Avoid These Proof of Funds Bank Statement Errors When Applying For Your Canada Study Visa
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- čas přidán 7. 07. 2024
- This video breaks down 9 of the TOP proof of funds and bank statement mistakes that you could make that could get your visas are refused by embassies in most developed countries including Canada and the USA.
Please avoid these errors to avoid your visas being refused
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Disclaimer: Any information shared on this channel are personal opinions and other peoples experiences and are NOT to be taken as legal or professional immigration advice. Do your due diligence. My opinion about these tips are also based on mine and other people's opinion and cannot be attributed to official sources. Please do not treat such as professional advice. - Jak na to + styl
Thanks! Seyi Obasi for the information.
Thank you for sharing this useful information!
You are the best person ever who vividly explained , good job and God bless you.
Thanks and welcome
Madam,you have simply cleared all my doubts on issues bordering on POF. Thumbs up for you,you have presented all your points perfectly,thanks for this.
It's my pleasure
Thanks for this useful information.
Thank you for this information . God bless you Ma
You're most welcome
Great work 👍
Thanks for the vital information
Madam Seyi, you are doing great. Thanks so much ma.
You are most welcome
Thank you for the enlightenment Ma 😍
You are so welcome
Very true I loved your channel am new subscriber
You are 2nd person I have seen who says truth
Thanks for the sub and trust
Very insightful tips. Please can one use Mpower Financing loan as proof of funds for Canada study permit application?
This video was very valuable and strong msg for dos that want to apply right now as for me have made one of the mistakes already and am refused 😭 😭 all my money done go😢. .thank you for this information ma. More wins fou ijn🙏
Glad it was helpful! And no worries - at least you have learned from your mistake
Thank you for the information ma'am ❤
My pleasure 😊
Thanks for sharing
Thanks for watching!
Good afternoon Seyi, love the details your provide on your videos. Thanks a lot. Have a question pls, how safe is it to use Joint Account for proof of fund in Canadian study permit application. The money is a contribution from both my salary account and our business account managed by my wife.
How is it a joint account? account owned by you and your spouse? If so yes - can be used
Thanks for sharing…
Thanks for watching!
Hi Seyi😊thanks very much for sharing this information. Please can i use my sister’s bank statement as proof of fund
Yes you can as long as it meets all the requirements!
Thank very much. Can you work on bank statement for visitors visa
Thank you for these wonderful tips. Is the bank statement issue about sponsorship same as for the visitor visa applications?
yes
First comment n student of Jakpa system
Thanks for sharing
awesome
What can I show as invoice when my business does not have invoice or anything related.
Pls ma
I have my dad bank statement from June -October
I registered his CAC November
Nd now my agent is telling me I can’t use the proof of funds for October until I print the November banks statement.. Now my questions is can I use the October bank statement??
wao... the blurry aspect was the issue i had and i was not available to provide MBS as at when it was requested for.
oh, am so sorry
Thanks so much
You're welcome!
Am using joint account ( my self and husband) for my SOWP, hope it's good to go Sis ?
Thanks for the helpful tips Madam Seyi. Is it mandatory to provide one's personal bank statment if one is using an international student loan to apply for study permit? Tnx
Yes, correct. student loand usually covers just tuition
Please I do turnover of 5 million naira monthly and most time 3 million is that enough for sufficient businesses account. And my business is registered with CAC/
In terms of being sponsored by your office especially government organisation
not following sorry
Hello , is it okay to present a bank statement for student visa application if the document is dated 2 weeks ago i.e bank statement was gotten 2 weeks ago
yes you can as long as its less than one month
Thank you ma for this insightful video. Please i want to ask, my sponsor's account is a current account which usually the closing balance might not be up to $20,000 but the total monthly transaction is over $20,000. Can I use the bank statement?
Your sponsr should send you the amount you need to your own bank account or should have the amount you need steadily in the account
Thanks so much for this ma, please ma my question now Is my uncle will be sponsoring my study, can he use his business bank statement to sponsor me,he is the sole signatory to the account , the business has CAC certificates,tax clearance certificate and i have his ID card and birth certificate that matches with my mom as a proof of relationship but can't find any pictures of them together because I have lost my mum long time ago.i hope i can use him ma.
Secondly ma, can i apply together with my kids with this sponsored account, this account has more than enough to sponsor us ma.
Thanks so much your response means a lot to me ma.
What if that my uncle that want the sponsored me does not have a international passport?
Use what he has. He must have an ID
what if, a person used an actual bank statement, in spite, the persons receives a procedural fairness letter and it resulted in 5 years banned,
What should a person do in such case?
The person should have donw what you are asking before the ban. For now the person should wait out the ban
Thanks for these great info. Plz for the Visiting Visa, can someone use one of these agents and still b granted visa? Since they gonna make use of their own bank statement for d applicant.
Last question plz, how long does it taks to receive a decision on visitor's visa after submitting Biometrics?? Thanks ma'am
I cannot conform what will heppen if you are using proof of funds that you dont know the origin. Getting a response for a visa application depends on the processing time. Just google "visa processing time Canada' and you will get the informnation
@@SeyiObasiCanada Okay thanks a lot ma
My husband is my sponsor and the money he would be supporting me with is in our joint account which I'm also a signatory to. He has a business that has been operating successful for over 20 years
The money that enters our joint account is usually a huge money and that's a trend. Sometimes he transfers it from his business account to the joint account.My question is, is bringing business documents including contact letters, invoices etc, to proof that the money is from a genuine source enough or should I write to explain where the money is coming from? Thank u very much! I have been watching ur video and must say they are all detailed.
you should do both - explain and use the documents
@@SeyiObasiCanada Thank u!
