Financial Advisors (IFAs) + US Immigration & Visa: The Challenge
As financial advisor, preparing bank statements for us immigration & visa is a common but time-consuming task. US immigration applications (H-1B, L-1, EB-5, family sponsorship) require bank statements proving financial capability. USCIS needs clear, organized financial evidence.
How BankScan AI Helps Financial Advisors (IFAs) with US Immigration & Visa
Convert client bank statements to Excel for quick financial analysis, cashflow modelling, and wealth planning presentations. For us immigration & visa specifically, BankScan AI extracts Household income relative to 125% of Federal Poverty Guidelines (for I-864), ass automatically.
How Financial Advisors (IFAs) Handle US Immigration & Visa
When preparing bank statements for us immigration & visa, financial advisors (ifas) need to IFAs request bank statements during fact-find meetings to assess client income, expenditure patterns, existing commitments, and savings capacity. They. BankScan AI automates the data extraction step.
Key terms you'll encounter: fact-find, suitability report, attitude to risk, capacity for loss.
How It Works
Upload bank statement PDFs
Supports all major banks. Upload 12 months for most family-based petitions (I-864 Affidavit of Support); EB-5 investors need to show full source-of-funds history which may span several years of statements for us immigration & visa.
AI extracts what you need
Our AI extracts Household income relative to 125% of Federal Poverty Guideli — formatted for financial advisors (ifas) workflows.
Complete your us immigration & visa work
Download Excel files ready for us immigration & visa. Statements must show account holder name matching passport, consistent with I-864 reported income; EB-5 requires detailed source-of-funds tracing with annotated transaction history
Supported Banks
BankScan AI works with all major UK and US banks, including:
Features for Financial Advisors (IFAs) — US Immigration & Visa
- Built for Financial Advisors (IFAs) — Saves 30-45 minutes per client fact-find on income and expenditure analysis, with annual reviews completed 20-30 minutes faster per client
- Software compatible — Output works directly with Intelliflo, CashCalc, Excel
- Built for US Immigration & Visa — Convert bank statements to structured Excel spreadsheets showing balance history, income sources, and savings — formatted for USCIS evidence packages and immigration attorney review.
- Key data extracted — Household income relative to 125% of Federal Poverty Guidelines (for I-864), asset values, evidence of consistent employment income, source of investment funds for EB-5
Compliance: Financial Advisors (IFAs) + US Immigration & Visa
When financial advisors (ifas) prepare bank statements for us immigration & visa, specific compliance requirements apply.
- FCA rules require IFAs to conduct thorough fact-finds and demonstrate suitability of advice. Bank statements form part of the evidence base for suitability reports. Consumer Duty obligations require advisors to demonstrate they understand client financial circumstances. Records must be retained for the FCA's required period.
- Legal basis: Immigration and Nationality Act section 213A (Affidavit of Support); 8 CFR 213a (I-864 requirements); INA section 203(b)(5) (EB-5 investor visa regulations)
US Immigration & Visa — Built for Financial Advisors (IFAs)
USCIS RFE (Request for Evidence) responses are due within 30-87 days depending on the notice; expired evidence packages require complete resubmission
Try Free — Financial Advisors (IFAs) + US Immigration & Visa