proof of assets

[nialljc32 0]

i have liquid assets that do exceed the required 3 x the $15,000 a year needed. does it need to be in a us bank account? or does it matter where it is. at present my account is in ireland but if necessary i can move it. any advice will be gratefully apreciated. thank you.

niall

[Anh map 2,098]

FYI, the income requirement for a family of two is $18,212.

According to the form instructions there is no requirement that the funds be in a US bank. I am not sure how funds in another currency are evaluated with regard to exchange rate variations. I'm sure another VJ'er can share some experience.

[trailmix 77]

It is probably consulate specific - in Canada they generally don't have a problem with it being in a Canadian bank.

[nialljc32 0]

FYI, the income requirement for a family of two is $18,212.

According to the form instructions there is no requirement that the funds be in a US bank. I am not sure how funds in another currency are evaluated with regard to exchange rate variations. I'm sure another VJ'er can share some experience.

thanks for the info;) we have a 2 year old daughter aswell, how much more does that put the requirement up do you know?

thanks again.

niall

It is probably consulate specific - in Canada they generally don't have a problem with it being in a Canadian bank.

ok, cheers for that. will speak with the embassy over here:)

thanks

niall

[Penguin_ie 5,996]

When I did DCF in Ireland last year, they said they "prefered" assets to be in the USA, especially if you are close to the poverty guideline, because it is easier to evaluate and, if necessary, go after them if the immigrant becomes a public charge. As we were moving anyway, we just opened a US bank account and transfered assets there.

The 125% poverty level for a household of 3 is around 23'000 dollars, so you will need three times that much.

[getcr1 0]

When I did DCF in Ireland last year, they said they "prefered" assets to be in the USA, especially if you are close to the poverty guideline, because it is easier to evaluate and, if necessary, go after them if the immigrant becomes a public charge. As we were moving anyway, we just opened a US bank account and transfered assets there.

The 125% poverty level for a household of 3 is around 23'000 dollars, so you will need three times that much.

I am a bit confused about all this. Do you have to say what your assets are (no matter which country?) If you have at least 20,000 dollars in the bank, then do you not need a sponsor? Am i supposed to get copies of my bank statements in all countries to prove I have a certain amount of money? If so, how much money?

[Penguin_ie 5,996]

I am a bit confused about all this. Do you have to say what your assets are (no matter which country?) If you have at least 20,000 dollars in the bank, then do you not need a sponsor? Am i supposed to get copies of my bank statements in all countries to prove I have a certain amount of money? If so, how much money?

There is always a sponsor, the petitioner. There doesn't always have to be a co-sponsor though. If you have enough income, you do not need to list your assets at all; if you have US income but are short of the 125% poverty guideline, you can mix income and assets to meet the burden of proof. But most DCFers don't have any US based income as they have been living abroad, so they rely on assets or a co-sponsor. If you use assets, you just list them and proof that you really own them (share certificates, deeds to a house, bank statements etc) as well as recent evaluations. It's 3 times the 125% poverty level if you are sponsoring a spouse, 5x if it is someone else (such as a parent, or if the co-sponsor is listing their assets); thus 20'000 would not be enough if you are sponsoring soley on assets, but would be enough if you are just falling short a couple of thousand on the income requirement.

[getcr1 0]

There is always a sponsor, the petitioner. There doesn't always have to be a co-sponsor though. If you have enough income, you do not need to list your assets at all; if you have US income but are short of the 125% poverty guideline, you can mix income and assets to meet the burden of proof. But most DCFers don't have any US based income as they have been living abroad, so they rely on assets or a co-sponsor. If you use assets, you just list them and proof that you really own them (share certificates, deeds to a house, bank statements etc) as well as recent evaluations. It's 3 times the 125% poverty level if you are sponsoring a spouse, 5x if it is someone else (such as a parent, or if the co-sponsor is listing their assets); thus 20'000 would not be enough if you are sponsoring soley on assets, but would be enough if you are just falling short a couple of thousand on the income requirement.

hmm, what if i got my parents to help me and put money so that i had about 55000 dollars Canadian in my Canadian account? would i I still need a sponsor? so confused....

[Penguin_ie 5,996]

hmm, what if i got my parents to help me and put money so that i had about 55000 dollars Canadian in my Canadian account? would i I still need a sponsor? so confused....

As mentioned before, many embassies do not like funds/ assets in foreign countries, so before even thinking about this option, make sure the US embassy in Canada allows assets in Canada to be taken into account. If it is an option, it would be better for your parents to transfer the money into a US bank account in your and your spouses name.

The other problem with this plan is that embassies are suspicious of funds which have recently arrived in the bank account "for no good reason"- ie they may think that the money is just resting in the account for visa purposes and is either payment for a greencard (ie it's not a bonafide relationship, just for immigration), or will be transfered back to the original owner as soon as the visa is granted. If your parents have money they can gift you now- ie a large sum as a wedding gift- it would be better if you"did something" with it, such as used it as part payment for a home in the USA (which would help not just with the assets for the affidavit, but also proofing domicile in the USA).

[trailmix 77]

The OP isn't in Canada - she is in Japan.

Getcr1 - if you have a look at the I-864 instructions you will see that they want 12 months worth of bank statements from you, when using assets. I assume (but may be wrong) that they ask for those to ensure people don't just dump a lump sum in to a bank account to prove support.

[Cowgirl2 0]

Hello,

I have a similar problem. I have a US acct in Canada where I have sufficient amount of money to meat the amount needed to sponsor. I am using them as assets because I was a student for the past 4 years. I did pay tax on the interest received from that money because I had invested it for the past 3 years. I do have statements and tax papers showing that I paid interest on them. The problem is that the immigration officer had asked for proof of source of funds demonstarting financial resources (exact words!). The money was given to me by my dad and it was through personal checks but that was years ago. I don't have copies of those checks and the bank told me it takes them a long time to retrieve a copy. Is it necessary for me to have a copy of the checks to show as proof or will my statements for the past 3 years plus the fact that I used a good amount of the money to pay tuition and student loans enough? Please help!

[trailmix 77]

He wants to know that someone didn't give you a lump sum to show proof of having sufficient assets - in my opinion.

What I would do in this situation depends on exactly how long it will take the bank to get a copy of that cheque.

If it will be 'months' - then I would go ahead and submit the tax slips for interest on the funds and the tax returns that show you have claimed that interest. I would also get a letter from your Father, stating when and why he gave you that money. I just think it would be worth submitting those things now, rather than wait for a bank. Then again, if they can get it in a week or two, I would wait for that.