Post
by bizman » Thu Jan 10, 2019 9:36 pm
This is the link from policy guidance. Machnath is right.
Documents we require
The evidence used to support personal savings for at least 90 consecutive days must be issued by an authorised official of that organisation.
Evidence must be in the form of cash funds held in an account (this includes savings accounts and current accounts even when notice must be given). Other accounts or financial instruments such as shares, bonds, overdrafts, credit cards, pension funds etc, are not acceptable, regardless of notice period.
Where you are providing evidence of maintenance from a single account, we will always assess the funds available to you from the closing balance given on the document provided.
Tier 1 (Entrepreneur) Policy Guidance – version 0 7 /2018 – Page 37
Where 2 or more pieces of evidence from a single account are submitted (for example 2 consecutive bank statements) we will assess the funds available to you from the closing balance of the most recent document.
Where evidence from 2 or more accounts are submitted, we will assess the funds available to you using:
• the most recent closing balance of one account, plus
• any additional money available to you on the date of that closing balance, for which
you have provided the required evidence.
We will always use the closing balance date from the account that most favours you.
No points will be awarded where the specified documents show that the funds are held in a financial institution with which the Home Office is unable to make satisfactory verification checks. A list of financial institutions which do not satisfactorily verify financial statements is published on in Appendix P of the Immigration Rules.
If you wish to rely on a joint account as evidence of available funds, you must be named on the account along with one or more other named individual
Only the following specified documents will be accepted as evidence of this requirement:
i. Personal bank or building society statements covering a consecutive 90-day period:
The most recent statement must be dated no more than 31 days before the date of application. The personal bank or building society statements should clearly show:
• your name;
• the account number;
• the date of the statement;
• the financial institution’s name and logo;
• any transactions during the 90 day period;
• there are enough funds present in the account. The balance must always be £3,310 or £945 (as appropriate), covering the 90-day period before the date of application
All statements must be on the bank’s stationery, unless you are submitting electronic statements.
Ad hoc bank statements printed on the bank’s letterhead are admissible as evidence (this excludes mini-statements from cash points (ATMS)).
If you wish to submit electronic bank statements these must contain all of the details listed above. In addition, you will need to provide either:
• a supporting letter from your bank, on the bank’s headed paper, confirming the authenticity of the statements; or
• an electronic bank statement bearing the official stamp of the bank in question will be accepted. This stamp should appear on every page of the statement.
Tier 1 (Entrepreneur) Policy Guidance – version 0 7 /2018 – Page 38
We will not accept statements which only show the balance in the account on a particular day as these documents do not show that you have held enough funds for the full period needed.
ii. Building society pass book covering a consecutive 90-day period, ending no more than 31 days before the date of application.
The building society pass book should clearly show:
• your name;
• the account number;
• the financial institution’s name and logo;
• any transactions during the 90 day period; and
• there are enough funds present in the account. The balance must always be £3,310 or £945 (as appropriate), covering the 90-day period before the date of application.
iii. Letter from bank confirming funds and that they have been in the bank for at least 90 days:
The letter from a bank or building society should show:
• your name;
• the account number;
• the date of the letter;
• the financial institution’s name and logo;
• the funds held in your account; and
• that the funds of £3,310 or £945 (as appropriate), have been in the bank for at least a consecutive 90 day period on and immediately before the date of the letter.
The letter must be dated no more than 31 days before the date of application. All statements must be on the bank’s letterhead/official stationery
We will not accept letters which only show the balance in the account on a particular day as these documents do not show that you have held enough funds for the full period needed.
iv. Letter from a financial institution
The letter(s) from a regulated financial institution that you send us must cover a consecutive 90 day period ending no more than 31 days before the date of your application. The letter(s) must clearly show:
• your name; and
Tier 1 (Entrepreneur) Policy Guidance – version 0 7 /2018 – Page 39
• the account number; and
• the date of the letter; and
• the financial institution’s name and logo; and
• the money in the account; and
• that the funds of £3,310 or £945 (as appropriate), have been in the bank for at least a consecutive 90 day period on and immediately before the date of the letter.
The financial institution must be regulated by either the Financial Conduct Authority (FCA), the Prudential Regulatory Authority (PRA) or, in the case of overseas accounts, by the home regulator (the official regulatory body for the country the financial institution is in and where the money is held) for the purpose of personal savings accounts.
We will not accept letters which only show the balance in the account on a particular day as these documents do not show that you have held sufficient funds for the full period needed.
Bizman
