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nsuk
- thin ice -
Joined: 11 May 2009
Posts: 96
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 Posted: Tue Jul 24, 2012 2:38 am Post subject: Bank letter query |
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| Can both team members show their separate individual bank accounts which obviously won't mention the other member along with a joint affidavit or both members name should be there in all the bank letters for investment funds. |
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nsuk
- thin ice -
Joined: 11 May 2009
Posts: 96
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| Posted: Tue Jul 24, 2012 10:22 am Post subject: |
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| Any suggestions please |
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tuliprose
Senior Member
Joined: 07 Jan 2009
Posts: 303
Location: Greater London
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| Posted: Tue Jul 24, 2012 5:24 pm Post subject: Re: Bank letter query |
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| nsuk wrote: | | Can both team members show their separate individual bank accounts which obviously won't mention the other member along with a joint affidavit or both members name should be there in all the bank letters for investment funds. |
Which bank letter you are asking about?
If you are talking about bank statement for investment funds then off course you have to mention each other's name as you have made an entrepreneur team. |
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8270456
Newbie
Joined: 24 Jul 2012
Posts: 5
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| Posted: Tue Jul 24, 2012 5:50 pm Post subject: |
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| hi..........but if both have money in their individual accounts only, then how can bank write other team partner name on their letter as they have no joint account . |
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tuliprose
Senior Member
Joined: 07 Jan 2009
Posts: 303
Location: Greater London
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| Posted: Tue Jul 24, 2012 7:11 pm Post subject: |
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| 8270456 wrote: | | hi..........but if both have money in their individual accounts only, then how can bank write other team partner name on their letter as they have no joint account . |
Unfortunately that's the requirement set by UKBA.
Just follow the template given by UKBA in Tier 1 Ent. Policy Guidance
Also, in your situation, both applicant will need to give a letter as third party to each other. |
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nsuk
- thin ice -
Joined: 11 May 2009
Posts: 96
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| Posted: Wed Jul 25, 2012 12:15 am Post subject: |
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Hi tuliprose
I met 2 solicitors today and both of them said that there is no need for the name of your team partner on your investment fund letter from individual banks. And one even said that if ukba refuses on this ground it is sure to be overturned in the first hearing/appeal.
How can they be so sure |
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modern_newton
Junior Member
Joined: 26 May 2011
Posts: 37
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| Posted: Fri Jul 27, 2012 3:44 am Post subject: Re: Bank letter query |
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| nsuk wrote: | | Can both team members show their separate individual bank accounts which obviously won't mention the other member along with a joint affidavit or both members name should be there in all the bank letters for investment funds. |
yea its requirement that both team members should have equal access to the money available to invest in business otherwise application will be rejected if you both show your individual personal accounts.
even when you rely on third party findings they also mention the names of both team members on third party declaration ..its better you open joint accounts |
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8270456
Newbie
Joined: 24 Jul 2012
Posts: 5
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| Posted: Fri Jul 27, 2012 8:43 am Post subject: |
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| But if partners are applying from 2 different countries how can they show joint accounts. |
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