Qualify for IR1 based on Assets only

[Ash23122 22]

Has anyone of you here applied for the immigrant visa (IR1/CR1) and got approved at the interview solely based on your assets/cash in a foreign bank account? 

 

Would like to know whether the assets/cash must be held in the US bank account or if they can also be held in a foreign bank account.
 

[Raja007 67]

Read this might be of some help to you.

 

 

https://citizenpath.com/faq/use-assets-i-864/#:~:text=The sponsor may only use,to cash within 12 months.

[Chancy 6,241]

*** Moved from IR1/CR1 Progress Reports to IR1/CR1 Process & Procedures ***

 

16 hours ago, Ash23122 said:

Would like to know whether the assets/cash must be held in the US bank account or if they can also be held in a foreign bank account.

 

While it is technically not required for cash assets to be in a US bank account, if the consul officer at the visa interview says that the assets must be US-based, then it becomes required.  It's up to the CO's discretion.  Many COs prefer that the qualifying assets be based in the US so they can be easily accessible to support the immigrant, following this guidance from https://fam.state.gov/fam/09FAM/09FAM060114.html --

 

"The sponsor or joint sponsor may include their assets (and offsetting liabilities), and/or the assets of any household members signing Form I-864A, as income to make up any shortfall toward meeting the Federal poverty guidelines.  The assets (including bank accounts, stock, other personal property, and real estate) must be available in the United States for the applicant's support and must be readily convertible to cash within one year."

 

[pushbrk 12,975]

3 hours ago, Chancy said:

*** Moved from IR1/CR1 Progress Reports to IR1/CR1 Process & Procedures ***

 

 

While it is technically not required for cash assets to be in a US bank account, if the consul officer at the visa interview says that the assets must be US-based, then it becomes required.  It's up to the CO's discretion.  Many COs prefer that the qualifying assets be based in the US so they can be easily accessible to support the immigrant, following this guidance from https://fam.state.gov/fam/09FAM/09FAM060114.html --

 

"The sponsor or joint sponsor may include their assets (and offsetting liabilities), and/or the assets of any household members signing Form I-864A, as income to make up any shortfall toward meeting the Federal poverty guidelines.  The assets (including bank accounts, stock, other personal property, and real estate) must be available in the United States for the applicant's support and must be readily convertible to cash within one year."

 

Correct but for the spouse of a US Citizen the I-864 is not necessary.  The assets are simply stated on the I-864 as separate, if they are, or just listed as owned by the petitioner, if they are joint.  Most likely for Australia, not a big deal to have the assets in OZ.

[pushbrk 12,975]

1 hour ago, pushbrk said:

Correct but for the spouse of a US Citizen the I-864 is not necessary.  The assets are simply stated on the I-864 as separate, if they are, or just listed as owned by the petitioner, if they are joint.  Most likely for Australia, not a big deal to have the assets in OZ.

Oops, I mean the I-864a is not necessary.  Doh.

[Ash23122 22]

8 hours ago, pushbrk said:

Correct but for the spouse of a US Citizen the I-864 is not necessary.  The assets are simply stated on the I-864 as separate, if they are, or just listed as owned by the petitioner, if they are joint.  Most likely for Australia, not a big deal to have the assets in OZ.

Perfect - thank you so much 😊