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Timed deposits and certificate of deposit

Wolverine17 said:
It wont be in the account for 6 months,what can i do?i have a one year old bank statetment from the post office where i will move my money from
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IF they are transferred from your own account with other bank just add the statement as you said. You need to show source of money. If they were transferred from parents account you need a gift deed and also source of money your parents got from.
 
bestofluck said:
IF they are transferred from your own account with other bank just add the statement as you said. You need to show source of money. If they were transferred from parents account you need a gift deed and also source of money your parents got from.
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It will be transfered by hand from the post office account
 
So show the statements from your account.

Why are you moving the money though? Wouldn't it be easier to leave them there and move them after aor?
 
This banking system sounds so weird to me. Withdraw cash from account and then deposit into another account. If you do a bank transfer, you can show trace of the funds.
 
kryt0n said:
So show the statements from your account.

Why are you moving the money though? Wouldn't it be easier to leave them there and move them after aor?
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First because its the post office and am not sure if a bank is a must plus the letter is not according to cic requirements
 
xpressentry said:
This banking system sounds so weird to me. Withdraw cash from account and then deposit into another account. If you do a bank transfer, you can show trace of the funds.
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There is no money transfer option at the post office
 
Wolverine17 said:
First because its the post office and am not sure if a bank is a must plus the letter is not according to cic requirements
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Have you moved the money from your bank to the post office yet?
 
Wolverine17 said:
Its at the post office and i am thinking of doing the opposite
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Right, ok. It is up to you. You can move it back into your bank but you'll have to show evidence that it has been in the post office account for over 6 months. You'll have to produce proof of transfer.

If you have to take it out in cash and deposit it it might be easier to leave it inthe post office account, and print off t's and C's showing you can withdraw the money at any time.
 
kryt0n said:
Right, ok. It is up to you. You can move it back into your bank but you'll have to show evidence that it has been in the post office account for over 6 months. You'll have to produce proof of transfer.

If you have to take it out in cash and deposit it it might be easier to leave it inthe post office account, and print off t's and C's showing you can withdraw the money at any time.
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I have bank statement from the post office and maybe will have a reciept of withdrawal and maybe reciept of deposit in the bank if i open an account
 
Wolverine17 said:
I have bank statement from the post office and maybe will have a reciept of withdrawal and maybe reciept of deposit in the bank if i open an account
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If you can show a clear timeline, great. Put putting it in an existing account rather than a new one would be easier still.
 
kryt0n said:
If you can show a clear timeline, great. Put putting it in an existing account rather than a new one would be easier still.
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Will it make a diff if i withdraw the money or transfer it??
 
Wolverine17 said:
Will it make a diff if i withdraw the money or transfer it??
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Transfer would be easier
 
Wolverine17 said:
Am asking because the post office will take 3-7 days for the transfer plus 1 percent from the total amount so is or worth it??
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That's your call. How long do you have left to submit your eapr?
 
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