5 Common Mistakes to Avoid with your Proof of Funds for Study Permit Application

Рет қаралды 84,999

Күн бұрын

If you're planning to study abroad, one of the most important things you'll need to do is provide proof of funds to support your education and living expenses. However, many students make common mistakes that can lead to their study permit application being rejected. In this video, we'll discuss the top five mistakes to avoid when submitting your proof of funds.
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Пікірлер: 370

@bwbfxfinance Жыл бұрын

Wow, thank you, Flo this information has been helpful.

@mercyEnang-ml1yv Жыл бұрын

Thanks for this helpful information

@ngumfaith5310 Жыл бұрын

Hi Florence thank you very much for the video. My first time watching ur video and it's so amazing

@Iam_christova 8 ай бұрын

Thanks for sharing. So detailed

@infoplacecanada 7 ай бұрын

Glad it was helpful!

@user-qw1ug6bv5b 4 ай бұрын

Thank you so much for this info.❤

@user-on1yr6dt7q 9 ай бұрын

I love your explanations.Keep it up.

@infoplacecanada 9 ай бұрын

Glad you like them!

@user-iu3vt2iy6c 5 ай бұрын

Great content, very informative

@PrettyEdnacious Жыл бұрын

Am a new follower and this right here is well detailed and articulated. I sent a mail as I would be needing your services

@annajewelle 11 ай бұрын

This was so comprehensive. Thank you!

@infoplacecanada 10 ай бұрын

Glad it was helpful!

@roseedoho1459 Жыл бұрын

Great information there 👍 Thank you 💪

@infoplacecanada Жыл бұрын

Glad it was helpful!

@lucywryt5865 Жыл бұрын

U are just on point ❤

@maryemmanuela5152 Жыл бұрын

Thank you ma for this information

@motivationalpower27 Жыл бұрын

Quite interesting, thank you so much... But I would love to know how to apply for study and work permit together for a co-op program.

@MichaelOnonye Жыл бұрын

A very clear breakdown, thank you so much for the information, I hope to make things right, I have had two refusal based on funding

@infoplacecanada Жыл бұрын

You got this!

@okosunmairoejiya5472 Жыл бұрын

@@infoplacecanada Ma, how can i reach out to u

@ismailabubakari9530 Жыл бұрын

@user-yl7qs6cm9n 10 ай бұрын

Great thank for this video 🙏 I wonder whether you may make another video showing us how to arrange bank statement and it's supporting documents in one fille addressing what to come first, second, and how to move on from one document to another in logical way. Have a great day!

@royalbrenda4557 Жыл бұрын

AWESOME explanation

@infoplacecanada Жыл бұрын

Thank you for watching

@sokaynabellam7643 Жыл бұрын

Thank you for these explanations. I would like to know more about the business visitor visa. Knowing that the host will be in charge of all expenses during the visit, what kind of proof is required in addition to the invitation letter. Thank you in advance.

@foffiefrancis Жыл бұрын

Thank you very much.

@infoplacecanada Жыл бұрын

You are welcome!

@IjeomaAdakuOkey Жыл бұрын

First time watching you and I love you video.

@infoplacecanada Жыл бұрын

Thank you for watching 😊

@sportingarenatv7495 Жыл бұрын

THANK YOU MA GREAT VIDEO REALLY HELPFUL .

@sportingarenatv7495 Жыл бұрын

THANK YOU MA

@Elekande Жыл бұрын

Thanks

@rainymc Жыл бұрын

-proof of funds has to be at least tuition + living expenses + transportation -dont submit fake documents -explain any sus things in your proof of funds like large deposits -make sure that source of funds is clear -make sure you will still have your funds when your study permit gets approved -make your documents easy to read and organised

@dianachatoyan5449 Жыл бұрын

how can youexplain large deposits

@rainymc Жыл бұрын

@@dianachatoyan5449 idk if this is the proper way but I just typed in a google doc a letter explaining stuff like large deposits and uploaded that as a pdf in the client information section… I didnt get a decision yet on my study permit so idk if thats how your supposed to do it edit: i got approved the same day i wrote this reply lmao

@tonysantana2899 Жыл бұрын

@@rainymc that's awesome! Co grtas!!!

