PROOF OF FUNDS for Australia STUDENT VISA - Single & Family Applicants (Updated Video)

[@lifewithchioma]

You can skip to 1:43 to get right to the point. Does this video answer your questions regarding proof of funds?

[@emenikeudochukwu8613]

Good day ma'am, please can I ask you this one question, please how's the interview be? Like is there any chance of interview?

[@lifewithchioma]

@@emenikeudochukwu8613 Hi! Australia immigration does not conduct visa interviews, as far as I am aware, except if it has become a recent requirement.

[@emenikeudochukwu8613]

@@lifewithchioma thanks ma!! God bless you

[@onyekachukwuanthony3618]

@@lifewithchioma please no interview? How does one go about biometric, submitting application, documents and collection of visa finally?

[@osahondestinyedoomoregie897]

Thank you very much, I have been having difficulty with this, but now I understand clearly

[@annjea8826]

Hi thank you Chioma - as usual your explanations are very clear.👌 Keep it up

[@Naijamuminaustralia]

You nailed this Sis hope this help someone out there planing to study here

[@lifewithchioma]

Thanks, sis.

[@aiinemmyke882]

This is so brilliantly explained

[@AbisolaOluOjo]

Quality content as usual. Thanks for sharing this. Super helpful 👌 💗

[@lifewithchioma]

You're welcome!

[@EnglishPrepClass]

Well detailed information. Good job Chioma. This will be helpful indeed

[@lifewithchioma]

Thanks Juliet. I appreciate you stopping by

[@preciousmoses9702]

Thanks so much for this video...i actually needed this and you uploaded this...thanks so much🙏

[@lifewithchioma]

You're welcome. Glad you found it useful.

[@vincentwhite4021]

Very well explained. Thank you Ma

[@belyjoyvillaneza4010]

I thought welcome to my Chanel 😂 I love you girl thank you for putting a lot of efforts in your video.

[@lifewithchioma]

You're so welcome!

[@susanmunge4942]

This amazing. Quality content. Keep up..!

[@lifewithchioma]

Thanks, Susan

[@abdulwasiuadeolabisiriyu5486]

if the kids are not going with one within the time of the travel because you gave the candid advise not move initially with the kids

[@abdulo8963]

Please, do you mean that the required POF amount must be sitting in my account for 90days before visa application?

[@lifewithchioma]

Yes, Abdul.

[@abdulwasiuadeolabisiriyu5486]

i just love your videos, informative. i just got new infos now pertaining to how other family members except spouses and parent (to give 72+). i took it the other ways. sorry for my question. Can both the financial institution(banks or loans) and the other family members stand as the source of the sponsorship? or its just one of them. just curious? in anticipation of your response. thank you

[@theajaoalimat]

Thank you again for this video. My question is 1. In the case where I am my own sponsor, will I need to show proof of how I was able to have that kind of huge amount in my personal Bank considering I have not been working for long? 2. Does the Australian embassy flag lumpsum amount deposited in an account? I hope you see this. Thank you so much❤️

[@lifewithchioma]

Hi Alimat, yes, it may be questioned and you may have to provide an explanation for the source of the money. But please seek further advice from an agent because things may be different now from when we applied.

[@theajaoalimat]

@@lifewithchioma Thank you so much

[@SPORTSRecords0607]

Thanks alot chioma 🙏🥳Great content as usual, finally I understand the intricacies and rationales surrounding the POF issue. Please my question is after I complete 1 year Graduate certificate, Can I extend my study visa to apply for another course, to make total of 2 years so I can get the PGWP and have points towards PR

[@chiamakaeneh4378]

I love u gal. Ur video is so informative

[@Hopefulhope544]

Good day Chioma, am looking at coming with only my spouse and am currently working with a micro finance bank who can give proof of financial capacity, so my question is if I can get the loan on my name as the sponsor, been the main applicant and should I calculate based on the example below Main application living expenses Spouse living expenses Balance of the first year tuition fee Travel expenses *2

[@AbisolaOluOjo]

I absolutely love how you started this video!

