Avoid These Proof of Funds Bank Statement Errors When Applying For Your Canada Study Visa

[Music] foreign how are you future and current Canada International students today I want to talk about something that is very very important and I want you to wait or watch till the end because I'm going to drop a very important information at the end of this video So today we're going to be addressing the nine bank statement mistakes you must avoid with your Canada visa application now one of the most popular reasons why your Canada visa application could be refused is due to proof of funds and a lot of people in order to avoid being refused based on proof of funds and making a lot of mistakes with their bank statements and with their proof of funds and they are getting their applications refused and sometimes they don't even understand what mistakes they are making So today we're going to look at nine of those mistakes and I'm going to tell you how you can avoid making those mistakes so let's go thank you now the number one mistake that a lot of people make now whether the bank statement is yours or maybe it belongs to someone who is yours who is sponsoring you uh maybe a relative or a non-relative it doesn't matter the mistake can be the same whether it's your bank statement or Diaz so the number one mistake people are making is lump sum deposits now a lot of people do not understand why their visas got refused when they had more than enough money in their statement bank or India sponsors bank and they are like I had 60 million there why was my Visa refused it's because the 60 million miraculously appeared in the account from nowhere now a long-sum deposit is an amount of money that you put in your bank or your bank account that is not in line with the previous pattern of a bank statements or the previous pattern of monies you have been depositing in your bank statement on your bank account I'm going to explain further for example if over the last four months you've been putting in like 200 000 maybe in naira or whatever your currency is in your country you're putting like 200 000 you took out 100 you put 500 you took out 50 000 or whatever and then two three four weeks to when you want to print out your statement there's suddenly like five million six million or one other and huge amounts of money and there's no explanation as to where this amount of monies are coming from it is a huge red flag and if you don't tell the Visa officer what the source of that money is they would think that you just put money in your account to just show them that you have money and the monies are not going to be accessible and available to you so in that case a Visa officer will refuse your visa application and that will be sad so you can avoid this by making sure that you're not dumping monies in your account that will look like lump sum deposits and if you cannot avoid dumping money in your account please make sure that you explain the source of this phone so maybe you move money from your business account to your personal account explain what you did and show proof maybe you saw the piece of property show that you did that or maybe you someone gifted you some money then show a gift deed and explain that this money is ah or is a gift from someone but please don't keep quiet and think that the peace officer is slowing the head I would not notice no they are not still in the head they will notice that and they might refuse your application so the number two mistake that I see a lot of people making is that they use a new bank account some people go and open up a new bank account that is maybe four or six months old before they print out the statement and use it for their visa application okay so there's nothing wrong with having a new bank statement or a new bank account but when it comes to your visa application you need to be very careful because why are you opening a new bank statement a lot of people do it because they want to borrow money and the person or the institution that is lending them that money is insisting that this account be open in their own bank on their own institution so that they can monitor it and lock it they're not allowing you to have access to the monies and if you can avoid um opening a new Bank State a new bank account that would be great now don't forget that you need to submit a four to six month bank statement and the reason for this is so that the Visa officer can see the trend of transactions they can see okay this is how monies have been moving in and out of yes accounts or these monies have been consistent for the past four to six months to make them believe that money is accessible and available for your studies in Canada number three mistakes people are making is that they are not showing the source of their funds so some people claim that they are employed they have provided an employment letter probably payslips for they haven't shown the Visa officer at the bank statement where their salaries are being paid I know some of you will say oh but I've supplied them um employment letter now and I supplied um my payslips why do they also want to see uh my bank statement where the monies have been put well I guess it's a level of trust and integrity I mean if you have the if you have the your pay slips and you have your employment letter what stops you from proving that you are actually receiving those monies as salaries if this officer might wonder you have 20 million and you say it's from your personal savings from your salaries but they haven't seen any statement that shows that you have been receiving that salary depending on who the Visa officer is and depending on how much they want to dig in so this officers would want to see a bank statement that shows that you're actually receiving that salary that I have shown them your pay slips for in order not to have your Visa refused because of this please make sure you're including all your employment documents your payslips as well as your salary account the next mistake people make when it comes to bank statements is that they are submitting a personal account that is also a business account let me explain now a lot of people from the country where I am from and other African countries a lot of people start businesses without registering the business which means that the business proceeds are being paid to their personal accounts so even though they are submitting a personal account it is actually a business account but they don't have a registered business so they don't have CSC documents they don't have a business bank statements and a lot of them are wondering is this a business account or is this a personal account it is actually a business