Egyptian Citizens inland and outland, let's Connect here

[mawcanada]

I have seen that as well,even in another thread that i recently started i saw that it can be used as a pof

This quotes from CIC website-

Bring as much money as you can to make moving and finding a home in Canada easier. Note, however, that Canadian customs regulations require you to declare if you are bringing more than CAN$10,000 into Canada. If you do not tell them, you may be fined, and your funds could be seized. These funds could be in the form of:

cash,
documents that show property or capital payable to you (such as stocks, bonds, debentures, treasury bills, etc.), or
documents that guarantee payment of a set amount of money, which are payable to you (such as bankers’ drafts, cheques, travellers’ cheques or money orders).

 

[kimokamel]

This quotes from CIC website-

Bring as much money as you can to make moving and finding a home in Canada easier. Note, however, that Canadian customs regulations require you to declare if you are bringing more than CAN$10,000 into Canada. If you do not tell them, you may be fined, and your funds could be seized. These funds could be in the form of:

cash,
documents that show property or capital payable to you (such as stocks, bonds, debentures, treasury bills, etc.), or
documents that guarantee payment of a set amount of money, which are payable to you (such as bankers’ drafts, cheques, travellers’ cheques or money orders).

This quote is about the money that you will bring with you not about the PoF

 

[Wolverine17]

This quote is about the money that you will bring with you not about the PoF

I have seen members who got ppr say that they submitted time deposits and cd as a pof

 

[Wolverine17]

Ya gama3a plz anyone who obtained a bank letter from el ahly united bank let me know what did you do daroory

 

[maged_mmh]

Guys

I saw that people all over the forum say that certificate of deposit (shahdat ed5ar) works as PoF, I saw here that someone were saying that it is inapplicable.

So you read both, and both based on real cases, what are you going to do? Which way?

Are you really serious that for any alight chance of ruining everything you're ok to get some lame interest for 6 months?!?!?!

 

[maged_mmh]

Dears there are 2 types of questions:

Conformity questions, when you just want to hear a satisfactory answer that agrees with your view

Informative questions, when you genuinely ask about what you don't know.

I find the first uninteresting

 

[expat2be]

So you read both, and both based on real cases, what are you going to do? Which way?

Are you really serious that for any alight chance of ruining everything you're ok to get some lame interest for 6 months?!?!?!

i think he means that people in other threads are saying that they used deposit certificates as POF but that someone on this thread is saying that it wont work. he didnt mean that there are people who had it approved and others that got rejected.

in my case 90% of my money is in certificates as i didnt really expect to be invited to apply so i didnt take precautions. it would be insane to convert them all back to cash after i got the ITA. I also read in other threads people saying that its okay to use deposit certificates. so im guessing if your money is still in cash it would be safer to deposit them into a savings account but if its all already in certificates then it doesnt make sense to cash it now.

 

[Wolverine17]

i think he means that people in other threads are saying that they used deposit certificates as POF but that someone on this thread is saying that it wont work. he didnt mean that there are people who had it approved and others that got rejected.

in my case 90% of my money is in certificates as i didnt really expect to be invited to apply so i didnt take precautions. it would be insane to convert them all back to cash after i got the ITA. I also read in other threads people saying that its okay to use deposit certificates. so im guessing if your money is still in cash it would be safer to deposit them into a savings account but if its all already in certificates then it doesnt make sense to cash it now.

May i ask whats your bank since am looking for feedback for el ahly bank customers

 

[expat2be]

May i ask whats your bank since am looking for feedback for el ahly bank customers

I have my main account in National Bank of Egypt ---> i dont recommend it as their Bank statements are a mix of arabic and english mess
My Payroll Account in AAIB --> They were very cooperative but a bit slow but i got all the requirements i needed, too bad i dont have much money on there

 

[kimokamel]

So you read both, and both based on real cases, what are you going to do? Which way?

Are you really serious that for any alight chance of ruining everything you're ok to get some lame interest for 6 months?!?!?!

What is your answer based on? I read the quote on the CIC website and I didnt see anything opposing certificates of deposits.
It doesnt make sense that people should keep their liquidated funds in savings accounts, usually it is either time deposit or certificate of deposits.

BTW if your money is in the form of time deposits or certificate of deposits you can at anytime get your deposited money back but you will lose the interest.

 

[kimokamel]

i think he means that people in other threads are saying that they used deposit certificates as POF but that someone on this thread is saying that it wont work. he didnt mean that there are people who had it approved and others that got rejected.

in my case 90% of my money is in certificates as i didnt really expect to be invited to apply so i didnt take precautions. it would be insane to convert them all back to cash after i got the ITA. I also read in other threads people saying that its okay to use deposit certificates. so im guessing if your money is still in cash it would be safer to deposit them into a savings account but if its all already in certificates then it doesnt make sense to cash it now.

exactly that what I meant!

 

[Wolverine17]

What is your answer based on? I read the quote on the CIC website and I didnt see anything opposing certificates of deposits.
It doesnt make sense that people should keep their liquidated funds in savings accounts, usually it is either time deposit or certificate of deposits.

BTW if your money is in the form of time deposits or certificate of deposits you can at anytime get your deposited money back but you will lose the interest.

Thats why i would like to hear feedback from fellow egyptians who used timed deposits as their pof

 

[Wolverine17]

I have my main account in National Bank of Egypt ---> i dont recommend it as their Bank statements are a mix of arabic and english mess
My Payroll Account in AAIB --> They were very cooperative but a bit slow but i got all the requirements i needed, too bad i dont have much money on there

Did they issue you letter according to cic requirements

 

[maged_mmh]

What is your answer based on? I read the quote on the CIC website and I didnt see anything opposing certificates of deposits.
It doesnt make sense that people should keep their liquidated funds in savings accounts, usually it is either time deposit or certificate of deposits.

BTW if your money is in the form of time deposits or certificate of deposits you can at anytime get your deposited money back but you will lose the interest.

Unencumbered and transferable, certificates are not transferable and are encumbered

 

[kimokamel]

Unencumbered and transferable, certificates are not transferable and are encumbered

Can you send me the link to this quote?

It is not mentioned here http://www.cic.gc.ca/english/immigrate/skilled/funds.asp