Proof of Funds

alexiam · May 2012

Guys... ask ko lang.. ok lang ba sa family friend ang gagamitin as proof of funds (evidenciary fund)?

Wizardche_13 · May 2012

yes, you can have them as sponsor. They will just submit an Affidavit of support that they will be providing financial support (notarized by Justice of the Peace/Notary Public) stating:
relation of sponsor to student ;if non-relative:
1. state how the sponsor knows the student and how long they have known each other)
2. that the sponsor will provide financial support for expenses (i.e. tuition, living & travel costs) incurred by the student while he/she is studying in Australia.
3. that the sponsor will grant the student access to the funds intended for his/her expenses.
4.contact details of sponsor (i.e. address and phone numbers).
5. how the sponsor is being compensated or repaid (if applicable).
6. reason why the sponsor is willing to provide financial support to the student.
Note: All sponsors included in joint bank account/s must sign an Affidavit of Support.
They must also provide their financial docs.

alexiam · May 2012

Reply to @Wizardche_13: thanks! big help..

LokiJr · May 2012

Family friend as in hindi niyo po kapamilya? Medyo gray area a hehe...unless the friend will state in writing that he/she is sponsoring you and the funds will stay at your personal account for at least 2 months

Robbie1977 · May 2012

kami, family friend...he is the one will sponsor us, we have letter of purpose included s visa application na our family friend will support us for all expenses..and known him when the student (student going to australia) is working before in his company.

hopefully visa will be granted! praying.

note: s papel lang ung kc sya ang me perang mlaki, us (student and other dependent) aside from their ipon & we will be working in australia to support us there! hope mktulong payo ko

alexiam · May 2012

Reply to @LokiJr: oo. No blood relation. Kase ang problema, walang naglalagay na kapamilya namin sa savings ng malaking halaga.. Mas gusto nila time deposit.. Sayang daw interest. E immig naman is not allowing time dep account.

LokiJr · June 2012

@alexiam, as long as willing po isulat ng family friend niyo na siya talaga ang magssponsor sa inyo. Take note that Australia takes these contracts and obligations seriously. Hindi siya parang sa atin sa Pinas na puwede na yung "kunwari" sponsor.

Para hindi po matali yung pera bakit hindi niyo po subukan yung independent skilled visa, or state sponsored visa? Hindi siya kamahalan at madali pa.

alexiam · June 2012

Reply to @LokiJr: on going na application ko e. sa evidence of funds na lang ang incomplete... hay...

ozdream · June 2012

Reply to @alexiam: we have the same case, I was wondering if may copy ka nung format of the Affidavit of Support for Non-relatives? can you share it po? I need a format or a sample po sana.. can you email it to me po? will send my email address through PM.

LokiJr · June 2012

@alexiam, well kung ganun po then siguro tulong kay family friend na lang nga para umusad na application niyo. Basta factual at in writing lahat ng documents niyo tungkol sa pera hehe.

Good luck po

PogingNoypi · June 2012

Meron po pala thread para sa Proof of Funds. Nagpost pa ako ng question doon sa kabila.

Yung question ko po ay, magkano po yung dapat na proof of funds para sa isang skilled migrant? Required po ba ito?

batobats · June 2012

Reply to @jeffrey_craigslist: hinde po siya part ng reqts for skilled migrant.

Ito po reqts for visa 175 (skilled independent)
http://www.immi.gov.au/skilled/general-skilled-migration/175/eligibility.htm

ito naman sa visa 176 (skilled sponsored)
http://www.immi.gov.au/skilled/general-skilled-migration/176/eligibility-applicant.htm

for other visa type you can go to www.immi.gov.au

LokiJr · June 2012

Ang sagot diyan "depende sa gagastusin mo dun"...hindi ka hihingan ng proof of funds para sa 175 visa pero common sense na rin na kailangan magdala tayo ng sapat na pera para panggastos habang naghahanap pa ng trabaho dun hehe

Check niyo ito http://www.numbeo.com/cost-of-living/country_result.jsp?country=Australia para may idea kayo sa normal na gastusin sa Australia. Basically, pinakamagastos ang renta

anne_281980 · June 2012

Reply to @alexiam:

if i may ask,sino po nagsabi na hindi pwede time deposit? d ba pwede after nung maturity gamitin ung money? mas ma-prove nga nila na ung pera nasa name nila for a number of months na.