account so one way that you can actually show that it is a business account so that you're not either confusing the Visa officer or making them think that you're trying to hide something is to actually own up and say this is a personal account but I use it for business transactions now you can go ahead and show pictures of your business or you can show invoices you can even get reference letters from your customers or your distributors or suppliers or depending on the kind of business you're doing but you need to show evidence that the proceeds in this account actually from a business account because if you're not working that means you don't have an employment letter to show but you're doing business I have nothing to show that you're actually doing a business you have to think of other creative means of showing the Visa officer that you're doing a business and that the moneys in this account are business transactions and that is the way that you can avoid um getting your Visa reviews for that reason another bank statement error or mistake that you must avoid is this one now I don't know why anyone who want to do this but submitting a fake bank statement this one is actually catastrophic because not only can your Visa get refused you can actually be banned from applying to Canada for the next five years so you can get a five-year ban so I absolutely do not recommend that you do this so I agree that some people have been able to use fake band statements in the past and they might be telling you that I works it works I know how to do it I know who do it who can do it for you okay it might work for them but do you have the same luck as them and don't forget that these days a Visa officers can actually call your Banks mother will not call your branch because they know that you have arranged with those branch people and you've arranged with your branch manager and when they call they should say the account is ready they can call the head office and they might have other means of confirming your bank statement as soon as they suspect that it is a fake bank statement and then let me give you one tip do you know that that big bank statement that you are using might be used by other people as well whoever is giving you that bank statement is also giving it to other people so a Visa officer might see it and be like I've seen this bank statement before and by the time they do a little bit of digging if it's a VISA officer that wants to really prove their case they might find that find out that that bank statement has been used before and then they will send you a procedural fairness letter and give you seven days to respond to why you use the bank statement and why they should not refuse your visa and give you a ban if you are someone key you might be banned from Canada you might have get a five-year plan and your credibility will be completely destroyed so please this is one mistake or one error that you should avoid with a long spoon Don't Go Near any fake bank statements make sure that you have a plan for actually working on your proof of funds rather than getting Bank still fake bank statements that can put your immigration status at risk when it comes to Canada now this other mistake that people make a lot is submitting their bank statement with their Visa application but then the bank statement is so blurry that if this officer cannot see anything now I understand that you might have limited space to upload your documents so if your financial documents if you're using the GC key is Just 4 MB and if you're using the newer portal it's just 2mb so a lot of people in a bit to put in their bank statement sometimes might be 80 pages long they will compress and compress and compress something you can't see anything on the bank statements and they go ahead and upload it like that I know some agents will also uploaded a lot without even caring now nobody can see what is on that bank statement as long as a Visa officer cannot see what is on the bank statement they will assume that you intentionally send a blood bank statement because you want you don't want them to see it and they will go ahead and say that you have insufficient funds due to that they will refuse your application so you need to be checking that the bank statement that you are uploading is actually clear and someone can see it and good enough Canada and ircc has started using what is called MBS my bank statement which means that if your bank is eligible they can send the bank statement all the way to rscc without you having to upload anything the only thing that you need to upload is just a one-page PDF that gives rscc um the login details on how to have access to your bank statement so they can see what is in your account so I that is what I would recommend that you use MBS most of the banks in Nigeria and I believe in some other countries are also eligible for this service or this feature and you don't have to start uploading pages and pages and pages of bank statements that can become blurry because you're trying to get Space yeah avoid avoid using a blurry bank statement now one other error a mistake that people use um when they are using a sponsor so this one has to do with using a sponsor now when you use this sponsor the sponsor is either using their personal bank statements or they are using a business bank statement now remember when I talked about us in Africa starting businesses but not having CAC documents your sponsor could also be in that Port as well they have a business but they don't have any documents if you're using a sponsor please make sure it is a sponsor that is actually ready to support you that means they're ready to give you documents like their bank statements they are ready to give you the identification documents and all of that because you need all of that to prove that you have a relationship with this person and that you know the monies that they are sending to you or the monies that they are saying they're sponsoring you with is actually available to you so I'll Circle back to what I mentioned about proving your relationship with your sponsor um so your sponsor Can Have All the Monies and the accounts but if you cannot prove that you have a relationship with them or you cannot prove that that money is accessible to you Visa officers they might refuse your application now how do you do this number one is that you can ask your sponsor whether it's your Uncle Auntie brother's cousin sister to send part of the money that you need to your bank account now this shows the Visa officer that they are actually committed to supporting you in studying in Canada they're not just talking they're actually taking action they should send you