Manila, Philippines - In filing for a visit visa application for countries like the UK, US, Australia or Canada, one of the most important requirements an applicant must present is possession and ownership of adequate funds to pay for all expenses if the application is approved.
Whether the application for the visit visa is to visit the UK, US, Australia or Canada, it is very essential for the applicant to show cash savings in the bank and that as depositor thereof, he or she has full control over the savings and can withdraw hard cash anytime or at will.
Proof of these may be in the form of bank certificates, bank statements and other financial documents issued by the bank or financial institution.
ECO-Friendly would like to stress, however, that aside from ownership of the funds, information regarding its origin also need to be disclosed and explained.
The source of the money is very important because the Entry Clearance Officer (ECO) needs to be certain that the cash in the bank was not merely borrowed by the applicant, because if this is the case, then the applicant does not possess complete control over the funds and this is merely SHOW MONEY which is one of the main reasons why most applications are refused.
So aside from the bank statements, bank certificates, financial documents and other proof of ownership, certain evidence to show the source or origin of the money should also be attached to the application in order to corroborate the applicant’s claim that he is the legitimate owner of the money deposited in his bank account.
Corroborative documents such as pay slips, official receipts, contracts or deeds showing how the money was obtained and its eventual deposit to the bank are adequate basis of legitimate origin of the money placed in the bank and show how it accumulated through years of deposit.
It is very essential that the ECO be 100% certain of the ownership and origin of the money in order to achieve a favourable decision. Non-disclosure of the origin of the funds by not presenting sufficient evidence of where it came from might be a cause for suspicion and be the basis of an unfavourable decision.
Another issue which all embassies consider in determining whether money in the bank account is sufficient to warrant a positive result is the date when the account was opened. If the bank account was opened only for the purpose of applying for the visit visa application and was commenced merely a few weeks or just months before the filing, then this is another red flag. Because if the applicant for the visit visa is a legitimate bank customer, common sense would dictate that the account should have been active several years before the application.
ECO-Friendly, however, would like to emphasize that although it is very essential to own a bank account in filing for a visit visa here in the Philippines, this is the general rule and like any general rule there are instances when exemptions to this general rule may be taken into account when considering applications. Thus, if there are valid reasons, or a perfectly compelling and legitimate justification why the applicant does not own a savings account or was only able to open it a few months before the applications is lodged, this may be taken into account by the ECO when the latter resolves the application.
Should this be the case, the applicant must provide sufficient explanation by attaching proof in the form of documents that will justify why the application lacks this vital piece of evidence showing the financial capacity of the applicant.
For more details on how to file visit visa applications whether for the UK, US, Australia or Canada with confidence and how to increase chances of approval, give us a call.
Click the contact box below to send us a message. Cheers!!!
Whether the application for the visit visa is to visit the UK, US, Australia or Canada, it is very essential for the applicant to show cash savings in the bank and that as depositor thereof, he or she has full control over the savings and can withdraw hard cash anytime or at will.
Proof of these may be in the form of bank certificates, bank statements and other financial documents issued by the bank or financial institution.
ECO-Friendly would like to stress, however, that aside from ownership of the funds, information regarding its origin also need to be disclosed and explained.
The source of the money is very important because the Entry Clearance Officer (ECO) needs to be certain that the cash in the bank was not merely borrowed by the applicant, because if this is the case, then the applicant does not possess complete control over the funds and this is merely SHOW MONEY which is one of the main reasons why most applications are refused.
So aside from the bank statements, bank certificates, financial documents and other proof of ownership, certain evidence to show the source or origin of the money should also be attached to the application in order to corroborate the applicant’s claim that he is the legitimate owner of the money deposited in his bank account.
Corroborative documents such as pay slips, official receipts, contracts or deeds showing how the money was obtained and its eventual deposit to the bank are adequate basis of legitimate origin of the money placed in the bank and show how it accumulated through years of deposit.
It is very essential that the ECO be 100% certain of the ownership and origin of the money in order to achieve a favourable decision. Non-disclosure of the origin of the funds by not presenting sufficient evidence of where it came from might be a cause for suspicion and be the basis of an unfavourable decision.
Another issue which all embassies consider in determining whether money in the bank account is sufficient to warrant a positive result is the date when the account was opened. If the bank account was opened only for the purpose of applying for the visit visa application and was commenced merely a few weeks or just months before the filing, then this is another red flag. Because if the applicant for the visit visa is a legitimate bank customer, common sense would dictate that the account should have been active several years before the application.
ECO-Friendly, however, would like to emphasize that although it is very essential to own a bank account in filing for a visit visa here in the Philippines, this is the general rule and like any general rule there are instances when exemptions to this general rule may be taken into account when considering applications. Thus, if there are valid reasons, or a perfectly compelling and legitimate justification why the applicant does not own a savings account or was only able to open it a few months before the applications is lodged, this may be taken into account by the ECO when the latter resolves the application.
Should this be the case, the applicant must provide sufficient explanation by attaching proof in the form of documents that will justify why the application lacks this vital piece of evidence showing the financial capacity of the applicant.
For more details on how to file visit visa applications whether for the UK, US, Australia or Canada with confidence and how to increase chances of approval, give us a call.
Click the contact box below to send us a message. Cheers!!!
Congratulations to Ms. Evan San Vicente on the approval of her Australia Visitor (subclass 600) application!!! Have fun with Lloyd in the land down under!!!
Click this ECO-Friendly contact box for your queries
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