British Expats

British Expats (https://britishexpats.com/forum/)
-   Immigration & Citizenship (Canada) (https://britishexpats.com/forum/immigration-citizenship-canada-33/)
-   -   Bringing money from Bank of America (https://britishexpats.com/forum/immigration-citizenship-canada-33/bringing-money-bank-america-33208/)

babakmozaffari Jun 15th 2001 1:51 am

Hi everyone.

I have $10,000 in my account in California with "Bank of America" which I eventually
plan to take to Canada. As I understand, the bank statement will suffice for proof of
landing, and I want to keep my account, so I have no reason to close it before
leaving. What is the best option (and why)?

1- Have a cashier's check be issued under my own name (Bank of America has a branch
in Canada that does this for them)

2- Go to Canada, open an account, then deposit a personal check from my BoA account

3- Go to Canada, open an account, then wire transfer the amount from my BoA account

4- Bring traveler's checks or something similar

Your help is very much appreciated.

Sincerely, Babak

dsm Jun 15th 2001 2:16 am

I had the same problem when applying for the visa in Moscow, Russia. I brought
American Express cheques to the embassy, but the embassy guy said, "No, we need a
statement from a western bank."

By the way, it doesn't HAVE TO BE a Canadian bank. As long as it's in a normal
western bank, in a country with banking laws, it's okay. Since Russia was and is so
volatile, I had to open an account in the west, transfer money there and then come
back to the embassy with a statement.

In your case, since your money is in the US, I am sure that just a statement will
be enough.

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America" which I
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check from my BoA
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amount from my BoA
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Peter Jun 15th 2001 3:22 am

1) is the best option. You don't need to maintain $10000 in your BoA account to keep
the account open.

See http://www.geocities.com/ptmlim/

Good luck!

Peter

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David Cohen Jun 15th 2001 2:49 pm

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While 1 or 4 would satisfy even the most stringent requirement for the demonstration
of settlement funds (this will vary depending on the port of entry, and the
immigration official), 3 is likely the most secure.
________
CAMPBELL, COHEN - attorneys at law tel:514.937.9445 / fax:514.937.2618
[email protected] http://canadavisa.com

Online Community: http://canadavisa.com/community


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