Proof of Fund (Canadian Bank)
- Thread starter Sabeen99
- Start date
Hi Sabeen,Hello pals,
Is anyone here who has submitted bank balance certificate from Canadian bank. I need some suggestions. Does bank provide as for the format requested by IRCC or not ? I have a bank account in RBC bank.
I am based in Vancouver and recently got a Proof of Funds statement from RBC for the 3 accounts and Credit card account I hold with them. They do provide the statement in the format required by IRCC. Just to be safe, take a printout of the exact requirements and meet a Banking officer (You can take an appointment in your nearest branch after logging into your account online). They apparently have a typical format and he will send the request to the back end operations for processing and call you after a couple of days when it is ready for collection.
I got a letter as below on the RBC Letterhead:
(Date)
(My name)
(My address as per records)
Dear XYZ,
I am writing to confirm that you have maintained teh follwoing services with RBC Royal Bank since (year):
(Account type 1) (Account number) opened (Month, Year), Sole owner, ($ Current balance figure), Average six month balance ($ amount)
(Account type 2) (Account number) opened (Month, Year), Sole owner, ($ Current balance figure), Average six month balance ($ amount)
(Account type 3) (Account number) opened (Month, Year), Sole owner, ($ Current balance figure), Average six month balance ($ amount)
(Credit card number) opened (Month, Year), Sole owner, Credit limit ($ amount), Current balance ($ amount)
Currently, you are client in good standing and all obligations are up to date.
This letter is provided with the understanding that neither the writer nor Royal Bank of Canada shall be liable in the event that its content is inaccurate or incomplete.
If you have any additional questions or if you would like additional information, please call us at----- and one of our representatives shall be glad to help.
We appreciate your business and thank you for choosing RBC Royal Bank.
Sincerely,
(Signed)
Name
Address
Hi Sabeen,
I am based in Vancouver and recently got a Proof of Funds statement from RBC for the 3 accounts and Credit card account I hold with them. They do provide the statement in the format required by IRCC. Just to be safe, take a printout of the exact requirements and meet a Banking officer (You can take an appointment in your nearest branch after logging into your account online). They apparently have a typical format and he will send the request to the back end operations for processing and call you after a couple of days when it is ready for collection.
I got a letter as below on the RBC Letterhead:
(Date)
(My name)
(My address as per records)
Dear XYZ,
I am writing to confirm that you have maintained teh follwoing services with RBC Royal Bank since (year):
(Account type 1) (Account number) opened (Month, Year), Sole owner, ($ Current balance figure), Average six month balance ($ amount)
(Account type 2) (Account number) opened (Month, Year), Sole owner, ($ Current balance figure), Average six month balance ($ amount)
(Account type 3) (Account number) opened (Month, Year), Sole owner, ($ Current balance figure), Average six month balance ($ amount)
(Credit card number) opened (Month, Year), Sole owner, Credit limit ($ amount), Current balance ($ amount)
Currently, you are client in good standing and all obligations are up to date.
This letter is provided with the understanding that neither the writer nor Royal Bank of Canada shall be liable in the event that its content is inaccurate or incomplete.
If you have any additional questions or if you would like additional information, please call us at----- and one of our representatives shall be glad to help.
We appreciate your business and thank you for choosing RBC Royal Bank.
Sincerely,
(Signed)
Name
Address
Thank you so much, I went to the bank today, and the guy told me it might take 7-8 business days to get letter. I was wondering how many days it took for you to get the letter from bank?
Well, that sounds about right. It took me 6 days to get the letter, so just be patient.Thank you so much, I went to the bank today, and the guy told me it might take 7-8 business days to get letter. I was wondering how many days it took for you to get the letter from bank?
Just got the letter, but the letter is in black and white color. Did you get the letter in black and white or the color print?Well, that sounds about right. It took me 6 days to get the letter, so just be patient.
I am with TD bank. I just went to TD bank, asked them that I need a bank statement with the stamp on it for permanent residence purpose, they listed with all transactions occurred in 6 months. I am somewhere 73 days now, so I am guessing it is fine to do so too.Hello pals,
Is anyone here who has submitted bank balance certificate from Canadian bank. I need some suggestions. Does bank provide as for the format requested by IRCC or not ? I have a bank account in RBC bank.
Got it in Black and White (standard RBC practice) and submitted it as I received it.Just got the letter, but the letter is in black and white color. Did you get the letter in black and white or the color print?
hey everyone,
I am not sure if I am in the right place but I need to ask you this.
have received an ITA and about to present the proof of funds. the thing is that I have a big chunk of my funds as a bank certificate. The bank certificate date started October 2019, and was renewed at October 2020, and will end at October 2021. The statement states that I have X amount of funds and that they are held by the bank. Is that a problem to submit as proof of funds? Because I will be able to spend it after October 2021.
Please help me because I am running out of time and I have to submit my application before it expires.
would it be ok to submit my bank statement and the certificate? If I submitted both, they will cover the funds needed.
I am not sure if I am in the right place but I need to ask you this.
have received an ITA and about to present the proof of funds. the thing is that I have a big chunk of my funds as a bank certificate. The bank certificate date started October 2019, and was renewed at October 2020, and will end at October 2021. The statement states that I have X amount of funds and that they are held by the bank. Is that a problem to submit as proof of funds? Because I will be able to spend it after October 2021.
Please help me because I am running out of time and I have to submit my application before it expires.
would it be ok to submit my bank statement and the certificate? If I submitted both, they will cover the funds needed.
Sorry for the delay, Rahul. I don't log into this account frequently.
Since I was an Inland applicant, my bank was a Canadian bank (RBC). I think they charged me like $15 dollars or so for the letter and certified prints of my account statements.
When I submitted POF from my Indian bank, they charged me nothing for the letter. The banks were SBI and ICICI.