Letter from the bank , Proof of funds

[nunhaya]

Hi,
Can anyone tell me as to what exactly needs to be mentioned in the letter by the bank.
Does it have to only state my current balance or does it have to include the lowest and highest of my balance in the last six months ?

Can someone please direct me to template or even better , send me one ?

 

[Maverick28]

The letter should mention your name, account number, account type, date the account was open, current balance and average balance for last 6 months. It should be on the bank letterhead.

 

[Marty_]

Hi,
Can anyone tell me as to what exactly needs to be mentioned in the letter by the bank.
Does it have to only state my current balance or does it have to include the lowest and highest of my balance in the last six months ?

Can someone please direct me to template or even better , send me one ?

TO WHOM IT MAY CONCERN

Date: xxx 2017


This is to certify that Mr. xxx is an accountholder of this bank since _______(Date). He is maintaining a Savings account and Fixed Deposit account with this bank. The details of each of his account as of _______(Date) are given below.

Account Account Number Current Balance (in local currency) Value in CAD*


TOTAL(A) =

Deposit Account Account Number Current Balance (in local currency) Value in CAD*


TOTAL(B) =

GRAND TOTAL (A+B) = _______________ (both in local currency and CAD value)

CAD – Canadian Dollar (*1 CAD = xx local currency as on ______(Date)).


The average balance for last 6 months is xxx
For detailed information on each of these accounts, please refer to the Monthly Statements and Deposit statement/FD Receipts.


Sincerely,


<Signature of the Branch Manager <Bank Seal/ Stamp>
<Name of the Branch Manager>
<Designation>
[/quote]

 

[dr feras]

What if for example I put 20k in the account 1 month before printing the statement and the average before that is low. And the 20k is a gift from family towards canada settlement and you provide a gift deed, would that be ok?

 

[Maverick28]

What if for example I put 20k in the account 1 month before printing the statement and the average before that is low. And the 20k is a gift from family towards canada settlement and you provide a gift deed, would that be ok?

Yes as long as it is accompanied by a gift deed, it will be fine.

 

[dr feras]

Great thanks Maverick

 

[nunhaya]

Yes as long as it is accompanied by a gift deed, it will be fine.

How is a gift deed mentioned.....also , I dont have a Fixed Deposit

 

[Maverick28]

How is a gift deed mentioned.....also , I dont have a Fixed Deposit

That answer was for someone else. Your question has been answered above.

 

[nunhaya]

The letter should mention your name, account number, account type, date the account was open, current balance and average balance for last 6 months. It should be on the bank letterhead.

So my minimum balance is not required....also how do you calculate the average ?

 

[Maverick28]

So my minimum balance is not required....also how do you calculate the average ?

The bank will do that for you.

 

[nunhaya]

Mine is the same case......I recently got $10k transferred to my account...

 

[Maverick28]

Mine is the same case......I recently got $10k transferred to my account...

Then show the proof for the source of these $10k. If you sold something, show the sale deed and mention it in LOE. If someone gave you the money, get a gift deed. If transferred from another account, show that account's statement.

 

[nunhaya]

Then show the proof for the source of these $10k. If you sold something, show the sale deed and mention it in LOE. If someone gave you the money, get a gift deed. If transferred from another account, show that account's statement.

Thankyou so much.
one last question.....I dont have to mention the minimum balance in the letter right ?

 

[Maverick28]

Thankyou so much.
one last question.....I dont have to mention the minimum balance in the letter right ?

Minimum balance is not required.

 

[BillHyatt]

I am facing a difficult scenario in regards to my Proof of funds. At the time of Application my statement will only show sufficient funds in the last 3 months, and not the 6 months. Although my funds will be sufficiently higher than the required funds, it will still been only 3 months old.

The money I have transferred is from joint account (with my brother), and other from my father. To proof funds I can attach the statements from my joint account but In my Joint Account statement will show large amount being taken out for purchase of property which I am willing to show as seperate fund, but statement also show large amounts flowing in from Sale Proceeds. Due to many large figures flowing in and out the statements seems to be quiet confusing. Please advice me how to tackle this situation. Do I have to attach documents for each single large transaction or what?

Also one final thing balance in my statement is different from CAD. Can we calculate it on our own or it is must to be written on Banks Offical Letter.