[@lifewithchioma]

Me too, haha😁

[@AbisolaOluOjo]

@@lifewithchioma 😁😁💓

[@oluwafemiayoola1377]

Hi Chioma, very informative video❣💯💯💯...what if you have a postgraduate research scholarship that covers most of these fees...does that waive this proof of funds requirement?

[@oluwafemiayoola1377]

you answered this at the very end, thank you so much

[@Peenike]

Thanks for this video ma...Will outsourcing loan for my school hinder my chances of visa approval? NB: proof of fund will not be a problem. 2. In case of couple without children, will you advice the primary applicant to go first and the husband join later so she can use the husband as strong ties for visa approval. Thanks as I await your response ma

[@lifewithchioma]

Hi Precious, I think your enquiry is better directed at a migration agent. Goodluck.

[@Peenike]

@@lifewithchioma okay ma

[@citizenwatch8234]

Hi Chioma! You are an inspiration. I am looking into doing Master's in Social Work and bringing my 10 year old boy. How much you reckon would I need to have in my bank to show my financial capacity? And may I know which Uni you took up your masters please. I can't thank you enough for putting these videos. By the way I am coming from the Philippines.

[@lifewithchioma]

Hi, I am happy you find the videos helpful. For information about how to calculate POF for family applicants, please watch the video from 07:59. I attended ACAP and have made a video about my experience there. Here's a link kzbin.info/www/bejne/bpeUnX2IlJVojNk. Good luck to you!🙏

[@peterokomoh1407]

Thanks for your very informative videos. They've been a huge source of help. In the case where a husband is sponsoring the primary applicant (his wife) and her dependents (himself + 1 year daughter) and is providing his tax assessment. Will he still be given a Visa to travel? I read somewhere that if the spouse is the primary applicant's sponsor and is providing his/her tax assessment for the PoF, he/she should not be intending to travel to Australia as well. How accurate is that please?

[@lifewithchioma]

Hi Peter, unfortunately, I can't verify that information as I am not a migration agent, but this is the first time I am hearing this myself.

[@abdulwasiuadeolabisiriyu5486]

thank you so much, can a spouse and bank loans be used at the same time for the proof of fund? and can the proof of fund be be in two separate banks in the same name?

[@lydiagyamfua399]

Thank you so much for this video, Chioma Can you use two people as your sponsor's?(aunty and uncle)

[@lifewithchioma]

Hi Lydia, my suggestion is if they have previously sponsored your education and you have evidence, it may be an option. However, please seek professional migration advice on this. Thanks

[@isaacarinze6289]

Pls do a video on the best state to leave in Australia,whether is south Australia or Perth or Sydney etc

[@lifewithchioma]

Hi Isaac, that will be difficult. I have only lived in Sydney and Australia is a massive country. The 4 most popular destinations are Sydney, Melbourne, Brisbane and Perth.

[@isaacarinze6289]

@@lifewithchioma what abt south Australia

[@lifewithchioma]

@@isaacarinze6289 South Australia is not bad too, but like I said, I don't say any of this with any authority. I know people who have left Sydney for Adelaide, even Tasmania and vice versa, so people settle in different places for various reasons.

[@isaacarinze6289]

The illustrations u gave earlier is in American dollar or Australia dollar

[@lifewithchioma]

All in Australian dollars.

[@jamescena6334]

Great content

[@mpumelelolinda3537]

Chioma is eveidemce of financial capacity compulsory for all students?

[@mpumelelolinda3537]

I have checked the immigration website, evidence of financial capacity is not a requirement for my country. I had to to verify by changing to another country..i saw that South Africans are not required to show evidence of financial capacity bit Nigerians are required to .Woud you plz check if i got this correct?

[@k_ruks2685]

Hello I would like to know if it is necessary to hold our tution fees+living expenses in our bank account for atleast 3 months before we submit our visa application.

[@kipngetichcornelius]

What if i have a family friend in Australia, can a family friend sponsor me with a bank statement?. My family friend is a permanent resident

[@chetuyaogechukwu9007]

Good day Chioma, please I want to ask can one use treasury bills as pof??

