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Funds Transferable to UK

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

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mszafar
Junior Member
Posts: 67
Joined: Sun Aug 29, 2010 6:57 pm

Funds Transferable to UK

Post by mszafar » Sun Sep 29, 2013 7:41 pm

Hi

I have got appeal hearing on 17 October. One of the reason for refusal was bank has not mentioned that funds transferable to UK. On letter bank has mentioned funds are free from any liability. Funds are in Euro currency and Rupees account. According to bank, funds has to be in pound currency then they can write transferable to uk. But the account holder can withdraw funds anytime.

My question is, can i mention that I ll use money exchange company which is regulated by Govt to transfer funds or tell the judge that funds needs to be converted into pound then we can transfer it and I don't want to convert it until i get visa?

Regards

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

Re: Funds Transferable to UK

Post by MTZ510 » Sun Sep 29, 2013 7:58 pm

mszafar wrote:Hi

I have got appeal hearing on 17 October. One of the reason for refusal was bank has not mentioned that funds transferable to UK. On letter bank has mentioned funds are free from any liability. Funds are in Euro currency and Rupees account. According to bank, funds has to be in pound currency then they can write transferable to uk. But the account holder can withdraw funds anytime.

My question is, can i mention that I ll use money exchange company which is regulated by Govt to transfer funds or tell the judge that funds needs to be converted into pound then we can transfer it and I don't want to convert it until i get visa?

Regards
The bank can write that "at any time these funds can be converted in sterlings at prevailing exchange rates and transfered to UK".

mszafar
Junior Member
Posts: 67
Joined: Sun Aug 29, 2010 6:57 pm

Re: Funds Transferable to UK

Post by mszafar » Sun Sep 29, 2013 8:13 pm

MTZ510 wrote:
mszafar wrote:Hi

I have got appeal hearing on 17 October. One of the reason for refusal was bank has not mentioned that funds transferable to UK. On letter bank has mentioned funds are free from any liability. Funds are in Euro currency and Rupees account. According to bank, funds has to be in pound currency then they can write transferable to uk. But the account holder can withdraw funds anytime.

My question is, can i mention that I ll use money exchange company which is regulated by Govt to transfer funds or tell the judge that funds needs to be converted into pound then we can transfer it and I don't want to convert it until i get visa?

Regards
The bank can write that "at any time these funds can be converted in sterlings at prevailing exchange rates and transfered to UK".
that b***h not even ready to mention it. She is saying its account holder money. he can do whatever he want to with his money.

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

Re: Funds Transferable to UK

Post by MTZ510 » Sun Sep 29, 2013 8:26 pm

mszafar wrote:
MTZ510 wrote:
mszafar wrote:Hi

I have got appeal hearing on 17 October. One of the reason for refusal was bank has not mentioned that funds transferable to UK. On letter bank has mentioned funds are free from any liability. Funds are in Euro currency and Rupees account. According to bank, funds has to be in pound currency then they can write transferable to uk. But the account holder can withdraw funds anytime.

My question is, can i mention that I ll use money exchange company which is regulated by Govt to transfer funds or tell the judge that funds needs to be converted into pound then we can transfer it and I don't want to convert it until i get visa?

Regards
The bank can write that "at any time these funds can be converted in sterlings at prevailing exchange rates and transfered to UK".
that b***h not even ready to mention it. She is saying its account holder money. he can do whatever he want to with his money.
Well ask your RM at the bank that if you want to transfer these funds to UK what is the procedure then ask her to write that down on letter. I mean she is an idiot who is not willing to go beyound routine work.

Have no idea whether this will help in appeal but the common sense is that the free funds can be transfered when ever required.

mszafar
Junior Member
Posts: 67
Joined: Sun Aug 29, 2010 6:57 pm

Re: Funds Transferable to UK

Post by mszafar » Sun Sep 29, 2013 8:42 pm

MTZ510 wrote:
mszafar wrote:
MTZ510 wrote:
mszafar wrote:Hi

I have got appeal hearing on 17 October. One of the reason for refusal was bank has not mentioned that funds transferable to UK. On letter bank has mentioned funds are free from any liability. Funds are in Euro currency and Rupees account. According to bank, funds has to be in pound currency then they can write transferable to uk. But the account holder can withdraw funds anytime.

My question is, can i mention that I ll use money exchange company which is regulated by Govt to transfer funds or tell the judge that funds needs to be converted into pound then we can transfer it and I don't want to convert it until i get visa?

