Hi all, so I am about to submit my express entry application and I am getting the settlement funds via a gift from my father. So I am asking my father to write me a check that I will deposit in my account. The gift deed will reflect that information saying Check #X is being deposited in account #Y.
But if I want to transfer that money into a fixed deposit account, say #Z, will it be a problem since the gift deed will say the amount is deposited onto account#Y but the bank manager's letter will say the amount is in a fixed deposit account #Z.
Can someone please clarify.
If you anyone here has done this before (Gift deed + FIxed deposit) could you please explain your process.
You will need to explain it in your LOE that you had converted the gift into an FD [and attach the FD receipt, along with the bank statement showing bank balance conversion to FD] and why. That's it, it is as simple as that.
