+1(514) 937-9445 or Toll-free (Canada & US) +1 (888) 947-9445

Help! My average balance of six months is peanuts compared to the POF amount, as my funds are all in an FD.

goosegoose96

Newbie
Jul 13, 2024
2
0
As soon as I received the funds from my father in my savings account, I put them in a Fixed deposit. As such, my average monthly balance is just a few dozen dollars for each month. Would this be a problem? P.S. I have a statement from the bank about my Fixed deposit, as well as a gift deed from my father which mentions the same Fixed Deposit. Is this good enough? What should I do? please advise
 
Last edited:

foodie69

VIP Member
Dec 18, 2015
3,358
1,038
As soon as I received the funds from my father in my savings account, I put them in a Fixed deposit. As such, my average monthly balance is just a few dozen dollars for each month. Would this be a problem? P.S. I have a statement from the bank about my Fixed deposit, as well as a gift deed from my father which mentions the same Fixed Deposit. Is this good enough? What should I do? please advise
How long is a piece of string?