Many people misunderstand what proof of funds (POF) really means when applying for visas, especially from Nigeria and across Africa. There’s a common belief that all you need is to show big money sitting in your account. But that’s not true.
The reality is that many visa applicants get rejected even when they have millions in their bank accounts. Why? Because immigration officers don’t just check how much money you have. They want to know how clean, legal, traceable, and consistent that money is.
Why Visa Applications Get Rejected
Let’s be clear: proof of funds is not only about the amount. Officers look deeper into the story behind the money.
- That ₦5 million you borrowed yesterday and quickly deposited? They can tell.
- That transfer from your uncle’s business? They may ask for documents to prove where it came from.
If your money cannot be explained or traced back to a genuine source, your application can be refused. That’s why so many people with large accounts still face rejection.
The Real Meaning of Proof of Funds
Your proof of funds must meet these four qualities:
- Clean – The source of money must be legitimate.
- Consistent – Your account should show steady inflows and outflows, not sudden suspicious deposits.
- Traceable – You should be able to provide documentation for large sums (e.g., car sale, land sale, investments).
- Convincing – Your financial story must make sense to the visa officer.
Proof of funds is not about vibes. It is about strategy and documentation.
Why Proper Planning Matters
Traveling abroad requires planning. Some successful applicants have been planning their proof of funds for one or two years before applying.
When you see a family relocating to Canada, the UK, or Australia, you only celebrate their results. But what you don’t see is the process — the long-term preparation, the careful documentation, and the financial planning that went into their application.
Migration is not something you wake up to do in one week. It requires strategy from day one.
How POF NG Guides You
At POF NG, we guide applicants on how to prepare clean, consistent, and convincing proof of funds. Our approach is not about shortcuts — it’s about proper documentation and long-term planning.
We advise students and families to:
- Start their proof of funds preparation as soon as they begin admission processing.
- Strategically plan financial flows to avoid last-minute red flags.
- Document every major transaction properly.
This way, when it’s time to apply, your financial story is already strong and credible.
Start Planning Ahead
If you want to travel next year, start planning today. If your goal is to resume school in January or September, then the right time to prepare your proof of funds is now. That’s how you migrate the right way.
For example, one of our clients planning to resume in 2026 already started working with us to build a proper financial strategy. That’s how migration success stories are created.
Travel the Right Way
Migration is not just about showing money. It’s about:
- Planning ahead
- Having the right documentation
- Building a financial story that makes sense
At POF NG, we want to be part of your journey. We guide Africans on how to get POF right and migrate right.
If you’re serious about getting your proof of funds today, let us work with you. Contact us on Whtasapp.
Frequently Asked Questions on Proof of Funds
How much is the required POF for Canada via the study route?
Currently, students need to show at least CAD 21,000 for living expenses (for one year) plus tuition fees. This is higher than before when it was CAD 10,000.
Does work visa need POF?
Yes. Most work visa categories still require proof that you can support yourself before settling into employment. The required amount varies depending on the visa type.
Do we have to be making transactions in the POF account, or should it stay untouched?
Your account should show regular inflow and outflow. A dormant account with only one large deposit will raise suspicion.
If after submission of the application, can I withdraw the funds from my account?
Technically, once your application is submitted, the officer will assess your financial documents as of that date. However, it is advisable to keep the funds until a decision is made, in case of further checks.
Can I use a savings account from a mortgage bank?
It is better to use a recognized commercial bank. Mortgage banks are not commonly accepted unless they provide standard bank statements that immigration officers recognize.
Is it advisable to use investment plan for POF?
Yes, but only if it is liquid (easy to cash out) and you can provide supporting documents. Fixed investments may not be accepted as readily available funds.
Can one use his company proof of fund, and how many months bank statement is needed?
No, it’s better to use a personal account. Immigration officers want to see that the money is personally accessible. You generally need a 6-month statement.
Is microfinance bank advisable (like Opay, MoneyPoint, etc.)?
Not recommended. Stick with major commercial banks for credibility and easier verification.
If I’m being invited, will they still ask for proof of fund since the invitation letter states accommodation is covered?
Yes. Even with an invitation letter, you may still need to show funds for living expenses and personal upkeep.
Do you people give study loan?
Fly Matters does not provide loans, but we guide students on how to structure their finances and prepare convincing proof of funds.
Please, I need guidance on how to apply.
We offer consultations, visa training, and courses to guide you step by step. You can reach out to Fly Matters to begin your process the right way.
