In general, for us in the US, the bank statement is backup. IF the college questions the balance, you have proof of the balance on the date you submitted. As of the date you submitted the CSS.
If he applies to other colleges, they may have some CSS questions not covered by your first submission.
For those RD schools using their on form…you need to put yourmassets as of the day you file THAT SCHOOL’S FORM.
You can’t use info from October.
In answer to your question of “how long is this financial info good?”
It’s good the day you file your forms. If you file a different form even one day later, you need to make sure the asset balances are the SAME and if they are not, you need to use the current info.
Current as of day of filing is the rule for asset balances. Not one day old, not one week old, not one month old. Day of filing…so check.
@lookingforward You missed that I opened this thread 1 Nov. That time it was for EA. But now that is already in days past.
Now my son applying to another universities under RD. So I need to take care about financial side.
Sorry. I do miss dates.
But see what thumper is saying.
We US citizens do not submit the bank forms. We check balances and ensure the reported info is correct on the day submitted.
Now, if another college uses it’s own FA forms, they need to be accurate as of the day submitted. If another college does use the CSS, you have already filed that.
But @thumper1 If the new college has it’s own CSS supplemental questions, will OP need to update the CSS to answer those? Will there be a trigger?
Please help me with one more issue. Now I must fill “2019-20 International Student Certification of Finances” for one college. In header of form is “CollegeBoard” so I believe college using standard form from CollegeBoard site.
For “Student’s Sources of Funds” in “8a. Personal and Family Savings” must be name of bank and then “Assured Support 2019-20” and “Projected Support 2021-23”. And downside Signature of Bank Official.
I can’t imagine that any Bank Official will agree to sign that. Because bank just keeping my money and nothing else. They can’t FORCE me to do anything. How they can take responsibility for some my transfers in future if they haven’t ability to make me do it? May be I understanding something wrong?
I absolutely understanding WHY it required and WHAT college really want to get. But I don’t understanding how to force Bank Official sign that as it. By fact that is request of bank warranty that in 2021 I will transfer that amount, in 2022 those amount, ect. Bank haven’t ability to force me do that, so they wouldn’t take responsibility for that.
Probably in USA this form well known to all bank and that’s why for you not a problem to get signature. But I’m confident that when I will came with this form to my bank in Dubai, Bank Official will get same questions as me now.
That is not about money. For me no any problem to show money at my account. But that form requesting absolutely another thing. It requesting bank warranty of some my actions with my money in future. And bank can’t do that.
The college wants verification of what is in your bank account NOW. If they are requesting this as part of the application process, it’s in your best interest to provide the info.
You know…Dubai isn’t exactly a rural developing country. My bet is you will be able to get a verification signed by your bank. Ask and see.
If the bank says they will not sign anything that verifies your account balances…then call the college in question.
@thumper1 I really appreciate your support. But now you answering about another things that I’m asked about.
Problem that this form don’t require verification of what is in my bank account NOW. That I can do easy and get from bank stamped certificates. But this form require bank authority signature under prediction that in 2021 I’ll transfer to USA that amount, in 2022 I’ll transfer to USA that amount…
And that is totally different from verification of my bank accounts now. About that I can’t understand how to get signature from bank. Bank can’t be responsible for MY actions in the future and for sure they will refuse to take such responsibility.
Look…the colleges want YOU to do this…so get it done. Sparring with me about it is going to do you no good. If the college wants this done…get it done. Otherwise, you won’t be studying at THAT college.