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200 K in Saving Account

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

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MTZ510
Member of Standing
Posts: 312
Joined: Wed Feb 27, 2013 11:24 am
Location: Leeds, United Kingdom

200 K in Saving Account

Post by MTZ510 » Wed Jun 19, 2013 5:15 pm

I have 200K funds in a saving account in Pakistan. There is no ristriction on the movement of funds in this type of account and there is no ristriction on transcations too.

Need advice whether i am safe or i should shift the funds to current account.

Similarly the maintanance funds are also in saving accounts.

Thanks

cappachino
Member of Standing
Posts: 490
Joined: Mon Mar 25, 2013 9:24 pm
Location: LONDON

tier 1

Post by cappachino » Wed Jun 19, 2013 6:37 pm

No there is no restriction but why complicate matters transfer it to a current account
Better if you can open an international account in Barclays your points for transfer will be easy also if it is a pound account you are covered on that end too
All u will need is a bank statement
I am applying this week based in karachi

MTZ510
Member of Standing
Posts: 312
Joined: Wed Feb 27, 2013 11:24 am
Location: Leeds, United Kingdom

Post by MTZ510 » Wed Jun 19, 2013 7:08 pm

Thanks for replying. I have no idea about Barclays International Account can i open this account from pakistan ?
I have funds in Barclays PLC Pakisan and to transfer the funds in the international account i will need permission from SBP you kknow the foreign currency regulations in place to check outflow of FC.

I am also planing to apply in first week of July.

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