Proof of Funds Questions.

[Sharshabel]

Hi,

I have the following questions about the proof of funds:

- Can I issue the proof of funds letter with local currency not CAD? of course the amount will equal or exceed CIC needs after the conversion.

- Most of the local banks issue this proof of fund (account balance) not in English, should I translate it? should I open an account in another international bank that can issuing it in English?

- Can I issue this letter from more than one bank? for example issue an account balance with $10k from bank "X" and another one with the rest of the amount from bank "Y"?

Thanks in advance,

 

[nishesh3003]

Hi,

I have the following questions about the proof of funds:

- Can I issue the proof of funds letter with local currency not CAD? of course the amount will equal or exceed CIC needs after the conversion. YES

- Most of the local banks issue this proof of fund (account balance) not in English, should I translate it? should I open an account in another international bank that can issuing it in English? GET IT TRANSLATED. NO ISSUES.

- Can I issue this letter from more than one bank? for example issue an account balance with $10k from bank "X" and another one with the rest of the amount from bank "Y"? YES ABSOLUTELY

Thanks in advance,

 

[Sharshabel]

Many thanks "nishesh3003"

Regarding the translation in general, what is the specs of it? I mean can I or any friend of mine do the translation?

 

[nishesh3003]

Many thanks "nishesh3003"

Regarding the translation in general, what is the specs of it? I mean can I or any friend of mine do the translation?

As long as it notarized you can do the translation yourself to my understanding.

 

[NewIndia123]

My "Proof of Funds" is in the form of a bank letter stating that so much amount is there in savings deposit in a/c no. as on today"

Is it sufficient? Is this letter supposed to be original or photocopy? At some places, it is written "original", while at others, it is mentioned "photocopy".

As long as it notarized you can do the translation yourself to my understanding.

 

[Sharshabel]

I am not sure what is the definition of "notarized"? is this means a specific governmental entity should notarized the translation and stamp it? I know that probably this will differ from country to another, but any info will help.

Thanks

 

[qtasneem]

Guys does the funds need to be in the account for more than 6 months or you can put the amount in your account straight away.

 

[nishesh3003]

I am not sure what is the definition of "notarized"? is this means a specific governmental entity should notarized the translation and stamp it? I know that probably this will differ from country to another, but any info will help.

Thanks

Search for 'Notary Public' in your city (Google).

 

[nishesh3003]

My "Proof of Funds" is in the form of a bank letter stating that so much amount is there in savings deposit in a/c no. as on today"

Is it sufficient? Is this letter supposed to be original or photocopy? At some places, it is written "original", while at others, it is mentioned "photocopy".

Letter of Statement from the Bank is sufficient.

Please refer the document checklist to verify if its required in original or not. The only thing required in original I believe was ECA + IELTS + PCC but still confirm it.

 

[nishesh3003]

Guys does the funds need to be in the account for more than 6 months or you can put the amount in your account straight away.

The amount should be spread over a period of time (at least 3 months).

If you dump it in your account at one go - your case will only get weaker.