proof of funds

Old Aug 1st 2010, 7:39 pm
  #1  
BE Enthusiast
Thread Starter
 
Joined: Jan 2010
Location: glasgow
Posts: 326
alcat2010 is just really nicealcat2010 is just really nicealcat2010 is just really nicealcat2010 is just really nicealcat2010 is just really nicealcat2010 is just really nicealcat2010 is just really nicealcat2010 is just really nicealcat2010 is just really nicealcat2010 is just really nicealcat2010 is just really nice
Default proof of funds

Hi,

can anyone give my wife and I some info regarding the 'proof of funds' for the federal skilled worker / visa application..

If I have worked it out properly, it is $16,967 for 3 people (my wife, myself and the new born!)

But my query is how exactly do you prove your funds?
Is it just copy of a bank statement with the correct amount?....
Is there any criteria we must meet i.e. regular transfers/savings and not just a one off transaction?

thanks in advance for any responses
alcat2010 is offline  
Old Aug 1st 2010, 7:55 pm
  #2  
Living life again!!!!!!!
 
Falcore's Avatar
 
Joined: Apr 2009
Location: Cheshire and glad to be here!!!!!!!!!!!!!!
Posts: 550
Falcore has a reputation beyond reputeFalcore has a reputation beyond reputeFalcore has a reputation beyond reputeFalcore has a reputation beyond reputeFalcore has a reputation beyond reputeFalcore has a reputation beyond reputeFalcore has a reputation beyond reputeFalcore has a reputation beyond reputeFalcore has a reputation beyond reputeFalcore has a reputation beyond reputeFalcore has a reputation beyond repute
Default Re: proof of funds

Yup just a copy of you bank statement will be fine. I think if its just a one off transaction depositing that kind of money they will want to know where it has come from as the money can't be borrowed and that might indicate that it is.

Ours was in a couple of different accounts and we just sent copies of all the statements.
Falcore is offline  
Old Aug 1st 2010, 8:04 pm
  #3  
Forum Regular
 
Joined: Jul 2010
Posts: 54
vaughant is an unknown quantity at this point
Default Re: proof of funds

Originally Posted by Falcore
Yup just a copy of you bank statement will be fine. I think if its just a one off transaction depositing that kind of money they will want to know where it has come from as the money can't be borrowed and that might indicate that it is.

Ours was in a couple of different accounts and we just sent copies of all the statements.

How does it work with debt etc?do they need a credit check or anything?I'm only asking as I'll be renting my property out in Britain hence I will still have a mortgage,I have some credit card debt right now but that should be cleared before I leave.
vaughant is offline  
Old Aug 1st 2010, 8:23 pm
  #4  
BE Enthusiast
Thread Starter
 
Joined: Jan 2010
Location: glasgow
Posts: 326
alcat2010 is just really nicealcat2010 is just really nicealcat2010 is just really nicealcat2010 is just really nicealcat2010 is just really nicealcat2010 is just really nicealcat2010 is just really nicealcat2010 is just really nicealcat2010 is just really nicealcat2010 is just really nicealcat2010 is just really nice
Default Re: proof of funds

Originally Posted by Falcore
Yup just a copy of you bank statement will be fine. I think if its just a one off transaction depositing that kind of money they will want to know where it has come from as the money can't be borrowed and that might indicate that it is.

Ours was in a couple of different accounts and we just sent copies of all the statements.

Yeah I was sure I read somewhere that the money cant be borrowed.
($16,967 =£11,200)
So the immigration office will want a statement of regular transactions over a period of time?..
Just as well weve started the saving already!

thanks for the reply
alcat2010 is offline  
Old Aug 1st 2010, 11:03 pm
  #5  
Account Closed
 
Joined: Oct 2009
Posts: 224
Lorna999 is an unknown quantity at this point
Default Re: proof of funds

Originally Posted by alcat2010
Yeah I was sure I read somewhere that the money cant be borrowed.
($16,967 =£11,200)
So the immigration office will want a statement of regular transactions over a period of time?..
Just as well weve started the saving already!

thanks for the reply
When we landed, we just had a bank statement and a copy of 'pending' funds from our house sale. We were asked for neither when we landed!
Lorna999 is offline  
Old Aug 2nd 2010, 8:41 am
  #6  
Living life again!!!!!!!
 
