Proof of funds -- when do i need to show?

[mnsmov]

Hi,

At what point do i need to show the funds in my account? And for how long do I need to retain it in my account?

 

[scylla]

You need to show proof of funds at the start of the process (when you submit the application).

 

[mnsmov]

And do I need to maintain the funds in my account for certain period after submission of the application?

 

[explorer101]

And do I need to maintain the funds in my account for certain period after submission of the application?

Need to maintain till the decision on the application.

 

[sheikh958]

Need to maintain till the decision on the application.

Is it written some to maintain the amount till the decision?

 

[scylla]

Is it written some to maintain the amount till the decision?

CIC can ask for further proof at any time during the application process that you still have the funds. If you no longer have the funds - then your application will be refused. This is why it's important to have the funds from the start of the process to the very end.

 

[sheikh958]

CIC can ask for further proof at any time during the application process that you still have the funds. If you no longer have the funds - then your application will be refused. This is why it's important to have the funds from the start of the process to the very end.

Thanks Scylla. You are right. But I think people can take the money away and put it back in the account whenever asked to reproduce the bank statement by CIC.

 

[scylla]

Thanks Scylla. You are right. But I think people can take the money away and put it back in the account whenever asked to reproduce the bank statement by CIC.

Except that CIC will sometimes ask for several months of bank statements in a row. Then what you're suggesting becomes a problem.

 

[sheikh958]

Except that CIC will sometimes ask for several months of bank statements in a row. Then what you're suggesting becomes a problem.

yes, you are right. It is better to keep the money in account.

 

[luqi]

people usually withdraw money from their account as it's a lengthy process and i myself have invested my money into a business however, i can withdraw it any time if CIC asks. and on landing i can show them physically in the form of DD or Credit card. what about this? is it a fair approach?