Proof Of Funds - Average Balance

[seemefree]

Hi guys, I have a query regarding the average balance value over 6 months.

The reference letter I received from my bank states 2 values :
Current balance - 30,000 CAD
Average 6 months balance - 22,770 CAD

I am applying on behalf of myself and my common-law partner, which means I fall under the second bracket (15,531 CAD).

There is a significant difference between my current balance and average 6 months balance. That being said, the average 6 months balance is significantly above the funds required by IRCC as well.

I believe this clearly shows that I have had more than the required funds in my account for over 6 months, and satisfies their request, right?

My question is, will I be requested for proof of where I got these funds from, due to the large difference in current and average 6 months balance value? or will they just see that the average value is much higher already and it will be sufficient for them?

Thank you in advance for your assistance!

@DelPiero07 @legalfalcon

 

[ankie]

Hi guys, I have a query regarding the average balance value over 6 months.

The reference letter I received from my bank states 2 values :
Current balance - 30,000 CAD
Average 6 months balance - 22,770 CAD

I am applying on behalf of myself and my common-law partner, which means I fall under the second bracket (15,531 CAD).

There is a significant difference between my current balance and average 6 months balance. That being said, the average 6 months balance is significantly above the funds required by IRCC as well.

I believe this clearly shows that I have had more than the required funds in my account for over 6 months, and satisfies their request, right?

My question is, will I be requested for proof of where I got these funds from, due to the large difference in current and average 6 months balance value? or will they just see that the average value is much higher already and it will be sufficient for them?

Thank you in advance for your assistance!

@DelPiero07 @legalfalcon

Attach bank statement as well for last 6 months.. rest is fine.. I had a similar situation.

 

[legalfalcon]

Hi guys, I have a query regarding the average balance value over 6 months.

The reference letter I received from my bank states 2 values :
Current balance - 30,000 CAD
Average 6 months balance - 22,770 CAD

I am applying on behalf of myself and my common-law partner, which means I fall under the second bracket (15,531 CAD).

There is a significant difference between my current balance and average 6 months balance. That being said, the average 6 months balance is significantly above the funds required by IRCC as well.

I believe this clearly shows that I have had more than the required funds in my account for over 6 months, and satisfies their request, right?

My question is, will I be requested for proof of where I got these funds from, due to the large difference in current and average 6 months balance value? or will they just see that the average value is much higher already and it will be sufficient for them?

Thank you in advance for your assistance!

@DelPiero07 @legalfalcon

If you meet the 6 months average balance, you will not be asked where you got the funds from.

To read more on PoF see :
https://www.getgcms.com/blog/proof-funds-requirement-express-entry/

 

[seemefree]

Attach bank statement as well for last 6 months.. rest is fine.. I had a similar situation.

If you meet the 6 months average balance, you will not be asked where you got the funds from.

To read more on PoF see :
https://www.getgcms.com/blog/proof-funds-requirement-express-entry/

Thank you both for taking the time! Really appreciate it

 

[mhentry]

Hi Guys, I am in confused state regarding the average balance value over 12 months ( Since Chase only give it for 12 months )

The reference letter I received from my bank states 2 values :
Current balance - 13650 USD
Average 12 months balance - 3005 USD

Since my average for 12 months is just 3000 USD, will it be a issue ??? Need suggestions guys.. Please