Questions

[DangerousWolf]

I have a question for Lucapooka, if you don't mind -

Can I show One of my friend's UK bank account balance towards access with the help of bank letter and declaration.

I've got a feeling that UK money has to be only under applicant's account which mean third party concept is not applicable. Please clarify.

[Lucapooka]

Of course third party money can be in the UK in the account of the third party.

[DangerousWolf]

100. For money held in the UK only, a recent personal bank or building society statement from
the UK financial institution holding the funds, which confirms the amount of money available
to you or your entrepreneurial team.
The total amount of available money must be either at least £200,000; or at least £50,000, as
applicable. If the money is held in several financial institutions, you must supply a statement from
each institution.
• The statements must be original documents and not a copy.
• The bank or building society holding the money must be based in the UK and regulated by
the FSA;
• The money must be in cash in the account. We will not accept ISA accounts or assets
such as stocks and shares;

• The account must be in your own name only (or both names for an entrepreneurial team)
only. Accounts in the name of a business or third party will not be accepted;

• Each bank or building society statement must be on the institution’s official stationary and
confirm each of the following details:
o Your name; or your name and your entrepreneurial team member’s name,
o The account number
o The date of the statement
o The financial institution’s name and logo;
• The bank or building society statement must have been issued by an authorised official of
that institution and produced within the three months immediately before the date of your
application.

[DangerousWolf]

Please find the above underlined note. Doesn't that mean if you wanna show money in UK - It has to be under your named account only.

If yes, then how come third party concept will be applicable when you know someone who's got money in UK bank account ?

This is sooo confusing.

[Lucapooka]

As previously indicated, that body of text is with exclusive regard to fund evidence that is supported by a bank statement.

[DangerousWolf]

OK.

I think I got what you meant with this. Let me put it all together -

Access to £50,000 -

1) If you have money in your UK bank account - can show bank statement.
2) If you know someone, who's got the money in UK bank account - Then Bank letter, declaration and sign verification will be required.
3) If you have money in overseas bank account or if you know anyone who's got money in overseas bank account - then again Bank letter, declaration and sign verification will be required.

All the above 3 routes can be added together in case to show prove £50,000 access.

I appreciate your help and It means a lot for me now. Please confirm if I have got everything correct this time.

[Lucapooka]

Correct, your own thread on this matter has been hi-jacked by idiots so I'm not going to respond there.

[DangerousWolf]

Don't get angry, mate !
We all are new here mostly from non-english background - You know how much professional advice services charges. We are confuse and moreover everyone is kind of afraid of UKBA. All knows how strict they are on rules.

Nobody wants or afford to do mistakes.

Thanks for your help, anyway.

[geriatrix]

As suggested earlier, please continue in the existing topic.