ung non-relative sponsor ko kc term investment deposit ang pinadala sa akin as proof of funds (Austraian Bank nga lang)

Anne

anne_281980 · June 2012

Reply to @Robbie1977:

similar case to me :P at least alam ko hindi lang ako ganto ang status, hopefully visa grant tyong lahat

Doki_2002 · June 2012

Hi alexiam, just saw sa timeline mo na u received an email re additional info request, may i ask ano po ung hiningi sau ng immi bka kasi may kulang din ako. Thanks:)

anne_281980 · June 2012

Reply to @trishaiara:
i still have a copy of the affidavit that my sponsor signed how i send it to you? u can pm me if you still need it

:P

Anne

alexiam · June 2012

Additional proof of funds, di kase nila tinatanggap ang time deposit e at letter of acceptance or confirmation of placement ng mg dependents ko. (School age).

alexiam · June 2012

Reply to @anne_281980: yes after maturity pwedeng gamitin. Pero ang maturity kase ng sa amin 2014 pa. E ang duration ko sa aus ay 2012-2014... walng way para maopen... pnb tier-2 ang specific na ginamit namin. di acceptable proof of funds.

knight · June 2012

Alexiam, ask ko lang if you don't mind sharing, how much funds did they require you? I will be lodging my student visa application soon at isa eto sa pinag worry ko because I have 3 kids. Thanks.

alexiam · June 2012

hi knight!

Proof of funds na hiningi sa amin e almost 4M (almost AUD 92k).
Me, hubby, 2 school age daughters and a 2 year old baby.. depende kase sa age ng mga bata ang computation nila.. kung ang 3 kids mo e lahat school ages.. malamang mas malaki pa computation sa u...

ang ipapakita mo e bank statement 3 months before you lodge your application...
(Please note that the minimum amount is calculated by using the smallest amount held during the three month maintaining period.)

ljust · June 2012

What if bank certification, indicating the amount of all your accounts in the bank? Hindi ba pwede yun? Because that's what I sent. Nagpagawa yun parents ko ng bank certification from 3 banks, na joint account sila. And then Affidavit of Support nilang dalawa din.
I think pwede naman yun?

alexiam · June 2012

hi beaj...

alexiam · June 2012

Reply to @beaj: di ko lang alam sis kung enough na ang bank cert.. without bank statement. kase nagpasa din ako ng bank cert e.

nabasa mo ba un note sa reply ko kay knight? sa case officer ko galing yun nun nag-email sa akin n kulang PoF ko.

kase i asked why we still need PoF e I passed bank cert and bank statement which I think is enough na.

if your papers naman is incomplete they will notify you..

ljust · June 2012

I see. Sige, hintayin ko nalang. Thanks

knight · July 2012

Thanks for the reply @Alexiam. Susme ang laki pala talaga ng kailangan kong ihanda. Hehehe Isa nalang pong tanong, did you already enroll your school aged children before lodging your visa application? Magkano po ang tuition fee nila? My eldest is 11 at yung sumunod is turning 5 next year so dapat ko na talagang paghandaan.

LokiJr · July 2012

Hi alexiam, bale per person ba ang basis kung magkano ang proof of funds na dapat ipakita? So pag mag isa ka lang pupunta mas maliit hihingin nila?

alexiam · July 2012

Reply to @LokiJr: oo maliit lang kung single ka. pero ang di ko sure e.. kung pwedeng di ideclare ang family as dependants.. kung may asawa at school age kang anak....

alexiam · July 2012

Reply to @knight: di nakaenroll.. apply ka lang tru email sa eti.. bibigyan ka nila ng CoP.. Confirmation of placement.. pagdating na lang dito sa aus saka mo sila ienroll.

Robbie1977 · July 2012

kami....3 kami,2.2M need namin for PoF.

ljust · July 2012

Heads up guys, pwede ang time deposit.

My visa was granted nadin.

My parents just got bank certifications indicating all their assets. Lahat yun time deposit. 3 banks yun ginamit namin, they got the one from BPI and RCBC. Ewan ko kung bakit binalik sakin yun sa PSBank.