Bank Transaction statement or Bank Letter?
- Thread starter Ordinary
- Start date
This is what is needed from the bank in terms of POF - a statement printed on their letterhead which includes the bank's contact information and the following details.
1. Applicant's name and date of the statement
2. Your account number(s)
3. Date(s) on which each account was opened
4. Current balance of each account
5. Average balance in the past six months of each account
If all your POF can be shown using just 1 account, you don't have to declare your other bank accounts whether in this bank or others. CIC isn't asking for full financial history - they are just keen to know you have enough money which is unencumbered.
Banks might calculate average balance differently, doesn't matter how they do. CIC's interest behind asking this question is to ascertain if there is a large difference between 6 month average and the money you have today. If there is a big difference that indicates an unreasonably large credit transaction in the last 6 months which might indicate the presence of borrowed funds. It is your responsibility to reassure CIC about the source of such funds (if any) and conclusively prove that your POF is completely unencumbered.
Hope that clarifies. All the best!
1. Applicant's name and date of the statement
2. Your account number(s)
3. Date(s) on which each account was opened
4. Current balance of each account
5. Average balance in the past six months of each account
If all your POF can be shown using just 1 account, you don't have to declare your other bank accounts whether in this bank or others. CIC isn't asking for full financial history - they are just keen to know you have enough money which is unencumbered.
Banks might calculate average balance differently, doesn't matter how they do. CIC's interest behind asking this question is to ascertain if there is a large difference between 6 month average and the money you have today. If there is a big difference that indicates an unreasonably large credit transaction in the last 6 months which might indicate the presence of borrowed funds. It is your responsibility to reassure CIC about the source of such funds (if any) and conclusively prove that your POF is completely unencumbered.
Hope that clarifies. All the best!
Asivad Anac said:
Dear can you please suggest wht to provide if i have post office savings/FDR which of of 5 years timeline.
But they are on my name, would it be ok if i provide a certificate mentioning all my FDR no and amount and signed it by head post master?
Unlikely to be accepted as POF unless you cash them out and put the monies in your bank account.alvirahuda said:
jonnyquest
Full Member
- Jul 29, 2015
- 0
- Category........
- PNP
- Visa Office......
- Accra
- NOC Code......
- 6221
- App. Filed.......
- Jan 2016
- Doc's Request.
- 13th May 2016
- Nomination.....
- 13th Aug 2016
Hi Guys,
I have an issue. My wife is an principal Applicant and she use to live with her parents in Dubai on a student visa sponsored by her parents.
She has worked their for over 6 years. She has all the appointment letter. salary certificate. But her visa says student/not allowed to work. I dont know what dubai law are y they have such visas for Girls.
Will she be quality or cic will reject her application.
Guys i am very tensed pls help me.
Regards,
I have an issue. My wife is an principal Applicant and she use to live with her parents in Dubai on a student visa sponsored by her parents.
She has worked their for over 6 years. She has all the appointment letter. salary certificate. But her visa says student/not allowed to work. I dont know what dubai law are y they have such visas for Girls.
Will she be quality or cic will reject her application.
Guys i am very tensed pls help me.
Regards,
I don't think it matters what her visa type was in Dubai. With regards to her work experience, all she needs are those reference letters. I live in Saudi Arabia, and they have the same idiotic rules. I understand where you're coming from.jonnyquest said:
HI Asivad
I have fixed deposits from last 3 months only.
Earlier I had these money in my saving s account.
in June 2015 I transfered from sacing accnt to fixed deposits.
How do I prove it s not borowed money...
if I show last 6 months stmt is it ok?
Or any loe??
5
I have fixed deposits from last 3 months only.
Earlier I had these money in my saving s account.
in June 2015 I transfered from sacing accnt to fixed deposits.
How do I prove it s not borowed money...
if I show last 6 months stmt is it ok?
Or any loe??
5
If you had those monies for more than 6 months in an account in your name, that would suffice. Just get the bank statement highlighting that the FD was created in the month of June from your funds.Oka said:
CIC doesn't ask for monthly statements. If you can get a letter from your bank which has all required details, that would suffice.mco246 said:
Monthly statements are required only if you cannot get your bank to mention average balance for last 6 months.