Hi, I am David Vagolu, I submitted my Express Entry profile (Federal Skilled Worker class) and today there is a new draw and I am picked up. I studied here in Canada and I am currently working here. I have a NOC C job and for proof of funds, I have 13,000 CAD which is the requirement. However, my last 6 months' average balance is around 11,000 CAD. Should the average balance be strictly 13,000 or even if less than that is fine provided that the overall amount is 13,000? Can I write an LOE - letter of explanation stating that I am working in Canada so even though avg bal is <13k I am financially independent and can still manage the living expenses with the help of my current job?
Another question is do banks usually provide month-end avg balance or daily balances average for the last 6 months?
Please suggest, what can be done if I have an average balance of the last 6 months less than the required amount (13,000 CAD in this case). Thank you very much.
Another question is do banks usually provide month-end avg balance or daily balances average for the last 6 months?
Please suggest, what can be done if I have an average balance of the last 6 months less than the required amount (13,000 CAD in this case). Thank you very much.