Regards
The bank can write that "at any time these funds can be converted in sterlings at prevailing exchange rates and transfered to UK".
that b***h not even ready to mention it. She is saying its account holder money. he can do whatever he want to with his money.
Well ask your RM at the bank that if you want to transfer these funds to UK what is the procedure then ask her to write that down on letter. I mean she is an idiot who is not willing to go beyound routine work.

Have no idea whether this will help in appeal but the common sense is that the free funds can be transfered when ever required.
I had tried but the idiot not willing to write it. Her previous chief manager was sacked due to issuing such letter as senior management has stopped them to issue such letters.

mszafar
Junior Member
Posts: 67
Joined: Sun Aug 29, 2010 6:57 pm

Re: Funds Transferable to UK

Post by mszafar » Sun Sep 29, 2013 8:47 pm

MTZ510 wrote:
mszafar wrote:
MTZ510 wrote:
mszafar wrote:Hi

I have got appeal hearing on 17 October. One of the reason for refusal was bank has not mentioned that funds transferable to UK. On letter bank has mentioned funds are free from any liability. Funds are in Euro currency and Rupees account. According to bank, funds has to be in pound currency then they can write transferable to uk. But the account holder can withdraw funds anytime.

My question is, can i mention that I ll use money exchange company which is regulated by Govt to transfer funds or tell the judge that funds needs to be converted into pound then we can transfer it and I don't want to convert it until i get visa?

Regards
The bank can write that "at any time these funds can be converted in sterlings at prevailing exchange rates and transfered to UK".
that b***h not even ready to mention it. She is saying its account holder money. he can do whatever he want to with his money.
Well ask your RM at the bank that if you want to transfer these funds to UK what is the procedure then ask her to write that down on letter. I mean she is an idiot who is not willing to go beyound routine work.

Have no idea whether this will help in appeal but the common sense is that the free funds can be transfered when ever required.
I had tried but the idiot not willing to write it. Her previous chief manager was sacked due to issuing such letter as senior management has stopped them to issue such letters.

Olasunkanmi
Diamond Member
Posts: 1324
Joined: Sat Aug 17, 2013 11:28 pm
Location: London, UK.

Re: Funds Transferable to UK

Post by Olasunkanmi » Sun Sep 29, 2013 9:17 pm

@ mszafar, the letter you are referring to is not required as the policy guidance only require you to prove that the fund is transferable to UK and not if the funds is in UK pounds sterling. The policy guidance also state that the conversion of the money to pounds sterling will be done by HO using standard OANDO conversion rate, so they didn't require the money to be in pounds sterling already.

Caseworkers do make lot of mistakes in their decisions and you don't need to prove that you will convert funds as trying to do that will make their refusal reason genuine, all you should prove is that policy guidance does not stipulate that funds should be in pounds sterling and that the refusal reason is unreasonable and unlawful as its not a requirement.
The key to success is knowledge and hardwork, and to have faith.

mszafar
Junior Member
Posts: 67
Joined: Sun Aug 29, 2010 6:57 pm

Re: Funds Transferable to UK

Post by mszafar » Sun Sep 29, 2013 9:54 pm

Olasunkanmi wrote:@ mszafar, the letter you are referring to is not required as the policy guidance only require you to prove that the fund is transferable to UK and not if the funds is in UK pounds sterling. The policy guidance also state that the conversion of the money to pounds sterling will be done by HO using standard OANDO conversion rate, so they didn't require the money to be in pounds sterling already.

Caseworkers do make lot of mistakes in their decisions and you don't need to prove that you will convert funds as trying to do that will make their refusal reason genuine, all you should prove is that policy guidance does not stipulate that funds should be in pounds sterling and that the refusal reason is unreasonable and unlawful as its not a requirement.
I think you misunderstood my question. I m asking about mentioning funds transfer to UK.

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

Re: Funds Transferable to UK

Post by MTZ510 » Sun Sep 29, 2013 9:58 pm

Olasunkanmi wrote:@ mszafar, the letter you are referring to is not required as the policy guidance only require you to prove that the fund is transferable to UK and not if the funds is in UK pounds sterling. The policy guidance also state that the conversion of the money to pounds sterling will be done by HO using standard OANDO conversion rate, so they didn't require the money to be in pounds sterling already.

Caseworkers do make lot of mistakes in their decisions and you don't need to prove that you will convert funds as trying to do that will make their refusal reason genuine, all you should prove is that policy guidance does not stipulate that funds should be in pounds sterling and that the refusal reason is unreasonable and unlawful as its not a requirement.
I think the reason for refusal was not because the funds are not in GBP but because the bank letter does not mention that the funds are transferable in UK. The bank personal is not willing to write that funds are transferable in UK because she believe that its acccount holders right to do what ever he wants with his money.

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