Zelle for Proof of Income??

[cadetsuperstar]

Hello, I’m working on collecting the documents for my visa. I am using my LLC as source of income and I was advised that I need to show on my bank statement a transfer from my business account to my personal account, that I’m paying myself.

I haven’t seen a lot of information about this, is it ok to Zelle myself that money or do I have to do a very formal transfer?

Thank you

 

[Caribbean Cool]

Hello, I’m working on collecting the documents for my visa. I am using my LLC as source of income and I was advised that I need to show on my bank statement a transfer from my business account to my personal account, that I’m paying myself.

I haven’t seen a lot of information about this, is it ok to Zelle myself that money or do I have to do a very formal transfer?

Thank you

Who knows? I would bet that there is no answer to that. And would bet that a bank transfer is the only acceptable document. A bet.

 

[carride]

Hello, I’m working on collecting the documents for my visa. I am using my LLC as source of income and I was advised that I need to show on my bank statement a transfer from my business account to my personal account, that I’m paying myself.

I haven’t seen a lot of information about this, is it ok to Zelle myself that money or do I have to do a very formal transfer?

Thank you

In the US, a very normal movement of money on a regular basis would be an ACH Transfer. So normal they might just skip the ACH wording in the bank help page, by just calling it a transfer. Very easy to setup from your business bank account, and then send as you need. Zelle would be less common, especially to/from yourself. And a Domestic Wire transfer is unnecessary

 

[wineguy999]

Hello, I’m working on collecting the documents for my visa. I am using my LLC as source of income and I was advised that I need to show on my bank statement a transfer from my business account to my personal account, that I’m paying myself.

I haven’t seen a lot of information about this, is it ok to Zelle myself that money or do I have to do a very formal transfer?

Thank you

You can set up a regular ACH transfer to yourself, and even give it the name Payroll. With most banks, it should appear on the statements to reflect a payroll deposit from your company's name.

 

[SlowWalker]

Do you have someone assisting you with the immigration process or are you submitting on your own?
You may want to ask them.

If this LLC has been operating and paying you previously then do you have monthly payslips that you could submit?
Then an Argentinian accountant can make a certificate of salary/earnings (or something of that nature), then sign it and have it certified by the college of accountants, using your payslips. The process only takes a couple days.

 

[LuckyLuke]

Howdy Cadet,

Based on my experience with banks you need to provide the following:

a) A bank statement showing the name of the LLC as the owner. The bank statement should clearly show outgoing transfers to a personal account number corresponding to an account in your name. For example "Transfer to Account XXXX".

b) A bank statement showing your name as the owner. The bank statement should clearly show incoming transfers from the LLC account with the corresponding account number. For example "Transfer receipt from Account XXXX".

c) LLC Operating Agreement showing you as the owner of the LLC.

Without knowing where each of these accounts are banked, the type of transfer you want to use and how it appears on the bank statement, I can't say any more than that.

 

[cadetsuperstar]

Howdy Cadet,

Based on my experience with banks you need to provide the following:

a) A bank statement showing the name of the LLC as the owner. The bank statement should clearly show outgoing transfers to a personal account number corresponding to an account in your name. For example "Transfer to Account XXXX".

b) A bank statement showing your name as the owner. The bank statement should clearly show incoming transfers from the LLC account with the corresponding account number. For example "Transfer receipt from Account XXXX".

c) LLC Operating Agreement showing you as the owner of the LLC.

Without knowing where each of these accounts are banked, the type of transfer you want to use and how it appears on the bank statement, I can't say any more than that.

Do you have someone assisting you with the immigration process or are you submitting on your own?
You may want to ask them.

If this LLC has been operating and paying you previously then do you have monthly payslips that you could submit?
Then an Argentinian accountant can make a certificate of salary/earnings (or something of that nature), then sign it and have it certified by the college of accountants, using your payslips. The process only takes a couple days.

I was planning to apply myself. Thank you for the response.