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financial requirment

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dreamer2
Junior Member
Posts: 53
Joined: Thu Jan 12, 2017 10:37 am

financial requirment

Post by dreamer2 » Wed Nov 22, 2017 12:43 pm

Hi, we invested some money in Premium bonds. Can we show them to extend my visa as a cash saving or we need to keep them in the bank for 6 month prior to application ?

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seagul
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Joined: Thu Nov 12, 2015 11:23 am
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Re: financial requirment

Post by seagul » Wed Nov 22, 2017 2:35 pm

It need to be converted into cash then deposited in bank for 6 months.
The opinion expressed as above is neither a professional advice nor contesting/competing to other member's opinion/advice.

dreamer2
Junior Member
Posts: 53
Joined: Thu Jan 12, 2017 10:37 am

Re: financial requirment

Post by dreamer2 » Wed Nov 29, 2017 10:50 pm

Thank you for your reply. I found this :
If you are relying on cash savings via an investment, you must show that:
•You have owned the shares for a period of 6 months prior to the date of your application.
•The value of your investment is equivalent to the necessary cash savings required.
•The investment can be in the form of stocks, shares, trust funds or a bond.

I have read that the money should be in cash and I can use it anytime ( with sanction or without).
Premium Bonds are a savings account you can put money into (and take out when you want).
Is there any list where the ECO will rely on ?

dada
Newbie
Posts: 42
Joined: Thu Mar 21, 2013 12:33 pm

Re: financial requirment

Post by dada » Tue Jan 02, 2018 4:34 pm

Also relying on premium bonds savings. Did you find an answer in the end? Thanks

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