I-864- Bank/Assets help

[karina 0]

Hi all,

How do I go about proving that I have enough assets in the bank to support the beneficiary?

Do I have to ask the bank to write a letter? or submit latest bank statements?

Does it have to be notorized too?

Many thanks!

[YuAndDan 153]

From the I-864 instructions page 8:

Only complete this Part if you need to use the value of assets to meet the income requirements. If your Total Household Income (indicated on Line 24c) is equal to or more than needed to meet the income requirement as shown by the current Poverty Guidelines (Form I-864P) for your household size (indicated on Line 21h), you do not need to complete this Part. If your total household income does not meet the requirement, you may submit evidence of the value of your assets, the sponsored immigrant's assets, and/or assets of a household member that can be used, if necessary, for the support of the intending immigrant(s). The value of assets of all of these persons may be combined in order to meet the necessary requirement.

Only assets that can be converted into cash within one year and without considerable hardship or financial loss to theowner may be included. The owner of the asset must include a description of the asset, proof of ownership, and the basis for the owner's claim of its net cash value.

You may include the net value of your home as an asset. The net value of the home is the appraised value of the home,minus the sum of any and all loans secured by a mortgage,trust deed, or other lien on the home. If you wish to include the net value of your home, this, you must include documentation demonstrating that you own it, a recent appraisal by a licensed appraiser, and evidence of the amount of any and all loans secured by a mortgage, trust deed, or other lien on the home. You may not include the net value an automobile unless you show that you have more than one automobile, and at least one automobile is not included as an asset.

To use your own assets, you must complete lines 26a through26d and submit corresponding evidence with this form.Supporting evidence must be attached to establish location,ownership, date of acquisition, and value of any real estate holding.

Nothing needs to be notarized for form I-864, signing that form is considered swearing that all attached evidence for the form is tru and correct.

[cander42 0]

i wonder all time what assest you for people to use

[karina 0]

thanks for your help thus far, YuAndDan!

I guess my question is: is it sufficient to just send a copy of a monthly statement stating that you hv X amount in the bank, or does it have to be a formal letter from the bank to say how much it's in the bank?

I think I've read somewhere that you have to do a balance sheet of how much you've spent/ deposited in the past year... and i wasn't sure if that's something i'll have to submit that...

thanks!

[YuAndDan 153]

thanks for your help thus far, YuAndDan!

I guess my question is: is it sufficient to just send a copy of a monthly statement stating that you hv X amount in the bank, or does it have to be a formal letter from the bank to say how much it's in the bank?

I think I've read somewhere that you have to do a balance sheet of how much you've spent/ deposited in the past year... and i wasn't sure if that's something i'll have to submit that...

thanks!

You are referring to the instructions for form I-134 which is used for K-Visa interviews.

The sponsor must submit in duplicate evidence of income and resources, as appropriate:

A. Statement from an officer of the bank or other financial institution where you have deposits, giving the following details regarding your account:

1. Date account opened;
   
2. Total amount deposited for the past year;
   
3. Present balance
   

[karina 0]

Oh i see! But I am guessing that is NOT necessary for the I-864, correct?

thanks for your help thus far, YuAndDan!

I guess my question is: is it sufficient to just send a copy of a monthly statement stating that you hv X amount in the bank, or does it have to be a formal letter from the bank to say how much it's in the bank?

I think I've read somewhere that you have to do a balance sheet of how much you've spent/ deposited in the past year... and i wasn't sure if that's something i'll have to submit that...

thanks!

You are referring to the instructions for form I-134 which is used for K-Visa interviews.

The sponsor must submit in duplicate evidence of income and resources, as appropriate:

A. Statement from an officer of the bank or other financial institution where you have deposits, giving the following details regarding your account:

1. Date account opened;
   
2. Total amount deposited for the past year;
   
3. Present balance
   

[simple_male 1]

Bank statement is not needed for I-864. Just your recent pay stub plus a letter from employer would suffice it for I-864. You don't need to notarize I-864.

Oh i see! But I am guessing that is NOT necessary for the I-864, correct?

thanks for your help thus far, YuAndDan!

I guess my question is: is it sufficient to just send a copy of a monthly statement stating that you hv X amount in the bank, or does it have to be a formal letter from the bank to say how much it's in the bank?

I think I've read somewhere that you have to do a balance sheet of how much you've spent/ deposited in the past year... and i wasn't sure if that's something i'll have to submit that...

thanks!

You are referring to the instructions for form I-134 which is used for K-Visa interviews.

The sponsor must submit in duplicate evidence of income and resources, as appropriate:

A. Statement from an officer of the bank or other financial institution where you have deposits, giving the following details regarding your account:

1. Date account opened;
   
2. Total amount deposited for the past year;
   
3. Present balance
   

[Mary G. 0]

Karina,

If you are using assets to qualify as a sponsor for the I-864 (in other words, if your employment alone does not meet the minimum income requirements), you DO need to submit evidence of your assets. I had no letter from any banks. I printed out account statements for the last twelve months, and then created a spreadsheet with the current totals in all accounts. When I went my husband's interview with him in Frankfurt, the woman going over the paperwork said we did not need to submit the statements for all twelve months--only the most recent statement from each account. I think it was good we had statements for all twelve months, but it was nice they weren't necessary (maybe because of the spreadsheet?--not sure).

Good luck!

Mary

Bank statement is not needed for I-864. Just your recent pay stub plus a letter from employer would suffice it for I-864. You don't need to notarize I-864.

Oh i see! But I am guessing that is NOT necessary for the I-864, correct?

thanks for your help thus far, YuAndDan!

I guess my question is: is it sufficient to just send a copy of a monthly statement stating that you hv X amount in the bank, or does it have to be a formal letter from the bank to say how much it's in the bank?

I think I've read somewhere that you have to do a balance sheet of how much you've spent/ deposited in the past year... and i wasn't sure if that's something i'll have to submit that...

thanks!

You are referring to the instructions for form I-134 which is used for K-Visa interviews.

The sponsor must submit in duplicate evidence of income and resources, as appropriate:

A. Statement from an officer of the bank or other financial institution where you have deposits, giving the following details regarding your account:

1. Date account opened;
   
2. Total amount deposited for the past year;
   
3. Present balance