Proof of Funds (Express Entry)

[DelPiero07]

Hey guys. CIC requirements for POF includes "the average balance for the past six months". What exactly does this mean?? Do i have to show the balance for each month? Or the balance at the end of the last six months??

Average balance for the past 6 months.

 

[dexternmn]

Average balance for the past 6 months.

so is it monthly average balance of last six months, OR six month average balance as in one figure ?

 

[DelPiero07]

One figure.

 

[kimokamel]

Hi Guys,

Is certificate of deposits or timed deposit account as a PoF?

 

[cavemen]

Hi Guys,

Is certificate of deposits or timed deposit account as a PoF?

yes I guess it should be older than six months

 

[lavanya_vetagire]

Hi,
Can anyone send me the link, where CIC says we need to produce 6 months average balance in the bank letter.
And what other details need to be mentioned in the letter.

 

[vishalg]

Hi,
Can anyone send me the link, where CIC says we need to produce 6 months average balance in the bank letter.
And what other details need to be mentioned in the letter.

http://www.cic.gc.ca/english/resources/tools/perm/express/intake-complete.asp

 

[lavanya_vetagire]

http://www.cic.gc.ca/english/resources/tools/perm/express/intake-complete.asp

Thank you

 

[kewl]

how true that in India there are agencies who offered to lend funds as POF to be deposited in the applicant in exchange for fees?

 

[vishalg]

how true that in India there are agencies who offered to lend funds as POF to be deposited in the applicant in exchange for fees?

anything is possible, as you are not required to provide trace of funds beyond 6 months.
But if found by CIC, you will be banned for 5 years for misrepresentation.

 

[Wolverine17]

Hi guys,does it matter if the bank letter is in black and white?it will be stamped in blue though

 

[vishalg]

Hi guys,does it matter if the bank letter is in black and white?it will be stamped in blue though

PCC should be coloured, other docs can be coloured/bw

 

[Wolverine17]

PCC should be coloured, other docs can be coloured/bw

Is it ok if the logo is black and white???

 

[vishalg]

Is it ok if the logo is black and white???

That's fine

 

[rupinder2k17]

how true that in India there are agencies who offered to lend funds as POF to be deposited in the applicant in exchange for fees?

200% True!!...and people are happy to do that.