+1(514) 937-9445 or Toll-free (Canada & US) +1 (888) 947-9445

Would transferring money from my saving account to my brother's account put Proof of funds in doubt?

Anuj_Mangal

Newbie
Apr 10, 2019
7
0
Hello All,
I have received my ITA and am planning to submit my documents by 30th May.I would be showing my proof of funds using my bank balance certificate and my saving account details.I want to know if I can transfer amount in lacs(INR)(above minimum balance) from the same account to my brother's account for some personal reason.Would that make proof of funds questionable as substantial amount money is going out of my account ?

Thanks for your replies.
 

k.h.p.

VIP Member
Mar 1, 2019
8,801
2,250
Canada
So you'd be removing money from your account and then submitting bank records that show that transfer? Will your bank balance still be sufficient after the transfer? Will you be able to explain the "some personal reason"? Did your brother give you the funds to put into your balance so that you had sufficient funds, with the expectation that you'd return them at some certain point?
 

Anuj_Mangal

Newbie
Apr 10, 2019
7
0
My bank balance would still be sufficient after the transfer and I can explain the personal reason as well if required.And my brother did not put any funds in my bank balance account,they are all my funds.I just plan to transfer to his account for some work.
 

Anuj_Mangal

Newbie
Apr 10, 2019
7
0
So can I explain in advance the reason for this movement of funds to avoid any issues and If that's possible,where or How can I explain that?
 

Rajesh Durai

Hero Member
Dec 29, 2012
220
122
So can I explain in advance the reason for this movement of funds to avoid any issues and If that's possible,where or How can I explain that?
I wouldn't do that if I were you! IRCC only needs to make sure that you have sufficient funds in your bank account and not at all bothered about how you manage your finances. So you can transfer to anyone and vice versa.