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Awaiting ILR decsion - Can I change banks in the meantime?

Only for queries regarding Indefinite Leave to Remain (ILR). Please use the EU Settlement Scheme forum for queries about settled status under Appendix EU

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pb3
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Awaiting ILR decsion - Can I change banks in the meantime?

Post by pb3 » Sun Apr 21, 2024 10:24 am

Hi Everyone,

An ILR application for my spouse has been submitted 6 weeks ago, and referring to the timelines thread we should hopefully have a decision in the next 2 months provided there are no complications.

We both comfortably meet and exceed the financial requirement by way of salary, however I also declared a cash Isa saving account (1 year fixed term) whose balance over the last year comfortably exceeds the cash earnings threshold for ILR.

Now this cash ISA has matured since our application and further to adding the accumulated interest, the bank has converted it to their standard ISA offering with a considerably lower rate of interest. I would like to transfer this ISA to a completely different bank to take advantage of a much better interest rate.

So my question - would moving the funds to a different bank impact our ILR application given it has been declared? As I mentioned we meet and exceed the income requirement comfortably via combined salaries.

Any advice would be appreciated.

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zimba
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Re: Awaiting ILR decsion - Can I change banks in the meantime?

Post by zimba » Mon Apr 22, 2024 2:39 pm

As you are not relying on cash savings, then no
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pb3
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Re: Awaiting ILR decsion - Can I change banks in the meantime?

Post by pb3 » Mon Apr 22, 2024 7:23 pm

zimba wrote:
Mon Apr 22, 2024 2:39 pm
As you are not relying on cash savings, then no
Thank you for responding zimba. Greatfully appreciated.

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