@tonysantana2899 Жыл бұрын

@@rainymc where I can get sample for POF?

@rainymc Жыл бұрын

@@tonysantana2899 I am not sure but try searching on youtube. For my proof of funds I put a letter from my parents saying they will pay tuition, first page of bank statements for four months, investment account statement for one month, tax forms, and pay slips for 2-4 months. I combined them into a single pdf in that order

@immaculatedaniels146 Жыл бұрын

Nice work

@susaneniolorunda Жыл бұрын

Goodday, can you highlight more on employer sponsorship? documents and more needed

@Yngbby1 Жыл бұрын

Thanks for sharing

@infoplacecanada Жыл бұрын

Thanks for watching!

@ajayiayomide7737 Жыл бұрын

So detailed

@user-on1yr6dt7q 9 ай бұрын

Thank you.

@infoplacecanada 9 ай бұрын

You're welcome!

@lovehumanitypeace4230 Жыл бұрын

Best advices

@susanmepe4261 Жыл бұрын

Thank you so much..

@infoplacecanada Жыл бұрын

You're most welcome

@mildreddoughan710 Жыл бұрын

is fixed deposit accepted?

@samuelakinlade3919 5 ай бұрын

This is a false information, if you are coming for a two year program.. your total expenses for a year is enough with extra 2000CAD

@eamondash3525 Жыл бұрын

Very apt info. Thanks, Just wanted to ask, can we pay in naira when submitting online study visa application?

@AFRORATING 6 ай бұрын

1. What if I have a high Opening balance in my 6-month bank statement with 95% of the funds needed, is it allowed, do I still have to explain funds in my opening balance. 2. Can I use my KZfaq channel earnings as proof of funds. 3. Can I use my Adsense account as proof of funds, if so, what do I print

@beatricemarenghi4275 Жыл бұрын

Hi, thank you so much for the clear video and explanation!!! But I do have a question. How do you think I should explain my funds? Through a motivation letter?

@infoplacecanada 9 ай бұрын

Yes

@misselli72 Жыл бұрын

How should one go about being self-employed and sponsoring themselves?

@danuclef8031 Жыл бұрын

Nice

@sophiaagbam9582 Жыл бұрын

Thank you very much for the detailed and informative video. Pls I already have a degree and have just been admitted into a college in Canada related to my 8yrs of work. I would like to go with my spouse and family. It is okay to go with my family eventhough it is a diploma course? Also please if my brother is sponsoring my education and I have a joint account with my husband to cater for our living expenses. Is it enough proof of fund? Or i need to get the whole tuition also in my account? Please I would appreciate your response. I have already been refused once. Thank you

@ejikemeonuoha3272 Жыл бұрын

Can i use my retirement savings account for my POF

@obiomamaryjane-ci9mq Жыл бұрын

Hi please can someone use Bank reference letter stating the closing balance? Or it must be statement of account

@TinConnect 5 ай бұрын

Halo Florence I love your videos. On Acceptable type of proof of funds I have cash from our business is cash certificate from registered auditor sufficient to present. Some countries we prefer and work with cash more cause of different reasons and yes we pay taxes and have proof. Just concern on whether IRCC accepts verified cash certificates

@ubanikingsley3649 11 ай бұрын

Thanks for been details in your information very impressive. Pls madam, my question is applying for study permit Canada having a sponsor will I still summit my bank statement ?

@kennypeter4946 Жыл бұрын

I' m a new subbie!Such a helpful and detailed video! I'm using a fixed deposit as proof of funds, cos the truth is I'm a business person, and I make money from different sources plus i also got some of the money overtime as gift, and I don't really have documents to back it up. do I also need to explain how I came about that money? Or what am I supposed to do? Thank you

@infoplacecanada Жыл бұрын

Explaining the source of your funds clearly would be very helpful for the officer

@funfacts_fast Жыл бұрын

How much in CAD terms is considered large deposits?

@patrickugwu1992 Жыл бұрын

Hello Florence, this is insightful. My dad gave me his inherited land as a support for my education. Which was sold and constitute a lump sum for my pof. What documents can I use as a proof for the lump sum. This money has been deposited for 3 weeks now.

