Egyptian Citizens inland and outland, let's Connect here
- Thread starter wildemam
- Start date
Thanks mate for providing the link!maged_mmh said:Here:
http://www.cic.gc.ca/english/resources/tools/perm/econ/fsw/selection.asp
The funds must be
available and transferable;
unencumbered by debts or other obligations; and
sufficient to support initial establishment in Canada.''
Certificates of deposit is guaranteed, available, transferable and unencumbered by any obligation. Simply once you need the money, the bank will give it to you and you will lose part of the interest.
I would totally agree with you if it was stocks or bonds.
Actually it's the opposite: bonds and stocks are the ones which transferable and unencumbered, not the deposit certificates.. ask your bank it will confirm the same, you can't transfer a certificate from one bank to another, or from one person to another, also you can't redeem it any time you like, there's a hold period for any certificate that's why it is encumberedkimokamel said:Thanks mate for providing the link!
The funds must be
available and transferable;
unencumbered by debts or other obligations; and
sufficient to support initial establishment in Canada.''
Certificates of deposit is guaranteed, available, transferable and unencumbered by any obligation. Simply once you need the money, the bank will give it to you and you will lose part of the interest.
I would totally agree with you if it was stocks or bonds.
Guys did all of you manage to obtain a bank letter according to cic requirements?because from what i have seen most of the banks dont provide such format,am wondering what did everyone do
The hold period is usually 3 month from depositing the money, but to take your money back you can do it anytime. I will double check with the bank just to cut the doubt.maged_mmh said:Actually it's the opposite: bonds and stocks are the ones which transferable and unencumbered, not the deposit certificates.. ask your bank it will confirm the same, you can't transfer a certificate from one bank to another, or from one person to another, also you can't redeem it any time you like, there's a hold period for any certificate that's why it is encumbered
No al ahly didnt provide the exact format required by CIC and thats after using connections bardo. So i added more papera to the letter like the balance certificate and bank statements to support the letterWolverine17 said:Anyone please with experience with el ahly letters
I think thats another reason they ask for POF at the port of entry tookimokamel said:The hold period is usually 3 month from depositing the money, but to take your money back you can do it anytime. I will double check with the bank just to cut the doubt.
I think that timed deposits are accepted by cic but at least in the aor the phase a savings account will be more safeexpat2be said:I think thats another reason they ask for POF at the port of entry too
I just came back now and they said that they will provide bank statement,bank letter stating the name,account no and available balance,they will stamp it with english stamp with the branch english stamp and they fill in the telephone no and stamp manually and stamp it with an arabic stamp,the letter head is in black and white and am planning to stamp it from the ministry of foreign affairs,do you think it will be enough??expat2be said:No al ahly didnt provide the exact format required by CIC and thats after using connections bardo. So i added more papera to the letter like the balance certificate and bank statements to support the letter
are you talking about al ahly el masry? or ahly united? if ahly el masry (NBE) can you tell me which branch provided that? i tried october and dokki branch and the best i could get was the CIC format without opening date nor English letterheadWolverine17 said:I just came back now and they said that they will provide bank statement,bank letter stating the name,account no and available balance,they will stamp it with english stamp with the branch english stamp and they fill in the telephone no and stamp manually and stamp it with an arabic stamp,the letter head is in black and white and am planning to stamp it from the ministry of foreign affairs,do you think it will be enough??
El ahly el masry alexandriaexpat2be said:are you talking about al ahly el masry? or ahly united? if ahly el masry (NBE) can you tell me which branch provided that? i tried october and dokki branch and the best i could get was the CIC format without opening date nor English letterhead
No need for MoFA stamp on anythingWolverine17 said:I just came back now and they said that they will provide bank statement,bank letter stating the name,account no and available balance,they will stamp it with english stamp with the branch english stamp and they fill in the telephone no and stamp manually and stamp it with an arabic stamp,the letter head is in black and white and am planning to stamp it from the ministry of foreign affairs,do you think it will be enough??
I got it from NBE small branch inside dreamland if you're in October it's very nearexpat2be said:are you talking about al ahly el masry? or ahly united? if ahly el masry (NBE) can you tell me which branch provided that? i tried october and dokki branch and the best i could get was the CIC format without opening date nor English letterhead