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Can I use my cash to add to my income?

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Filed: Timeline

I have only worked part-time the past two years and make $11,000 a year. However, I have $75,000 cash in my savings. Will I be able to add this to my income? I will be starting to work full-time in two months so this year will not reflect that I make enough money still. I have no co-sponsors so I am quite worried about this. My husband is in the UK if that matters.

Thanks,

Amy

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Filed: K-3 Visa Country: New Zealand
Timeline

According to the instructions for the I-134, Affidavit of Support, you can use a letter from a bank officer identifying when account was opened, current balance and deposits made during the past year. As far as income is concerned, include copies or certified copies from IRS of your Income Tax forms. You should also tell INS you will have a new job soon and have the prospective employer provide a letter stating date and nature of employment, salary paid and wheter the job is permanent of temporary.

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Filed: Other Country: China
Timeline
I have only worked part-time the past two years and make $11,000 a year. However, I have $75,000 cash in my savings. Will I be able to add this to my income? I will be starting to work full-time in two months so this year will not reflect that I make enough money still. I have no co-sponsors so I am quite worried about this. My husband is in the UK if that matters.

Thanks,

Amy

Yes, each three dollars of your liquid assets can be used to replace one dollar of annual income. The bank letter described is for a different purpose. A few bank statement copies ending with a recent one will suffice as supporting evidence.

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Filed: Timeline

Point of clarification: The 3:1 ratio of assets to income applies to sponsoring an immigrant (immigrant visa or adjustment of status), it does not apply to K-visa sponsorship. There is no guideline for how the consular officer is to consider the income value of assets in K-visa cases, unless there is a local guideline established by the particular consulate.

It would be helpful had Amy indicated what visa is involved. The consulate in the UK is known to be generous with respect to meeting the public charge requirements for K visas.

Yodrak

I have only worked part-time the past two years and make $11,000 a year. However, I have $75,000 cash in my savings. Will I be able to add this to my income? I will be starting to work full-time in two months so this year will not reflect that I make enough money still. I have no co-sponsors so I am quite worried about this. My husband is in the UK if that matters.

Thanks,

Amy

Yes, each three dollars of your liquid assets can be used to replace one dollar of annual income. The bank letter described is for a different purpose. A few bank statement copies ending with a recent one will suffice as supporting evidence.

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