Acceptable sources of funds/show money

ozdreamer0323 · June 2014

Other than being sponsored by a relative, either from AU or here in the Philippines, what are other acceptable source of funds/show money for applying for student visa that you know or used on your application?

bellaparaiso · June 2014

I only used the time deposits of my parents from accepted banks.

Just make sure that you present them the bank's terms and to emphasize that your sponsor can withdraw the money as you need it.

Alam ko hindi pwede yung equity funds or stocks kasi di sila as liquid compared to a fixed deposit (time deposit) or a regular savings account.

ozdreamer0323 · June 2014

nastress kasi kami dahil yung co ko is telling us that our source of funds is not accepted/considered daw. last year kasi we sold my wife's share sa lot nila to his brother. Then we started lensing the money, with interest of course. Nung nagdecide na kami na we wanted to do the student visa app to AU, kinausap namin lahat ng nanghiram sa amin na we need the paymenta by April. Come May e we got enough money para sa funds namin then deposited it.

ozdreamer0323 · June 2014

@bellaparaiso What the CO is telling us is di valid yung source of funds because galing sa property na binenta from last year. Sinabi ko naman na kaya naman binenta yun is for us to start a lwnding business pero the CO insisted na galing pa din sa property. Hay ....

bellaparaiso · June 2014

Pero kung nasa accepted bank na naman sya at di nagalaw for 3 months prior to your application sa pagkakaalam ko accepted yun since naconvert na sya into cash. May money pa ba kayo sa ibang bank na accepted ng embassy? Kasi yung isa naming bank account from a cooperative bank lang kaya di sya accepted. Kaya ginawa namin, inipon namin lahat ng banko na recognized na merong deposit yung parents ko at yun yung prinesent namin sa embassy. Minsan may kalabuan rin ang mga CO.

bellaparaiso · June 2014

Ay di ko nabasa yung isa mong reply. Kung ngayong may nyo lang dineposit yung account, kailangan pa nya ng 3 months sa banko bago ka makapag lodge ng application. May kilala ba kayong immmigration lawyer or lawyer na familiar lang with Australian immigration?

ozdreamer0323 · June 2014

@bellaparaiso Kung yun yung sinabi ng CO namin baka matanggap ko pa e pero ang dinadahilan niya talaga is dahil nag originate yung money from selling a property. Bitter mode lang tlaga ... di niya naman kami dineny pero may taning na hanggang first week of July dapat makapagproduce ng ibang source if funds ... hay ...

ozdreamer0323 · June 2014

@bellaparaiso may prinesent pa ba kayong documents how you came up with your funds?

bellaparaiso · June 2014

Minsan malabo yung CO. Share ko lang yung nangyari sakin... Binigay ko na yung bank certificate and terms ng bank deposit samin tas nag email ba naman yung CO ko na dapat mag provide ako ng proof na mahuhugot ko yung funds from the time deposit anytime. Ginawa ko humingi ulit ako ng terms sa banko tapos hinighlight ko yung terms tapos nagemail din ako sa kanya explaining na mahuhugot ang pera sa banko kaya wag syang mag-alala.

bellaparaiso · June 2014

@bellaparaiso may prinesent pa ba kayong documents how you came up with your funds?

Same document lang yung prinesent ko pero nakahighlight na yung kailangan nyang mabasa. Para kasing tinatamad magbasa yung CO. Hehe.

ozdreamer0323 · June 2014

@bellaparaiso Lol. If you dont mind, can you message me the last name of your CO, baka iisa lang humawak sa atin e.

Pattycorky · July 2014

Hi po.. Ask ko lng po sana aside from bank cert. ano p po hiningi n documents as proof of funds? Thank u po .

ozdreamer0323 · July 2014

Depende. po yan sir. Ano po ba ang proof of funds niyo? May sponsor po ba kayo? Via bank loan po ba? Dyan po tayo magsisimula.

jon · July 2014

@ozdreamer0323 Hi po..Makikibalita sana ako sa inyo dito. Actually, medyo same ang situation ko sa inyo. Source of fund ko naman is from a mortgaged property. D daw acceptable yun kya pinapa submit ako ng iba pang source of income documents. Ano po bang sinubmit niyo sa inyo?

ozdreamer0323 · July 2014

@jon back to back loan ginawa ko at sponsor ng tita ko. Refused pa din po nga lng ako.

jon · July 2014

@ozdreamer0323 may result na pala sa inyo. akala ko pwede ang loan? pwede pa share reason ng refusal? intake ko na po sa Monday and yet klangan ko pang mgsubmit ng additional income stream daw. nag aalala din ako sa result ng application ko.

ozdreamer0323 · July 2014

@jon yun din ang alam ko e. hindi daw pwede ang back to back loan. Ganun kasi ginawa ko e. loan against deposit yun. di daw valid.

jon · July 2014

kaloka naman sila.. nakakastress to..anyway salamat po.

