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Proof of Funds - Tips and Tricks

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NW18

@TarrynLeitch you are lucky to have got that letter. Our private banker couldn’t get that for us so we went the long route. It has worked for us so @Daddy's Girl should work for us guys too just make sure you explain it in your LOE. good luck!

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TarrynLeitch

@Daddy's Girl, I begged my mom's company's private banker to assist. Apparently they are only legally allowed to use set standard letter templates, and if you need one with more/different info, certain people can send a proposed draft to their legal department, who will then approve it or reject. I must say it did take quite a while to get hold of. I would go with @NW18 's method since they have already been accepted haha :ilikeit:

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hdub07
13 hours ago, TarrynLeitch said:

@Daddy's Girl , Hey ;)

I also struggled to get this type of letter, eventually a very helpful FNB private banker pulled some strings and arranged a letter for me with the guidelines from CIC.

It took a few calls to the FNB Premier Banking line to get it sorted. I had to explain that the usual letters that they give for a visitor visa isn’t good enough and that they need to draft something that states all my accounts and balances over the last 6 months. 

Sounds like others got PPR with just stamped statements. I was freaking out about this letter because I thought the IRCC was fussy about having the dates that the accounts were opened listed on the letter. 

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CallMeIshmael

Hi guys, I’m still fairly new here. Still in the saving money (38k to go) and research stage. The money I’m saving for the application is being transferred to my savings pocket account monthly. Do I need a letter for only the savings account or do I need to include the current account as well? Seems like we need to give letters for all accounts but what if the current account is irrelevant for the application? 

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NW18

Hey @CallMeIshmael wrt to proof of funds it just needs to be more than the minimum amount required. Here is what you need to be careful for:

1) money is in one or multiple bank accounts in name of principal applicant.

2) if it’s an accompanying spouse and the account is in spouse’s name then there needs to be a letter from spouse declaring you have full control and access to these funds

3) it’s important to show that the money wasn’t taken as a loan.

4) if it’s a gift then a gift feed is required which I assume is irreverent to you

so if it’s in the savings account then only one account should be sufficient.

good luck with everything. 

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CallMeIshmael

@NW18 gratitude! 🙂

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GuyRussy

Hi everyone,

Quick question for a friend of mine. Does your spouse also have to provide a bank letter/s stating no unsecured debt etc, if your spouse is not the main applicant for EE?

From what I've read so far, it's only the main applicant that has to provide such proof? Thanks for your help...

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NW18

@GuyRussy there is no need to show any bank letter or proof of funds for spouse if the funds in the principal applicants account are sufficient 😀

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GuyRussy

Thanks a lot @NW18😀

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