Payoneer as Proof of Funds

[umerkha2007]

Hey there, I have a slightly odd question. Has anyone showed their Payoneer Account as Proof of Funds? Is it accepted as proof of funds?
If you haven't heard of payoneer here are some facts of payoneer:
1. Payoneer opens a bank account on your name in Bank of America (Virtually ofcourse)
2. Payoneer provides a letter of good standing (stating how long the user has kept this account open)
3. Payoneer provides all transaction records (bank statement)
4. Payoneer also provides a debit card (mastercard) from which funds can be withdrawn at anytime (availability of funds requirement)

Considering the facts above, do you think it is worth showing payoneer as proof of funds?

 

[Briann]

From the main menu, go to Activity and choose Reports and Statements. Select report or statement you'd like to generate. Fill in the requested information. Click Download to generate and download the file.
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[thomi]

Hey there, I have a slightly odd question. Has anyone showed their Payoneer Account as Proof of Funds? Is it accepted as proof of funds?
If you haven't heard of payoneer here are some facts of payoneer:
1. Payoneer opens a bank account on your name in Bank of America (Virtually ofcourse)
2. Payoneer provides a letter of good standing (stating how long the user has kept this account open)
3. Payoneer provides all transaction records (bank statement)
4. Payoneer also provides a debit card (mastercard) from which funds can be withdrawn at anytime (availability of funds requirement)

Considering the facts above, do you think it is worth showing payoneer as proof of funds?

Hi @umerkha2007 - have you found an answer to this question?

 

[brunogent]

Hello.
I was selected with an ITA and i have a question for my proof of funds. I lended 15000€ to my sister 18 months ago and she refunded me 2 days ago.
is it ok in the proof of funds if I write a letter to explain this and I adda bank statement when i lended to my sister and another where she refunds me (same bank account and same name). Thanks for your help

 

[AHK840]

Hey there, I have a slightly odd question. Has anyone showed their Payoneer Account as Proof of Funds? Is it accepted as proof of funds?
If you haven't heard of payoneer here are some facts of payoneer:
1. Payoneer opens a bank account on your name in Bank of America (Virtually ofcourse)
2. Payoneer provides a letter of good standing (stating how long the user has kept this account open)
3. Payoneer provides all transaction records (bank statement)
4. Payoneer also provides a debit card (mastercard) from which funds can be withdrawn at anytime (availability of funds requirement)

Considering the facts above, do you think it is worth showing payoneer as proof of funds?

I plan to do that, Did you try it? did it work?

 

[AHK840]

Hi @umerkha2007 - have you found an answer to this question?

Hi, I am planning to do that, Did you recieve any information regarding it? if yes, please share

 

[umerkha2007]

Hi, I am planning to do that, Did you recieve any information regarding it? if yes, please share

Yes, it woked. They accepted the bank statement from Payoneer.

 

[AHK840]

Yes, it woked. They accepted the bank statement from Payoneer.

That is awesome news, Please let me know did you apply for a study permit. If yes, Was it a student-direct stream or a regular stream? how much statement did you submit? According to my information, I need to submit a bank statement equivalent to 1 year's tuition fee and 10k for 1 year's living cost, Is that correct?

 

[umerkha2007]

That is awesome news, Please let me know did you apply for a study permit. If yes, Was it a student-direct stream or a regular stream? how much statement did you submit? According to my information, I need to submit a bank statement equivalent to 1 year's tuition fee and 10k for 1 year's living cost, Is that correct?

I was't on a student stream and I was with family so my scenario is different. You can check how much funds you need on the IRCC official website.

 

[eragon10]

Yes, it woked. They accepted the bank statement from Payoneer.

Please, did you use the normal statement or was it signed and stamped?

 

[joshiezac]

That is awesome news, Please let me know did you apply for a study permit. If yes, Was it a student-direct stream or a regular stream? how much statement did you submit? According to my information, I need to submit a bank statement equivalent to 1 year's tuition fee and 10k for 1 year's living cost, Is that correct?

Did you get through ?

 

[AHK840]

Did you get through ?

No, unfortunately my visa application got rejected twice on the basis of “Not strong enough ties” to my home country.