Cancellation service #1 in Canada
Dear Sir or Madam,
I hereby notify you of my decision to terminate the contract relating to the Sbi service.
This notification constitutes a firm, clear and unequivocal intention to cancel the contract, effective at the earliest possible date or in accordance with the applicable contractual period.
Please take all necessary measures to:
– cease all billing from the effective date of cancellation;
– confirm in writing the proper processing of this request;
– and, if applicable, send me the final statement or balance confirmation.
This cancellation is addressed to you by certified e-mail. The sending, timestamping and content integrity are established, making it a probative document meeting electronic proof requirements. You therefore have all the necessary elements to proceed with regular processing of this cancellation, in accordance with applicable principles regarding written notification and contractual freedom.
In accordance with personal data protection rules, I also request:
– deletion of all my data not necessary for your legal or accounting obligations;
– closure of any associated personal account;
– and confirmation of actual data deletion according to applicable privacy rights.
I retain a complete copy of this notification as well as proof of sending.
Cancellation Sbi: Easy Method
What is Sbi
SBI (State Bank of India) operates a Canadian entity, SBI Canada, which offers personal banking products including chequing and savings accounts and a Student GIC (Guaranteed Investment Certificate) program for international students as proof of funds. Services and customer experiences vary by branch and channel; specific product terms (for example the Student GIC program) are published on SBI Canada’s Student GIC pages.
How to cancel Sbi
Cancellation steps depend on the product. For the Student GIC program there is a documented short cancellation window and required documentation; for app subscriptions or other services there is no public, bank-published subscription cancellation policy and you may need to use the platform (App Store / Google Play) or payment-provider dispute channels. For formal notices, use a trackable method such as registered mail to the legal address listed in the privacy/contacts.
- Student GIC cancellation (recommended steps): 1) Act promptly - submit cancellation within 14 business days of the GIC issue date; 2) Prepare required documents such as proof of withdrawal of admission or refund confirmation of academic fees; 3) Submit the documents via the Student GIC portal or the channel specified in your GIC paperwork (studentgic.sbicanada.com); 4) Track and retain confirmations; 5) If needed, send a formal registered-mail notice to the bank’s legal contact address to create a record of your request.
What happens when you cancel
When a Student GIC is cancelled within the stated window, SBI Canada will start refund processing once it receives and approves the required documentation; funds (including the administrative fee) are refunded subject to verification and regulatory approvals. For other services, cancellation typically stops further renewals or billing but may not automatically trigger refunds. Account access, linked services and auto-renewals will be stopped for the cancelled product; however, the bank will retain account and transaction records as required by law and its privacy policy. If you used an app or platform, subscription cancellation may need to be confirmed with that platform (App Store / Google Play).
Will I get a refund?
For the Student GIC program: if you cancel within 14 business days of issue and you provide the required documentation (for example proof of withdrawal of admission or refund confirmation of academic fees), SBI Canada will refund your funds and the CAD 150 administrative fee subject to approval and processing - see the Student GIC pages for details (studentgic.sbicanada.com). Outside that 14-business-day window the standard administrative fee (CAD 150) is normally non-refundable. For app-based subscriptions there is no publicly documented SBI Canada refund policy; refunds for app charges are usually handled through the App Store / Google Play refund processes or via your payment issuer for unauthorized transactions.
Sbi plans and pricing
| Plan | Price | Period | Features |
|---|---|---|---|
| Chequing Account | C$4.00 per month | Monthly | CAD & USD, no interest, fee waived if daily balance ≥ C$1,000; waived for seniors (>65) and youth (<18) |
| Savings Account | C$10.00 per month | Monthly | CAD only, interest 0.01% p.a., fee waived if daily balance ≥ C$200 |
| Super Saver Account | C$12.00 per month | Monthly | High-yield savings (~0.40% p.a.), fee waived if daily balance ≥ C$2,000; includes 5 debit transactions; extra transactions C$0.75 each |
| Premium Savings Account | C$15.00 per month | Monthly | Premium interest (increasing over time), unlimited debit transactions, fee waived if daily balance ≥ C$25,000 |
| Student GIC Program (administrative fee) | C$150.00 one-time | One-time | For student GIC (proof of funds), administrative fee (non-refundable except within the 14-business-day cancellation window) |
Your consumer rights in Canada
Canadian consumer protection requires clear disclosure of cancellation and refund terms for financial products. For the Student GIC, SBI Canada provides a 14-business-day cancellation window and associated refund conditions. If you face unauthorized charges you may have rights through your payment card issuer or the platform (App Store / Google Play) to request a chargeback or refund. If a dispute cannot be resolved with the bank, you can escalate to provincial consumer protection agencies or federal resources such as the Financial Consumer Agency of Canada for guidance and complaint procedures.
Customer experiences
Customer feedback is mixed. Positive reports highlight helpful and friendly branch staff, efficient in-person assistance (for example some branches have been praised for remittance app setup and prompt email responses). Negative reviews point to issues with account access, delayed or stuck funds, unresponsive call-centre support, technical problems, and limited digital features (for instance limited Interac e-transfer/ATM access in some cases). Expect variable service depending on branch and channel; document your interactions and keep receipts and reference numbers when you contact support.
Documentation checklist
- Photo ID (passport or government-issued ID), account number and proof of ownership;
- Student GIC documents: original GIC issuance confirmation and account details;
- Proof of withdrawal of admission OR refund confirmation of academic fees (as required for Student GIC cancellation);
- Copies of email correspondence or support ticket references and receipts;
- Registered-mail tracking receipt or proof of delivery if you send a formal notice.
Common mistakes
Missing the 14-business-day cancellation window for the Student GIC is a frequent error that can forfeit the administrative-fee refund; always calculate business days from the GIC issue date. Submitting incomplete documentation (for example not including a formal refund confirmation from the educational institution) delays processing or leads to denial. Contacting the wrong support channel or relying solely on in-app messages when the bank has asked for formal documents can slow resolution. Also, do not assume app-store purchases or subscriptions are covered by the bank’s refund policies - those are often handled by the platform.
Comparative recap
| Method | Refund | Difficulty |
|---|---|---|
| Student GIC - cancel within 14 business days | Possible, including CAD 150 admin fee (subject to documents and approval) | Low - Medium (requires timely submission and verification) |
| Student GIC - cancel after 14 business days | Unlikely; admin fee generally non-refundable | High (refund uncommon) |
| App subscription (App Store / Google Play) | Depends on platform policy and developer - refunds via store | Medium (use platform refund tools) |
| Dispute via payment issuer / ombudsman | Possible for unauthorized or unapproved charges | Medium - High (investigation may be required) |
After cancelling
After you submit a cancellation and required documents, retain copies of everything and monitor the channel you used for response and bank confirmations. For Student GIC details and application guidance see the SBI Canada Student GIC portal and application guide: studentgic.sbicanada.com and Student GIC Application Guide. If your issue involves app charges, check the Apple or Google support pages for refunds and charge disputes and contact your card issuer for unauthorized charges. For general financial consumer guidance in Canada, consult the Financial Consumer Agency of Canada: FCAC. Document timelines and, if needed, escalate to provincial consumer protection or dispute resolution bodies.
Address
SBI s.r.l. - Viale Forlanini, 38 - 20024 Garbagnate Milanese (MI), Italy
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FAQ
Important warning regarding service limitations
In the interest of transparency and prevention, it is essential to recall the inherent limitations of any dematerialized sending service, even when timestamped, tracked and certified. Guarantees relate to sending and technical proof, but never to the recipient's behavior, diligence or decisions.
Please note, Postclic cannot:
- guarantee that the recipient receives, opens or becomes aware of your e-mail.
- guarantee that the recipient processes, accepts or executes your request.
- guarantee the accuracy or completeness of content written by the user.
- guarantee the validity of an incorrect or outdated address.
- prevent the recipient from contesting the legal scope of the mail.