POF : 6 month Bank Statement | Is it Mandatory??

[andycan]

Dear Members,

Just ignore my ignorance.

Can you Please Confirm me is it Mandatory that i have show the POF for last 6months.

For Example in my Bank Account i have only CAD 500 (Five Hundred CAD)

if i get ITA... if... then i can manage fund and put it to my account.

So in that case will my ITA cancelled?? ( Bcoz After ITA i deposited Fund in my Bank Account... and that is not 6months OLD)

Can you Please Confirm me??

I dont have money right now... But if i get an ITA then i can manage fund from Parents.

Now i dont have money..

What should i do now... Please Advice me...

 

[sharma1990]

Dear Members,

Just ignore my ignorance.

Can you Please Confirm me is it Mandatory that i have show the POF for last 6months.

For Example in my Bank Account i have only CAD 500 (Five Hundred CAD)

if i get ITA... if... then i can manage fund and put it to my account.

So in that case will my ITA cancelled?? ( Bcoz After ITA i deposited Fund in my Bank Account... and that is not 6months OLD)





Can you Please Confirm me??

I dont have money right now... But if i get an ITA then i can manage fund from Parents.

Now i dont have money..

What should i do now... Please Advice me...

ok so the thing is yes you have to show the money unless


you have a valid offer of arranged employment in Canada AND
you are currently working or authorized to work in Canada.

if not it should be 6 months old otherwise cic officer may reject you profile as i saw some cases rejected due to POF thing....

 

[andycan]

rejection ?? i didn't get you

can you explain please??

Who received ITA but due POF i mean for POF reason (POF is not then 6months old) ITA Cancelled or rejected??

is it true??

Please Forum Members can any one confirm??

 

[YamPower]

Doing it the way you intend makes it seem like you borrowed the money. Borrowed funds are not allowed. What CIC wants to see if that the funds have been in your account for some time. A large lump sum will cause them to ask you to provide the source.

And yes, there are forum members who received a rejection for not providing bank statements.

 

[andycan]

Doing it the way you intend makes it seem like you borrowed the money. Borrowed funds are not allowed. What CIC wants to see if that the funds have been in your account for some time. A large lump sum will cause them to ask you to provide the source.

And yes, there are forum members who received a rejection for not providing bank statements.

Sir....

yes i will borrow the money from my father.. but now he will not give me the money.... but.. after ITA my parents will give me the money..

in that case... will it applicable??

 

[HAILMANU]

Dear Members,

Just ignore my ignorance.

Can you Please Confirm me is it Mandatory that i have show the POF for last 6months.

For Example in my Bank Account i have only CAD 500 (Five Hundred CAD)

if i get ITA... if... then i can manage fund and put it to my account.

So in that case will my ITA cancelled?? ( Bcoz After ITA i deposited Fund in my Bank Account... and that is not 6months OLD)

Can you Please Confirm me??

I dont have money right now... But if i get an ITA then i can manage fund from Parents.

Now i dont have money..

What should i do now... Please Advice me...

You have to get letter from the bank stating you have funds exceeding the required amount - you also need the show your 6 month average or a bank statement showing account details for at least 6 months. The 6 month average does not need to be at the minimum amount required although apparently (i didnt do this) if there are any large recent deposits into account then you'll need to provide explain to show where it came from because from CIC's perspective it may be a loan

 

[sujeetraja]

Now I have a question....

My wife is the primary applicant. Unfortunately when we applied for FSW last year in October 2014, the money was deposited in my name as a fixed deposit, to show as POF. The consultant with whom I applied said there would not be any issue.

But now that I have also applied for express entry this year, the POF still would be in my name. Though I am yet to get an ITA, should i transfer the money/open a fixed deposit in the name of my wife. If so, how do i show 6 months statement, and since this money was in my name for the last 1 year, would it be fine if i attach my fixed deposit statements along with hers. Iam intending to transfer the entire money to her once we get an invitation....

 

[Asivad Anac]

Now I have a question....

My wife is the primary applicant. Unfortunately when we applied for FSW last year in October 2014, the money was deposited in my name as a fixed deposit, to show as POF. The consultant with whom I applied said there would not be any issue.

But now that I have also applied for express entry this year, the POF still would be in my name. Though I am yet to get an ITA, should i transfer the money/open a fixed deposit in the name of my wife. If so, how do i show 6 months statement, and since this money was in my name for the last 1 year, would it be fine if i attach my fixed deposit statements along with hers. Iam intending to transfer the entire money to her once we get an invitation....

This will not be a problem.

At the most, what might be needed is a signed self-declaration from you that you are transferring the monies to your spouse so that they can utilize it towards POF purposes. That should suffice for all practical purposes. If needed, showcase evidence of actual bank transfer as well.