Proof of funds for Express Entry

[Eksler]

According to CIC rules every applicant needs to provide 6 months account statement. From what date we should start counting these 6 month: from EE profile submission, ITA or from the date the statement was actually produced?

 

[Asivad Anac]

According to CIC rules every applicant needs to provide 6 months account statement. From what date we should start counting these 6 month: from EE profile submission, ITA or from the date the statement was actually produced?

 

[YOUCAN]

MAY I KNOW THE LINK WHERE THE CIC HAS MENTIONED 6 MONTHS BANK STATEMENT FOR PROOF OF FUNDS.

 

[Asivad Anac]

MAY I KNOW THE LINK WHERE THE CIC HAS MENTIONED 6 MONTHS BANK STATEMENT FOR PROOF OF FUNDS.

Right here, search for proof of funds on this page. http://www.cic.gc.ca/english/resources/tools/perm/express/intake-complete.asp

 

[nmurshed]

Whats meant my average per month ?

or just a statement is enough ?

 

[Asivad Anac]

Whats meant my average per month ?

or just a statement is enough ?

I don't think CIC asks for average per month. They only ask for average balance over last 6 months and current balance in the account(s).

 

[nmurshed]

could u please explain avg balance??

is it showing balance for each past 6 months ?

 

[Asivad Anac]

could u please explain avg balance??

is it showing balance for each past 6 months ?

Average balance over 6 months would be calculated by your bank. Most likely way of doing that would be to take the month-end balances over 6 months, adding them up and dividing by 6.

 

[nmurshed]

That means they require 12K+ balance constant for over 6 months !!!

i was thinking i can save 12K in the next 3 months...and show them statement

 

[Asivad Anac]

That means they require 12K+ balance constant for over 6 months !!!

i was thinking i can save 12K in the next 3 months...and show them statement

No. They don't need that. Why they ask for average balance is to identify if the applicant has taken a loan or borrowed money from someone in the short term just to showcase it as POF. Even if you did not have all the money for 6 months and can convince CIC (if a question is raised) about the source of funds, you're good to go.