@raphaelegbetuyi9464 Жыл бұрын

Good day Florence, thank you for the very detailed video, it is quiet apt. My question, I learnt the minimum duration of bank statement that can be presented is 4 months. I however two accounts; one with only about 2 million and the other with enough funds to cover the entire duration of my 4 year program. The second account with the bulk sum was opened less than a month ago, and I cannot move the funds to my other account. Is there a way to present both statements?

@samuelakinlade3919 5 ай бұрын

At least four months in one active account

@engrprincecliffordujah1005 Жыл бұрын

Thanks for this good work, My law doing business wants to sponsor me how do I explain it to ircc

@busolaoyesola3364 Жыл бұрын

Thanks you for the info. For PhD, do you need the 4/5 years tuition upfront and the Settlement funds for those years too upfront? Thanks

@bashirmuhdyusuf8821 Жыл бұрын

I need answer to this aswel

@oshevireroland1100 Жыл бұрын

Hi, very detailed and quality video. please i want to know how long the amount needs to be in the account before applying. for instance an account used for business with several in and outs but has about 12 million stable in the account for less than two months but more than 1 month, or does the amount "12 million" have to be in the account for 4 to 6 months? in this case 20,000 CAD is needed as requirement. regards

@michellesharon8078 Жыл бұрын

Drop your what'sApp digits for further information or clarifications.

@davidlord5967 Жыл бұрын

Hello Mrs, thanks for all you do, please I want to confirm if it's possible to travel to Canada with a job offer without Limia, and what are the requirements. Thanks

@paulnkem2583 Жыл бұрын

Please kindly help us with video on Spornorship work visa

@olawaledavid8704 Жыл бұрын

God bless you ma. Please what if I'm using a loan for my school fee and my Aunt to sponsor my study. What are my chances

@griffithstravellifestyle Жыл бұрын

if a loan is used, how can I explain it to ircc ?

@user-gk5hz7up3l Жыл бұрын

Hello Florence, please how long do you advise gift deed staying in an account before printing bank statement. Do you think 4 days to 1 week is adequate? Thank you in advance for your response

@nathanvenn7626 Жыл бұрын

My mother in-law agreed to use her business account which runs millions to Sponsor my wife as main applicant and myself as the dependent for my wife, currently she left 15m in her account for our POF. My question is, can she be my wife's Sponsor and myself too?

@anthonyjohn6380 Жыл бұрын

I got got admission with 2 universities; university of manitoba , Canada and Missouri university in the US with $15k scholarship, but providing bank statement for sponsorship has been my issue. So confused right now.

@jabarisoul_rebel9723 Жыл бұрын

Must the money be resting in your account, or there is a way of notifying consistencies in your account?

@olawumiolayinka3764 Жыл бұрын

For a year 2 year program , is tuition for 1 year be enough pof ?

@itunumore4412 Жыл бұрын

Can one submit two bank statements please, one from the spouse and the other from our joint account? 11:55

@marybellfrank9671 Жыл бұрын

Thank you so much ma, pls ma if my inlaw will be be my sponsor my pof should it be in my account or in my sponsor account thank you.

@IniobongObot-fc5dl 5 ай бұрын

Wow! Akpan? Im lucky! Good morning, Ma.

@infoplacecanada 5 ай бұрын

Yes, you are 😊

@siphiwehlabano3272 Жыл бұрын

If an employer is sponsoring, does the applicant need to submit their personal bank statement?

@lindaokpanachi2466 Жыл бұрын

Good day ma, thank you for this. I have question. My savings and that of my spouse are in a separate account in my spouse's name. He wants to move the lump sum to my account before I make an application for study visa. Will this be a bad idea even though its coming from the savings account in his name. I am asking this just so that they dot think we moved the funds just for the visa purpose

@abbeysgistrufai9188 8 ай бұрын

Nice video,I have a question At the point of entry,can I still present my sponsor account that I used for my visa application and also should I print it out…cos a friend told me that,the POF must be in my account. Thank you

@silverifybrandexportandimportv Жыл бұрын

my husband is my spouse and business man and his concern is the outflow and inflow of the fund,so my question is after printing out the statement of account, can the inflow and outflow of this funds important or is it a red flag touching it untill 3-6month? i will appreciate your respond.

