Hi,
I have a question regarding the proof of funds and impacts because of money transfers between accounts, as I'm gathering all the documents for possible ITA in the coming months.
I have two bank accounts: one is saving (American Express), where I keep most of my money, and another one is checking (Wells Fargo), where I get paychecks and daily usage. Both accounts meet the minimum fund requirements.
I'm looking into using the saving account for POF as it has most of my funds, and it has no international transfers from my family members (if I understand correctly, I need to show a gift deed because early this year, there were wire transfers from my family, and based on the current score, it's very likely it will show up in the 6 month period at the time of ITA). However, I made a (possibly) mistake in transferring the funds from my checking to my saving account afterwards, which resulted in my saving account also having a large transfer in the bank statement. The savings account balance is well above the min requirements before and after the transfer (100k+ USD), but the wire transfer amount is also large, and in the Amex statement, it's only shown as Wells Fargo external transfer (only the account number, and doesn't indicate it's my own account).
My question is, does this transfer action between my accounts require me to provide POF and 6-month bank statements from both banks and a gift deed from my family? or is it sufficient to just show my saving account as based on the pre- and post transfers balance, I'm clearly not trying to borrow money from another bank to meet the minimum threshold.
I'm not sure if anyone has similar experience in the past. Thanks for any response.
I have a question regarding the proof of funds and impacts because of money transfers between accounts, as I'm gathering all the documents for possible ITA in the coming months.
I have two bank accounts: one is saving (American Express), where I keep most of my money, and another one is checking (Wells Fargo), where I get paychecks and daily usage. Both accounts meet the minimum fund requirements.
I'm looking into using the saving account for POF as it has most of my funds, and it has no international transfers from my family members (if I understand correctly, I need to show a gift deed because early this year, there were wire transfers from my family, and based on the current score, it's very likely it will show up in the 6 month period at the time of ITA). However, I made a (possibly) mistake in transferring the funds from my checking to my saving account afterwards, which resulted in my saving account also having a large transfer in the bank statement. The savings account balance is well above the min requirements before and after the transfer (100k+ USD), but the wire transfer amount is also large, and in the Amex statement, it's only shown as Wells Fargo external transfer (only the account number, and doesn't indicate it's my own account).
My question is, does this transfer action between my accounts require me to provide POF and 6-month bank statements from both banks and a gift deed from my family? or is it sufficient to just show my saving account as based on the pre- and post transfers balance, I'm clearly not trying to borrow money from another bank to meet the minimum threshold.
I'm not sure if anyone has similar experience in the past. Thanks for any response.
