$$$$........Proof of Fund after Landing........$$$$

[Sohail Chowdhury]

I think there should be a topic on this as well. From studying this blog my understanding is

• Immigration Officer will check physical proof of fund after landing in Canada. However in some cases they may not check as well
• Proof of fund has to be in denomination of Canadian Dollar and in any of these following forms
  • Cash
  • Bank Draft
  • Demand Draft
  • Travelers Check
  • Account Statement from an Canadian Bank
• If, someone cannot show the proof in any of the above forms, s/he will be sent back.

Now there are some questions more,

• There are some country specific limitations on transferring fund to another country. For example, for Bangladesh, I have heard that Bangladesh Bank doesn't allow carrying more than $3,000 CAD. What to do in that case?
• Can I send the amount to any of my relatives' or friend's account before going there?

Seniors please give your valuable opinions.

 

[zulkfal]

Re: $$$$ Proof of Fund after Landing $$$$

the $3,000 limit is on cash, you can carry Bank draft etc. I read some where on this forum that you can take bank statement with you and show the fund should are ready for transferred can be accepted as proof but not 100% sure but am sure about this limit thing it's in nearly every country but that is cash limit but you can carry bank draft etc.

 

[saki]

Re: $$$$ Proof of Fund after Landing $$$$

You can travellers cheque as many as you want, the limit only applies to cash.

Regards
Saki

 

[Chami]

Re: $$$$ Proof of Fund after Landing $$$$

Another option is to open an account in Canada online. Royal Bank of Canada (the only bank) does it 'www.rbc.com' But it may take some time for sending them your copies of identification doc-s by mail. You can transfer the funds into your own acct directly (bank-to-bank) and at the time of landing u'll give 'Proof of Funds' letter from RBC.

Good luck

 

[slavasz]

Re: $$$$ Proof of Fund after Landing $$$$

[size=10pt]I asked a few times about someone using HSBC, and nobody said that use it because of ridiculous monthly charges if your balance is less than $100000(???!!!).

I wish someone from HSBC would read this posting and rethink their exorbitant charges.

And by the way this forums is sponsored by HSBC![/size]

 

[steaky]

Re: $$$$ Proof of Fund after Landing $$$$

[size=10pt]I asked a few times about someone using HSBC, and nobody said that use it because of ridiculous monthly charges if your balance is less than $100000(???!!!).

I wish someone from HSBC would read this posting and rethink their exorbitant charges.

And by the way this forums is sponsored by HSBC![/size]

Which country's HSBC are you talking about? I have an account in HSBC Canada and the monthly charge can be waived if the balance is over CAN$2000.

 

[Canadian4U]

Re: $$$$ Proof of Fund after Landing $$$$

I Knew that It's Indian Rupees 100000 required as minimum balance in HSBC.

I am sure HSBC canada would be CAD 2000 - 2500.

Regards

 

[b2c]

Re: $$$$ Proof of Fund after Landing $$$$

Dear All,

I am landing in Toronto in the first week of June, initially, for one month. But I am facing a problem relating to funds to be carried with me.

Actually, in Kuwait the Travelers’ Cheques or Bank Drafts in Canadian Dollars are not available. I have checked with all the all the majors banks and exchange companies.

So, in this scenarios do need to carry CAD 13,801 in cash only or I have any other alternative??? Has anybody faced this problem in Kuwait or anywhere???

Please share you view on this.

Best regards

 

[b2c]

Re: $$$$ Proof of Fund after Landing $$$$

the $3,000 limit is on cash, you can carry Bank draft etc. I read some where on this forum that you can take bank statement with you and show the fund should are ready for transferred can be accepted as proof but not 100% sure but am sure about this limit thing it's in nearly every country but that is cash limit but you can carry bank draft etc.

Actually, my colleague has used bank statement as POF at POE as the DD/ TC in CAD are not available in Kuwait. He landed in March this year. I will also have to do the same.

 

[amrinderghuman]

Re: $$$$ Proof of Fund after Landing $$$$

from india what is the maximum limit of carrying fnds in cash.i have to take 11086 dollars what should i do.

plz help

 

[b2c]

Re: $$$$ Proof of Fund after Landing $$$$

from india what is the maximum limit of carrying fnds in cash.i have to take 11086 dollars what should i do.

plz help

From India you can take TC.

 

[accounts]

Re: $$$$ Proof of Fund after Landing $$$$

from india what is the maximum limit of carrying fnds in cash.i have to take 11086 dollars what should i do.

plz help

its is 5000 USD

 

[Chami]

Re: $$$$ Proof of Fund after Landing $$$$

Another option is to open an account in Canada online. Royal Bank of Canada (the only bank) does it 'www.rbc.com' But it may take some time for sending them your copies of identification doc-s by mail. You can transfer the funds into your own acct directly (bank-to-bank) and at the time of landing u'll give 'Proof of Funds' letter from RBC.

Good luck

If there is no other way, then the only way to do is to open an acct online. HSBC, CIBC, Bank of Montreal, TD or Scotiabank don't do that for non residence of Canada, but RBC does it! 100% right info

 

[slavasz]

Re: $$$$ Proof of Fund after Landing $$$$

Thanks steaky for information!
In HSBC China it is RMB500000=USD$73421.

 

[steaky]

Re: $$$$ Proof of Fund after Landing $$$$

Thanks steaky for information!
In HSBC China it is RMB500000=USD$73421.

Hi slavasz,

This requirement is for China HSBC Premier Banking, right?