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Evidence of your funds

Evidence of your funds

Warning: one of the most common reasons for immigration applications being refused is because an applicant’s financial evidence does not meet the requirements of the Home Office policy guidance. Please read this section very carefully to ensure you meet the financial requirements.

Most applicants use bank statements as evidence of their money. Electronic bank statements are only acceptable if they contain all the required details and are stamped by the bank on every page.

Your money must be held in a bank or financial institution, which is recognised by the UK government and must be in the form of cash funds, which are genuinely available to you.

Instead of bank statements, you can use:

  • A letter from your bank confirming that your money has been held for 28 days (see Sample bank letter)
  • A building society pass book
  • A loan letter from a regulated financial institution confirming that you have a loan that is provided by the national government, the state or regional government or a government sponsored student loan company, or that is part of an academic or educational loans scheme. Any non-government loan to pay your living costs must be either available to you before you travel to the UK, or paid direct to your Tier 4 sponsor for disbursement to you after arrival.

These are all detailed in the Tier 4 policy guidance in the section on Maintenance.

If you have obtained any other type of loan (such as a private bank loan, which is not part of an educational loans scheme) to fund your studies, then you must transfer the funds into an account in your name or a parent’s name and wait 28 days before using one of the other forms of evidence listed above.

Banks outside the UK

You can use evidence of money held in any country in any currency. The Home Office uses the currency converter on the OANDA website to check the exchange rate on the date you submit your immigration application. If your account is not in pounds sterling then you will need to check that, according to that conversion rate, your account(s) show that you have held enough money for the 28 day period.

The Home Office publishes lists of financial institutions whose financial statements are accepted and not accepted for the following countries:

  • Bangladesh
  • Cameroon
  • Ghana
  • India
  • Iran
  • Pakistan
  • Philippines
  • Sri Lanka
Warning: These lists change from time to time, so you may find that a document from a financial institution that was previously accepted, may not be accepted when you make a new immigration application.

Law, regulations and policies can change quickly. The information on our website is given in good faith and has been carefully checked but QMUL cannot accept responsibility for any errors or omissions. QMUL is not responsible for the content or reliability of the linked websites which are provided for further information.

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