Proof of Funds From Saudi Bank Accounts for Canada PR

j Nihad) process. Under Saudi banking regulations, once your Iqama is cancelled, the bank is notified and your accounts are frozen. This freeze is meant to ensure that all local liabilities, utility bills, and credit card balances are settled before you leave the country. (62 words)

    If your accounts are frozen, you will lose access to your savings, making it impossible to transfer your money to Canada or prove to IRCC that the funds are available to you. (33 words)

    To avoid this situation, you should open a bank account in your home country or with an international bank before your employment ends. Once this account is open, transfer your savings out of Saudi Arabia while your Iqama is still active. (43 words)

    Because IRCC will notice a large, sudden deposit in your new account, you must document this transfer carefully. Keep copies of your Saudi bank statements showing the withdrawal, the official SWIFT transfer receipts, and the receiving bank statements showing the deposit. (42 words)

    You should also write a clear letter of explanation to the visa officer. Explain that you transferred the funds because Saudi law requires banks to freeze accounts upon the cancellation of an Iqama. This explanation helps the officer understand that the transfer was a regulatory necessity rather than an attempt to hide borrowed money. (52 words)

    Managing this transfer is just as important as securing your police clearances. If you plan to spend time in your home country before moving to Canada, you can read our guides on [moving to Canada