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How many days need to stay £200000 in third part bank.

 
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reflection
Junior Member


Joined: 20 Oct 2012
Posts: 18

PostPosted: Sat Oct 20, 2012 8:36 pm    Post subject: How many days need to stay £200000 in third part bank. Reply with quote

hi every one, very soon i am going to apply for tier 1 entrepreneur visa, currently i m in tier 4 just complete MBA. now my query is, the amount of money £200000 is it necessary to keep in third bank account for any specific time period or just i have to submit the closing balance statement.

please help me about this i am fully confuse about this,,,,,,,,,,,,
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Lucapooka
Guru


Joined: 14 Aug 2011
Posts: 6587
Location: Brasil

PostPosted: Sun Oct 21, 2012 7:12 am    Post subject: Reply with quote

There is no minimum time limit but, obviously, it would need to be held with the FI for whatever period they needed in order to emit a letter or statement to that effect.
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la
Senior Member


Joined: 26 Oct 2010
Posts: 336

PostPosted: Mon Oct 22, 2012 4:49 pm    Post subject: Reply with quote

Hi Lucapooka,

I have kept the money 200k for three weeks (100k in UK bank account and 100k in India bank account) and taken all amount from UK bank account and India bank account. Applied for Visa day before yesterday with latest UK and India bank statements and letters.

Please note all the money was in my (applicant) India and UK bank accounts.

Is there any chance to reject my tier entrepreneur Visa based on balance available on verification date ?

Could you please clarify please.
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amirkhan2019
Newbie


Joined: 19 Oct 2012
Posts: 5
Location: london

PostPosted: Tue Oct 23, 2012 11:13 am    Post subject: Reply with quote

There should be no problem , you will get the visa provided if you got bank letter from indian bank , you dont need letter from uk bank .
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reflection
Junior Member


Joined: 20 Oct 2012
Posts: 18

PostPosted: Tue Oct 23, 2012 11:09 pm    Post subject: bank letter Reply with quote

what should mention in Bank letter by bank, if it is third party account. and also is it necessary to prove relationship between me and third party?????
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nickb
Member


Joined: 20 Sep 2012
Posts: 79

PostPosted: Wed Oct 24, 2012 2:38 am    Post subject: Re: bank letter Reply with quote

reflection wrote:
what should mention in Bank letter by bank, if it is third party account. and also is it necessary to prove relationship between me and third party?????


Just fulfill the requirements for the letter mentioned in the policy guidance to the T.

Not sure about the relationship part but since it's mentioned in the template you might as well. It could be anything...family, friend, investor etc. They shouldn't judge you for that.
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