@senboyetofunmi2625 Жыл бұрын

Please ma for undergrad admission, for Nigeria student entry do i need IELTS

@luciapaye-layleh4070 Жыл бұрын

Hello, is it a problem if your bank statement has only cash deposits? I want to use a savings account that has only deposits, no withdrawals.

@elvisokochi2206 Жыл бұрын

Thank you Ma’am for this very detailed information, my question is do you need to write another letter different from your sop to explain how funds got into your account and also if your in-law is sponsoring, can his own account statement be presented or does he have to deposit the money to my acct

@queenanyanwu223 Жыл бұрын

Cana sibling residing outside Nigeria sponsor me?

@frankbaidoo837 Жыл бұрын

Madam thanks for your information but talking about sponsorship from the bank, will the embassy accept only a letter from the bank indicating they will give funds for my study or they will want to see the funds from the bank in your account

@esteeolenna Жыл бұрын

thanks for this, so valuable please if i study with student loan does it make me ineligible for pgwp in Canada

@infoplacecanada Жыл бұрын

No, it does not

@ManlikePeter Жыл бұрын

Please the account statement of my sponsor should it be 4 or 6months ?

@mbahblaise4833 Жыл бұрын

Hello madam Do they accept credit union savings as proof of funds

@AdeyemoKR 11 ай бұрын

What an informative video, thanks for sharing this, a question pls,. As a single applicant who is going for a year program and first semester fees is paid, can I just put the sitting funds there ?

@infoplacecanada 10 ай бұрын

You should show funds that covers your total cost, which will include the fees paid.

@atselefuntemitope6179 8 ай бұрын

Will changing my course after denial twice affect my visa evaluation? I want to change from a 2 year course to a one year course in the same dli institution

@mohamedelsaid6183 Жыл бұрын

Hello. Actually i have a question, if u have information about it . . In the case of that a person has a conical cornea in one eye that makes vision impossible, and he does not have infectious diseases, and his blood tests are normal, can he be rejected in the medical examination for immigrants? Thanks

@joyegbunu6333 8 ай бұрын

This is very detailed. Thank you. Please can a close friend sponsor me for study permit?

@sulaimanabdulrafiu3713 9 ай бұрын

Thank you for the great presentation. From my experience, what brought about the poor quality of the documents was the restriction that the documents should not be more than 4MB, and during the process of compressing the documents thereby reducing the quality. Also, I believe that they have an app to enlarge the document. Please, what is the way out of the situation? Thank you

@FullTimeChildofGod 9 ай бұрын

Get all your documents on word. Then export as pdf. It reduces the size. You can then reduce further with any of those softwares like smallpdf

@victorisijola6710 Жыл бұрын

A STUDENT STUDYING IN A PRIVATE COLLEGE IN CANADA CAN HE/HER BE GIVEN A STUDY PERMITE WHILE STUDYING?

@kingslyozoemena6730 Жыл бұрын

You made an error by adding the 20k + the initial 10 k minimum that was from the 20k tution fees, so I believe it should be 20k +2k =22k.... Also I wish to ask pls ma, is it a must to have tution fee for the complete 2 years program,what of if I have paid first semester and have the second semester fees on my account with my expenses, also on study leave from my account which I would fund my second year school fees from there, does that work ?

@pocglobal Жыл бұрын

Do i need to transfer the fund in my spouse account to my personal account?

@folsabi9919 Ай бұрын

Hi is it possible to use only my investment funds as proof of funds without sending in my personal bank statements?

@solomonuchennamadubuike1983 Жыл бұрын

Thanks much this expository video. Please I obtained a student loan for my post graduate studies in Canada, do I need to join it in calculating my proof of fund? Also, do I need to explain the repayment the loan to the visa officer from from proof of fund?

@ikokoblessing967 8 ай бұрын

Please, how did you go about it?

@patiencenwokohuo4641 9 ай бұрын

Thank you so much for this insight and clarity. However, you mentioned just tuition and transportation cost as your examples and left out living expenses. How does a prospective international student who doesn't have an idea of what the cost of living expenses could be calculate this? Kindly respond as this will support my explanation in my POF. Thank you

@infoplacecanada 8 ай бұрын

This IRCC website provides a minimum required amount at $10,000 per year . Some schools will provide you living expense for their specific city as well

@patiencenwokohuo4641 8 ай бұрын

@@infoplacecanadaThank you so much for this.

