Proof of funds - confusion - credit card

[rishirajsing]

Hello,

I am providing my bank letter head for proof of funds.
Now I have searched forum and didn't find concrete answer for the below mentioned questions.

Q - do I need to show bank statements ? If yes then :

1. It has some transactions to those accounts which I am not planning to show ? So can this leads to further verification / queries to show those accounts
2. Some of the transctions have been specifically mentioned for Credit Cards bill payment ? Does it mean I have to show Credit Card details also ?

3. If I have to show Credit Cards , then will the pdf Credit Card Bill Statements will do ? My bank will not stamp it for sure ? Will that be fine ?

Please guide

 

[navinball]

None of this matters if your first and last statement shows a balance more than the required amount. You don't have to show credit card statements

 

[cansha]

Hello,

I am providing my bank letter head for proof of funds.
Now I have searched forum and didn't find concrete answer for the below mentioned questions.

Q - do I need to show bank statements ? If yes then :

No need to show bank statements if you can get letter from bank with the details specified on IRCC website.

1. It has some transactions to those accounts which I am not planning to show ? So can this leads to further verification / queries to show those accounts

Haven't seen a case like this on forums here

2. Some of the transctions have been specifically mentioned for Credit Cards bill payment ? Does it mean I have to show Credit Card details also ?

No

3. If I have to show Credit Cards , then will the pdf Credit Card Bill Statements will do ? My bank will not stamp it for sure ? Will that be fine ?

if you want to show credit cards simple pdf statements should be enough.

Please guide

 

[rishirajsing]

None of this matters if your first and last statement shows a balance more than the required amount. You don't have to show credit card statements

Thanks for quick response.
But the first 4 months (out of 6) have less than the required amount. But last 2 months my amount was above the required amount. Will that be an issue ?

The major source was my salary
Other small source was : my previous fixed deposit was ended 4 months back and money got transferred to saving account.
Do I need to explain that in LOE

 

[rishirajsing]

Got it, thanks a lot for the quick response.

 

[navinball]

Thanks for quick response.
But the first 4 months (out of 6) have less than the required amount. But last 2 months my amount was above the required amount. Will that be an issue ?

The major source was my salary
Other small source was : my previous fixed deposit was ended 4 months back and money got transferred to saving account.
Do I need to explain that in LOE

Yes you need to show the fixed deposit closure transaction

 

[rishirajsing]

Yes you need to show the fixed deposit closure transaction

Got it,
and regarding the low balance in first 3-4 months (out of 6) ? any issue with that, or is that acceptable ?

 

[navinball]

Got it,
and regarding the low balance in first 3-4 months (out of 6) ? any issue with that, or is that acceptable ?

Well it's recommend that the average balance for 6 months be greater or equal to funds required. If that's the case you should be good.

 

[rishirajsing]

Actually, 6 months average is less than the required amount. But current balance is quite above the required amount.

Will that be a problem ?

 

[navinball]

Actually, 6 months average is less than the required amount. But current balance is quite above the required amount.

Will that be a problem ?

for me they calculated the funds based on the last statement.

 

[rishirajsing]

They means ? Bank or the IRCC ?

 

[navinball]

They means ? Bank or the IRCC ?

IRCC case processing agent will convert to CAD based on the existing conversion rate.

 

[rishirajsing]

That's fine, but did they consider 6 months avg for conversion or current value in the account ?