ozdream · August 2014

Guys share ko lang PROOF OF FUNDS. Hindi ko kasi ma copy/paste kasi naka PDF. Download niyo nalang

ozdreamer0323 · August 2014

@ozdream ty po pero ask ko lang if updated copy po ba ito? Ang alam ko po kasi first 12 months na lang po ang need i provide as proof of funds based on the March update ng immi ...

pixieedust08 · October 2014

@ozdreamer0323 same situation here...they are asking me to provide evidence of how the fund was transacted into the account of my sister which acts as my sponsor. Nagbigay ako ng deed of absolute sale ng property ng mother ko and my moms sworn statement na ung pinagbentaha property was eh nilagay sa account sister ko. Sabi ng CO ko not acceptable sourcr of funds daw ang money acquired from selling a property..to think na with held na ung funds for 3months.

ozdreamer0323 · October 2014

@pixieedust08 seiously? Sino po CO niyo if u dont mind me asking. Kahit PM niyo na lang po. Dapat lusot na yata yan a ...

pixieedust08 · October 2014

@ozdreamer0323 nakapaglodge ka agad ule after being refused? wala ba waiting period of how long you can relodge an application? Kasi July 4 ka nakatanggap refusal letter then July 30 relodge kn ule.. I overheard ung name ng CO kasi tinawagan lang nya ako non eh.

jenmac · October 2014

Tita ng husband ko yun Australian citizen. Pwede po ba xa gawin ko sponsor sa proof of funds? Ano po docs ang dapat ipakita? Salamat po

canberradude · October 2014

Acceptable individuals who can be your source of funds:
(a) the applicant;
(b) the applicant’s spouse or de facto partner;
(c) a parent of the applicant;
(d) a grandparent of the applicant;
(e) a brother or sister of the applicant;
(f) an uncle or aunt of the applicant who is:
(i) an Australian citizen, an Australian permanent resident or
an eligible New Zealand citizen; and
(ii) usually resident in Australia.
Kung husband mo magaaply puede maging sponsor yung auntie nya but kailngan nya mag provide ng proof of relationship.

jenmac · October 2014

Acceptable individuals who can be your source of funds:
(a) the applicant;
(b) the applicant’s spouse or de facto partner;
(c) a parent of the applicant;
(d) a grandparent of the applicant;
(e) a brother or sister of the applicant;
(f) an uncle or aunt of the applicant who is:
(i) an Australian citizen, an Australian permanent resident or
an eligible New Zealand citizen; and
(ii) usually resident in Australia.
Kung husband mo magaaply puede maging sponsor yung auntie nya but kailngan nya mag provide ng proof of relationship.

Ako po kc ang sinusuggest ng mga tita nya mgapply. Kc aq ang college grad. Undergrad kc asawa ko. Pnu po kaya?

canberradude · October 2014

@jenmac kailngan po yung husband nyo magapply kung tita nya ang mag iisponsor. For me po mas maganda yung undergrad kasi puede nyo sabihin sa immigration na gusto ng husband nyo na ituloy ang pagaaral nya for whatever reason. Otherwise kung papayag po yung tita ng husband nyo, i deposit yung pera sa account mo 3 months bago ka mag apply ng visa. Sa kin po 572 hindi po tinanggap first cousin ko as sponsor, kailngan daw po any of the above acceptable individuals.

jenmac · October 2014

@canberradude salamat sa info

hayy ang hirap magdecide. Automotive kc field nya. Hnde namin alam kung ano pwede kunin nya if sya ang mag-apply. Sydney kc un. Closed sila as of now sa automotive courses. So might as well choose another course na in line pa rin sa SOL.

canberradude · October 2014

@jenmac medyo complicated po talaga ang pagaaply ng visa, kung wala ka agent you need to do a lot of research bago ka po mag lodge para hindi po sayang yung pera. Andami na deny yung visa dahil kulang or mali ang source of funds, like me kulang pa pala yung nabigay ko documents. I should have researched more hindi sana tumagal ang pag process ng visa ko.

Christian_Tariao · October 2014

Good evening po sa inyo. Tanong ko lang para sa financial documents ano po ba ang kailangan kung e provide at yung sa show money po mag kano po at kailang po ba talaga sa account ko yun e lagay or pweding dun lang po sa parents ko tapos provide lang cla ng any documents that will support that they are my sponsor. meron na po akong offer letter from SGSCC aged care po course ko. Sub class 572. Thanks

ays20123 · October 2015

Hello po mga kuya at ate... mag aask lang po sana ako... mag aapply din po ako as student sa Australia. Hindi pa po ako nakaka pag lodge kasi waiting pa po sa funds

... Yung magiging source of funds ko po e isinanla namin yung agricultural property ng parents ko.. on going nmn po ang business sa lupa kc tinataniman po ng palay.. Tingin nyo po ba marerefuse yung application ko dahil yung root po ng funds ko e loan at collateral yung agricultural property namin?

Salamat po in advance sa mga magrereply.... Have a nice day po sa lahat!