Maintaining funds in 2 accnts of the same bank for 3 mnths

[Alifiya]

I have maintained 800 pounds in my current account form the 1st June to the 8th of July and then transferred money to a savings account n have maintained the balance from 8th July to the 1st of September. I have maintained the funds in two accounts of the same bank. Is that acceptable ?
Can anyone please help me with this.[/b]

[Lucapooka]

I would not recommend doing this but I think to do what you suggest would require a specific letter from the bank confirming that funds were in your possession at all times during the three months and that the act of transferring money from one account held by you, to another account held by you, did not entail the funds being out of your control or possession at any point during that transition. Sometimes money sent from one account to another lives in limbo for a fleeting period (even if it's obvious who holds the source and target accounts) and that is what worries me. Wait for others to comment.

[Alifiya]

hey lucapooka..thanks for your reply. I understand your concern but i have maintained an amount of 800 pounds from 1st June to 18th July and then on the 8th of July transferred money to a savings account. So luckily i have continued to maintain the funds without any limbo period.

[Lucapooka]

Yes, but read what I said about where the money goes during the transfer, even if it's instantaneous. This may be a minor and irrelevant detail but I can't say for sure if an ECO would look at this and say the money was not held according to the guidance and then refuse you.

[arsenal49]

if you can categorically show on a day-by-day basis that you were in possession of required amount at all times... then you are fine.

[Alifiya]

yes it was instantaneous..

[Lucapooka]

Nevertheless, I would endeavor to show that the bank account number against the credit that appears on the target account matches the account number of the source account from where it came. I assume it does but please check this.

[silverchloride]

I did the same thing as well (by mistake actually) and then asked around for advice. Like the members have mentioned you shouldn't have any problem. But I would advice you to give a cover letter along with your bank statement providing details of the two accounts and reasons along with it.

Its good to provide as much information to the case worker to help them make a decision. Also, if you can get a letter from the bank stating that you have maintained the amount within their bank (along with the respective account numbers) that'd be great!

Otherwise the two statements would be fine.