How to Do Transactions/keep Bank Statement for Visas

[The Legend]

Hi guys!

- how do you keep bank statement for lets say student visa? the period mentioned for student visa bank statement for canada is 4/6 months right? so lets say you are required to show that you have access to the amount lets say 20,000 Dollars, how do you keep bank statement for that required amount? is it required to keep 20,000 dollars in you account continuously for 4/6 months or can you do normal transactions and at the end of 4/6 months period you can add money to make it 20,000 dollars just to show that you have access to this amount?. what happens if during 6/4 months of bank statement keeping time you empty your account for few days or weeks? does drawing and depositing money from you account completely or partially during the 4/6 months period of time have an affect on your bank statement that you intend to use for student visa? or is it required that your account must show 20,000 all the time for 4/6 months?

- if 20000 dollars is requirement so should bank statement show 20,000 when you apply for the visa or the transaction alone of lets say 5000 dollars a month of deposit and withdraw is enough to state that the person earns or has enough money to have access to 20,000 dollars.

I dont know if you guys understand what i am saying so kindly do ask if you dont, i will explain more. thanks in advance.

[neoseal]

You mean to ask if you need to keep the money in the account continuously or you can use it?

The main thing CIC will look for is that you have access to real money and not borrowed money just to show balance. You can even get a short term fix deposit and show that the fix will mature when you are ready to pay fees, you can use the money on a daily basis but your average balance must be equivalent to their requirement. Who keeps $20000 in an account just like that?
Someone with recent student visa experience may be able to help further.

[The Legend]

You mean to ask if you need to keep the money in the account continuously or you can use it?

The main thing CIC will look for is that you have access to real money and not borrowed money just to show balance. You can even get a short term fix deposit and show that the fix will mature when you are ready to pay fees, you can use the money on a daily basis but your average balance must be equivalent to their requirement. Who keeps $20000 in an account just like that?
Someone with recent student visa experience may be able to help further.

yes then how does one maintain his/her bank statement? i am confused how to make transactions. if i make my balance 20,000 by adding money to my current balance in the last few days or a month before six months period is completed they will object that i borrowed money or will ask where the money came from? so should the balance show 20,000 constantly during 4/6 months time? how do people normally keep bank statements for visas?

[neoseal]

Are you borrowing money to go to Canada or you have your own money. If you have your own money then it may be invested in fix deposits, shares, bonds etc. That you can show.
Regarding bank statements, if you have money in bank account you can use it on daily basis and depending on your bank you will get monthly statement. you submit 6 months statement. Lets say you are applying in next Jan 2014, so you will need bank statements from July 2013. You have $20000 in your account, you just use it on daily basis, you are not going to use all 20000 in one go, you use it pay some back into the account, in short average balance should be what you require to show.
You cannot just go into the bank in December 2013 and deposit $20000 to show the fund without backing its source. Lets say you have money invested in shares that you sell in December 2013 and deposit $20000 in one go will do as you can show the proof that its from sale of shares.

[The Legend]

20,000 is a big amount i cant fix it for 6 months. normally some period of time account will show 3000 dollors sometimes 10,000,sometimes 5. having access to 20,000 dollars is not the problem, fixing/keeping it for 6 months is the problem. and of course I can make the balance go 20,000 in the last month. but my question is whether it will be valid? i cant show them proof how it became 20,000 suddenly in the last month.. thanks for helping bro. waiting for other replies, seems like this section is down/slow.

[The Legend]

no answer?

[neoseal]

[quote=" i cant show them proof how it became 20,000 suddenly in the last month.. thanks for helping bro. waiting for other replies, seems like this section is down/slow.[/quote]

You can show funds as you like, just be prepared to answer the queries they may raise. If you are lucky, they may not raise any queries.

[The Legend]

you mean it is accepted if i deposit large amount in the last month or so of 6 months bank statement time period? providing proof is one thing explaining it is another, i think i can explain to them but i am not sure if they (visa officers) accept transaction this way.