Proof of Funds for Australian Visa App

Travel Forums Australia / New Zealand & The Pacific Proof of Funds for Australian Visa App

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1. Posted by ciarawhelann (First Time Poster 1 posts) 5w Star this if you like it!

Hi everyone! I am an American applying for a visa to work and live in Australia next year (Subclass 462).

I'm planning ahead big time but want to get the visa sorted before I need to make big life changes in order to save money (move to a cheaper place, extra shifts, etc.). That being said, I don't yet have enough money in my account for the "evidence of funds for stay in Australia" section of the visa application

I've reached out to family for support and they're all in for putting some money in my account for the bank statement and then I'll transfer it back later. They're concerned though that a major lump sum deposit in my account that will be shown on the bank statement I send in will be a red flag and could keep me from getting the visa.

Are they crazy or is Australia super strict about this part? I just figured I wouldn't have to show this proof of funds until I got there so this was a curveball for me.

Hope my question was clear. Thanks in advance for your words of wisdom!

Ciara

2. Posted by Peter (Admin 6569 posts) 5w Star this if you like it!

My experience with this goes back 20 years now when I had to do something similar to get my working holiday visa for Australia. I did pretty much the same thing you're proposing (a lump sum transfer) and there was no issue whatsoever. They also didn't check it at all when I entered the country even though I had printouts of bank statements etc.

Of course things do change over time, so I have no real idea how strict they might be now. I kind of doubt it would be much different though. I feel the main reason they have that stipulation in there is as a reminder to you that you are responsible for having a healthy bank balance when you start your trip.

Hopefully someone with more recent experience can chime in.

3. Posted by SOMV (Budding Member 58 posts) 5w Star this if you like it!

Hello Ciara,

Peter may be right about what happened 20 years ago but these days the Department is quite strict and if they do look at the bank statements and notice that all of a sudden a big lump sum has been deposited, yes they may well ask questions. You could say that your family members gifted you the money for your trip, but that may lead to a request for confirmation (in writing) from your family members that the money deposited in your account is indeed a gift.

So you do have to be prepared just in case that question does get asked and the further evidence is requested.

Cheerio,
Veronika

4. Posted by Andrew Mack (Respected Member 443 posts) 5w Star this if you like it!

I sold my apartment/car/shares/inherited jewellery, got a redundancy payment/inheritance etc etc
There are loads of reasons for a large amount of money being moved into your account, so I'd be amazed if they do anything more than ask why.
You may have to explain it to the taxman as banks may have to report unusual large receipts to them (they do in the UK) to combat fraud/drugs/money laundering etc.

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