ggirl said:
Hi Guys,
I have a question regarding proof of funds.
The exchange rate for my country keeps dropping and if my funds are converted using today's rate, I will be below the required funds.
I have some money in another account with enough funds to cover the difference.
Would you advise sending the second bank statement in or leave it as is and hope for the best?
From some other forum, People sent emails to David Li and Tracey Davies (SINP managers) to ask questions(from 2010 though), would you advise I do the same as I really want to know how funds are being converted or if I should send in the second bank statement.
I also don't want to be forward and cause issues for myself, your advice will be highly appreciated.
Firstly, the rate applicable on the submission date is used for conversion. If you had sufficient funds to cover the minimum threshold at the time of submission, then no problem if your funds goes below the threshold subsequently.
Secondly, If they reveal the fact that you have funds lower than the threshold then you can prove, by sending the bank statement of your other account, that you had funds in your other account as well. However, the other account must also be maintained for three months prior to submission, i.e. from 17 February to 17th May.
Finally, If your funds have been converted using the prevailing conversion rate, then your funds would accordingly be reduced. In this case, you can email them the other bank's statement before their decision to avoid rejection on the aforesaid ground.
GB