Proof of Funds

[Nirvana3136]

Hi Everyone ,

Hope you are doing well !

I want to clear some doubts with respect to Proof of Fund,

I have two bank account. Say A & B

Can I borrow money from my friends/ family and deposit that in bank B. After borrowing I will create a Fixed deposit in Bank A ( i will transfer the money from B to A).
And now, after 6 months I will create my EE profile.

1. Will is be possible to do so since I will have this FD in my bank A for 6 months. ( I will show bank A while submitting EE)

Thanks

 

[dankboi]

Hi Everyone ,

Hope you are doing well !

I want to clear some doubts with respect to Proof of Fund,

I have two bank account. Say A & B

Can I borrow money from my friends/ family and deposit that in bank B. After borrowing I will create a Fixed deposit in Bank A ( i will transfer the money from B to A).
And now, after 6 months I will create my EE profile.

1. Will is be possible to do so since I will have this FD in my bank A for 6 months. ( I will show bank A while submitting EE)

Thanks

What IRCC accept as proof
Funds must be readily available to you. For example, you can't use equity on real property as proof of settlement funds.
You also can’t borrow this money from another person. You must be able to use this money to pay the costs of living for your family (even if they aren’t coming with you).
If your spouse is coming with you, you can count money you have together in a joint account. You may be able to count money in an account under their name only, but you must prove you have access to the money.
The funds must be available both when you apply and when (if) we issue you a permanent resident visa. You must prove to an immigration officer that you can legally access the money to use here when you arrive.
For proof, you must get official letters from any banks or financial institutions where you’re keeping money.

 

[starlordavuthu]

Hi Everyone ,

Hope you are doing well !

I want to clear some doubts with respect to Proof of Fund,

I have two bank account. Say A & B

Can I borrow money from my friends/ family and deposit that in bank B. After borrowing I will create a Fixed deposit in Bank A ( i will transfer the money from B to A).
And now, after 6 months I will create my EE profile.

1. Will is be possible to do so since I will have this FD in my bank A for 6 months. ( I will show bank A while submitting EE)

Thanks

Money should be yours, not borrowed. If you borrow money you would need to keep that untouched in your bank account for over an year.