i864 - Foreign Assets?

[MVJ 0]

Hello VJ Collective Wisdom - We will have no income showing on our i864m instead we plan to show my(applicant) Canadian based liquid assets show 3x 125% of poverty levels. Just wondering if these assests must be US based or can they be in Canada? Thanks!

[LotofPatience 65]

Hello VJ Collective Wisdom - We will have no income showing on our i864m instead we plan to show my(applicant) Canadian based liquid assets show 3x 125% of poverty levels. Just wondering if these assests must be US based or can they be in Canada? Thanks!

Applicant's (beneficiary) assets can be anywhere in the world. But you need proper appraisal (recent) by the certified appraisor in your country as supporting evidences.

Loto

[Anh map 2,098]

Assets located outside the US are evaluated at 5:1 rather than 3:1. It may be different for assets in Canada.

Asking this question in the Canada regional forum may get confirmation regarding the 3:1 or 5:1 ratio.

[LotofPatience 65]

Assets located outside the US are evaluated at 5:1 rather than 3:1. It may be different for assets in Canada.

Asking this question in the Canada regional forum may get confirmation regarding the 3:1 or 5:1 ratio.

You are right, Anh Map

Beneficiary's assets are evaluated at 5:1.

Loto

[MVJ 0]

Very interesting...seems I missed the 5x requirement. My assets are in CDN$ so if I move it to a US bank, will the requirement be 3x again? Exchange rate is at par right now...

[LotofPatience 65]

Very interesting...seems I missed the 5x requirement. My assets are in CDN$ so if I move it to a US bank, will the requirement be 3x again? Exchange rate is at par right now...

If you move back to you account in the U.S, it is still 5:1.

If you move back to your petitioner's account, it can be considered as 3:1. But if it is recent transfer while doing AOS review, it "may be" questionable. Little bit gap between the transfer date and AOS review date would help.

Loto

[Anh map 2,098]

This I-864 FAQ may be helpful. -->> http://travel.state.gov/visa/immigrants/info/info_3183.html#6

Moving them to the US ought to make your assets eligible to be considered at 3:1.

[MVJ 0]

If you move back to you account in the U.S, it is still 5:1.

If you move back to your petitioner's account, it can be considered as 3:1. But if it is recent transfer while doing AOS review, it "may be" questionable. Little bit gap between the transfer date and AOS review date would help.

Loto

Thanks Loto... We'll move the funds from our joint account in Canada to her US account so it really is OUR money we're moving. Do you think the transfer may be seen as questionable even if it was in her name already?

[LotofPatience 65]

Thanks Loto... We'll move the funds from our joint account in Canada to her US account so it really is OUR money we're moving. Do you think the transfer may be seen as questionable even if it was in her name already?

MVJ, It should be fine.

As I said, do the transfer well early before the AOS review. You need to provide the bank statements as supporting document for the asset declaration. Few months would be fine, but the manual clearly says last 12 months statements.

Some people have gone through it with last few months bank statements, as well.

Loto

[LotofPatience 65]

Here is the manual (Page 21) - http://www.uscis.gov/USCIS/Laws/Memoranda/Static_Files_Memoranda/Archives%201998-2008/2006/affsuppafm062706.pdf

(A) Evidence of assets. Evidence of the sponsor’s assets should be attached to the Form I-864. Evidence of the principal sponsored immigrant’s and/or household member assets should be attached to Form I-864A. In each instance, the evidence should establish the location, ownership, and value of each listed asset, including any liens or liabilities for each listed asset. Evidence of assets includes, but is not limited to:

• Bank statements covering the last 12 months, or a statement from an officer of the bank or other financial institution in which the sponsor has deposits, including deposit/withdrawal history for the last 12 months, and current balance;

Loto

[MVJ 0]

MVJ, It should be fine.

As I said, do the transfer well early before the AOS review. You need to provide the bank statements as supporting document for the asset declaration. Few months would be fine, but the manual clearly says last 12 months statements.

Some people have gone through it with last few months bank statements, as well.

Loto

I think it's already too late. About to send the i864 in a week but haven't yet transferred the money yet. Assuming the review is within a month, the transfer will be too close.

[Anh map 2,098]

I think it's already too late. About to send the i864 in a week but haven't yet transferred the money yet. Assuming the review is within a month, the transfer will be too close.

If you are transferring from one joint account to another and you've had the assets/cash for a considerable amount of time it ought to be ok. What isn't cool is when a chunk of cash is plopped into an account (from another source) to meet the requirement.

In other words, you moving your money / assets is ok. Uncle Joe recently lending you $50K to meet the requirement isn't ok.

[mrs.T 1]

This I-864 FAQ may be helpful. -->> http://travel.state.gov/visa/immigrants/info/info_3183.html#6

Moving them to the US ought to make your assets eligible to be considered at 3:1.

Very helpful! Thanks for sharing!