AQuestion about bank

[rl2009 0]

Question about bank

What are they looking for when they want to see your bank account, will it matter how much money you have in the account? Anyone have any information about this??? Thanks everyone.

[William33 110]

Bank account information at the Embassy/Consulate level, is in support of the I-134 (affidavit of support).

Surmising that you have adequate income, the banking information "backs up" routine salary deposits.

Yes, it would be beneficial to have a "fat" balance, but that is not required. Adequate income is key.

The account balance would only come into play, if your income was below the poverty line and you intended to supplement the requirement with cash assets.

Question about bank

What are they looking for when they want to see your bank account, will it matter how much money you have in the account? Anyone have any information about this??? Thanks everyone.

[Mew 0]

See: http://www.visajourney.com/forums/index.ph...=21150&st=0

[rl2009 0]

Ok thanks everyone. I think I will go ahead and get it now eventhoug I do not have approval yet. So I can send it to Ro in advance.

[Yodrak 7]

ld&rd,

Of course it matters. How much it matters is the real question. A lot of money matters a lot, expecially if one does not have much income, although there might be some explaining to do if one has a lot of savings but not much income.

On the other hand, not much savings does not matter much at all, no matter what the income.

Yodrak

Question about bank

What are they looking for when they want to see your bank account, will it matter how much money you have in the account? Anyone have any information about this??? Thanks everyone.

Edited September 14, 2006 by Yodrak

[William33 110]

Yodrak,

I thought that if one had insufficient income to meet the poverty line, it could be supplemented with cash assets, or other assets readily convertible to cash. Is that not correct?

ld&rd,

Of course it matters. How much it matters is the real question. A lot of money matters a lot, expecially if one does not have much income, although there might be some explaining to do if one has a lot of savings but not much income.

On the other hand, not much savings does not matter much at all, no matter what the income.

Yodrak

[Yodrak 7]

William,

Clearly correct for immigration purposes, the law establishing the requirements embodied in I-864 says so.

Perhaps not so clear for non-immigrant visas, where there's no specific guidance other than that the consular officer should consider the 'totality of the circumstances' in determining whether the visa applicant meets the public charge requirements of the law.

In any event, the point of the sentence that you boldened is that in order to supplement income with assets one must have assets. A bank account with a few hundred dollars in it won't support anyone for long.

Yodrak

Yodrak,

I thought that if one had insufficient income to meet the poverty line, it could be supplemented with cash assets, or other assets readily convertible to cash. Is that not correct?

ld&rd,

Of course it matters. How much it matters is the real question. A lot of money matters a lot, expecially if one does not have much income, although there might be some explaining to do if one has a lot of savings but not much income.

On the other hand, not much savings does not matter much at all, no matter what the income.

Yodrak

[William33 110]

Yodrak,

Got it, thanks. I missed the "not much savings" piece of your sentence.

William,

Clearly correct for immigration purposes, the law establishing the requirements embodied in I-864 says so.

Perhaps not so clear for non-immigrant visas, where there's no specific guidance other than that the consular officer should consider the 'totality of the circumstances' in determining whether the visa applicant meets the public charge requirements of the law.

In any event, the point of the sentence that you boldened is that in order to supplement income with assets one must have assets. A bank account with a few hundred dollars in it won't support anyone for long.

Yodrak

Yodrak,

I thought that if one had insufficient income to meet the poverty line, it could be supplemented with cash assets, or other assets readily convertible to cash. Is that not correct?

ld&rd,

Of course it matters. How much it matters is the real question. A lot of money matters a lot, expecially if one does not have much income, although there might be some explaining to do if one has a lot of savings but not much income.

On the other hand, not much savings does not matter much at all, no matter what the income.

Yodrak