question on behalf of a friend.

[sivad 0]

i have a friend who is starting the k1 process,he manages a restaurant,but does not have a bank account.will he need to open one to satisfy the requirements for the consulate interview,or is w2's and financial letter from employer enough?

[Rob_Lesya 4]

i have a friend who is starting the k1 process,he manages a restaurant,but does not have a bank account.will he need to open one to satisfy the requirements for the consulate interview,or is w2's and financial letter from employer enough?

There is no requirement to have a bank account. As long as he can demonstrate sufficient income, he's fine.

[1HappyGuy 45]

I assume you mean he doesn't have a personal checking account. However, if he is self employed, he will need to provide bank statements for about a year showing that he does in fact receive (deposit) enough income to support the number reported on his tax returns. Since self employed people do not receive W-2's the USCIS wants to insure that there is enough money going into the business account to properly reflect the amount of gross income reported on the business part of the tax return. I guess they automatically assume that self employed people will lie about their income.

[sivad 0]

I assume you mean he doesn't have a personal checking account. However, if he is self employed, he will need to provide bank statements for about a year showing that he does in fact receive (deposit) enough income to support the number reported on his tax returns. Since self employed people do not receive W-2's the USCIS wants to insure that there is enough money going into the business account to properly reflect the amount of gross income reported on the business part of the tax return. I guess they automatically assume that self employed people will lie about their income.

he manages a applebees.

[1HappyGuy 45]

Then your friend is likely an employee and he will have a W-2 to show. That's a big difference from being self employed. I don't think there is a requirement to have a checking account, but how does he pay his bills? I hope he doesn't use just cash.

[slim 1,525]

They want to see proof that someone pays him money, proof that the govt. taxes that money, and proof that it's more than 125% of the poverty level. That's it. As long as he can prove that... he's golden!