Proof of Funds Urgent Inquiry

[mdh2]

Hello everyone,
I am about t submit my application for PR and as you know I need to submit proof of funds (POF). I have a POF showing the transactions of my account during last six months. The problem is I have large amounts of incoming and outgoing funds in my transactions (e.g 20,000 USD outgoings and the same amount ingoings) and there are no descriptions in front of any of them. Will the case officer request descriptions for my transactions or just showing i have enough money to support myself will suffice?


Thank you all in advance

 

[sushsmart15]

It would be better to include a Letter of Explanation (LOE) which explains those big number debits and credits so that the VO is assured.
Also, if your available balance is more than the minimum required, then it would be best to mention the "certain" amount that you guarantee to maintain in your bank account (the "certain" amount you mentioned in your EE profile)

 

[mdh2]

It would be better to include a Letter of Explanation (LOE) which explains those big number debits and credits so that the VO is assured.
Also, if your available balance is more than the minimum required, then it would be best to mention the "certain" amount that you guarantee to maintain in your bank account (the "certain" amount you mentioned in your EE profile)

in my EE profile, i mentioned that ill brig 30,000 CAD with me to canada but i have more than that in my account. Im a little confused about this matter. so what exactly do you mean by " certain amount that i guarantee to maintain in the account" ?

Thank you

 

[Aragorn165]

in my EE profile, i mentioned that ill brig 30,000 CAD with me to canada but i have more than that in my account. Im a little confused about this matter. so what exactly do you mean by " certain amount that i guarantee to maintain in the account" ?

Thank you

He means that since there are large debits and credits on your account statement, CIC may misinterpret that as the money not belonging to you (only having been borrowed and moved into your account for the purpose of the immigration process), and they could feasibly reject you and maybe even charge you with misinformation.
Attaching a letter of explanation that explains the credits and debits should preemptively allay any doubts CIC may have.

 

[sushsmart15]

in my EE profile, i mentioned that ill brig 30,000 CAD with me to canada but i have more than that in my account. Im a little confused about this matter. so what exactly do you mean by " certain amount that i guarantee to maintain in the account" ?

Thank you

Aragorn165 has already given you the exact meaning of my wordings.

"Certain" amount means the amount which you have mentioned in your EE profile. Now that you say that it is 30,000 CAD, then in your LOE you need to mention that you will maintain atleast 30,000 CAD in your bank account throughout the immigration process.

You cannot show "X" amount in your EE profile and demonstrate an amount less than "X" through your bank account statements.
You can show more amount than "X", but you need to assure the VO that atleast "X" amount will be maintained.
I hope this clarifies the entire scenario.