Proof of Funds (Express Entry)
- Thread starter ThisIsHoof
- Start date
Anyone from Dubai?
Trying to obtain proper documentation from Emirates NBD.
The issue with me is that my funds are all in 'shake and save' account and the bank doesn't provide authenticated statement for the same. They only provide funds for the Current account from which the transfers were made to the 'shake and save account'.
Trying to obtain proper documentation from Emirates NBD.
The issue with me is that my funds are all in 'shake and save' account and the bank doesn't provide authenticated statement for the same. They only provide funds for the Current account from which the transfers were made to the 'shake and save account'.
Hi,
Emirates NBD do provide bank statement for the savings account not sure about the "Shake and Save account".
If still your are unable to get, just transfer the amount to current account as both Current and Savings are under your name.
Further you can explain this in LOE. Shouldn't be a problem
That’s the only possible option left. I’ll have to resort to the same.
In case you’re from Dubai, can you please suggest a good photo studio where I can get the digital photo from?
I have following queries on proof of funds:
a) If I am selling some Stocks to get money in my account, then do i need to worry about having ~16000 CAD in my account for last 6 months? My last 6 months average balance would be almost negligible.
b) I am selling stocks of my employer (RSU) traded in USA. I have got a document stating USD proceeds to my bank account and my bank account has a transaction of equivalent INR amount. Will this release document work to justify the sudden inflow of funds (just that the document states amounts in Dollars).
c) Can mutual funds be used as Proof of funds as i do not intend to liquidate them?
d) Can FDs irrespective of maturity be used as proof of funds?
e) I have a separate loan with a different bank. Do i need to close it before applying? If i dont mention it how are they going to know about it?
f) I can show both my and my spouse's bank accounts for funds right? Will it require any further certificate as well?
g) Is it necessary to give details of all the bank accounts that I have with different banks? As I might have loans in few bank accounts and surplus cash in others?
a) If I am selling some Stocks to get money in my account, then do i need to worry about having ~16000 CAD in my account for last 6 months? My last 6 months average balance would be almost negligible.
b) I am selling stocks of my employer (RSU) traded in USA. I have got a document stating USD proceeds to my bank account and my bank account has a transaction of equivalent INR amount. Will this release document work to justify the sudden inflow of funds (just that the document states amounts in Dollars).
c) Can mutual funds be used as Proof of funds as i do not intend to liquidate them?
d) Can FDs irrespective of maturity be used as proof of funds?
e) I have a separate loan with a different bank. Do i need to close it before applying? If i dont mention it how are they going to know about it?
f) I can show both my and my spouse's bank accounts for funds right? Will it require any further certificate as well?
g) Is it necessary to give details of all the bank accounts that I have with different banks? As I might have loans in few bank accounts and surplus cash in others?
Last edited:
Hello,
I have my Money needed for POF in checkings account instead of savings,does it matter? I don’t have saving account.
I am in doubt after reading 1 post that POF needs to be in savings account.
Thank u in advance
Ircc is not reviewing your banking choices. They just want to know whether you have money or not. Checking account is fine.
Hello.
I will like to know if it's safe to transfer my pof into my cooperate account before PPR. I intend using it for my business and return it in case updated pof is required. I run a private business which requires a lot of capital. At the same it has a high turnover which will make it possible for me to return it and print a new statement of account.
I will like to know if it's safe to transfer my pof into my cooperate account before PPR. I intend using it for my business and return it in case updated pof is required. I run a private business which requires a lot of capital. At the same it has a high turnover which will make it possible for me to return it and print a new statement of account.
Hey, did you find the answer to this?Hey, everyone!
I'm new to this forum! I hope you guys don't mind if I ask a question.
So my wife and I received our ITA (I'm the main applicant), but we are a bit confused about the Proof of fund.
I'm a Ph.D. student at the University of Toronto. My current bank balance is a bit over 10K, and I wonder if I can use my University funding as the proof of fund.
I have my admission letter+Scholarship letter+ a letter from the associate dean of the faculty which she wrote a few days ago 1) outlining the funding (Tuition and fees+30K stipend per year), 2) indicating that the funding is guaranteed till September 2020, 3) explaining my current standing in the program, assuring the officer that I'm doing well in my courses and stuff. In addition, since I just finished my first year, I can show bank records of how university have been paying me since last September.
Having said that, do you think I can use my Bank statement of 10K + my scholarship letters + the Associate Dean's letter as the proof of fund? Or I still need to show that 15K bank balance?
I'll be very grateful if you guys help me with this
Thanks in Advance,
Hadi
Posting this here also just in case somebody reads this and not my other thread
Hi All,
I am planning to submit my application soon. I have almost all things ready. My question is regarding POF.
I arrived in Canada 2 months back as a student. I am applying as a FSW and my work experience allowed me to get the ITA. Before this I was working in the USA on H1B.
Now I have enough money in the bank account to support myself and family. In addition to that i also get a scholarship/stipend from the university.
My issue is that I took away most of the money from my US bank account and took it back with me, or transferred it to my sister in the US. I then brought the money back with me to Canada and asked my sister to wire the rest to me. So my account in Canada in canada is just 2 months old. Is that an issue? should i give my US bank statements for last 4 months prior as supplementary evidence?
Also should I show my scholarship letter and stipend (pay slips) as part of proof of funds?
Please advise
Hi All,
I am planning to submit my application soon. I have almost all things ready. My question is regarding POF.
I arrived in Canada 2 months back as a student. I am applying as a FSW and my work experience allowed me to get the ITA. Before this I was working in the USA on H1B.
Now I have enough money in the bank account to support myself and family. In addition to that i also get a scholarship/stipend from the university.
My issue is that I took away most of the money from my US bank account and took it back with me, or transferred it to my sister in the US. I then brought the money back with me to Canada and asked my sister to wire the rest to me. So my account in Canada in canada is just 2 months old. Is that an issue? should i give my US bank statements for last 4 months prior as supplementary evidence?
Also should I show my scholarship letter and stipend (pay slips) as part of proof of funds?
Please advise
Posting this here also just in case somebody reads this and not my other thread
Hi All,
I am planning to submit my application soon. I have almost all things ready. My question is regarding POF.
I arrived in Canada 2 months back as a student. I am applying as a FSW and my work experience allowed me to get the ITA. Before this I was working in the USA on H1B.
Now I have enough money in the bank account to support myself and family. In addition to that i also get a scholarship/stipend from the university.
My issue is that I took away most of the money from my US bank account and took it back with me, or transferred it to my sister in the US. I then brought the money back with me to Canada and asked my sister to wire the rest to me. So my account in Canada in canada is just 2 months old. Is that an issue? should i give my US bank statements for last 4 months prior as supplementary evidence?
Also should I show my scholarship letter and stipend (pay slips) as part of proof of funds?
Please advise
Hi All,
I am planning to submit my application soon. I have almost all things ready. My question is regarding POF.
I arrived in Canada 2 months back as a student. I am applying as a FSW and my work experience allowed me to get the ITA. Before this I was working in the USA on H1B.
Now I have enough money in the bank account to support myself and family. In addition to that i also get a scholarship/stipend from the university.
My issue is that I took away most of the money from my US bank account and took it back with me, or transferred it to my sister in the US. I then brought the money back with me to Canada and asked my sister to wire the rest to me. So my account in Canada in canada is just 2 months old. Is that an issue? should i give my US bank statements for last 4 months prior as supplementary evidence?
Also should I show my scholarship letter and stipend (pay slips) as part of proof of funds?
Please advise