FUNDS Query

[Engineer43]

Can we show proof of funds in another country bank account which we have access too?

Partial funds are in my own bank account out side my country of residence and partial funds are in bank account of my country of residence. Both accounts are in my name and i have access to them and the cumulative of both account is equal to the required funds.

Experts please reply with your thoughts, Thanks

 

[Sp*]

Can we show proof of funds in another country bank account which we have access too?

Partial funds are in my own bank account out side my country of residence and partial funds are in bank account of my country of residence. Both accounts are in my name and i have access to them and the cumulative of both account is equal to the required funds.

Experts please reply with your thoughts, Thanks

Hello

Just to be on safe side why dont you transfer the funds in one account and show them. (That's what I did as I dont want to take unnecessary stress). It will be more easy that way.

But as far as both accounts are under your name and have enough funds maintained from last six months than you can go ahead and show in both accounts.

Just make sure its equivalent to canadian dollar as required by IRCC.
Just keep in minda to keep more than minimum as currency keep fluctuating.
Hope it helps.

 

[Engineer43]

Hello

Just to be on safe side why dont you transfer the funds in one account and show them.
It will be more easy that way.

Could do but the scenario is:

The bank out side country of residence will be deposited by selling property in that country. I will be explaining that in letter as how the money is deposited i.e. attaching property sell documents etc.

By moving money will cost a lot in exchange rate, this could be done only if deem necessary. Hence is the reason to ask experts opinions here. Thanks

 

[Sp*]

Could do but the scenario is:

The bank out side country of residence will be deposited by selling property in that country. I will be explaining that in letter as how the money is deposited i.e. attaching property sell documents etc.

By moving money will cost a lot in exchange rate, this could be done only if deem necessary. Hence is the reason to ask experts opinions here. Thanks

Yeh totally understand about loosing so much money in exchange rate.
Just wait for few other opinions. I dont think it should be a problem.
Good luck.

 

[Engineer43]

Yeh totally understand about loosing so much money in exchange rate.
Just wait for few other opinions. I dont think it should be a problem.
Good luck.

Thanks Sp