Proof of funds with an investment in cooperative bank

[Eiyax]

Hello there.

Since my wife is going to apply for a study permit, we are saving up all our money in her investment account of a cooperative bank (so we can earn the interests) and when the investment contract finishes (February 2021) the money will automatically be transferred to her checking account in the cooperative bank.
After that, the plan is to transfer all this money to her normal bank account (in one of the biggest banks of Ecuador). The problem is that she will probably apply in May 2021, so the money will be in the bank account for less than 3 months.

1. Is there a risk to be refused if she does this transaction, despite explaining it all in the letter of explanation?
2. Is it better to keep the money in the cooperative bank and request a proof of funds from there, considering the investment was there and probably would be easier to make the 4 months proof of funds?

I will appreciate all your answers and ideas.

 

[Eiyax]

Any ideas?

 

[Sirwise]

@Eiyax ,

In response to your questions, it will be prudent to transfer the money into her personal account to proof that she has full control or access to the funds without any conditions.
In this case, you have to provide evidence of the transfer made from the investment account. ( Show receipts/ A confirmation letter of the investment).

The second scenario is also accepted but not highly recommended. Since it may have some conditions which will not be considered by the VO. But if it easy to cash it without any conditions, l think you can use it. However, l will highly recommend the first option.

All the best

 

[Eiyax]

@Eiyax ,

In response to your questions, it will be prudent to transfer the money into her personal account to proof that she has full control or access to the funds without any conditions.
In this case, you have to provide evidence of the transfer made from the investment account. ( Show receipts/ A confirmation letter of the investment).

The second scenario is also accepted but not highly recommended. Since it may have some conditions which will not be considered by the VO. But if it easy to cash it without any conditions, l think you can use it. However, l will highly recommend the first option.

All the best

Appreciate your answer Sirwise. Best regards.