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£50,000 UK bank or home country bank ?

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

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ceobot
Junior Member
Posts: 81
Joined: Wed Jul 20, 2011 5:42 pm

£50,000 UK bank or home country bank ?

Post by ceobot » Mon Jul 08, 2013 2:30 pm

I understand that for me it will be very costly to transfer money from my home country to UK bank (conversation rates, transfer fees etc). So it will be better to show funds available in my home country which are ready to be sent to UK at any moment. My question is what chances do you think I have to receive VISA if funds available in my home country ?

Entrepreneur9
Member of Standing
Posts: 290
Joined: Sat Mar 02, 2013 11:14 pm

Re: £50,000 UK bank or home country bank ?

Post by Entrepreneur9 » Mon Jul 08, 2013 5:49 pm

ceobot wrote:I understand that for me it will be very costly to transfer money from my home country to UK bank (conversation rates, transfer fees etc). So it will be better to show funds available in my home country which are ready to be sent to UK at any moment. My question is what chances do you think I have to receive VISA if funds available in my home country ?
Hi there, its always better to transfer the funds to UK as that makes it very easy for UKBA to make necessary checks and automatically you meet the other financial requirements like FSA, disponsable, etc.

However even if the funds are abroad, that shouldnt be a problem. Make sure that the bank promptly responds to any queries from UKBA, good luck

rsrameshsunil
Member
Posts: 186
Joined: Mon Mar 21, 2011 9:42 pm

Re: £50,000 UK bank or home country bank ?

Post by rsrameshsunil » Mon Jul 08, 2013 6:01 pm

ceobot wrote:I understand that for me it will be very costly to transfer money from my home country to UK bank (conversation rates, transfer fees etc). So it will be better to show funds available in my home country which are ready to be sent to UK at any moment. My question is what chances do you think I have to receive VISA if funds available in my home country ?
Yes that shouldn't be a problem at all. But you need to make sure that every single requirement in the policy guidance is "clearly" handled in the bank letter you obtain.

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