Does Cash Savings Counts Toward the Income Requirement? Form I-134.

[MissionToMe 0]

I filed the Fiance Visa (Form I-129F) last week and received the NOA1 on Saturday. I have not received a NOA2 yet but I am preparing ahead of time and noticed I barely make enough to meet the income requirement for a household of 3 (me, dad and fiance). However, if I account for my savings and mutual funds then I will actually meet the requirement. Will they consider my savings and mutual funds as part of my income requirements or is it strictly based on my tax return? I am trying to avoid having a co-sponsor. Thanks for your help.

[templeton 120]

Savings and assets can be taken into account, but their value needs to be at least 5 times the difference between your income and the income requirement for your household size.

So however much you are short, multiply that by five and that will tell you the minimum amount of savings you will need to demonstrate access to. You also need to show that they can be liquidated within a reasonable amount of time (one year) and doing so won't cause considerable hardship or loss to you or your family members.

[VOL 425]

Savings and assets can be taken into account, but their value needs to be at least 5 times the difference between your income and the income requirement for your household size.

So however much you are short, multiply that by five and that will tell you the minimum amount of savings you will need to demonstrate access to. You also need to show that they can be liquidated within a reasonable amount of time (one year) and doing so won't cause considerable hardship or loss to you or your family members.

Is this for Cambodia or Canada?

I know some embassies like Philippines you can't use assets

[templeton 120]

Is this for Cambodia or Canada?

I know some embassies like Philippines you can't use assets

I was just going by the general asset use guidelines that are out there...none of which mention restrictions being imposed by specific embassies. If that's the case, then I apologize for getting the OP's hopes up. Hopefully someone else can clarify whether they're applicable or not to the Cambodian embassy.

[MissionToMe 0]

Thank you templeton for the response. I was told through another member who went through a similar process that Cambodia do accept co-sponsors.

[Mon413 3]

I dont know or heard any1 that pass interview in cambodia with a co sponsor i might be wrong

[Mike-eeh and Odie 193]

Savings and assets can be taken into account, but their value needs to be at least 5 times the difference between your income and the income requirement for your household size.

So however much you are short, multiply that by five and that will tell you the minimum amount of savings you will need to demonstrate access to. You also need to show that they can be liquidated within a reasonable amount of time (one year) and doing so won't cause considerable hardship or loss to you or your family members.

^^This. For example, if your poverty threshold for household size of 2 is $20,000 and you only make $15,000 annually, the difference is 20,000 - 15,000 = $5000.00 Now multiply that by 5 and you would need an annual salary of $15,000 annually PLUS $25,000 in cash & liquid assets to qualify.

[MissionToMe 0]

^^This. For example, if your poverty threshold for household size of 2 is $20,000 and you only make $15,000 annually, the difference is 20,000 - 15,000 = $5000.00 Now multiply that by 5 and you would need an annual salary of $15,000 annually PLUS $25,000 in cash & liquid assets to qualify.

Does mutual fund qualify as liquid assets?

[usmsbow 801]

Does mutual fund qualify as liquid assets?

Generally, yes. Assuming it isn't tied to a 401(k), IRA, or other retirement plan.