[@ruthuzoma7722]

My dear chioma please i want to upgrade to bsc still in my couse as i am studying diploma this year but next year i move to bsc and i am asked to apply for a new visa how much can be enough for prove of fund and fir my partner in Africa that i will be adding to the visa. My sister here will also show sponsorship letters and bank statement.

[@rychirychi3315]

I have an offer from the University of Sydney (master) with a Vice Chancellor scholarship but I am still required to pay 21000 as an initial payment. Please, I will need to talk with you for more clarification. Thank you and hope to hear from you soon.

[@lifewithchioma]

Hello, I have no personal experience with scholarships and because there's a diverse range of scholarship types across different schools, it's difficult to know the requirements of each one.

[@sh4086rahim]

If I got a full scholarship, do I still have to show proof of funds? I noticed most people recommending to show that you have money in your account. Is that always the case?

[@Nnamdiwisdom101]

How many months will the money be in your sponsor Account...

[@lifewithchioma]

3 months is the standard.

[@Nnamdiwisdom101]

@@lifewithchioma can a payslip(With tax assessment) and bank statement be combine for proof of sponsorship..because when calculating my proof of sponsorship it sum up to a total of 44,400aud but my sponsor has 40,000aud and also presented his pay slip..

[@okaforemeka8036]

Chioma please is it only student that can travel to Australia? What of unskilled workers? I want to travel to Australia to work can't I be granted visa to work?

[@laffoutcomedy5620]

I have a question ma, My mum is a trader nd d money she got from her trading business she put everything in my sister's acct, And through money in my sister's acct she used some of it to sponsor me during my sch here.. how do I go abt d POF?

[@sboemanya7827]

Hie Chioma, does the sponsor have to be a blood relative? My sponsor is a very close family friend.

[@lifewithchioma]

Please seek professional advice from a registered migration agent. I can't advise on this unfortunately

[@ijeomaanigbogu4933]

Your spouse or your parents will need to show evidence that they earn that amount in 1 year. The way to show this is to present tax assessment not through bank statements I don’t really understand this…..does it mean my husband wouldn’t have this money(62k Australia’s dollars) in his account. Am a bit confused

[@lifewithchioma]

Yes, here in Australia, you get a tax summary every year. This is a document that shows how much you earned in a year and the tax you paid. If your spouse or parent can show this document, a bank statement is not necessary, but again, please I am not an expert on this. I only relayed information I found on the immigration website.

[@stepheniheme813]

Can I apply for an Australian student visa using an institute, Coz most people would say university student visa application is better.

[@lifewithchioma]

I suppose you can, but the reason well known schools are recommended is due to the higher perception of risk in smaller, less-known Institutes.

[@thedoverboy]

Hi chioma, you are doing a great job. My question is, do i need to show funds through my personal account or through my dad's account. Because we have money divided in between both of us in 50:50. For instance, is it good to put all the amount in my personal bank account? If yes, still, do i need to show tax assessment proof? What supporting documents do i need if all the cash would be in my bank account?

[@deewana587]

Good day, my dad is my sponsor and the fund is in his account but the issue I'm having now is that my dad is retired and a pensioner, part of the fund is loan from a financial institution and some properties sold. The money has been there for almost 80 days now. Can that suffice please?

[@lifewithchioma]

Hi Dee Wana. Just a bit more to go to hit the 90 days. I would say get to that threshold before applying - just to cover your bases. As for the source of the money, as long as you can prove your access to the money, the source, your relationship to your sponsor and the stability of the finances, I would think you should be fine. Good luck!

[@deewana587]

Thanks so much

[@Natty_Prissy]

When denied visa cos of financial prove how do you fix it

[@mariagonda2353]

Hi Chioma! Let’s say I have 50,000 AUD divided into three banks. I’m just a graduating student, I haven’t had a work experience. My money is from a small business that I had established last 2022 during the pandemic and also from the lot that my family had sold. The money is under my name and I will be the one to pay for my tuition fee, living expense, and every process for visa application. What are the chances that I will be granted for student visa approval? Or will the bank ask me to provide any proof where I got my money since I dont have work experience?

