Proof of Funds Calculator

What is Proof of Funds?

Proof of Funds (PoF) is a simple way to see how well students well to do finacially. Colleges and employers get it, no matter where you went to high school. It's like a common language that makes applying to college and scholarships simpler. You can easily keep track of your grades, and everyone knows what a 4.0 means, whether you're in school or applying for a job. It makes it easy to compare students even if schools grade differently. Proof of Funds (PoF) is like showing a bank statement or a letter from your bank to prove you have enough financial resources to get a visa or embark on a project. It shows you're good for the money by showing your account balance and past activity, so people know the money is real. If you’re after a student visa, you'll need to show you have enough money. This document shows you have enough money to cover expenses like school fees, living costs, and other things while you're studying in another country. It's just to prove that students and their sponsors can handle all the financial requirements and won't depend on the government. Every country has its own rules for proof of funds, including the minimum amount needed, what financial documents are accepted, and how long the money needs to be available. Your visa application could be denied if you fail to meet the requirements. .

For more information about Proof of Funds, visit the official website.