Average Bank Balance

[reachforjay]

Hi Folks,

Hopefully, I can find some guidance on this. I have the required funds for myself and family, however, on the bank reference letter they stated the average balance for the last 6 months "is in the low five digits". Is this acceptable? The bank said that "this is how it has to be" and are refusing to put a precise average balance. Should I attach an LOE stating their refusal? They stated the actual amount for total funds on hand, however.

 

[hope2018]

Hi Folks,

Hopefully, I can find some guidance on this. I have the required funds for myself and family, however, on the bank reference letter they stated the average balance for the last 6 months "is in the low five digits". Is this acceptable? The bank said that "this is how it has to be" and are refusing to put a precise average balance. Should I attach an LOE stating their refusal? They stated the actual amount for total funds on hand, however.

Not sure what you exactly mean by that. But if you have been maintaining consistently and no huge deposits you can supplement bank letter with 6 months bank statements.

 

[reachforjay]

Yes I had bank statements just in case. Anyways, docs submitted and AoR received almost immediately, as this was the last document I was waiting on.

 

[cansha]

Hi Folks,

Hopefully, I can find some guidance on this. I have the required funds for myself and family, however, on the bank reference letter they stated the average balance for the last 6 months "is in the low five digits". Is this acceptable? The bank said that "this is how it has to be" and are refusing to put a precise average balance. Should I attach an LOE stating their refusal? They stated the actual amount for total funds on hand, however.

That's weird. What bank is this? Probably this bank has forgotten you're the customer and not the other way around. As stated above last 6 months bank statements should be enough.