[@lifewithchioma]

Hey Maria! Yes, it's highly recommended that you show not only the money but the source of the money. It's also great if you can show stable bank accounts, as I mentioned in the video. Thanks for watching

[@jonathankale]

Hello Chioma! In the case of an education loan, can an applicant use a "Sanction Letter" from the bank Proof of funds for the visa? This sanction letter will consist of Tuition fees along with living expenses and insurance.

[@lifewithchioma]

I am not sure what a sanction letter is. Maybe clarify this with an education agent. Thanks

[@jonathankale]

@@lifewithchioma Thank you, Chioma. :)

[@ernestinaokyere7724]

Hello, thanks for this video...How do I calculate the fees left if I get a scholarship

[@lifewithchioma]

Hi Ernestina, if your scholarship covers only your tuition, calculate your living expenses as explained in the video. If you get stipends on your scholarship toward living expenses, calculate the total amount in stipends and subtract from the standard amount as set out by immigration. Add your travel cost to that balance and show as evidence if you are coming alone.

[@adeoyeabiola7381]

I am a man of 42 years of age,can my inlaw who is on the USA sponsor my masters in Australia?

[@lifewithchioma]

@@adeoyeabiola7381 Yes, they can. They will need to provide a sponsorship letter too

[@constanceudofia6062]

Thank you Chioma, can fixed deposit be used to show proof of funds?

[@lifewithchioma]

Yes it can, as long as you also demonstrate that accessing the money to pay your fees or cover living expenses will not be an issue.

[@constanceudofia6062]

@@lifewithchioma Thank you for your response and time

[@osahondestinyedoomoregie897]

If someone is to sponsor me, what is the least amount he/she is to have in the bank statement?

[@keziaheluwa1350]

I have two kids who are not of school age. Do I need to show POF for their schooling since they are not of school-age?

[@lifewithchioma]

I thought I replied your comment earlier, so pardon me if this comes in as a duplicate comment. You only need to show proof of funds to cover their living and travel expenses since they are not of school age.

[@jerryjose5880]

Hi Chioma, if a relative is sponsoring me, does this fund need to be present in my account at the time of visa application or will it be okay if that money is lying in my relative's fixed deposit account provided I have a sponsorship letter from him? Please reply.

[@lifewithchioma]

It may remain in their account as long as you can show evidence of your access to the money. Please speak to a qualified agent for more information on this. Thank you.

[@preciousmoses9702]

my husband is my sponsor and he runs a company..the funds are available in his company account..do i need to move the funds to his personal bank account before applying? cos someone told me the embassy is more convinced if sponsor is submitting a persinal account

[@lifewithchioma]

Hi Precious, this is my opinion (and I am no expert). In addition to the funds, you need to prove your relationship to your spouse and that you have access to that money. In this case your husband will need to write a sponsorship letter in addition to providing his business documents (eg business registration, tax assessment and any other document to show the business is thriving). If you are signatory to the business account, you also want to state that to demonstrate access to the funds. Just a few suggestions.

[@lawrenceadedeji4103]

Good evening ma, my name is PST Lawrence Adedeji from Nigeria, how can you assist me to get Australia scholarship for my daughter she wants to study medicine and surgery.

[@Rukkie]

Please, when can one print the bank statement, is it immediately it completes 90 days?

[@lifewithchioma]

After 90 days, you're good to go

[@uncleshowOJ]

@@lifewithchioma Chioma, please an agent is telling me I have to provide POF for 6 months and I just watched your video where you said 90 days. I am a bit confused could you please explain further? Thanks in anticipation

[@estheryorke9957]

At what age are u suppose to bring your children coming in to join u on your study permit.

[@lifewithchioma]

Hi Esther. Soon as you commence your course as a student visa holder, you can apply for your family members to join you. No age restrictions

[@phyllisnkechi4574]

Can 25% of the pension pool count.

