When is bank statement mandatory? Asivad & other seniors!

[mithunio]

Should I submit bank statement even if I provide financial letter from my bank with details such as last six months average and current balance? Experts please help!

 

[seemalz]

Yes, the more information they have the better it is. TD bank provided me with one page showing my accounts and everything but I still submitted my last 6months bank statements. The ones that can be downloaded from your online account in pdf.

 

[mithunio]

Thanks, Seemalz!

 

[Asivad Anac]

Should I submit bank statement even if I provide financial letter from my bank with details such as last six months average and current balance? Experts please help!

CIC doesn't ask for bank statements upfront. Just 6 months average balance. The purpose of asking 6 months average balance is to identify if there are any indications of borrowed funds. Submitting bank statements is an alternative means of proving that there are no borrowed funds - definitely not mandatory submissions.

 

[mithunio]

Great, that's my doubt. I needed to know if submitting bank statements is mandatory. Now I'm clear. Thank you so much, Asivad!

 

[vivekforbes]

What if igradually increase my fund? Let's say I have 3000$,but I can save upto 12500$ in end of March. However, when I show bank balance for six months it won't show that I kep required fund for six months right. My funds solely from my salary, bonus, tax returns. Is that ok?

 

[Asivad Anac]

What if igradually increase my fund? Let's say I have 3000$,but I can save upto 12500$ in end of March. However, when I show bank balance for six months it won't show that I kep required fund for six months right. My funds solely from my salary, bonus, tax returns. Is that ok?

This is fine. Funds need not be in your account for 6 months.

 

[Asivad Anac]

Asivad Anac, hope you can help me in this.
With my husband we have a Canadian bank account with sufficient funds for 2 people. We also have a car loan in another bank. However, if I subtract my car loan from the money I have on my bank account, the balance is less than required.
The question is should I upload letters from both banks? How my car loan will affect my funds?
Thanks a lot in advance!

Answered elsewhere.