forms of funds

A

araj_98

Registered Users (C)
hi there!

I have been asked to show the proof of the funds.

Can anyone tell me what are the accepted froms of funds?
Do they consider credit card open-to-buy-balanace?

I have some money coming in after couple of months, can I say that officially?
 
What did you say on your application? You should show the funds available in your bank account. Need to obtain a letter fron the bank clearly indicatiing as to when the account was opened and your current available balance.

Credit card balances are considered debt.
 
Re: funds

Vault,

Thanks for helpful information!

On my application, I had said I would bring Cnd $12k.

I had read somewhere I cant remember where though...it said I could show amount available on credit cards as well.

I have recently bought some big-ticket items and I work as a consultant so lot of cash is always invested in expenses. To get the cash back it takes about 2 months.

Cash only would not be 12K. My bank accounts are about 2 year old. Do they need only 1 statement or past 2-3 statements?
Would it work if I borrow some money from my friends?


Thanks in advance!
 
1. If you provided on your application that you will bring $12K, you have to show the funds as 1-2 Recent Bank statements
2. credit card will not be accepted

I know of 2 cases that were rejected becase they could not show the proof of funds when asked, take care of that matter, if money is blocked it is your problem and they do not care about it , you have to show the funds.
 
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