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Proof Of Funds Might Fall Below Minimum Requirement(Urgent)

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shykelps

Full Member
Jan 6, 2017
34
1
Hi All,

I submitted my application and received aor last week. I had funds close to 12600 CAD in my currency. However now due to the currency exchange it comes close to 12450 and I am worried if it might fall below 12300.
Since, I have already submitted the application what can be done here?

Please help me and guide me seniors. Don't want to get rejected for this reason.
 
I think that what matters the most is your pof at the time of submission and anyways just try to add some money in your account if you can
 
Thank you... So does that mean that they will check the currency rate on the date I submitted my app and check whether I have met the required funds?Also if I add more money how can I update them about it?
 
The minimum funds must be maintained during the whole process. They may ask later on for new bank letter\steatment just to check if you still have the required amount.
 
Yes I will maintain the amount but my concern is due to currency exchange the amount might become less. While submitting my application it was close to 12600 due to currency changes it can go below 12300. Not sure what to do now.
 
shykelps said:
Thank you... So does that mean that they will check the currency rate on the date I submitted my app and check whether I have met the required funds?Also if I add more money how can I update them about it?
Click to expand...
No need to update them only if asked for an updated pof submit an loe with the updated bank statements and thats all
 
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shykelps said:
Hi All,

I submitted my application and received aor last week. I had funds close to 12600 CAD in my currency. However now due to the currency exchange it comes close to 12450 and I am worried if it might fall below 12300.
Since, I have already submitted the application what can be done here?

Please help me and guide me seniors. Don't want to get rejected for this reason.
Click to expand...
adding fund to the account is only option.
 
shykelps said:
Thanks a lot for your response and will do the same. I am worried if they might reject without asking me.
Click to expand...
What do you mean by reject without asking you?? If you mean like investigate into your account or something i doubt that this happens but maybe someone else can confirm,worst case they will ask you for an updated bank statement
 
Wolverine17 said:
What do you mean by reject without asking you?? If you mean like investigate into your account or something i doubt that this happens but maybe someone else can confirm,worst case they will ask you for an updated bank statement
Click to expand...
On the day of submission my balance was more than the required funds but due to currency fluctuations if the amount goes down in like 2 months and on that day if the agent checks and see if it's below the required amount I am worried it will be rejection. I am not sure but this is my concern.
 
shykelps said:
Hi All,

I submitted my application and received aor last week. I had funds close to 12600 CAD in my currency. However now due to the currency exchange it comes close to 12450 and I am worried if it might fall below 12300.
Since, I have already submitted the application what can be done here?

Please help me and guide me seniors. Don't want to get rejected for this reason.
Click to expand...

Dont think there's any reason for worry here.At the time of application submission, you furnished funds based on requirements and at the effective exchange rate on that date.Unless the requirements for dollar threshold changes so that you drop below the requirement then that might be cause problem, but in this case, it is clearly no fault of yours.
 
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vpkasbek said:
Dont think there's any reason for worry here.At the time of application submission, you furnished funds based on requirements and at the effective exchange rate on that date.Unless the requirements for dollar threshold changes so that you drop below the requirement then that might be cause problem, but in this case, it is clearly no fault of yours.
Click to expand...
Thanks a lot for your response. Feeling relieved now.
 
shykelps said:
On the day of submission my balance was more than the required funds but due to currency fluctuations if the amount goes down in like 2 months and on that day if the agent checks and see if it's below the required amount I am worried it will be rejection. I am not sure but this is my concern.
Click to expand...
I dont think that they check the accounts later they only check what you have submitted
 
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An important question that comes to my mind here. Say someone shows proof of funds with the required amount, little bit more or just exactly the required amount, but then pays the application fees using a card from the same account of lets say 1000 dollars. This amount will obviously go from the total amount but wont be shown on the bank letter as you usually get it, upload files, and then submit and pay. How does that usually work out?
 
Wolverine17 said:
I dont think that they check the accounts later they only check what you have submitted
Click to expand...
Thanks for your response. However my concern is not them checking my account. My currency is INR(Indian Rupee). When I submitted my statement aprox 600,000 INR was equal to 12300 CAD and 610,000 INR was my balance. Now the currency is falling slightly and in 2 months 615,000 can be equal to 12300 CAD. This is my concern as at that time if they see its not equal to 12300 they might reject.
 
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