Proof of funds

[Hridesh13]

My bank history is like this:

Month 1 : 2000 to 3000 USD
Month 2: 3000 to 4000 USD
Month 3: 5000 to 6000 USD
Month 4: 4000 to 5000 USD
Month 5: 8000 to 10000 USD
Month 6: 11000 USD, here I meet the minimum criteria

All my payments will be from my Payroll. Do you think it will look bad if I don't have the minimum 12300 for all 6 months. If Yes, what are the other ways as I already got ITA.

 

[mr.preetsingh]

My bank history is like this:

Month 1 : 2000 to 3000 USD
Month 2: 3000 to 4000 USD
Month 3: 5000 to 6000 USD
Month 4: 4000 to 5000 USD
Month 5: 8000 to 10000 USD
Month 6: 11000 USD, here I meet the minimum criteria

All my payments will be from my Payroll. Do you think it will look bad if I don't have the minimum 12300 for all 6 months. If Yes, what are the other ways as I already got ITA.

This looks good, since your funds are from Payroll only and it will be shown in the bank statement as well.
So you are good.

 

[prpurohit]

This should not be a problem. You don't have to have the pof amount for all six months. It's fine as long as it's clear from your bank statement that the amount is not borrowed.

 

[Hridesh13]

This should not be a problem. You don't have to have the pof amount for all six months. It's fine as long as it's clear from your bank statement that the amount is not borrowed.

Thank you..

 

[Hridesh13]

T

This looks good, since your funds are from Payroll only and it will be shown in the bank statement as well.
So you are good.

Thank you..

 

[Hridesh13]

T

Thank you..

Do we need to submit our bank statement for 6 months or any other specific format for POF?

 

[Hridesh13]

Thank you..

This should not be a problem. You don't have to have the pof amount for all six months. It's fine as long as it's clear from your bank statement that the amount is not borrowed.

Do we need to submit our bank statement for 6 months or any other specific format for POF?

 

[Hridesh13]

Thank you..

This looks good, since your funds are from Payroll only and it will be shown in the bank statement as well.
So you are good.

Do we need to submit our bank statement for 6 months or any other specific format for POF?

 

[prpurohit]

Do we need to submit our bank statement for 6 months or any other specific format for POF?

Yes, as per ircc website 6 months statement is ideal. Although there are people on the forum who have got ppr with 3-4 months bank statement as well. So it's your call.

 

[farazafzal]

My bank history is like this:

Month 1 : 2000 to 3000 USD
Month 2: 3000 to 4000 USD
Month 3: 5000 to 6000 USD
Month 4: 4000 to 5000 USD
Month 5: 8000 to 10000 USD
Month 6: 11000 USD, here I meet the minimum criteria

All my payments will be from my Payroll. Do you think it will look bad if I don't have the minimum 12300 for all 6 months. If Yes, what are the other ways as I already got ITA.

Your application will be refused. You should have minimum $12,475 at the time of filing application. If you have received ITA, that means you expressed that you have minimum funds available, however, you can not prove that !

Reject this ITA and await for the funds to reach minimum level as per IRCC requirement which is $12,475. If you don't have this amount you are not eligible to apply or make a profile claiming that you have secured this much amount.

Good Luck

 

[Arod]

Your application will be refused. You should have minimum $12,475 at the time of filing application. If you have received ITA, that means you expressed that you have minimum funds available, however, you can not prove that !

Reject this ITA and await for the funds to reach minimum level as per IRCC requirement which is $12,475. If you don't have this amount you are not eligible to apply or make a profile claiming that you have secured this much amount.

Good Luck

His figures are in USD, this is approx CAD14k.

 

[farazafzal]

His figures are in USD, this is approx CAD14k.

Completely missed that. Thank you for the correction.

 

[LTheanine]

Your application will be refused. You should have minimum $12,475 at the time of filing application. If you have received ITA, that means you expressed that you have minimum funds available, however, you can not prove that !

Reject this ITA and await for the funds to reach minimum level as per IRCC requirement which is $12,475. If you don't have this amount you are not eligible to apply or make a profile claiming that you have secured this much amount.

Good Luck

Hi,

Is it really the case that you need to have the minimum amount in your bank account before you received the ITA?

My case is liked this - I have roughly 16k CAD (but in local currency) sitting in my mutual fund when I filed my application. Then I received my ITA. after receiving the ITA, I liquidated that money so now it is already in my bank account. Thing is I had that amount for quite some time already its just that it is not in my savings account. I am planning to explain this in my Letter of explanation. Anyway my mutual fund account is under the same bank as my savings account.

 

[keebs]

Hi,

Is it really the case that you need to have the minimum amount in your bank account before you received the ITA?

My case is liked this - I have roughly 16k CAD (but in local currency) sitting in my mutual fund when I filed my application. Then I received my ITA. after receiving the ITA, I liquidated that money so now it is already in my bank account. Thing is I had that amount for quite some time already its just that it is not in my savings account. I am planning to explain this in my Letter of explanation. Anyway my mutual fund account is under the same bank as my savings account.

A letter and also use the receipt/transaction or statement if it shows the transaction from the mutual fund to the savings.

 

[LTheanine]

A letter and also use the receipt/transaction or statement if it shows the transaction from the mutual fund to the savings.

thank you! another thing is Ive realized that my proof of funds have this page 1 of 5, page 2 of 5 etc thing on the upper right corner.

The case though is, my bank placed in page 2 a form asking for any update of information if in case mine is not updated. I am planning on removing this page as it is not relevant.

So it goes like this

page 1 of 5 : general bank statement containing bank details, account opening date etc

page 2 of 5 : the form that i am saying above

page 3 of 5 : historical account transaction for months 1 to 3

page 4 of 5 : historical account transaction for months 3 to 5

page 5 of 5 : historical account transaction for month 6

Will it be a flag if I remove page 2? Or should I also include it in LOE? Ive asked the bank but they told me it is their standard (quite really annoyed about this standards thing that my bank have :-( )