Bank statement and balance

[prasanna1157]

Hello,

I have been waiting for an ITA for almost 6 months now, with 475 points. I have saved enough money to show proof for a single person. I have got a bank statement showing my current balance and my average balance over the last year.

I don't know when I will get my ITA, but I can no longer hold the money in the account as I have a lot of expnses coming up. So, is it OK if I take the money out now? As I said, I only got a bank statement showing enough money earlier this month.

Please help!

 

[JSN_2016]

Hi Prasanna,

Are you planning to apply through FSW or CEC?Are you in Canada or outside Canada?

If CEC, no need to show bank statements. If FSW, you have to show proof of funding.

In general, when you get ITA, they ask to provide last six months statement. If you get ITA in Oct, and submit your application in Oct, then you have to show bank statements from Oct, Sep, Aug, July, June and May.

Don't worry looking at the trend, you might ITA in Oct/Nov.

It also depends on how much money you are planning to take out.

 

[prasanna1157]

Thank you for responding. I am applying through FSW. When do I need to show that proof? Do I need to attach the statement with my application?

My balance currently is above ($12,164 CAD), the minimum amount they require for a single applicant, and my statement shows that. However, my average balance and my monthly statements over the last 6 or 12 months would show much less than my current balance because I've been saving up slowly. Is this OK?

Assuming I submit my application in Nov, can I take out the money once I've got my statements and submitted my application? I do need to take out most of the money as I have a few major expenses coming up. If necessary, I can start saving up again next year. Is that OK?

 

[prasanna1157]

Someone please help!

 

[Canada2425]

Thank you for responding. I am applying through FSW. When do I need to show that proof? Do I need to attach the statement with my application?

My balance currently is above ($12,164 CAD), the minimum amount they require for a single applicant, and my statement shows that. However, my average balance and my monthly statements over the last 6 or 12 months would show much less than my current balance because I've been saving up slowly. Is this OK?

Assuming I submit my application in Nov, can I take out the money once I've got my statements and submitted my application? I do need to take out most of the money as I have a few major expenses coming up. If necessary, I can start saving up again next year. Is that OK?

1. You have a bank statement showing required money. If you withdraw/deposit money, you'll need a new statement as whatever information you have to provide post ITA has to be up-to-date. If you provide current statement that you have and if you don't have that statement valid while submitting docs - misrepresentation. You may face issues because of that.

2. It is advisable that throughout the process, you keep that stated money as-is. Till the time you land.

 

[Wolverine17]

Someone please help!

You will need to provide them with an updated bank statement post ita with the money being in your account for a 6 month period so its better to keep the money in your account at least till you get your ita and send them a bank statement.

 

[istari]

You will need to provide them with an updated bank statement post ita with the money being in your account for a 6 month period so its better to keep the money in your account at least till you get your ita and send them a bank statement.

An updated bank statement is also required when you land, not just for eAPR.

 

[scylla]

Thank you for responding. I am applying through FSW. When do I need to show that proof? Do I need to attach the statement with my application?

My balance currently is above ($12,164 CAD), the minimum amount they require for a single applicant, and my statement shows that. However, my average balance and my monthly statements over the last 6 or 12 months would show much less than my current balance because I've been saving up slowly. Is this OK?

Assuming I submit my application in Nov, can I take out the money once I've got my statements and submitted my application? I do need to take out most of the money as I have a few major expenses coming up. If necessary, I can start saving up again next year. Is that OK?

You should leave the money in your account until you land and become a PR.

 

[Wolverine17]

An updated bank statement is also required when you land, not just for eAPR.

But i think he can have the money in cash not neccessarily a bank statement right?

 

[BC4life]

Why not keep things simple and leave the money where it is to avoid any problem?