Financial support and joint bank accounts

[scottybrittas 1]

Hi, my fiancé (petitioner) and I have a joint account in the US which we setup to get a credit file started for me.

 

My question is around the affidavit of support. If we have a lump of money in that account, does that count as his money so that it adds onto the total assets he holds? Or would it be better that the money in an account just in his name?

 

thank you

[debbiedoo 2,339]

unless its a significant asset i wouldnt bother to list it at all.

 

if it is being used as an asset for income qualification, i wouldnt be surprised if he could only claim half of it, if it is a joint account. but im not positive on that. for AOS youll definitely want and need the joint account but for k1 its not an issue or expected.

[NikLR 13,220]

He could claim all of it but as stated, unless it's a significant amount, I wouldn't bother.  Assets need to 3 to 5 times the amount of income (depending on the visa being seeked.)

[scottybrittas 1]

Thanks, and makes sense. 

 

His salary is close to the minimum required, so we wanted to make sure that cash assets was significant enough for that not be a concern by having $10k in cash in his bank account. 

 

At the point at which which the petition will be assessed, he will have been with his current employer for around 10 months, and income prior to that was well below the minimum. Is this likely to be a problem, or does a lot of weight get placed on current income and employment (which is all good)?

[debbiedoo 2,339]

16 minutes ago, scottybrittas said:

Thanks, and makes sense. 

 

His salary is close to the minimum required, so we wanted to make sure that cash assets was significant enough for that not be a concern by having $10k in cash in his bank account. 

 

At the point at which which the petition will be assessed, he will have been with his current employer for around 10 months, and income prior to that was well below the minimum. Is this likely to be a problem, or does a lot of weight get placed on current income and employment (which is all good)?

it can be consulate dependent at times, but mostly they are concerned about current and ongoing income

[scottybrittas 1]

I feel like this entire process is going to be spend worrying about the current stage and as soon as that passes, finding something to worry about the next!

 

Thanks for the helpful input. 

 

We’re going to keep the money in his own account, and each month I’ll gift him money too to make it a reasonable amount for when the time comes.