Instead of bank statement, can I provide brokerage statement? [closed]

I'm a citizen of a non-EU/US country. For an application for a Portuguese D7 residence visa, I am required to provide bank statements, signed and sealed, according to the information on the embassy's website

Main question: Since I keep little money in any bank, can I provide brokerage statements instead?

Side questions:

Would it be a problem if my broker is US based? Address on the statement is local and its where I reside. The broker is a publicly listed company.

Can this document be virtual somehow?

Best Answer

The purpose of the bank statements is not only to tell immigration how much money you have, but also what your regular day to day finances are like. Unless you are using your broker for day to day transactions broker statements are not sufficient on their own. However if you keep substantial savings in your brokerage there is nothing to stop you submitting brokerage statements in addition to your bank statements.

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Do brokerage accounts have statements?

Your brokerage account statement is the official document for complete information pertaining to your account's value, holdings, and activity. While account statements can look different from firm to firm, they all have this information in common.

What is a brokerage statement for?

A broker's statement is a monthly snapshot of a brokerage account activity. Since account information is available online, monthly statements can seem redundant, but they represent an official record. Investors can choose to receive a paper statement in the mail or an electronic statement online.

How do you reconcile a brokerage statement?

Brokerage Account \u2013 Closing Your Brokerage Account Generally, either you or your brokerage firm may close your brokerage account at any time. The specific steps you will need to follow to close your account are usually found in the terms and conditions of your brokerage account agreement.

What Do I Do If Broker Asks For Bank Statements? - Commercial Real Estate Investing for Beginners

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