[@lifewithchioma]

Not sure I understand your question, Nk. Can you clarify?

[@phyllisnkechi4574]

@@lifewithchioma thanks Chioma,I am speaking on the RSA contribution with the PFA.For Canadian visa reqest 25% of the total contribution can form part of proof of fund.This amount is accessible 3 months upon once resignation

[@ijeomaanigbogu4933]

Can a spouse that earns about 200k but we have a close family friend that is willing to give us the proof of funds still be a sponsor?

[@lifewithchioma]

Hi Ijeoma, unfortunately I have not come across any information relating to demonstrating proof of funds through a family friend. Please speak to an agent if you can.

[@samuelebongho9007]

This is so informative. Please can my cousin in australia act as my sponsor or show proof of fund to support my visa application?

[@lifewithchioma]

Maybe. I am not sure. You will have to speak to a good agent about this. My non-expert recommendation will be that your cousin needs to provide a sponsorship letter and any proof that they have sponsored you in the past, but again, please verify for yourself.

[@ghagha3983]

How to prove that my cousin will support the rest of expenses

[@lifewithchioma]

Please talk to a migration agent

[@miledsaad3636]

Hello dear, If i dont have a bank acc how can i get a proof of funds there are any way to do this?

[@lifewithchioma]

If you watched the video all the way through, I mentioned all the ways to demonstrate proof of funds.

[@miledsaad3636]

@@lifewithchioma okey dear my question is can anyone sponsor me or have to be a blood related or a financial institution?. Can the agent who apply for my student visa sponsor me ?

[@znatureviews4976]

@@miledsaad3636 same question

[@betweentheseaandus3419]

Good day Chioma, thanks for the video. Is educating. Can my company sponsor me for a year study.

[@patchichianyanwu755]

Please could you send some cheaper schools for Nigerians in Australia?

[@lifewithchioma]

Hi Patchichi, I am not an expert in finding cheap schools, but I have found this website useful in searching for and comparing schools and tuition fees www.idp.com/australia/search/social-work/postgraduate/. Enter the course you want in the search function and check out the results.

[@AbisolaOluOjo]

Hi Chioma 👋 🥰🥰

[@lifewithchioma]

Hullo luv😍

[@marysimon4483]

Your house lovely. You should do a house tour

[@lifewithchioma]

Thanks Mary

[@davidnyambura6294]

mary simon focus! haha

[@seanNetX]

Thanks for your video. Can you share an email or website where i can ask some questions if you don't mind

[@Mohamed-yl3mz]

Good day. My grand aunt who is a Australian citizen living in Adelaide will be sponsoring me. Meaning I’d be living with her so I don’t have to pay for rent or pay for food. She will also be paying for my studies. So will she still need to prove that she has the $21,000 for living expenses if I’ll be living with her? Thank you so much

[@lifewithchioma]

Hi Mohamed, I suppose you will still need to prove the genuineness of that arrangement to immigration. I can't say whether you will still need to show monetary evidence. Please speak to a registered migration agent to clarify this. Thanks.

[@Mohamed-yl3mz]

@@lifewithchioma Thanks for your reply. Could you please recommend a few trusted migration agents. Thank you

[@cyrussiele7720]

Hi Chioma, I want to come and study there, thereafter I bring family, could I manage to take care of my family in terms of needs?

[@lifewithchioma]

Yes, you can bring your family during or after your studies. If you have children, it's best to have your partner with you as you may struggle to shoulder the living expenses by yourself while you study.

[@amandaduma4041]

Will the partner be allowed to work full time if they came as a dependent to one holding a student visa?

[@princechucksshow291]

Hi ada igbo are you on Instagram I want to ask you something private

[@ernestinaokyere7724]

Hello, please is it advisable to select a course that lasts 1.5-2 years.... Will I get the 2-3 post study permit with such a course

[@lifewithchioma]

Hi Ernestina, I just realised I didn't reply this comment. Yes, you will still get the post-study visa. Just think carefully about studying a course less than 2 years in duration because you may not get points for the Australian study requirement toward PR.