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Maintenance funds For Tier 1

Archived UK Tier 1 (General) points system forum. This route no longer exists.

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krishtr
Newly Registered
Posts: 7
Joined: Tue Jul 14, 2009 1:55 pm

Maintenance funds For Tier 1

Post by krishtr » Tue Jul 14, 2009 2:27 pm

Hello All,

I have a quick question regarding maintenance funds.

Can I show my maintenance funds spread across banks in 2 different countries or does it have to be in bank/banks in one country?

Thanks,
Krishnan

rsathish
Member
Posts: 165
Joined: Mon May 14, 2007 9:26 pm
Location: London

Re: Maintenance funds For Tier 1

Post by rsathish » Tue Jul 14, 2009 10:23 pm

One country is not the criteria.
It's £800 minimum on all days over the past 3 months + the liquidity.

As with your question, it has to be looked in at a more detail level because
1) it would depend on how much you had at Country X & its Xchange rate over past 90days Vs GBP.
2) & Great deal of explanation required in the cover letter.
krishtr wrote:Hello All,

I have a quick question regarding maintenance funds.

Can I show my maintenance funds spread across banks in 2 different countries or does it have to be in bank/banks in one country?

Thanks,
Krishnan

krishtr
Newly Registered
Posts: 7
Joined: Tue Jul 14, 2009 1:55 pm

Re: Maintenance funds For Tier 1

Post by krishtr » Wed Jul 15, 2009 1:26 pm

rsathish wrote:One country is not the criteria.
So what you mean is bank accounts in 2 countries are ok? Am I right?
rsathish wrote: 2) & Great deal of explanation required in the cover letter.
If you don't mind, can you elaborate on what you mean by "cover letter"?

Thanks for the reply!
Krishnan

tvn_ramesh
Diamond Member
Posts: 3158
Joined: Fri Sep 21, 2007 6:52 pm
Location: Sussex

Re: Maintenance funds For Tier 1

Post by tvn_ramesh » Wed Jul 15, 2009 1:48 pm

krishtr wrote:
rsathish wrote:One country is not the criteria.
So what you mean is bank accounts in 2 countries are ok? Am I right?
rsathish wrote: 2) & Great deal of explanation required in the cover letter.
If you don't mind, can you elaborate on what you mean by "cover letter"?

Thanks for the reply!
Krishnan
Yes Sathish also means it is OK to use bankstatements from different countries with you as Main Account holder...

It is very importatnt to clearly explain in the Cover letter thatyou will submit along with your application so that the Caseworker will take it into consideration..

Hope your Earnings points claiming bank account is only in 1country if not u might need to use differnt uplift values to convert them to GBP.. (this is other BIG thing)

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