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

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.

#studypermitcanada #proofoffunds #internationalstudents

[AFRORATING]

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 YouTube channel earnings as proof of funds.

3. Can I use my Adsense account as proof of funds, if so, what do I print

[rainymc]

-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

[HonesteMunyaneza]

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!

[nathanvenn]

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?

[oshevireroland]

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

[beatricemarenghi]

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?

[busolaoyesola]

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

[ubanikingsley]

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 ?

[sokaynabellam]

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.

[motivationalpower]

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.

[raphaelegbetuyi]

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?

[MichaelOnonye]

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

[eamondash]

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

[susaneniolorunda]

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

[patiencenwokohuo]

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

[NotJust-uw]

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

[davidlord]

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

[solomonuchennamadubuike]

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?

[taniadekoya]

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?

[engrprincecliffordujah]

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