Financial Documents Required for Visa Approval

Published On: 25 Jun 2012

 | Last Updated On: 27 Mar 2013

Finding your course of interest and a college of choice is a very important part of your plan to pursue higher education abroad. However, securing a visa is especially crucial. Read on to find out more about the various financial documents you will be expected to submit, and procedures that need to be followed while applying for a UK student visa.

Declaring funds available to the UK Border Agency

If you are a student applying for tier 4 visas, you will have to sign a declaration stating that you have the required funds and that these will remain with you until and unless you spend them on your tuition fees or living costs. This implies that at any point of time during the application process, or while entering the UK, you will have these funds in your bank account.

How much money needs to be shown while applying?

While applying abroad it is very important to be sure that you have sufficient money to pay for your tuition and living costs. While applying for a student visa you will be required to show proof for having sufficient funds to pay your tuition fees for one year.

Apart from this you will have to show that you are prepared to meet your living expenses. That would mean having 1,000 pounds for each month of your course, up to nine months, the total amount working out to 9,000 pounds.

How do I provide evidence of funds?

While applying, students will have to sign a declaration on the application form that states they have the required funds and also valid documents to prove it. Students may be asked for these at any point during the application process. In case you are unable to provide the documents on request, your application maybe refused and you might also be debarred from entering UK for ten years. In order to avoid such a situation, collect all supporting documents before submitting your tier 4 application.

What are the documents required by the UK Border Agency to show finances?

Available funds should be shown using bank statements that must:

  • Be dated not earlier than one month (31 days) before you apply.
  • Show that the amount has been in the account for 28 consecutive days.
  • Document transactions in a cash account.

In case the details are not clear, you may attach an explanatory note. Although the UK Border Agency says that they will verify with your bank, they rarely do. In case of discrepancies, do attach a letter from the bank confirming that it is a cash account and accessible to you.

How do I apply using my own bank statements?

In case you are applying using statements of your own bank account, then they must bear your name. You can alternatively use a joint account statement if your name is listed in it. In case the documents are not in English, you will need to send a translated copy.

How do I apply using my parent's bank statements?

While applying with your parents' bank documents, you will have to submit the following original and legal documents:

  • