Bank statements of all banks?

[vineetb]

Hi,

I have one bank account that has the required funds for Express entry.

However, I have other bank accounts as well that may have some funds but are not relevant, that is, I'm not counting on the funds in those accounts.

Do I have to get the six month balance of ALL accounts or just the relevant one?

 

[vkamath]

Just the relevant one which has the funds for express entry

 

[AndyUK]

Just the one with the funds.
You can (some would even say should - depends on the approach) show your other accounts but it can be just the most recent statement, rather than 6 months.

 

[vineetb]

Thanks @vkamath. It's the instructions on the express entry proof of finance requirements that mentions ALL accounts.

Hi @AndyUK , what's the safest approach then? To include all or to omit all but the relevant one?

 

[AndyUK]

Thanks @vkamath. It's the instructions on the express entry proof of finance requirements that mentions ALL accounts.

Hi @AndyUK , what's the safest approach then? To include all or to omit all but the relevant one?

I provided details of 3 accounts, 1 credit card, and 1 loan held in two banks (only 1 account was used as POF but another account was shown as a cover for the loan and credit card).
Between my wife and I, we also had another 2 bank accounts and 2 credit cards but didn't provide those details as the amounts there were either very small or zero.

So my approach was to show everything I felt was relevant.
I spoke two different immigration lawyers and they gave me 2 different answers - one said provide all accounts, the other one just the POF account.

 

[vineetb]

I provided details of 3 accounts, 1 credit card, and 1 loan held in two banks (only 1 account was used as POF but another account was shown as a cover for the loan and credit card).
Between my wife and I, we also had another 2 bank accounts and 2 credit cards but didn't provide those details as the amounts there were either very small or zero.

So my approach was to show everything I felt was relevant.
I spoke two different immigration lawyers and they gave me 2 different answers - one said provide all accounts, the other one just the POF account.

Thanks Andy, that helps a lot. Since I have no loans and only one account which has the funds, the choice is easier.

Wondering if I should show my salary accounts, in which the money comes and goes fast and does not contribute to POF? It, however, does exhibit that I'm working.

 

[AndyUK]

Wondering if I should show my salary accounts, in which the money comes and goes fast and does not contribute to POF? It, however, does exhibit that I'm working.

I wouldn't bother in this case.

 

[vkamath]

Thanks @vkamath. It's the instructions on the express entry proof of finance requirements that mentions ALL accounts.

Hi @AndyUK , what's the safest approach then? To include all or to omit all but the relevant one?

I few account back home where i have savings from my earlier job. I have one primary account which i was using in Canada for few years that i provided. This is the account where i held all funds, got my salary, paid taxes.

The account had transactions and the money could be traced easily. Hence I didn't have a problem.

 

[vineetb]

Another question, guys.

Do I have to show the entity called average monthly balance? It's not asked for, but some online forum asked to include this.

Also, do I have to show the current conversation rate from CAD to INR (POF currency)?

 

[hamgha]

Another question, guys.

Do I have to show the entity called average monthly balance? It's not asked for, but some online forum asked to include this.

Also, do I have to show the current conversation rate from CAD to INR (POF currency)?

No statement is enough, they can figure out conversion rate but you can added a bullet point in loe. Make sure you have a bit more than needed

 

[brunogent]

Hello.
I was selected with an ITA and i have a question for my proof of funds. I lended 15000€ to my sister 18 months ago and she refunded me 2 days ago.
is it ok in the proof of funds if I write a letter to explain this and I adda bank statement when i lended to my sister and another where she refunds me (same bank account and same name). Thanks for your help

 

[AndyUK]

Hello.
I was selected with an ITA and i have a question for my proof of funds. I lended 15000€ to my sister 18 months ago and she refunded me 2 days ago.
is it ok in the proof of funds if I write a letter to explain this and I adda bank statement when i lended to my sister and another where she refunds me (same bank account and same name). Thanks for your help

Yes, that's fine.

 

[brunogent]

I am so stressed because my bank refused to write this famous letter POF
So i wrote a letter ox explaination with:
- bank certificate with all my accounts
- copy of email of my banker who say that he´s unable to give some informations on a special letter. He also put date of opening of all my accounts
- My last 6 months bank statement for all my accounts
- A synthesis of all my accounts with accounts numbers and balances

hope it should be ok. I gave them all my informations from France. Cannot do more

 

[vineetb]

I think if you mention that you have a debit card using which you'll be able to withdraw money for your use, that should be sufficient.

 

[brunogent]

I think if you mention that you have a debit card using which you'll be able to withdraw money for your use, that should be sufficient.

i posted my documents already. I should say that I have a card ? It’s an important information ?