Hello Asivad,
I have a question. My bank does not calculate an average on monthly basis, but do calculate a daily average. I actually don't understand that what exactly a 6 month average means? Is it the amount in your bank account on the last day of every month for last 6 months divided by 6?? Or its something else??
Secondly, after reading thru the discussion I understand that money taken from parents can be considered as gift and needs to have a self declaration attached. In order to fulfill minimum requirement of POF, I have to deposit a certain amount on the 6th month. For example Out of the required 12000CAD, I am maintaining a balance of 10,000 CAD along with monthly transactions(in and out of money) for 5 months. And in the 6th month I will deposit the remaining 2000 CAD. Does this action will have any negative impact on my 6 month average and will I be questioned for this action.
Thirdly, I want to submit my application by 20th of July. I will have minimum required balance by 20th. Now if I calculate my last 6 months from February 1st then I do not complete 6months. So, in that case do I need to wait till end of July to submit my application or I can give a statement starting from 20th January or before?? If I take the time period from 1st January-30th June, I wont have minimum required funds in my account. Kindly help...
I have a question. My bank does not calculate an average on monthly basis, but do calculate a daily average. I actually don't understand that what exactly a 6 month average means? Is it the amount in your bank account on the last day of every month for last 6 months divided by 6?? Or its something else??
Secondly, after reading thru the discussion I understand that money taken from parents can be considered as gift and needs to have a self declaration attached. In order to fulfill minimum requirement of POF, I have to deposit a certain amount on the 6th month. For example Out of the required 12000CAD, I am maintaining a balance of 10,000 CAD along with monthly transactions(in and out of money) for 5 months. And in the 6th month I will deposit the remaining 2000 CAD. Does this action will have any negative impact on my 6 month average and will I be questioned for this action.
Thirdly, I want to submit my application by 20th of July. I will have minimum required balance by 20th. Now if I calculate my last 6 months from February 1st then I do not complete 6months. So, in that case do I need to wait till end of July to submit my application or I can give a statement starting from 20th January or before?? If I take the time period from 1st January-30th June, I wont have minimum required funds in my account. Kindly help...