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Proof of Funds

akryptik

Star Member
May 20, 2016
106
0
Hello...

I just got ITA and now preparing for the documents. Since I've been anticipating ITA from quite some time, I was maintaining my account too.

Problem is, if I submit my bank statement of last six month as of today, it'll show around 9000 CAD in it. But, if I wait 15 more days, the statement of past six month will only show me maintaining required amount, with no transaction tool place.

I previously had 3000 CAD and added 9000 more later almost 5 month 15 days ago. What do you people recommend, what should I do?
Should my bank statement as of today would be acceptable or wait to avoid confusion?
 

thestunner316

Champion Member
Feb 6, 2016
2,251
301
Job Offer........
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akryptik said:
Hello...

I just got ITA and now preparing for the documents. Since I've been anticipating ITA from quite some time, I was maintaining my account too.

Problem is, if I submit my bank statement of last six month as of today, it'll show around 9000 CAD in it. But, if I wait 15 more days, the statement of past six month will only show me maintaining required amount, with no transaction tool place.

I previously had 3000 CAD and added 9000 more later almost 5 month 15 days ago. What do you people recommend, what should I do?
Should my bank statement as of today would be acceptable or wait to avoid confusion?
how much money do you have in the account as of today ? 9k or 12k ?
and that amount which is 5 months 15 days old, is that a loan or something ?
 

akryptik

Star Member
May 20, 2016
106
0
thestunner316 said:
how much money do you have in the account as of today ? 9k or 12k ?
and that amount which is 5 months 15 days old, is that a loan or something ?
12k

That's my own amount...which was earlier present in form of cash and not deposited.
 

thestunner316

Champion Member
Feb 6, 2016
2,251
301
Job Offer........
Pre-Assessed..
akryptik said:
12k

That's my own amount...which was earlier present in form of cash and not deposited.
if you can explain how you got the cash (9k$ is a fairly large amount) with receipts and stuff like that then its fine... otherwise i would wait another 15 days...

besides you still need to do PCC and medicals - that can take some time also.

ultimately it comes down to you...
 

akryptik

Star Member
May 20, 2016
106
0
thestunner316 said:
if you can explain how you got the cash (9k$ is a fairly large amount) with receipts and stuff like that then its fine... otherwise i would wait another 15 days...

besides you still need to do PCC and medicals - that can take some time also.

ultimately it comes down to you...
Done with Medical and PCC.

btw, can you please link me with any official statement mentioning 6 month period?
I have bank statement and account certificate (with no amount mentioned)
 

thestunner316

Champion Member
Feb 6, 2016
2,251
301
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akryptik said:
Done with Medical and PCC.

btw, can you please link me with any official statement mentioning 6 month period?
I have bank statement and account certificate (with no amount mentioned)
wel thats what they ask for in the document checklist... i have not recd ITA so i cant comment.
 

akryptik

Star Member
May 20, 2016
106
0
thestunner316 said:
wel thats what they ask for in the document checklist... i have not recd ITA so i cant comment.
That's what they are asking....

If you are applying for permanent residence in Canada, you must provide an official letter issued by your financial institution indicating your financial profile. This must:

list of all your bank (chequing and savings) and investment accounts, the account numbers, dates each account was opened and the balance of each account over the past six months,
list all outstanding debts, such as credit cards and loans,
be printed on the letterhead of the financial institution, and include your name and the contact information of the financial institution (address, telephone number and e-mail address).


Which financial institution they are talking about?
 

thestunner316

Champion Member
Feb 6, 2016
2,251
301
Job Offer........
Pre-Assessed..
akryptik said:
That's what they are asking....

If you are applying for permanent residence in Canada, you must provide an official letter issued by your financial institution indicating your financial profile. This must:

list of all your bank (chequing and savings) and investment accounts, the account numbers, dates each account was opened and the balance of each account over the past six months,
list all outstanding debts, such as credit cards and loans,
be printed on the letterhead of the financial institution, and include your name and the contact information of the financial institution (address, telephone number and e-mail address).


Which financial institution they are talking about?
ummm...bank ?