Proof of Funds Question - Asivad, please help

[dupsy21]

After much persuasion, I was able to obtain proof of funds from my bank yesterday. Instead of showing a single figure as the average balance of my 3 accounts, I was given average balances for each month. The average balances and current Balances are as follows:

Account 1 Account 2 Account 3
April 3436 893 60
May 1702 1277 4433
June 244 1693 5733
July 352 2103 6681
August 213 2503 9233
September 1070 2871 7968
Current Bal 600 3200 7000


Do I need to write a letter of explanation?

 

[Asivad Anac]

Yes. Too many large jumps which would need to be explained to CIC.

 

[dupsy21]

Thank you.

A brief background of my account is as follows:
Account 2 is my Monthly Saver account which I opened in February. I can only deposit maximum of £400 per month in the account, hence the gradual increase over the months.
Account 1 is my Salary Account and I use the account to make day to day transactions. I normally leave huge and varying amount in the account until mid of May when I made the decision to apply to write IELTS and enter the pool. I moved all the money in the account to Account 3 from Mid May. Hence the reason behind the low average balance from June till now.
Account 3 is another savings account. I barely used to have money there until Mid May when I moved money from Account 1 to Account 3. Since I made the decision to apply for PR, I hardly spend my salary as hubby takes care of the bill while most of my salary goes into this account. The huge rise in the month of August is hubby's money that he kept in my account in the beginning of August and I gave it back to him first week of September.

What do you think about this? It is a bit difficult for me as I can't use the gift route as all the money in the account is mine.

Kindly advise the way forward.

 

[Asivad Anac]

You will just have to tell CIC all that you said here (along with evidence backing you up where needed) to claim the accumulated amount across these 3 accounts as your POF. And provide 6 months bank statements for each of these accounts. And then be prepared for them to come back and question you further, if needed.

 

[dupsy21]

Thank you Asivad.

I will provide all the necessary proofs.

Does the fact that I have had more than the required amount for 3 people (£9000) in my account since end of June makes it any better?

 

[Asivad Anac]

Thank you Asivad.

I will provide all the necessary proofs.

Does the fact that I have had more than the required amount for 3 people (£9000) in my account since end of June makes it any better?

Sadly, the amount in itself doesn't get you brownie points. You just have to conclusively prove that the money isn't borrowed and, for Account 3, that becomes essential because of that humongous jump in May.

 

[dupsy21]

Thank you so much for your time.