Please can anyone help with this. Single outland FSW applicant with AOR date - April 28, 2023. I just got an ADR for updated proof of funds. The letter says "please provide an updated proof of funds. You must get an official letter from your bank or Financial institution. Please state the average balance for the past six months and a written explanation for the source of funds. Also please declare if you have any debts or loans"
I don't know why they're asking so soon but I have the funds untouched in an investment account. USD10,220 (when I submitted in March it was 9,952 but it's grown due to interests) I've had it since March 2022, and so getting a new letter from the bank is easy as the funds are still there. My challenge is with the explain the source of funds part. This money is literally my life savings, money I've saved over the years that I've been earning an income (15 years). Is it OK if I state this as the source of the funds? Or do I have to get someone to give me a gift deed and submit that instead? I have been unemployed since January 2023, maybe that's why they're asking for the source of this funds. My regular bank account has had no reasonable or steady inflow since I lost my job so I can't submit that either.
PS: I was unemployed for about 3months in 2021 also and I have no debts. The funds are not in a regular bank but a financial institution (investment house fully licensed and regulated by the authorities in my country