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Chahan

Newbie
Dec 28, 2017
3
0
hi all I had question about the monthly average required for proof of funds. Broadly in the last few months I’ve had a few major expenses so my bank balance fluctuates significantly. To give you an idea:

June 2017: $80,000
July 2017: $90,000 (sale of car this month, as I was planning to buy a new one)
August 2017: $70,000 (purchased a car for work)
September 2017: $20,000 (paid of all my student loans)
October 2017: $13,000 (holiday)
November 2017: $15,000 (savings)
December 2017 $18,000 (savings)

Would this have a significant impact on my proof of funds documents? There are no incumburences or outstanding loans that I have on the remaining balance.
 
No, it doesn't matter. As long as you have more than the required amount to support your application, you are fine. Plus, you don't have any outstanding loans. So, your financial standing is in a good condition.