When it comes to immigration laws, acronyms like DACA (Deferred Action for Childhood Arrivals) and BACA (Blocked Account Control Agreement) can make things seem even more confusing. However, understanding the details of these agreements can mean the difference between being able to stay in the US or being forced to leave.
So, what exactly is a Blocked Account Control Agreement in relation to DACA? In short, it is an agreement between a financial institution and an account holder that restricts access to account funds. This type of agreement is often required for DACA recipients who are seeking to defer their deportation and stay in the US legally.
The purpose of the Blocked Account Control Agreement is to ensure that DACA recipients have sufficient financial resources to support themselves while they are in the US. The agreement requires DACA recipients to deposit a certain amount of money, typically between $10,000 and $30,000, into a designated account. This money can be used for living expenses, education, and other essentials while the recipient is in the US.
It`s important to note that the funds in the blocked account cannot be accessed or withdrawn by the DACA recipient until they leave the US or become eligible for a green card. This means that the funds are essentially “blocked” until the recipient`s immigration status changes.
The specific requirements for a Blocked Account Control Agreement can vary depending on the financial institution and the DACA recipient`s individual circumstances. However, it`s important to work with an experienced immigration attorney who can guide you through the process.
If you`re a DACA recipient and are considering a Blocked Account Control Agreement, it`s important to understand the potential risks and benefits. On the one hand, having a blocked account can help you stay in the US legally and provide you with necessary financial resources. On the other hand, it does mean that you will have limited access to your funds while you`re in the US.
Ultimately, the decision to enter into a Blocked Account Control Agreement as a DACA recipient is a personal one that should be made with careful consideration and guidance from an experienced attorney. With the right support and resources, however, DACA recipients can stay in the US and build a future for themselves and their families.