Proof of Funds (Express Entry)
- Thread starter ThisIsHoof
- Start date
six months statement for credit card is not required. only the as of Liability is required. I submitted only a one page liability letter for my credit cards.
As for your case, its good that they accepted. But I think one should not take a risk.
Just my thoughts.
I think the requirements are pretty clear. Sudden transfer of money is definitely questionable same like when proving POF for any other immigration or Visa purposes.
The ways to prove the ownership is obviously a gray area and depends on how the visa officer treats it.
But I agree with you if every thing is well explained with supports. chances of rejection are very low.
By details you mean available fund, right? Any other specific details? Actually, my company doesn't have a portal, In fact, they've asked me to give a format which is why I'm looking for the specific details. I hope i don't have to add company's bank account information in that letter because they outright refused to mention that.
Thats very strange. If that's the case then one can easily take a loan from one bank account and keep it in another and does not disclose the loan at all.
Have a gift deed and that bypasses the 6 months requirement. They're not steadfast on this.
Sorry I may have missed your query- can I request you to please state it here again, if possible?
Reposting:
Hi All,
I recently got my ITA and have arranged the required fund by receiving a cheque (40% of the required fund) from my father.
The problem is that the cheque didn't come directly from his account but came from a third party, to whom my father recently sold his shop. Now i have submitted the cheque in my account but not sure how to proof that this money actually belonged to my father. I can make the gift deed but it won't have my fathers account detail etc.
Can anybody please help here? Should i just withdraw and apply a few months later with the fund already in my account?
Thanks
Faizan.
I think it can be a one liner in the experience letter confirming your PF balance at a particular date.
Hi, I have working experience of 3 years as a Financial Accountant in a firm in Lahore, Pakistan. My salary is not taxable. I get salary in cash. It is not transferred to my Bank Account. I can provide salary slips and experience letter of my firm. Is that sufficient to satisfy the Embassy regarding work experience?
Yes, but you should provide the experience letter with the prescribed details like date of joining, number of hours per week, roles and responsibilities etc.
Make sure that the roles and responsibilities match to your NOC requirements.
Interesting query and I had the same one- prepare a gift deed indicating this 40% of funds you’re alluding to, with signatures from your father and yourself and also get it notarised. Have a line in the gift deed that states your father transferred the money to you via cheque transfer(don’t bother mentioning specifics). This should be just fine.Reposting:
Hi All,
I recently got my ITA and have arranged the required fund by receiving a cheque (40% of the required fund) from my father.
The problem is that the cheque didn't come directly from his account but came from a third party, to whom my father recently sold his shop. Now i have submitted the cheque in my account but not sure how to proof that this money actually belonged to my father. I can make the gift deed but it won't have my fathers account detail etc.
Can anybody please help here? Should i just withdraw and apply a few months later with the fund already in my account?
Thanks
Faizan.
More than sufficient. Pay stubs are not a mandatory requirement. However, please brace yourself to furnish other pieces of evidence like Income Tax Filing returns/copy of your ID card/awards or recognitions etc. Let them come back and ask you for this.
A PR Visa means the applicant has recourse to public funds, and can claim social benefits. It’s not like other visas where they really scrutinise your application to ensure you satisfy the conditions of the visa- like studies/tourism etc.
Guys, I need a suggestion:
I have two options to prove funds.
I have two options to prove funds.
- Provident Funds: My wife and I have enough amount as provident fund saved with our respective companies. Those certificates will be enough if CIC accepts.
- Bank Statements: We also have enough funds available in our bank accounts, when combined. The only catch is that my brother transferred a big chunk into my account three months ago, which can raise a red flag. Although that amount is part of my inheritance, however, it'll be complicated to prove that to the CIC. That's why I'm more inclined towards the first option.