<p>I was rejected because my consular was not convinced with my $25k fund. In my case, my I20 shows total of $20k per year and $14k(Sunrise Bank) was funded by my grandfather and another $4500 was funded by my uncle. Furthermore, my grandfather invested $25k in a private firm because that gave high interest rate, so for visa purpose we withdrew that money and made a new bank account in Nabil Bank in another bank and deposited there. I did few transactions with Nabil bank's account. I do have paperworks (agreement letter) with that private firm. I attached that letter along with my bank statement and consular didn't even look at the paper. </p>
<p>My interview was on june 18 (New account so transaction of few days were shown)
V.O :lump sum of $25k deposited in may 27. Explain?
Me : Said as described above (High interest rate; see agreement letter)
V.O: I am not convinced with your funds. I deny your visa..</p>
<p>So, what should i do exactly?? Make bank drafts?? I want to reapply for my visa interview in early july.</p>
<p>Please guys, your help will be greatly appreciated. I am going through bad time... :(</p>
<p>I can see two big reasons for concern here. </p>
<p>First, the consular officer may not be convinced that you’ll actually have access to that money. It happens a lot that someone will lend a visa applicant money (just to produce the bank satements for the visa application) and then take that money back once the visa was granted. That may be a concern here since the account was opened so recently. The best way to deal with that concern is to park the money in an account that will guarantee you access to the money when you need it - for example, an escrow account or a trust fund. </p>
<p>Second, the consular officer may not be convinced that you would be able to fund the remaining years of your college education. Is there more money where that $25K came from? If not, how would you produce $20K+ per year for the remaining 3+ years of your college education?</p>
<p>No there wont be any money left in that firm if we withdrew $25k from it. We have properties of around one million dollars so we can take bank loan for 3rd and 4th year of my study. I think I’d transfer after a year though. Our yearly income is around $10k, and my uncle has around $70k per year…</p>
<p>My friends suggested me to split $25k in smaller amounts instead of depositing it in a lump sum to another bank account(this account has longer transactions: more than 8 years), and deposit/withdraw day my day and so as to increase transaction history and reapply again in July. </p>
<p>I am also an international so I understand how frustrating it is to have to proof your funds, but it is understandable that the US requires us to do this.
First of all, there is one big problem here. The consul will require you to show liquid assets for your first year, and that you WILL have funds for the remaining years. This means you only need to have enough money for the first year in a bank account (and you do, by the way), BUT you do need to prove, through income or tax returns or something that you will have funds available for the next three years.
If your uncle or grandfather have agreed to sponsor you and you have proof of their income as well as a signed and notarized letter from them, then everything’s fine. However, the VO will not accept deeds of million dollar properties as proof of funds. You would have to make the home equity loan for your studies before you apply the visa so you can have proof that you will be able to pay for your education. When the VO asks for an explanation for the lump sum, explain that you’ve made a home equity loan.
He probably denied your visa because you could only show proof for the first year. </p>