F-1 - Bank statement on fathers Company?

[USBoyz 0]

Hey,

So I have about $100,000 saved (No bank loans or such) in my bank account throughout the years which should be a deciding factor, it's enough for 2-3 years alone even if my father does not fund me.

My father has a company and is a bank statement from his company allowed for the I-20 and the US Embassy? Do they accept it? Do I have to provide proof that he owns the company?

Thanks

[mary81 2]

Hey,

So I have about $100,000 saved (No bank loans or such) in my bank account throughout the years which should be a deciding factor, it's enough for 2-3 years alone even if my father does not fund me.

My father has a company and is a bank statement from his company allowed for the I-20 and the US Embassy? Do they accept it? Do I have to provide proof that he owns the company?

Thanks

You have $100,000.00 with no bank account ? how old are you and how you going to prove you earn that money from ? people work over 10 years in the US and can not save 100K. Anyway your father asset is irrelevant to your application. You need to prove that you have enough supplement to cover your costs while staying in the US also other ties like family - asset.

Good luck

[USBoyz 0]

You have $100,000.00 with no bank account ? how old are you and how you going to prove you earn that money from ? people work over 10 years in the US and can not save 100K. Anyway your father asset is irrelevant to your application. You need to prove that you have enough supplement to cover your costs while staying in the US also other ties like family - asset.

Good luck

Hey,

No it is in a bank acocunt under my name. But my sponsor is my father, and he has a stable income. He has a company registered too, is it ok if the bank statement is his company name? and additionally, I will prove that I have money saved up.

Thanks

[sharky-rex 76]

Isn't using company money for private purposes embezzlement?

I'd bring your bank account statements going back at least 6 months (showing that you didn't just put the money there so they'd give you a visa), and also the same for whatever account your father's pay goes in or his tax return or something similar that shows his income. You can bring proof that your father owns a company and that it's doing well etc. but any money you show them needs to be for the sole purpose of funding your education. So no company money.

[mary81 2]

Hey,

No it is in a bank acocunt under my name. But my sponsor is my father, and he has a stable income. He has a company registered too, is it ok if the bank statement is his company name? and additionally, I will prove that I have money saved up.

Thanks

You need to establish ties to your country . Research more and you will come back here and everyone will say the same ''No one can sponsor you'' If you are applying for student visa you (yourself) MUST demonstrate you have enough funds to cover your costs while studying in the US. Not just bank account with a lot of cash can guarantee you visa privilege. A bank account with large sum of balance can ring bells, how come a student could made this much?? You need to demonstrate you own the money NOT your father, even its in your bank account. You will have to show how? I am not saying you are doing this but there are millions of cases that people lend money to show they have enough money and when they arrive at their destination, few weeks later the balance is $0. US has no control on that part. Those guys running the show at the embassies, are well trained, Just by looking at applicants faces can make a decision and in most cases they are correct and if they even not correct there is no way challenging them because F1 visa is privilege NOT right. You are required to show solid ties like an establish job waiting for you when you return from your visit - If you are married and you have kids (very strong ties) - You have land - Property under your name all these combined can give you access to an interview with better chances.

Good luck

[sharky-rex 76]

You need to establish ties to your country . Research more and you will come back here and everyone will say the same ''No one can sponsor you'' If you are applying for student visa you (yourself) MUST demonstrate you have enough funds to cover your costs while studying in the US. Not just bank account with a lot of cash can guarantee you visa privilege. A bank account with large sum of balance can ring bells, how come a student could made this much?? You need to demonstrate you own the money NOT your father, even its in your bank account. You will have to show how? I am not saying you are doing this but there are millions of cases that people lend money to show they have enough money and when they arrive at their destination, few weeks later the balance is $0. US has no control on that part. Those guys running the show at the embassies, are well trained, Just by looking at applicants faces can make a decision and in most cases they are correct and if they even not correct there is no way challenging them because F1 visa is privilege NOT right. You are required to show solid ties like an establish job waiting for you when you return from your visit - If you are married and you have kids (very strong ties) - You have land - Property under your name all these combined can give you access to an interview with better chances.

Good luck

That is not true. I don't know why people keep repeating that. The certification of finances form (some?) schools require before even issuing an I-20 has room for a sponsor, like parents. Unless you've actually gone through the process don't just repeat what you've heard here. The CO was perfectly happy with my mother's and father's employment letters and bank statements, and he told me that, his issue was with my girlfriend being a USC. You do need to establish ties to your country, though.

[canadian_wife 1,826]

That is not true. I don't know why people keep repeating that. The certification of finances form (some?) schools require before even issuing an I-20 has room for a sponsor, like parents. Unless you've actually gone through the process don't just repeat what you've heard here. The CO was perfectly happy with my mother's and father's employment letters and bank statements, and he told me that, his issue was with my girlfriend being a USC. You do need to establish ties to your country, though.

Correct, it is even on the USCIS website

You may enter in the F-1 or M-1 visa category provided you meet the following criteria:

• You must be enrolled in an "academic" educational program, a language-training program, or a vocational program
• Your school must be approved by the Student and Exchange Visitors Program, Immigration & Customs Enforcement
• You must be enrolled as a full-time student at the institution
• You must be proficient in English or be enrolled in courses leading to English proficiency
• You must have sufficient funds available for self-support during the entire proposed course of study
• You must maintain a residence abroad which he/she has no intention of giving up.

http://www.uscis.gov/working-united-states/students-and-exchange-visitors/students-and-employment

Edited March 18, 2014 by canadian_wife

[engineer21 51]

The sufficient funds requirement can be complied with using funds that belong to someone other than the student. Father/mother/uncle/grandparents/scholarship. I have gone through getting this done with both showing scholarship as well as bank statements from my mom and my aunt. OP sounds like you have sufficient funds. As part of getting the I-20 issued your school should have given you a dollar amount that you need to show. So if 100k is sufficient, then that's all you need, funds-wise.