Can a bank statement be submitted as a proof of investment?
Probably not. A debit of 50K in your Bank statement does not mean that its invested into tax saving instrument. This question is best answered by the finance department of your company. Practise vary from organization to organization.
Not only do you not understand tech, you apparently don't understand science either. You made the original claim. Not me. What I said is that you're wrong. I CAN provide proof of that, since I happen to do this particular flavor of tech stuff for a living and have reference docs sitting all around me as I write this, but first I'm really interested in seeing what on earth you believe to be true that led you to make your original statement.   It's okay though, we both know you can't offer any explanation on that. The objectively verifiable reason is that you're wrong.   &gt; you can plainly see whenever you open the uber app that it has your location. You think that just happens magically?  So do you have anything to back up what you were getting at in this claim or are you still unsure of how conversation works? "As the other answers stated: Yes PayPal will transfer money from your bankaccount automatically if your PayPal balance isn't sufficient. Let's add some proof to the story: (Note, I am in the EU, specifically the Netherlands, situation might be different in other parts of the world) If I login to PayPal and go to my wallet, I have a section that looks like this:  If I click on it, I am presented with a screen with details about the connection.  Note the ""Direct debit instruction"". If I click on the ""view"" link I am presented with the following text (emphasis mine): [snip some arbitrary personal details] This authorisation allows (A) PayPal to send instructions to your bank account and (B) your bank to debit your account in accordance with the instructions from PayPal. As part of your rights, you are entitled to a refund from your bank under the Terms and Conditions of your agreement with your bank. A refund must be claimed within 8 weeks starting from the date on which your account was debited. Your rights are explained in a statement that you can obtain from your bank. Below this text is a button to delete the authorization." "&gt;That's where you are wrong, kiddo. I've got a minor in economics, and a BBA/MBA in Finance. You are talking to a guy that is both more educated than you on the topic and actually works with low-income people more often than you.  One, I don't give a shit, and, two, you have no idea how much education I have or what I've done. But you still can't grasp the concept that statements like this mean nothing, have no bearing on whether your right or not, and is the equivalent of ""I'm older so I'm right."" However, if you were economist, then I'd actually care about your experience.  &gt;Liberals outweigh conservatives by a wide margin in academics. It's fairly obvious why when you dive into it. Want research funding? There has to be a problem. Suggesting that the market is sorting out wages already and that there is no need for a minimum wage won't get you paid. You have to make bogus studies like the one you provided, which gets regurgitated in hundreds of forms by similarly desperate professors.  Oooh shitting on the academic community because they don't agree with your views. Someone's been drinking the kool-aid of Breitbart and other extreme right-wing new sources. I've heard this argument before. It's the classic, ""I'll come up with anything to justify my views and explain facts I don't like."" Are you into conspiracy theories by the way?   Besides, there is no proof of your last claim. But you are right, that academics lean liberal. Funny though how the intelligent people that go through years of schooling, get Ph.D's, and base their ideas and degrees off scientific research lean liberal and not conservative... And yet conservatives come up with any way they can to explain that inconvenient fact, with zero proof of course.  [http://www.epi.org/minimum-wage-statement/](http://www.epi.org/minimum-wage-statement/)  I know you don't like academics that disagree with you and love to think that your ""experience"" means you are correct. Here is a letter from over 600 economists, many of which are from top universities, that a for raising the minimum wage. So while you are being smug and all ""I have more experience than you,"" these people, that way surpass any experience you have in this realm, all agree that you are wrong.  &gt;Dumb people get elected. Bad decisions get passed.  I know. Just look at Texas.  &gt;You've read a study done by a guy in another state who has never hired of managed low wage employees telling you all about life. Okie dokie. You've got it!  I've ready plenty of studies, but whatever. You are the one that lives in an echo chamber that despises intelligent thought when it disagrees with your beliefs.  &gt;Work on those logical fallacies, I don't think you could follow any of the arguments I made anyways, but I don't have the time to retype it all out.  Ha. Here you are being a dick, yet I followed everything you said regarding logical fallacies and proved you were wrong. You are just too prideful to admit it.  