Proof of 'Landing Funds" >>>

[Cappuccino]

If the bank statements from 3rd world countries are not accepted as POF, why did the CIC issue visas after reviewing bank statements, which were submitted with applicant's application and later with PNWS? If visa officers weren't satisfied with those 3rd world countries bank statements, I believe they wouldn't issue the visas.

I would like to know the basis of this statement. Thanks!

Because at the time of application CIC simply want to know that the funding level is there. Some visa offices (particularly London, UK) will even accept equity in property as proof of funds at the application stage with no cash proof at all.

However, this is different to proof of funding at time of landing - when the requirement is that these funds will be readily available to the immigrant from the outset. CIC doesn't want funding tied up in non-easily transferable currency overseas and risk the immigrant being a drain on social services whilst they look for work in Canada. This is why they ask the funding is in an easily-transferrable currency - preferably CAD, but GBP, USD or Euro are also acceptable.

Bank statements from non-Canadian banks are usually accepted IF the balance is in one of these four currencies, and this is a major international bank (HSBC, for example). Statements from smaller, local banks on other countries are less likely to be accepted.

It is very common not to be asked for POF. I believe the immigration officers only ask a small selection as a spotcheck to deter people entering without sufficient funding.


In answer to your other post, yes, you can "risk it" and it is likely that you will not be asked for POF. But if you are one of the people asked, then you can be denied entry, and if you are not able to enter Canada without a visitor visa you will have no choice but to travel back to your own country. Not a risk worth taking IMO

Wayne.

 

[qorax]

Because at the time of application CIC simply want to know that the funding level is there. Some visa offices (particularly London, UK) will even accept equity in property as proof of funds at the application stage with no cash proof at all.

However, this is different to proof of funding at time of landing - when the requirement is that these funds will be readily available to the immigrant from the outset. CIC doesn't want funding tied up in non-easily transferable currency overseas and risk the immigrant being a drain on social services whilst they look for work in Canada. This is why they ask the funding is in an easily-transferrable currency - preferably CAD, but GBP, USD or Euro are also acceptable.

Bank statements from non-Canadian banks are usually accepted IF the balance is in one of these four currencies, and this is a major international bank (HSBC, for example). Statements from smaller, local banks on other countries are less likely to be accepted.

It is very common not to be asked for POF. I believe the immigration officers only ask a small selection as a spotcheck to deter people entering without sufficient funding.


In answer to your other post, yes, you can "risk it" and it is likely that you will not be asked for POF. But if you are one of the people asked, then you can be denied entry, and if you are not able to enter Canada without a visitor visa you will have no choice but to travel back to your own country. Not a risk worth taking IMO

Wayne.

Very well explained Wayne. Rated u one up.

 

[scorpion_ca]

I know applicant shouldn't take any risk after waiting a long time for PR. There are many things that can be happened. But was there anyone denied to enter in Canada due to POF? Do you personally know anyone? I prefer true real life experience instead of assumption such as risk it or can be denied entry. Thanks!

In answer to your other post, yes, you can "risk it" and it is likely that you will not be asked for POF. But if you are one of the people asked, then you can be denied entry, and if you are not able to enter Canada without a visitor visa you will have no choice but to travel back to your own country. Not a risk worth taking IMO

Wayne.

 

[Karwa Sach]

I know applicant shouldn't take any risk after waiting a long time for PR. There are many things that can be happened. But was there anyone denied to enter in Canada due to POF? Do you personally know anyone? I prefer true real life experience instead of assumption such as risk it or can be denied entry. Thanks!

I know one person who did not have sufficient funds upon entry.he just had the bank statement and he was given 5 or 6 working days to transfer/show funds.but it was a long ago so i dont know the current criteria

 

[mr_rana]

Is it really ture that one doesn't need PRC application at POE?
If so, when it's done?

 

[dubaiite]

Is it really ture that one doesn't need PRC application at POE?
If so, when it's done?

It will be done automatically by Immigration officer upon Landing

 

[mr_rana]

@dubaiite....many thanks!

 

[Vitalia]

Dear Everyone,

I'm new in this forum and just wanted to know the following
I will apply as FSW in May, I'm interested to know do I have to have the bank statement as POF for a period of time before I apply?
If that's the case, please let me know for how long?
I've read the official sites for immigration to Canada and could not find this information.

Thanks in advance.

 

[Cappuccino]

I know applicant shouldn't take any risk after waiting a long time for PR. There are many things that can be happened. But was there anyone denied to enter in Canada due to POF? Do you personally know anyone? I prefer true real life experience instead of assumption such as risk it or can be denied entry. Thanks!

I don't personally know anyone - but you are just as capable of trawling through Google trying to find real life examples and I am, with respect. Happy hunting

Wayne.

 

[mic_silas]

@Cappucino and Qorax...tanks for the comment. Can you confirm if bank statement of Standard Chartered bank will be accepted.

 

[Cappuccino]

@ Cappucino and Qorax...tanks for the comment. Can you confirm if bank statement of Standard Chartered bank will be accepted.

If this is Standard Chartered PLC, then it is listed on the London stock exchange and is in the FTSE 100 Index, and does seem to be internationally recognized.

In which currency is the account?

Wayne.

 

[shibu]

Dear sir


I have approx. $2000 CAD In cash which was gifted to me by my In laws Can i declare them as proof of funds?I am getting DD of Forex made from ING Vyasa Bank Which is an indian bank.Will there be any problem to declare it as proof of funds? How much cash we can take with us (we are family of four).

Thanks

 

[Matar]

One question:
I am planning to land for the first time as FSW (me+ wife+ 2 child), but for a while (3 weeks) then fly back to the residence country (KSA) for one year and then return back to Canada for good. Should I carry the full POF with me for the first landing??

 

[mitali]

One question:
I am planning to land for the first time as FSW (me+ wife+ 2 child), but for a while (3 weeks) then fly back to the residence country (KSA) for one year and then return back to Canada for good. Should I carry the full POF with me for the first landing??

Yes, you must.....that is the REQUIREMENT.

Mitali

 

[obaied]

Hi,all forum members,
i am new here, am going to apply this year in FSW .

can any one pl help regrading POF.

My wife will be a PA and we r going to show my Account which is my trading firm account (on my name) as a POF.

now my question? is can i show this acnt as a POF?

need help from expert/seniors member