Proof of funds as Canadian Check

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goloukumar
Member since: Feb 05

Posts: 5
Location:
Post ID: #PID

Posted on: 12-07-05 17:54:14

My Canadian Uncle is ready to help me in showing proof of funds . Can a Check in my name by him be shown as proof of funds at time of landing at port of entry . If not what could be best way he can help me .I dont want to break my FD etc now as I am planning to go back in about three weeks . thanks

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Edited "Proff" to "Proof"- Raj

sudesingh
Member since: Jul 04

Posts: 2085
Location: Toronto
Post ID: #PID

Posted on: 13-07-05 11:12:48

I'd suggest a bank draft as opposed to a check.

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balaq8
Member since: Jul 05

Posts: 111
Location:
Post ID: #PID

Posted on: 14-07-05 10:28:47

Is it possible to get draft in U.S dollars which can be deposited in Canadian Banks?
I am landing in Canada soon and may return within short period. If I do not require this draft money I may bring it back and deposit in FCNR account in India. Due to the exchange rate fluctuation in Canadian dollar rates, I feel taking draft in U.S.$ may help to avoid loss.
Please give you suggestions.
Thanks ,

Bala

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Bala

sudesingh
Member since: Jul 04

Posts: 2085
Location: Toronto
Post ID: #PID

Posted on: 14-07-05 12:35:56

Quote:
Orginally posted by balaq8

Is it possible to get draft in U.S dollars which can be deposited in Canadian Banks?

You have to check with the issuing bank if they'll issue you a US$ draft drawn on a Canadian bank. Canadian banks will accept a US$ draft.

Quote:
Orginally posted by balaq8
I am landing in Canada soon and may return within short period. If I do not require this draft money I may bring it back and deposit in FCNR account in India.

I assume you are planning to open a US $ account in Canada

Quote:
Orginally posted by balaq8
Due to the exchange rate fluctuation in Canadian dollar rates, I feel taking draft in U.S.$ may help to avoid loss.

See response above. You can minimize the loss due to exchange rate, by opening a US$ a/c in Canada

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Massood
Member since: Dec 02

Posts: 1593
Location: Vancouver, BC, Canada
Post ID: #PID

Posted on: 16-07-05 10:57:17

Get a draft. Cheques [even if spelt properly] are not acceptable.

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Massood Joomratty, LLB(Hons), LLM

http://www.passportcanada.com" target="_blank">Your Canadian Immigration Lawyer

http://www.joomratty.com" rel="nofollow">LINK
+1-604-590-0607

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