Have a nice night." The SCHUFA in Germany works a bit different from the FICO score in the US. My background: I am a German currently living in the US. The information others want to see from the SCHUFA are a bit different. If you want to example rent a house or an apartment, the landlord often wants to see a SCHUFA statement which only shows that there are no negative entries. This statement you can get easily from online and they don't mention your credit score there. If you apply for a real credit or want to lease a car, they want to look deeper in your SCHUFA profile. However, very important is: They need signed permission to do this. Every participating company can submit entries to your profile where the score is calculated from. For example mobile phone plans, leasing a car, applying for a loan. Some lenders decide on the score itself, some on the overall profile and some also take your income into account. Since there is no hire & fire in Germany you are often asked to show your last 3 paychecks. This, in combination with your SCHUFA score is used for determination if you are eligible for a loan or not. However, they check through every entry which is made there and as long as it is reasonable and fits to your income (car for 800 EUR/month with a 1000 EUR salary does not!) you should not have a problem establishing a good score. The, in my eyes, unfair part about Schufa is that they take your zip code and your neighborhood into account when calculating their score. Also moving often affects the score negatively. To finally answer your question: Credit history is also built by mobile phone plans etc. in Germany. As long as you pay everything on time you should be fine. A bad score can definitely hurt you, but it is not as important to have a score as it is in the US because the banks also determine your creditworthiness based on your monthly income and your spending behavior. "I believe the banks are protecting themselves when they ""require"" your endorsement. Years ago. they used to ask for your endorsement, and not require it. If you endorse the check, it legally authorizes them to debit your account, if the check is later returned for non-sufficient funds (NSF). It mostly protects the bank, and not the customer." I think this is really two questions: Dumbcoder has already answered part 1 in a comment - either just wire the money from the Japanese bank account to the UK bank account (either bank should be able to help you with the details of this) or if your Japanse bank also has a UK operation you may be able to do it within the same bank.  As for part 2 - if you are looking for a mortgage then many high street mortgage providers (banks) will want proof of your savings up front. They may or may not accept Japanese bank statements; all you can do is ask the question. You would probably also need to ask your Japanese bank if they can provide statements in English.  If you find that most or all of the high street banks will not accept this as proof of assets, or that they demand that the money is in the UK for a period of time first, then you might have more luck with a mortgage broker who can deal with the specialist requirement. If you do find a mortgage provider who is happy to accept Japanese bank statements as proof of assets then you would simply need to wire the money direct from your bank in Japan to the UK bank of your solicitor at or shortly before the point when the deposit becomes due (usually at exchange of contracts). The person you're talking to is probably someone in the company. They need to convey the message to their bank. So you need to explain it to them as if they were 3 year old kids. You may be used to SWIFT transactions because that's how you always get paid, but unless the UK firm regularly employes Russian freelancers, this is probably the first time ever they have heard of it. Similarly, someone in the local branch of their community bank has probably never heard of it before either. In Europe they use IBANs and SWIFTs are rather uncommon. Be patient, explain the issue and the solution in as many words as you can, and suggest them putting you on speaker at the bank so that you could talk directly to the person executing the transaction. If you do the same on your side and let the bankers talk directly to each other - that would probably be ideal. You're mixing up two different concepts: low-risk and recession-proof. I'll assume I don't need to explain risk: there is always risk, regardless what form you keep your assets in. With bonds, the interest rate is supposed to reflect the risk. If a company offers bonds with too low an interest rate for the risk level, few people will buy them. While if a company offers bonds with too high an interest rate for the level of risk, they are gypping themselves. So a bond is a slightly more transparent investment from a risk assessment perspective, but that doesn't mean the risk is necessarily low: if you buy a bond with a 20% effective annual yield, that means there is quite a high risk that the underlying company will fold (unless inflation is in the double-digit range as well, in which case a 20% yield is not that much). Whereas with a stock, no parameter directly tells you anything about the risk. Recession-proof is not the same thing as low-risk. Recession-proof refers to investing in (or holding debt for) industries that perform better in a recession. http://www.investopedia.com/articles/stocks/08/industries-thrive-on-recession.asp.