Proof of Funds after ITA


Recommended Posts

Hey all,

So we received our ITA not two weeks ago (YAY!!), and basically everything is ready to go - Medicals, SAPS clearance, Reference letters etc. One issue...


So I'm aware there is the minimum $16 000.00 that we need to have (My wife and I). We currently have the $16 000 in my savings account - problem is, when we submit we need to pay the application fee $2250, (R24 000)  which then takes it below that threshold. We both keep our jobs, so salaries are going to be saved, and we do have a car that is fully paid off that we intend to sell, but it's not going to happen now, as we still need it to get around here until, hopefully, we get our PR.


So what should we do? Try to sell everything as fast as possible or borrow money or can we write a letter that states our incomes, valuation of the car and planned savings for the next 6 months or...?


Any advice?


***PS: Not sure if I posted this in the right place, sorry if it's not 😳***

Edited by Seth
Not sure it's posted in the right place.
Link to comment
Share on other sites

Take balances of the statements just before you pay for the fees. That way no need for any explanation? They look at the statements as proof of funds...nothing else.

No need to stress, however try buffer for some rand volatility of you can.

Link to comment
Share on other sites

I agree with poorguy - print the statements before you pay the fees.

You also don't have to pay all the visa fees upfront. You will pay the processing fee upfront when you submit your documents, but you can usually choose to pay the RPRF at a later stage - so perhaps consider this if it's going to help keep enough savings in your account.

Unfortunately you're not allowed to borrow money to make up your funds - if someone gives you money it has to be a gift deed and you'll need a letter from them to show that you won't be required to pay the money back.

Edited by Kitcat
Link to comment
Share on other sites

  • 1 month later...

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.