Can the same 400K/800K be maintained in a bank account for multiple Non-Imm O visa applications without needing fresh transfers each year?

Jan 22, 2019
6 years ago
David ********
ORIGINAL POSTER
Non-Imm O extensions

A general enquiry - when using the lump sum option as financial qualification, can the same 400K/800k be left in the account for numerous years / applications (effectively as a bond rather than source of income) or does a fresh transfer have to be made every year with accompanied verification that it was sent from overseas ?
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TLDR : Answer Summary
When using the lump sum financial qualification option for the Non-Imm O visa, it is possible to maintain the required 400K or 800K in a bank account for multiple years without needing to make fresh transfers each year. While the money can remain in the account for years, it is essential to keep the account active with a few updates annually. Proof of funds being transferred from overseas is typically provided with the 90-day visa requirement, allowing the same bank deposit to be reused for visa extensions.
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David ********
ORIGINAL POSTER
Many thanks
James ********
I believe
*******
is OK.
Paul *******
Yes. Can use the same bank deposit over a number of years.
David **********
I believe the proof of coming from overseas is only the 90 day visa, extensions the money can stay in the bank
Robert *******
Money can stay in the account for years, but you need a few update a year to keep the account active.
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