Hello Everyone
@caipsnotes @legalfalcon
I have a question,My AOR is April 2020 and I have been maintaining funds in my Checking account from 6 months before AOR to Current date.However my funds went below the required amount for the month of August 2020 and September 2020
For the month of August and September I had funds equal to 14500 CAD which is below the required minimum 16,135
However Starting October 2020 I had more than the minimum funds
Note: My Overall last 6 months Average balance (Sum of Closing balance at the end of each day / 180) is 17000 CAD
and my overall last 12 months average balance (Sum of Closing balance at the end of each day / 365) is 18000 CAD which are above the required minimum POF
- Current Balance: 20000 CAD
- 6-Month Average Balance:17000 CAD
- 12-Month Average Balance:18000 CAD
Note: During August 2020 and September 2020 I had Stocks worth 2000 CAD which i Cashed out and moved to my bank account in October
Could the decline in funds for 2 months be an issue if IRCC asks me Updated Bank statements in the future?
I maintained the minimum funds for every month except August and September 2020
Appreciate your help Thanks