@amolesharafdeen904 2 ай бұрын

If the study is sponsored by loan, what are the documents needed to support the loan.

@user-bl3tc9sn3d Жыл бұрын

I have uploaded the fee receipt but they send a e mail to me saying I didn’t submit it. They rejected my application. Can’t contact a real person over the phone no office I can go to , don’t know what to do now , somebody help 🙏

@user-kk7bi9rg9c 5 ай бұрын

What about your pastor, family friends, or your mentor

@nedlalley6314 3 ай бұрын

You use 1 134 or i 1864 for student visa?

@okosunmairoejiya5472 Жыл бұрын

Ma, can i use my uncle inlaw as sponsor and my husband as co sponsor?

@Kliint. Жыл бұрын

Thanks for sharing this info - If you can please clarify on this : My sister is fresh out of NYSC with no previous work history so obviously cannot use her bank statement as proof, however I would like to be her sponsor, do I need to provide my statement and other supporting documents or just transfer the funds to her account ( then it will be a large deposit) - please clarify.

@maryndupu 3 ай бұрын

Hello, please I need this question answered

@zubairabubakar2230 9 ай бұрын

Good morning Florence can multiple sponsor be a problem. Example spouse and close relative jointly sponsorship

@infoplacecanada 9 ай бұрын

We have had clients use multiple sponsors. It really all have to make sense and be realistic enough to convince the officer they will truly sponsor you

@temitayoabraham4863 Жыл бұрын

Can someone use an uncle company account as a proof of fund?

@gn1495 6 ай бұрын

Even after the result they keep verifying ur bank situation?

@osawaruorobosa8366 Жыл бұрын

Good day ma'am. I have few questions to ask. In the form ' Application of Study permit from outside Canada ' where I am asked to fill the cost of my studies, should I fill the tuition for a year or the total duration of my studies? If my maternal uncle is my sponsor and I am to fill the tuition for the the total duration of my studies which is $39000 and other expenses as specified in my Letter of acceptance which is $7800, is $48500 enough for the the proof of funds?

@grentel_mediacomedy6679 Жыл бұрын

This looks like western university

@lizpacana79 8 ай бұрын

Hi Florence, I am planning to buy GIC for my pof in regular stream for may student visa application. Do i need to declare where the funds came from? Thank you. By the way i really love your explanation regarding pof. ❤

@infoplacecanada 8 ай бұрын

The source of funds is always important. Please ensure it is included an explained.

@aria_ish119 9 ай бұрын

Can I submit a letter from my bank?

@bolajibolarinwa8378 Жыл бұрын

Hello, please to calculate POF. For an account in NGN, what rate should be used in the calculation. Thank you

@infoplacecanada Жыл бұрын

Official rate

@chris_john Жыл бұрын

Can one have 2 sponsors

@hamidabdanan7795 Жыл бұрын

Excellent video. I live in USA and planning on supporting my niece while studying in Canada. Beside a letter of support, what else do I have to provide? Banks statements, stocks, bond?

@infoplacecanada Жыл бұрын

Proof of relationship, your source of income , letter of support . All the best to your niece

@infoplacecanada Жыл бұрын

That's all in addition to the financial documents

@wilson5143 Жыл бұрын

Can’t someone who’s not my relative sponsor me

@taniadekoya4171 Жыл бұрын

Please I need your advise on what steps to take concerning my student visa. my study permit application has been approved for a 2 years course. While waiting for the approval I had to defer the admission from January intake 2023 to September intake 2023 . I submitted my passport for stamping and discovered that the visa expiry date is reading 30/3/2023 and my passport will expire by 2027 My program starts in 5 months time now I am supposed to land in Canada on or before 30/3/2023? I am to apply for extension or what exactly I am supposed to do?

@olabodeigbayilola Жыл бұрын

I think you should enter Canada with your visa and present your new letter of acceptance to the border officer who would grant you the study permit based on your new letter of acceptance.