Overtime, we’ve heard new customers express their pains in failures of previous proof of funds document, with reasons ranging from my visa application was rejected because of my proof of funds, I was told my proof of funds is inaccurate, I had a lump sum in my account.
The proof of funds document submitted for previous application, clearly didn’t follow embassy guidelines so it was rejected.
Common mistakes that occur in the process of preparing proof of funds document and how they can be avoided are included below, your next proof of funds should meet necessary visa application requirement.
- Inconsistent Names, Dates, or Details
Different names on all submitted documents. “ALICE WASIU ZAINAB is not the same person as ALICE KEHINDE WASIU”. Every name, date or details should be in same format all through.
At all times, all submitted documents should follow same names arrangement, same date and other personal details should always be the same, no difference at any time.
- Stories that don’t match your reality.
You can’t be a recent student and have a sudden cash that amounts to N60 Million naira in your account or a salary earner with a monthly income of N200,000 and have savings worth N50 Million naira (if you do, you need solid letters to explain how you come about the funds).
- Accounts you don’t have total control over
Locked investment, would reduce your chances because, you don’t have direct access to the funds. The bottom-line is if you can’t access it, it can’t be used as a proof of funds document.
- Irregularities in document
Submission of document prepared solely for proof of funds, documents not carrying official details are dangerous to a visa applicant. Every document would be checked thoroughly to ascertain your claims.
- Showing Sudden Large Deposits with No Explanation
A sudden deposit of large sum would not work. That’s an outright No for your application. Embassy considers the money as a means of tricking them into believing you have the balance showing in your account. If you have it, show us over an extended period of time.
The best way to avoid being questioned about large sum, is when the funds has stayed untouched while you still perform other transactions. Your financial capacity is what the embassy is interested in.
For a successful application, ensure submission of an error free, detailed and comprehensive proof of funds document. Many proof of fund’s rejections are not caused by lack of money, but lack of structure and clarity.