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May i withdraw half of my money from my bank account during processing of Study Permit?

Zcvxcv

Star Member
Oct 5, 2021
81
0
Should a full amount of money be in bank account during processing of Study Permit or it's ok if i take a half out
 

Raptor33

Hero Member
May 10, 2020
380
141
Should a full amount of money be in bank account during processing of Study Permit or it's ok if i take a half out
Yes, you may withdraw half of your money from your bank account during the processing of your Study Permit. There is no requirement that you have the full amount of money in your bank account during the processing of your application.

However, it is important to keep in mind that IRCC may request proof of funds as part of your application. This means that you will need to provide documentation showing that you have enough money to support yourself and your dependents while you are in Canada.

If you withdraw half of your money from your bank account, you will need to make sure that you can still provide sufficient proof of funds. You can do this by keeping a record of your withdrawals and showing that you have access to other sources of income, such as a job or a scholarship.

Here are some tips for providing proof of funds for your Study Permit application:
  • Keep a record of your withdrawals. This will show that you have access to the money and that you have not spent it all.
  • Show that you have other sources of income. This could include a job, a scholarship, or a loan.
  • Be prepared to provide documentation. This could include bank statements, pay stubs, or letters from your employer or school.
I hope this helps!