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Please Help!!! Bank Letter Issue

Only for UK Tier 1 (Entrepreneur) points system. This route is now closed to new applicants.

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Humv
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Posts: 111
Joined: Fri Nov 04, 2011 6:57 pm
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Please Help!!! Bank Letter Issue

Post by Humv » Fri May 18, 2012 9:16 am

Hi All,

I am having problems getting Bank letter having same tamplate as UKBA has provided in Policy guidance,
According to the Policy guidance

Each letter must also confi rm each of the following details:
• that the institution is regulated by the appropriate body;

• the name of the applicant, or both applicants if they have formed a entrepreneurial
team;
• the date of the document;

• the amount of money available from the applicant’s own funds (if applicable) that are
held in that institution;

• the amount of money available to the applicant, or the business that they are running,
from any third party (if applicable) that are held in that institution;
Tier 1 (Entrepreneur) Policy Guidance page 17 of 53

• the name of each third party and their contact details. These must include their full
address including postal code, landline phone number and any email address;

• that if the money is not in an institution regulated by the FSA, the money can be
transferred into the United Kingdom.




My sponsor is my father and he has money in his account in Pakistan. But bank said they can not follow the template and can only issue a letter confirming the account holders details , amount and that he can use money anywhere he wants.

Bank said letter from third party is enough to confirm the rest of the details?

I am really confused I dont know what to do?

Could anyone advice please what is the best solution?

Many Thanks.

Lucapooka
Respected Guru
Posts: 7616
Joined: Sun Aug 14, 2011 10:30 am
Location: Brasil

Post by Lucapooka » Fri May 18, 2012 9:57 am

The bank is correct. They can't issue letters detailing people who are not the actual account holder. They can confirm the details of your father's account with regard to your father. What your father then does with his money is really his decision rather than something to which the bank would be a co-party. I suggest you re-read the guidance and confirm what documents are necessary for third-party funding.

This is a business venture and should be regard as such. If you are not sure of the procedure you should, similar to having an accountant, seek professional help. These are often the unavoidable costs of doing business.

yasir khan 9211
Newly Registered
Posts: 16
Joined: Thu Jun 26, 2014 11:29 pm

Re: Please Help!!! Bank Letter Issue

Post by yasir khan 9211 » Thu Jul 03, 2014 8:43 pm

plz go to the private bank open saving account they will issue such letter.if this is ur own money

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