Lower funds due to currency fluctuation

[savio1]

Hi guys,

I have got my ITA and now I need to show the proof of funds from the bank. Now I had mentioned that I would bring $13600 to canada as funds, but now due to the INR currency increase, when I convert my balance from INR to CAD it comes upto 13400 or so.

Is this ok submit? showing little lesser than I stated?. My salary will come at the end of the month so the balance will go higher. But I have to submit my ITA before that as per the deadline

Please advice

 

[coolrames]

Hi guys,

I have got my ITA and now I need to show the proof of funds from the bank. Now I had mentioned that I would bring $13600 to canada as funds, but now due to the INR currency increase, when I convert my balance from INR to CAD it comes upto 13400 or so.

Is this ok submit? showing little lesser than I stated?. My salary will come at the end of the month so the balance will go higher. But I have to submit my ITA before that as per the deadline

Please advice

Hi
it should be okay, but make sure it meets the fund limit based on your family size.

 

[mr.preetsingh]

Hi guys,

I have got my ITA and now I need to show the proof of funds from the bank. Now I had mentioned that I would bring $13600 to canada as funds, but now due to the INR currency increase, when I convert my balance from INR to CAD it comes upto 13400 or so.

Is this ok submit? showing little lesser than I stated?. My salary will come at the end of the month so the balance will go higher. But I have to submit my ITA before that as per the deadline

Please advice

Do not do that.
If you have an ITA, then better wait for your salary and then get a Bank Certificate and then file your PR.

else, get money from someone and apply now.

 

[mgnlky]

Do not do that.
If you have an ITA, then better wait for your salary and then get a Bank Certificate and then file your PR.

else, get money from someone and apply now.

Actually, as long as you meet the required minimum funds, you are fine to go ahead and submit your application. All CIC cares about is that you meet the minimum required amount in valid methods.

Getting money from someone else without a gift dead would be considered a loan and can cause problems from you if CIC suspects the funds you claimed are not your own.

 

[Maverick28]

Hi guys,

I have got my ITA and now I need to show the proof of funds from the bank. Now I had mentioned that I would bring $13600 to canada as funds, but now due to the INR currency increase, when I convert my balance from INR to CAD it comes upto 13400 or so.

Is this ok submit? showing little lesser than I stated?. My salary will come at the end of the month so the balance will go higher. But I have to submit my ITA before that as per the deadline

Please advice

If you are a single applicant, go ahead with this. As long as your have the minimum required funds in your bank account, it does not matter how much money you said you will bring and how much you show. Just satisfy the minimum amount required criteria.

 

[Maverick28]

Do not do that.
If you have an ITA, then better wait for your salary and then get a Bank Certificate and then file your PR.

else, get money from someone and apply now.

You can’t borrow this money from another person.

https://www.canada.ca/en/immigration-refugees-citizenship/services/immigrate-canada/express-entry/documents/proof-funds.html

What you suggested above sounded like you are suggesting to borrow money, which is not allowed.

 

[mr.preetsingh]

You can’t borrow this money from another person.

https://www.canada.ca/en/immigration-refugees-citizenship/services/immigrate-canada/express-entry/documents/proof-funds.html

What you suggested above sounded like you are suggesting to borrow money, which is not allowed.

For Gods sake guys, its only a difference of 200 CAD. He already has enough money and lagging behind on 200 CAD. Please read the poster comment before jumping in.

 

[Maverick28]

For Gods sake guys, its only a difference of 200 CAD. He already has enough money and lagging behind on 200 CAD. Please read the poster comment before jumping in.

So why ask them to borrow the money if they already have more than enough funds?

 

[mr.preetsingh]

So why ask them to borrow the money if they already have more than enough funds?

He has enough, but he had a doubt on having money lesser than he had mentioned in EE.

Tell me one thing, What's wrong in borrowing 200 CAD?

 

[savio1]

If you are a single applicant, go ahead with this. As long as your have the minimum required funds in your bank account, it does not matter how much money you said you will bring and how much you show. Just satisfy the minimum amount required criteria.

ok, do you know anyone who has faced a similar situation? because the difference keeps fluctuating between 200-250CAD due to currency rates. I don't want to jeopardize my application because of a small amount.

 

[Maverick28]

ok, do you know anyone who has faced a similar situation? because the difference keeps fluctuating between 200-250CAD due to currency rates. I don't want to jeopardize my application because of a small amount.

I repeat, as long as your funds are more than the required funds as per the family size, it does not matter.

 

[mejaz]

ok, do you know anyone who has faced a similar situation? because the difference keeps fluctuating between 200-250CAD due to currency rates. I don't want to jeopardize my application because of a small amount.

Please add more funds. I know someone who got rejected after his POF was slightly lesser due to currency value fluctuation.

 

[savio1]

Please add more funds. I know someone who got rejected after his POF was slightly lesser due to currency value fluctuation.

Ok - here in my case the POF is above the Min required for 1 person, but LOWER that what I had mentioned I would bring (13500). Is it still advisable to wait?

 

[vaishnavi]

Ok - here in my case the POF is above the Min required for 1 person, but LOWER that what I had mentioned I would bring (13500). Is it still advisable to wait?

It does not matter what you mentioned in your application. All you need is 12,475 CAD. Exchange rate will keep fluctuating.( You just can't keep on adding funds).

 

[mejaz]

It does not matter what you mentioned in your application. All you need is 12,475 CAD. Exchange rate will keep fluctuating.( You just can't keep on adding funds).

Thats a pretty stupid thing to say. Wouldn't you rather add money and be on the safe side? Plus they are not gonna let you in if you don't have the minimum fund required in CAD.