using savings for I134

[Majow 0]

Hi, 

 

We are now applying for our K1, petition has been sent out and I'm preparing for the interview and the documents we are going to need.

Me and my boyfriend (he is the US citizen) have lived in Belgium for the last year and a half (before that we lived in the States).

He now moved back to NY to prepare for the wedding and the whole move. Since he has worked and lived in another country, his tax returns wont show much income for the last 1 or 2 years.

He will soon have a job in NY that should be above the poverty guideline. But just to be sure i want to get our savings up.

His US bank acount has not been very active lately as we had bank acounts in Belgium. How can i show that we have plenty of savings from working in Belgium. 

I could transfer it to him but don't want them to think that we are trying to sceam. I will also be selling all my belongings here and putting most of my paycheck away. 

My savings will go up quite a bit in a short amount of time. Should i explain this and show proof? Also is it better to transfer it to his US bank acount? As they probably prefere his savings above mine.

 

I hope someone can help me.

 

Thanks in advance

 

Marjolein

[Ash.1101 1,756]

Savings isn't a grey area sadly. When using savings for assets, you either make enough or you don't, and if you don't none of it matters.


Assets are only counted if have more than 3 times the amount that you are missing from the yearly income poverty guidelines. 3 times for immediate relative, 5 times for any other. Note that some consulates have been asking for 5 times, regardless if it's fiance or not.


So working with just the number 3, if your fiance only made 10k last year, and the poverty limits for 2 people are 20,025, then he is missing 10,025 to be able to meet the line. You then multiple the missing amount by 3, and you get 30,075.
$30,075 is the amount of money in savings needed to cover the missing income and make it so the poverty lines are met.

The math is fairly simple, if it's just you and him and he has no children or dependents, then simply take 20,025 and minus out what he made last year on his last tax return, what ever that number equals, multiply it by 3, and that's how much savings you'll need.

(Current Needed Income) - (Current Income) = Missing Income Needed
(Missing Income Needed) * (3) = Assets needed to meet the poverty lines

Not sure how much savings ya'll have, some people think 10,000$ is a lot in savings, some thing a couple of grand is a lot, so I figured I'd give you the equation to figure out if you have enough yourselves.


With that said, you're most likely looking at needing a cosponsor. While current income matters, it matters a lot less the newer the job is, so you'll want him to find a well paying job ASAP. They do look at job history and such, but they prefer US job history over anything else.


As for the money, it needs to be in USD so it can be used here readily. And yes, it may be a red flag for him to show his US bank statement and have a very large transfer thrown in.

As for your savings, generally the foreign fiances savings don't matter much.  Some consulates won't even look at any proof, because it's not your job to take care of yourself in this situation, it's your fiances job.

Edited February 19, 2017 by Ash.1101