 5292 or IMM 5688
  • Birth Certificate issued in Canada
  • Social Insurance Number card issued by the Government of Canada
  • Old Age Security card issued by the Government of Canada bearing the Social Insurance Number of the person named on the card
  • Certificate of Indian Status issued by the Government of Canada
  • Provincial or Territorial Health Insurance card as permitted to be used for identification purposes under provincial or territorial law
  • BC Services Card. (In British Columbia, a BC Services Card may indicate it is a Services Card and a driver’s licence. BC residents cannot have both a BC driver’s licence and a BC Services Card). The BC Services Card will be considered as one piece of identification.
  • A document or card, bearing the individual's photograph and signature, issued by any of the following authorities or their successors:
    1. Insurance Corporation of British Columbia.
    2. Alberta Registries
    3. Saskatchewan Government Insurance
    4. Department of Service Nova Scotia and Municipal Relations
    5. Department of Transportation and Public Works of the Province of Prince Edward Island
    6. Department of Service New Brunswick
    7. Department of Government Services and Lands of the Province of Newfoundland and Labrador
    8. Department of Community Government and Transportation of the Territory of Nunavut
    9. Department of Transportation of the Northwest Territories

 

 

  • Employee identity card, issued by an employer that is well known in the community, bearing the individual's photograph
  • Bank or automated banking machine or client card, issued by a member of the Canadian Payments Association in the name of, or bearing the name of, the individual and bearing the individual's signature
  • Credit card, issued by a member of the Canadian Payments Association in the name of, or bearing the name of, the individual and bearing the individual's signature
  • Canadian National Institute for the Blind (CNIB) client card bearing the individual's photograph and signature
  • Foreign passport