Proof of funds FSW 2014

[bensonams]

Hey guys, NIKONIKO has said it all, because this is what the Document checklist says;
Provide proof of unencumbered and readily transferable funds in a convertible currency available for settlement in Canada:
• current bank certification letter; or
• evidence of savings balance; or
• fixed or time deposit statements.

So value of houses, jewelry and such assets will not count no matter how many valuation documents you submit for them. They will only get your application returned to you. Please convert some of your assets into cash and place in a bank account or deposit.

For those who have raw cash, I suggest you cross the border to a stable neighboring country and open and account there. I wish you all the best

Nice one!

 

[canadamyplace]

Please check the pdf file that has the recent document checklists. It mentioned what they will accept as proof of funds. Namaste is very correct.

 

[illi10]

Dear Kind Friends,

Need some advice from all you people generous enough to give some free advice. . My brother who is a british citizen has more than enough funds for the settlement funds requirement for my FSW application. How can I use this?

1. Should I submit his bank statements alongwith a personal guarantee letter from him?
2. should the guarantee letter be in a standard bank guarantee letter format?
3. What about liens/encumberances on his bank account? He has none. But does he need to get a separate statement/certificate from the bank stating that his bank account is unencumbered?
4. Finally, if he has to transfer funds to my bank account then what would I need eg gift deed etc.

I am really hoping that options 1 and 2 can be used instead of 4 since moving around funds is a big hassle.

Regards

 

[saudkhan418]

Dear Kind Friends,

Need some advice from all you people generous enough to give some free advice. . My brother who is a british citizen has more than enough funds for the settlement funds requirement for my FSW application. How can I use this?

1. Should I submit his bank statements alongwith a personal guarantee letter from him?
2. should the guarantee letter be in a standard bank guarantee letter format?
3. What about liens/encumberances on his bank account? He has none. But does he need to get a separate statement/certificate from the bank stating that his bank account is unencumbered?
4. Finally, if he has to transfer funds to my bank account then what would I need eg gift deed etc.

I am really hoping that options 1 and 2 can be used instead of 4 since moving around funds is a big hassle.

Regards

None of the option u hv..u cant use anyothers fund except ur spouse..

 

[msamy001]

Dears,

Please advise if it is Okay to issue the proof of fund in my local currency which can be transferred to CAD, or the PoF should be issued in CAD.
Thanks

 

[kimchilover]

local currency is fine but CAD is better

 

[kitchie]

Dears,

Please advise if it is Okay to issue the proof of fund in my local currency which can be transferred to CAD, or the PoF should be issued in CAD.
Thanks

I also sent a POF reflecting local currency as my bank doesn't issue certificate of the deposited amount in canadian dollars.

 

[msamy001]

I also sent a POF reflecting local currency as my bank doesn't issue certificate of the deposited amount in canadian dollars.

I can see sir that you have been charged. So, there is no problem in sending the PoF in local currency .. right

 

[fahad007]

asslam-o-alaikam seniors...

I HAVE ALREADY SUBMITTED MY POF AS BANK CERTIFICATION LETTER WITH MY APPLICATION. NOW I GOT PER EMAIL AS WELL.

I WANT TO KNOW WHAT DOES CIC USUALLY REQUIRES AS POF WHILE DOING VERIFICATION OR AT LATER STAGES OF APPLICATION?

IS ORIGINAL BANK LETTER SUBMITTED AT TIME OF APPLICATION WOULD BE ENOUGH OR NOT?

PLEASE ADVISE.

 

[sp3725]

I bring for settlement fund single person $1000 as cash and remaining $10500 as traveller cheque but delcare to CBSA officer custom department only the $1000 cash not the other money in form of traveller cheque so does it affect to settlement fund or should I have to inform and how?

 

[sp3725]

I bring settlement fund for one person $1000 as cash and $11000 as traveller cheque but declare to CBSA custom officer only cash not as traveller cheque so does it affect to my settlement fund as PR or should I have to inform and how?