Proof of Funds (Express Entry)
- Thread starter ThisIsHoof
- Start date
you dont need to show accounts in other banks which are either dormant or does not have significant activity
The Bank will most likely give you balance only on the date of the letter. for past six months, you have to submit bank statement duly stamped by the bank.
If you dont have any loan/debt with the bank than the Bank should give you a 'No Liability letter'. But you need to submit liability letter for your credit cards.
Hello guys. I need an expert view on my situation. I have a fixed deposit of 10 000 USD (will be able to provide last 6 months history/average) which is not enough for two applicants. Thus i am planning to open a new account in which i will have apprx. 4 000 USD (since it is new will not be able to show 6 month average). In the end, together it is more than enough for 2 persons.
1. However can it be a problem to not be able to provide 6 months average for second bank account?
2. If yes, what do you recommend? should i document it as a gift from parents? Do they ask for 6 month average in this case also?
1. However can it be a problem to not be able to provide 6 months average for second bank account?
2. If yes, what do you recommend? should i document it as a gift from parents? Do they ask for 6 month average in this case also?
Can you enhance your deposit or not? If yes than deposit remaining amount the account.
Hi - i am providing proofs for two banks, but both have their set of issues
bank A - I have a bank letter which is almost two months old i.e. Issued in September? I can add bank statements for the past six months but they would have been online downloads, would not have any sign or anything. Also these are savings/fixed accounts so there is not a lot of movement in these accounts
Would these cause any issues?
Bank B - they have agreed to give me a standing letter with my current balance on my savings account. but they are refusing to furnish any details of my outstanding personal loan (expiring 2019). is this a mandatory detail? what else can i give as proof for loan?
also neither of my two bank letters are mentioning average balance
bank A - I have a bank letter which is almost two months old i.e. Issued in September? I can add bank statements for the past six months but they would have been online downloads, would not have any sign or anything. Also these are savings/fixed accounts so there is not a lot of movement in these accounts
Would these cause any issues?
Bank B - they have agreed to give me a standing letter with my current balance on my savings account. but they are refusing to furnish any details of my outstanding personal loan (expiring 2019). is this a mandatory detail? what else can i give as proof for loan?
also neither of my two bank letters are mentioning average balance
Thanks buddy for your reply, Unfortunately since it is Fixed Deposit account inputting additional money onto it is not an option.
Bank A: Ask your bank to provide your new letter. If you have actual amount than online downloaded statemnt doesn't matter (In my opinion) beacuse they are taken from your online bank account system. And i think at the end of every page of statement it written" it is computer generated which does not require any signatures". If it is like that than go ahead.
Bank B: Loan detail is mandatory if you have any loan. Every bank issue a letter to its customer which is called Loan Certificate/Loan Clearance Certificate etc.
yes you can. Here's the official statement:
"If your spouse is coming with you, you can count money you have together in a joint account. You may be able to count money in an account under their name only, but you must prove you have access to the money."
http://www.cic.gc.ca/english/immigrate/skilled/funds.asp
Yes i can (in FD with some penalties account holder can draw his money anytime)
If penalty is minor amount than Okay. Now only one option is left that you open a new account deposit your money which you want to borrow from your father in that account. Obtain a gift deed and explain everything in LOE.. There is no option left.
Seniors may endorse me or deny me if have any other option.
And for the purpose you get an NOC signed by your spouse for the usage of funds.