Joint account with British national

[ashk]

Hi.
I am going to apply for tier 1 entrepreneur visa by this month. I was about to show £50,000 in the friends account and show him as my third party but bank is refusing to provide the letter as per the guidelines. I am thinking if I open a joint account with him would that make a difference so that I don't have to provide the bank letter. Even after opening a joint account would he still remain my third party. Does that mean I have to get a letter from the bank. Money is in UK account and my friend is a British national
Thanks

[rsrameshsunil]

Hi.
I am going to apply for tier 1 entrepreneur visa by this month. I was about to show £50,000 in the friends account and show him as my third party but bank is refusing to provide the letter as per the guidelines. I am thinking if I open a joint account with him would that make a difference so that I don't have to provide the bank letter. Even after opening a joint account would he still remain my third party. Does that mean I have to get a letter from the bank. Money is in UK account and my friend is a British national
Thanks

Submit the following and you will be 100% fine and safe:

1. Open a joint account with your friend.

2. Obtain a normal balance confirmation letter. (It will state your name and your friends name as it is a joint account)

3. Obtain a declaration from your friend that he is giving you full access to all the funds in the above account as a joint holder. (Note this is different from third party declaration)

4. A Third Party declaration as per the policy guidance.

5. A legal representative letter as per the guidance.

[rehan01]

Yes you will still need declaration even I applied as team and we had funds in joint account and I never submitted any declaration with initial application but later I had declaration done and submitted as additional document.

Hope it help

Regards

Hi.
I am going to apply for tier 1 entrepreneur visa by this month. I was about to show £50,000 in the friends account and show him as my third party but bank is refusing to provide the letter as per the guidelines. I am thinking if I open a joint account with him would that make a difference so that I don't have to provide the bank letter. Even after opening a joint account would he still remain my third party. Does that mean I have to get a letter from the bank. Money is in UK account and my friend is a British national
Thanks