What if I am using my sponsor’s campany bank statement and I attach our relationship (birth certificate,his id,photos,etc) and I also attach campany registration and other plots will that be okay?or it’s not advisable to use campany bank statements? Any other documents need to justify that?Thank you !!
If that is what you have you can use it of course
Thanks a
Welcome
The pay slip you are submitting is for how long please? 1year, 6 months, 4months ?
6 months
How do you explain the money please. Is it as narration or writing it in a paper.
explain in your 'letter of explanation'
Please ma concerning the living expenses of 20k cad ,should it be in my sponsors account or the applicants account
betetr to be in the applicants account
Hello madam I'm a huge fan of you're Channel I've got a question for you please
I am a business man in Nigeria I use my various private wallet like palm pay and moniepoint apps for business and don't store my money fully in my savings account in my bank I just opened it 3 months ago and now I'm applying for a visitor visa with it I attached my online bank statements and 3 months savings statements do I stand a chance ?
I dont know. A visa offier will review your apoplication and all the best
Work and study visa steps
When can a sponsor send money to your bank account... Is it every month to show their commitment to supporting you or 3 months before your visa appointment?
theere are lots of different situations - not every month for sure - the timing does not really matter as long as the funds are verifiable and the source is shown
Thank you Madam Seyi. My question is, i blood brother is my sponsor and has helped paid my 1st semester tuition in full. Is there need for him to still deposit fund into my account as he is still going to show huge fund from his account as the sole sponsor. And i also have little fund in my account to show. Thank you
he is your brother - he should have no problem sending the money to you own account
Thank you
Great video ma. An applicant with commerical bank who got credited from a Microfinance bank for sales of land and properties. Is the proof of fund valid for visa application...
A microfinance bank bought his land?
@@SeyiObasiCanada The buyer of the land uses a microfinance bank and transferred it to my commercial bank account
Greetings. I just came across your video.
I'm just scared to see this video. My wife was admitted to one of the schools in canada. She met one of her old time friend that wants to help her build her POF. They agreed that my wife would open a new bank account with her name, and also, the man's name would be there, but that wife's name will show she is the owner of the account, "something like a joint account" the man will be the person handling the inflow of money in there.
I'm asking, is this a green flag or a red flag?
so why would you wife have a joint account with a 3rd party? If you can eplain that and explain the source of the funds - yiu are good
How much should someone have in his account to be considered?
Calculate what covers your tuition and living expenses
If I get a loan to complete my pof can I use a narration to explain
yes
But can you use morethan one bank statement to submit fir your visa
of course
My question is if u pay ur tuition fees before waiting for ur visa...is there a possibility that u can be denied the visa?.
Will there be a refund? In case u are denied visa?
Refunds are based on the refund policy of the school, Paying tuition alone will not determine visa approval. its the totality of your application that matters
Hello if you are on scholarship do you need to bank statement
yes
Good day ma,
Which bank statement is adviseable for my sponsor to use business account or private account?
private
@@SeyiObasiCanada what if I send my funds from my business account to personal account, how will I explain it
Thanks for the information. I want to ask a question, have already used an agent for the study visa before but i was refused. Can i still use the Japa system. Hope the information won't contradict if i use the japa system
Yes you can
Do I just go ahead and create account on IRCC why my application is still in process?
what account?
@@SeyiObasiCanada IRCC
Because I applied to my school directly before getting to know about IRCC but again I don’t know how to create an account. I’ve tried to figure that out but stuck
Thanks so much Seyi for this video and many more that i have been privileged to watch. They are really helpful. God bless and prosper the works of your hand. i have a question but want to private chat u on it
Glad it was helpful-my email is in the description
Awesome content, you've gain a subscriber 😊😊❤❤
Young Bill Gates here 😊😊❤❤
Welcome aboard!
Hi can i use investment statements as pof?
yes with clear proof of the source of the funds
@@SeyiObasiCanadathank you
Can your employer be used as a sponsor?
yes - as long as all the documents and rationale are there
If some proof of funds documents can't fit in the designated section, is it acceptable to include them under the client information section?
Yes
Can I use my company bank account for POF?
I mean the registered company is mine and it has a bank account account.
you can - there should be evidence that this money will be available for study
What can I present as evidence to proof that funds will be available for studies?
If am submitting My Bank statement of 4 months, should my payslips be 4 months aswell or 6 months?
Thanks
I came across your youtube channel@seyiobasi.. today and quickly subscribed after noticing how detailed and sincere you are. I am above 50yrs and would like to japa to Canada. Pls, avail me the opportunity to private chart with you one on one. Please!! God bless you for all you do. Thank you
You can send me a message - check out canadajapasystem.com/
Madam Seyi thanks so much for this. I really need a Job with accomodation and visa free in Canada. Pls how possible is this ? Kindly talk about it and also I would really appreciate if you can assist me on this. Of I can get your WhatsApp number to chat with this would be better. Thanks Comfort.
I dont know about those jobs am sorry
Thanks for sharing
Thanks for watching!
Please I do turnover of 5 million naira monthly and most time 3 million is that enough for sufficient businesses account. And my business is registered with CAC/
There is no set amount for a business turnover so its fine
@@user-zj8is6bj4g whats your total amount u intend for proof of fund ?