Proof of Funds (Express Entry)

[Wandering Mind]

Thank you very much.
And, I did create a gift deed.. all I'm concerned is about the Letter of explanation.
So I was wondering if I could get an example for that...I have to explain that there is a gift and there is no official reference letter from the company... :/ Could you please help me with that LOE...? Thank you...

Just write down what you just told me! Then look at how it reads and make changes if you want.

It's easy to write once you're clear in your mind what you want to say. Good luck.

 

[CANADA CALLING ME]

Hello.
I am new to this forum.
Need an urgent help. In my eAPR on 14th July 2017 ,for the proof of funds I uploaded a bank balance confirmation letter from the Bank that mentions my current balance (savings account) and my relationship with the bank date from 2011 alomg with other details like account number
I have not uploaded 6 months bank statement,
will it affect the decision?
How do i upload the statements now?

Seniors please suggest a solution.

Thanks.

 

[nbt11]

Just write down what you just told me! Then look at how it reads and make changes if you want.

It's easy to write once you're clear in your mind what you want to say. Good luck.

Sounds good to me.. Thank you very much

 

[sureshlike33]

Please check this. Try some workaround, maybe get those funds to one of your family members' account and get that to yours? If possible.

Thanks, this is very useful information

 

[vkumar7077]

Hello , Pls help.
I have an FD for 20000 Can$ since last 6 months. Can I use this as proof of funds?
If so what all documents do I need to submit? Will a letter from Bank suffice or do we need FD statement? or both letter and the statement

 

[kennerve]

Correct I have two accounts, in two different banks. Only one account has the sufficient funds required by IRCC. I am transferring money from an account to another, on a regular basis, to make some savings. 6 months ago, the account I want to use for IRCC request/proof of funds, was already above the limit required.
Do you think I need to justify making money transfers to this account, in this case? The amount every month consequently increases with each transfer.. I mean I suspect this is the case for many people.

This should be fine as long as not a huge sum of money going in suddenly

 

[mattjp1]

This should be fine as long as not a huge sum of money going in suddenly

Fingers crossed. Thanks for taking time to reply.

 

[kennerve]

Please check this. Try some workaround, maybe get those funds to one of your family members' account and get that to yours? If possible.

For my case is a little unique I would say. I have a joint bank account with my aunt and she is supposed to write a proof of discharge of funds to me.

 

[rekhabishop]

I have two bank accounts in two different banks. Can I show bank statements from both the accounts?

 

[nbt11]

I have two bank accounts in two different banks. Can I show bank statements from both the accounts?

Yes, no problem at all. (I'm assuming balance in both the accounts add up to the minimum requirement )

 

[rekhabishop]

Yes, no problem at all. (I'm assuming balance in both the accounts add up to the minimum requirement )

Yea, does!
But the thing is that my mom has recently sent me some money. It is actually because I had helped with my brother's tuition fee, last year. So they have returned the amount and it is nearly double of what was already there in the account.
I don't know how to present that.

Also, does FD and provident fund/mutual fund count as POF?

 

[nbt11]

Yea, does!
But the thing is that my mom has recently sent me some money. It is actually because I had helped with my brother's tuition fee, last year. So they have returned the amount and it is nearly double of what was already there in the account.
I don't know how to present that.

Also, does FD and provident fund/mutual fund count as POF?

Hmm I would suggest a simple gift deed because it came from your mom. We can actually explain the whole situation that they are returning the money, but why complicate the situation when it is from family.

And yes, yes and yes. FD, PF and Mutual funds count as POF
Hope this helps. Cheers

 

[rekhabishop]

Hmm I would suggest a simple gift deed because it came from your mom. We can actually explain the whole situation that they are returning the money, but why complicate the situation when it is from family.

And yes, yes and yes. FD, PF and Mutual funds count as POF
Hope this helps. Cheers

You're awesome!! I owe you a treat (Hint: I make amazing brownies and North Indian food)

 

[nbt11]

You're awesome!! I owe you a treat (Hint: I make amazing brownies and North Indian food)

Glad I could be of some help
Great I'll be waiting for your treat... in Canada

 

[seawaves0703]

Hi Guys I have a bank accont in Chase in the US. They gave me an account summary letter with the average balance for a year (Not signed) and I also have the bank statements. Is this enough as proof of funds ?