Falcore's Avatar
 
Joined: Apr 2009
Location: Cheshire and glad to be here!!!!!!!!!!!!!!
Posts: 550
Falcore has a reputation beyond reputeFalcore has a reputation beyond reputeFalcore has a reputation beyond reputeFalcore has a reputation beyond reputeFalcore has a reputation beyond reputeFalcore has a reputation beyond reputeFalcore has a reputation beyond reputeFalcore has a reputation beyond reputeFalcore has a reputation beyond reputeFalcore has a reputation beyond reputeFalcore has a reputation beyond repute
Default Re: proof of funds

Originally Posted by vaughant
How does it work with debt etc?do they need a credit check or anything?I'm only asking as I'll be renting my property out in Britain hence I will still have a mortgage,I have some credit card debt right now but that should be cleared before I leave.
We were not asked to show proof of any debt!
Falcore is offline  
Old Aug 2nd 2010, 8:43 am
  #7  
Living life again!!!!!!!
 
Falcore's Avatar
 
Joined: Apr 2009
Location: Cheshire and glad to be here!!!!!!!!!!!!!!
Posts: 550
Falcore has a reputation beyond reputeFalcore has a reputation beyond reputeFalcore has a reputation beyond reputeFalcore has a reputation beyond reputeFalcore has a reputation beyond reputeFalcore has a reputation beyond reputeFalcore has a reputation beyond reputeFalcore has a reputation beyond reputeFalcore has a reputation beyond reputeFalcore has a reputation beyond reputeFalcore has a reputation beyond repute
Default Re: proof of funds

Originally Posted by alcat2010
Yeah I was sure I read somewhere that the money cant be borrowed.
($16,967 =£11,200)
So the immigration office will want a statement of regular transactions over a period of time?..
Just as well weve started the saving already!

thanks for the reply
No worries! Good luck with saving!
Falcore is offline  
Old Aug 2nd 2010, 9:18 am
  #8  
BE Forum Addict
 
singingringingtree's Avatar
 
Joined: Mar 2007
Location: Near Colchester, Essex hoping to go to Port Moody, BC
Posts: 1,007
singingringingtree is a splendid one to beholdsingingringingtree is a splendid one to beholdsingingringingtree is a splendid one to beholdsingingringingtree is a splendid one to beholdsingingringingtree is a splendid one to beholdsingingringingtree is a splendid one to beholdsingingringingtree is a splendid one to beholdsingingringingtree is a splendid one to beholdsingingringingtree is a splendid one to beholdsingingringingtree is a splendid one to beholdsingingringingtree is a splendid one to behold
Default Re: proof of funds

I asked an immo officer this question (be it a few years ago) and was told they like to see the money has been in your name for about six months so they can make sure it hasn't been borrowed. However, I am sure I have read on here that people have got through sending bank statements covering three months.

We just printed off a copy of our bank statement (online bank) and sent that. It was accepted.
singingringingtree is offline  
Old Aug 2nd 2010, 3:22 pm
  #9  
PR living in Vancouver
 
Joined: Feb 2010
Location: Vancouver
Posts: 343
jobop will become famous soon enoughjobop will become famous soon enough
Default Re: proof of funds

I will have a lump sum in my account, sold a car at the beginning of the year and will be transferring the large amount back into my main bank account so its all together, then there is also savings within my bank which will total the amount we need. Was just going to print off the page of my internet banking and get the bank to stamp it to agree its authenticity.

Will I / should I have to explain the lump sum or just see what happens if they make a request for an explanation?
jobop is offline  
Old Aug 2nd 2010, 6:40 pm
  #10  
Forum Regular
 
Joined: Jul 2010
Posts: 54
vaughant is an unknown quantity at this point
Default Re: proof of funds

Originally Posted by Falcore
We were not asked to show proof of any debt!
Thanks,that's cleared it up nice.I'm just in the process of closing my business down but we won't be leaving any debt although I've incurred a bit of personal debt since it started I'm likely to be paying that off quite quickly.I may be coming into some inheritance shortly(nothing ghoulish I promise!!),however as it's coming to me through my mother as i wasn't directly named in the will I 'm not sure if they would see that as a loan of some description?
vaughant is offline  

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service -

Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.