Timed deposits and certificate of deposit
- Thread starter Wolverine17
- Start date
If you have enough time do the transfer. Honestly, this one is your decision.Wolverine17 said:Less than a month
I mean will it have more credibility or there is no difference?kryt0n said:If you have enough time do the transfer. Honestly, this one is your decision.
If our can provide an accurate trail if you withdraw the cash i guess its the same.Wolverine17 said:I mean will it have more credibility or there is no difference?
It would still be easier to just leave it in the post office account.
Transfer will be more credible in my opinion. Withdrawal leaves with a burden of too many proofs and hands in between. It appears less credible too.Wolverine17 said:I mean will it have more credibility or there is no difference?
Your bank statement will clearly show that the money came from another account if it's a transfer which would add a lot credibility to support your source of proof. You can just give both statements.
I think thats what i will do eventhough running out of time,will see tomorrow how it worksDEEPCUR said:Transfer will be more credible in my opinion. Withdrawal leaves with a burden of too many proofs and hands in between. It appears less credible too.
Your bank statement will clearly show that the money came from another account if it's a transfer which would add a lot credibility to support your source of proof. You can just give both statements.
Don't worry.. I have received same day ITA (Jan 25) as yours, and I am still working on reference letters. I am even yet to talk about this with my manager! I am expecting things to be real close!Wolverine17 said:I think thats what i will do eventhough running out of time,will see tomorrow how it works
Good luck, and hope everything works for you!
xpressentry said:When you fixed money in an account, they tell you the term of the deposit and how much interest you will earn on that deposit. The contract also state what will happen if you need to withdraw that money earlier than the maturity date. If you withdraw the money early, there will be a penalty payment.
If you do not know the Ts and Cs of your investment, you can ask them for it. If your financial institution has not informed you about the Ts and Cs before making the investment or are holding your money at ransom against your will without giving you the option for an early withdrawal, it sounds like you have chosen a very dodgy financial institution.
Are treasury bills acceptable as proof of funds? I want to use one that has a maturity date of August 2017.
Probably only valid if you submit after august 2017, when you can liquidate them.amysanyer said:Are treasury bills acceptable as proof of funds? I want to use one that has a maturity date of August 2017.
Good luck to you and and me broDEEPCUR said:Don't worry.. I have received same day ITA (Jan 25) as yours, and I am still working on reference letters. I am even yet to talk about this with my manager! I am expecting things to be real close!
Good luck, and hope everything works for you!
Treasury bills are totally acceptable but you will need to show the source of funds.
amysanyer said:Are treasury bills acceptable as proof of funds? I want to use one that has a maturity date of August 2017.