Can I start routing money back to my saving account?

[In-A-Limbo]

I completed a loan application and submitted last week with required bank statements and other docs. I only disclosed my checking accounts because my saving have a balance of $2. All of my assest money are in my checking accounts because of the direct deposit from work and IRS and I never get around to transfer to my saving. My application is currently with the underwriter. Is it safe to transfer money to saving now? Will the underwriter ask for another statement before closing? I have a bad spending habit where if I see the money, I have to spend it. I also have this fear that I might lose my debit card some day (happened before).  I really want to move it out of my checking account.

[fdiggy]

I would wait till clear to close.

[MovingForward_2012]

If you had it in savings to begin with and provided both a checking and a savings statement balance, it wouldn't have caused issues. I was asked for 1 set of bank statements plus two additional updates that encompassed the time elapsed.

So if you do transfer it over, keep in mind that if asked for updated statements, you will need to provide both checking and savings statements. But I don't think it will cause major issues as long as the savings account is with the same bank. If it is not, I would definitely wait until after closing to perform the transfer.

[In-A-Limbo]

I didn't disclose my saving account to the UW because  there were a lot of cash transactions. My LO said to leave it out because then I'll have to explain where all the cash came from. These were money that i lend to friends and families so many years ago and I been tracking them down asking for my money back since I need the money for the down payment. Since I couldn't proof that these were loan payback, my LO said to keep it separate. I followed my LO advice by spending only the money in that saving accounts to pay bills and buy things and let the (traceable) money sit in the checking.

[MovingForward_2012]

Then you should definitely leave it in checking.