Proof of Fund - Having high amount debit and credit transactions

[REKNA]

Hello everyone,
I have updated my documents and submitted AOR. My query is regarding POF.

POF which I have submitted, my statement has two major transaction ( debit of around $10000 USD & simultaneously credit of $13000 USD within 5 days from same account.) but does not impact the minimum amount requirement.
Is it a concern that CIC can raise to whom funds were sent and why?

Please advice.
Thanks

 

[mr.preetsingh]

Hello everyone,
I have updated my documents and submitted AOR. My query is regarding POF.

POF which I have submitted, my statement has two major transaction ( debit of around $10000 USD & simultaneously credit of $13000 USD within 5 days from same account.) but does not impact the minimum amount requirement.
Is it a concern that CIC can raise to whom funds were sent and why?

Please advice.
Thanks

If you can explain about these transactions, in LOE. Things would be smoother.

 

[cansha]

Hello everyone,
I have updated my documents and submitted AOR. My query is regarding POF.

POF which I have submitted, my statement has two major transaction ( debit of around $10000 USD & simultaneously credit of $13000 USD within 5 days from same account.) but does not impact the minimum amount requirement.
Is it a concern that CIC can raise to whom funds were sent and why?

Please advice.
Thanks

Big transactions sometimes may get flagged as “review required” and it would be much better if you could explain the transactions in letter of explanation. I’m case your average balance is close to the transaction amount the concerned analyst may have concern whether you have taken money from someone to fulfill the proof of fund requirements. So better be prepared to explain large transactions

 

[REKNA]

Big transactions sometimes may get flagged as “review required” and it would be much better if you could explain the transactions in letter of explanation. I’m case your average balance is close to the transaction amount the concerned analyst may have concern whether you have taken money from someone to fulfill the proof of fund requirements. So better be prepared to explain large transactions

These transactions don't impact my LICO (Low Income Cut Off) amount.

 

[Stewie090]

These transactions don't impact my LICO (Low Income Cut Off) amount.

You've submitted statements aswell? I thought we only submit the bank reference letter showing the opening and closing balances for the last 6 months rather than every transaction.