+1(514) 937-9445 or Toll-free (Canada & US) +1 (888) 947-9445

Letter from Bank - proof funds

samgrace375

Star Member
Jan 25, 2017
50
0
Hi Guys,

In the letter from bank i recieved following details.

Account number,name of the account holders,account opening date,current balance,type of account.

I will have another set of document with the bank statement for past 6 months.
1.Would the above be sufficient?
2. would I require to convert the amount in CAD to mention in LOE or just INR is sufficient?
 

Wolverine17

VIP Member
Mar 28, 2016
3,135
351
samgrace375 said:
Hi Guys,

In the letter from bank i recieved following details.

Account number,name of the account holders,account opening date,current balance,type of account.

I will have another set of document with the bank statement for past 6 months.
1.Would the above be sufficient?
2. would I require to convert the amount in CAD to mention in LOE or just INR is sufficient?
I am curious about the currency exchange question as well
 

xpressentry

VIP Member
Nov 27, 2016
3,109
187
London
Category........
NOC Code......
0631
Job Offer........
Pre-Assessed..
App. Filed.......
29-03-2017
Doc's Request.
Schedule A - upfront
AOR Received.
29-03-2017
IELTS Request
Upfront
File Transfer...
Waiting
Med's Request
Upfront
Med's Done....
28-03-2017
Passport Req..
Waiting
VISA ISSUED...
Waiting
LANDED..........
Waiting
I think it's better to mention in CAD as CIC has given the CAD amount. I don't expect them to remember the conversion of every single currency in the world. My bank didn't give the conversion. Therefore, I took a screenshot of the currency conversion from the bank of Canada website
 

Wolverine17

VIP Member
Mar 28, 2016
3,135
351
xpressentry said:
I think it's better to mention in CAD as CIC has given the CAD amount. I don't expect them to remember the conversion of every single currency in the world. My bank didn't give the conversion. Therefore, I took a screenshot of the currency conversion from the bank of Canada website
Can i use the xe website as a reference
 

xpressentry

VIP Member
Nov 27, 2016
3,109
187
London
Category........
NOC Code......
0631
Job Offer........
Pre-Assessed..
App. Filed.......
29-03-2017
Doc's Request.
Schedule A - upfront
AOR Received.
29-03-2017
IELTS Request
Upfront
File Transfer...
Waiting
Med's Request
Upfront
Med's Done....
28-03-2017
Passport Req..
Waiting
VISA ISSUED...
Waiting
LANDED..........
Waiting
Wolverine17 said:
Can i use the xe website as a reference
Not sure about xe.

Example: UK only accepts Oanda so whoever gives xe would get a rejection.

Oanda and xe are the most popular currency converter. CIC does not mention what they accept. Therefore, I played safe and chose a Canadian bank.
 

cavemen

Star Member
Feb 22, 2016
116
2
Job Offer........
Pre-Assessed..
I would suggest if you are very close to the minimum required just get a statement for INR and use the bank of canada website snapshot as a reference.
The reason being every bank has a different conversion rate, if its a private bank they will show the selling rate which is always higher . For e.g. if the rate on bank of canada is 48.69 a private bank will show the rate as 52 or something .. which is 4 Rs higher per dollar .. This makes a impacting difference on the final sum .
 

Wolverine17

VIP Member
Mar 28, 2016
3,135
351
xpressentry said:
Not sure about xe.

Example: UK only accepts Oanda so whoever gives xe would get a rejection.

Oanda and xe are the most popular currency converter. CIC does not mention what they accept. Therefore, I played safe and chose a Canadian bank.
Ok got it,thanks
 

PurpleTuzi

Star Member
May 26, 2016
79
2
Visa Office......
Hong Kong
NOC Code......
4166
Job Offer........
Pre-Assessed..
AOR Received.
28-11-2016
IELTS Request
n/a
File Transfer...
n/a
Med's Request
n/a
Med's Done....
11-17-2016
Interview........
n/a
Passport Req..
10-01-2017
VISA ISSUED...
19-01-2017
LANDED..........
10-03-2017
samgrace375 said:
Hi Guys,

In the letter from bank i recieved following details.

Account number,name of the account holders,account opening date,current balance,type of account.

I will have another set of document with the bank statement for past 6 months.
1.Would the above be sufficient?
2. would I require to convert the amount in CAD to mention in LOE or just INR is sufficient?
No need to do any conversions. I had my money in RMB and I didn't have a Problems
 

dontgiveup

Newbie
Oct 29, 2017
1
0
Hello guys,

I would like to ask if 2-3 weeks old bank letters are ok before eAPR? or should get new bank letters?

Thanks in advance.
 

thomman

Star Member
Oct 17, 2016
52
6
T
No need to do any conversions. I had my money in RMB and I didn't have a Problems
True. No need for any conversions. Just get the latest statement from Bank ( both consolidated and month by month for the past 6 months) and submit..
 

mattjp1

Hero Member
Jul 23, 2017
549
152
T


True. No need for any conversions. Just get the latest statement from Bank ( both consolidated and month by month for the past 6 months) and submit..
It doesn't harm adding a paper with converted amounts from local currency to Canadian Dollars.

Example
Available funds: XXXXX,00
Equivalent to: CAN XXXXX,00
Foreign exchange rate of November 14th, 2017
 

thomman

Star Member
Oct 17, 2016
52
6
It doesn't harm adding a paper with converted amounts from local currency to Canadian Dollars.

Example
Available funds: XXXXX,00
Equivalent to: CAN XXXXX,00
Foreign exchange rate of November 14th, 2017
Ofcourse, it doesn't harm. What I meant is, it wont be an issue as well, if its not there.