Regarding bank statement verification.

[Sadab]

Hi. So its a long post so please take some time to read, and if possible answer my 3 questions:

My parents are my sponsors. So for example,

Suppose we have shown a total fund of 100k for a course that requires 20k. The living cost shall amount to 20k. So 60k is still left.

Now, due to an emergency, I have to withdraw funds, for example 20k. So my balance statement now becomes 80k, rather than the 100k.

Will the VO be able to verify the transacted amount? How would they do that since the bank is not obligated to disclose the balance. If I am unable to replenish this, is 80k still enough as proof of funds?

 

[Rafaelhag43]

The minimum funds required is 1 year of tuition + $10k. You have way more so you're fine.

 

[Simba112]

Hi. So its a long post so please take some time to read, and if possible answer my 3 questions:

My parents are my sponsors. So for example,

Suppose we have shown a total fund of 100k for a course that requires 20k. The living cost shall amount to 20k. So 60k is still left.

Now, due to an emergency, I have to withdraw funds, for example 20k. So my balance statement now becomes 80k, rather than the 100k.

Will the VO be able to verify the transacted amount? How would they do that since the bank is not obligated to disclose the balance. If I am unable to replenish this, is 80k still enough as proof of funds?

They verify name and bank balance on closing day you printed your statement. However if you print and withdraw same day after printing statement then that will be a difference. However, that amount is sufficient to meet pof

 

[sqfit]

They verify name and bank balance on closing day you printed your statement. However if you print and withdraw same day after printing statement then that will be a difference. However, that amount is sufficient to meet pof

what if some part of it is withdrawn 3-4 days after but will be deposited again in 2-3 weeks?

 

[Simba112]

what if some part of it is withdrawn 3-4 days after but will be deposited again in 2-3 weeks?

That should fine. They verify closing balance… in your example, balance 3-4 before.. simply the day statement was printed

 

[sqfit]

Thank you!