some money or part of the money is maybe your living expenses for one year send it to your own bank account or they can help to pay part of your tuition to show that they actually support you now a lot of us wonder how can I show relationship with the person in true in reality they might not be your uncle they are just your uncle in quotes maybe someone from your village or your father's friend or someone like that if they have the same surname as you that's great yeah if it's officer might just see the same surname and believe that they are your uncle but if they don't have the same surname as you and you don't have maybe um birth certificates to show you need to build a photo story yeah show yourself with them um at different stages where you've taken photos with them chat messages have they helped you in the past previous financial help are you connected with them on social media showed that um and also make sure that you're submitting their international passport so when you visit visitor Visa officer looks at the international passport and looks at the pictures that you've submitted is the same person yeah so don't try and do budget trying to give them another uh your pictures with someone else when that is not the person that respond to menu so that is very important because using so if it's officer wants to be sure that that money is actually going to be available to you you have to make sure that you're showing them that that money is available to you so we're actually on number eight so the eighth bank statement error that you must avoid avoid is this one a lot of people actually do it now by the time you submit your application you might have to wait for up to 12 weeks to hear back on a decision that has been made on your application and a lot of people get Restless you know why because the money is not theirs or maybe they want to use the money for business or maybe they have an emergency so they actually want to take out that money that they have shown the Visa officer that's available for your stuff for their studies so the eighth mistake that people make is seen the bank account before a decision is made on their application now you might think that the Visa officer would not be able to know whether you've emptied your bank statement or not you might argue that you cannot keep your life on hold because you are waiting for a Visa decision on your application you might argue that you borrowed the money and the monies that you're paying as interest is too high or that you need this money for business or an emergency I understand all that and they are very they are very valid reasons that you're saying but you have told the Visa officer that that money is available for your study ABI and if a Visa officer goes ahead to confirm or takes a look at your bank statement or calls your bank and ask what is the balance in your account that day and they tell them that the monies are there is like less than maybe more than 75 of what you actually submitted it's a red flag which means that monies are actually not available for you so what you want is for the Visa officer to maybe call and find out that the money there is the same or even more this is even worse if you are submitting an MBS if you are submitting in my bank statement you know the one I talked about where you don't have to scan anything you don't have to upload anything you just send them username and password they are able to enter into your bank statement too don't forget they're able to enter into your bank account and they can see the transactions there you can see the available funds and trust me if you've taken the money out of the account it's a red flag and they are likely to refuse you I know you'll be asking how are you sure that they will check the bank statement are they checking the bank statement of the day you submitted the account or the bank statement that's off now and there are so many questions the thing is that if you said the money is available for you leave it there now until the decision is made on your visa application if you borrow the money beg the people that you need you need that money to actually stay there till the decision is made you don't want to take that risk of a business officer actually checking and seeing that the money is not available they would refuse you for insufficient funds now the ninth but not the least mistake that you must avoid or bank statement mistake that you must avoid with your visa application is not making a plan on time now some of us get our admission letter we have everything but we haven't even started making a plan for proof of funds you need to start making a plan of proof of funds as soon as you make up your mind that you want to come study in Canada as soon as you put in an application for admission you should be working on your proof of funds don't forget that you're submitting a bank statement of four to six months you're not submitting a vaccinator of three months and the reason why is 46 months is that the business I want to see the trend of transactions and be sure that this monies have been available for over the past four months at least so if you don't have a plan or you're waiting till the last minutes for you to work on your proof of funds you might just be in big suit because you might not have enough and a Visa officer might refuse your office education for insufficient funds available for your studies and really you've already gone through all the wahala and Troubles of getting admission and at this last minute your this application is refused so there you have it these are the nine bank statement errors that you should not never be making with your Canada study application um I hope this was very valuable to you if you loved it and you want me to make more of these videos go ahead and leave a comment in the comment section make sure you're clicking the like button and clicking the Subscribe button because this helps the channel a lot and then leave a comment let me know what you want me to talk about in the next video um and I will see you in the next one now one more thing I want to say is that if you need help with processing your Canada study Visa I'm going to leave a link in the description that's going to give you a step-by-step guide and so many people like thousands of people have used the same system and they are successfully in Canada so go ahead check in the description below don't forget to subscribe and like this video I'll talk to you in the next one bye for now

Channel: Seyi Obasi - Canada Study and Work

Views: 12,409

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Id: uxCpkQe_rEg

Length: 19min 59sec (1199 seconds)

Published: Sat Sep 23 2023