bank fund statement

[A_pant]

Hi, how old should be the required fund needed in the bank?
For how many months bank statement should I get from my bank
thanks

 

[Asivad Anac]

CIC has no such requirements. You have to reassure them that the funds are not borrowed. One way of confirming that is by asking applicants to get 6 months average balance mentioned in their bank certificate/letter. In a roundabout way, you can assume that funds have to be around for 6 months but that is not a mandatory requirement.

 

[kakhileshreddy]

hi asivad...

need your help badly here.. for POF i have 20 days left to submit..

i have shares of 5000+(in which employer has vested 1000$) this is the current value.
i have GIC's(RSP) 3000
joint savings account-10K(my friend transfered 10k recently by form of check)
checking account 2000(salaried account) i normally push this money to my savings.
visa debt 4000

so please advise can i ask my friend to write a letter stating that this is a gift and will notarize it.

will this be OK if not please advise what to do..

can i transfer from savings to my salary account and generate the monthly account statements where it shows transferred rather than deposited..

please advise...

 

[Asivad Anac]

hi asivad...

need your help badly here.. for POF i have 20 days left to submit..

i have shares of 5000+(in which employer has vested 1000$) this is the current value.
i have GIC's(RSP) 3000
joint savings account-10K(my friend transfered 10k recently by form of check)
checking account 2000(salaried account) i normally push this money to my savings.
visa debt 4000

so please advise can i ask my friend to write a letter stating that this is a gift and will notarize it.

will this be OK if not please advise what to do..

can i transfer from savings to my salary account and generate the monthly account statements where it shows transferred rather than deposited..

please advise...

This is dicey. You can submit a notarized signed self-declaration from your friend along with other evidence of fund transfer but it really depends on the officer concerned if they would accept this or not.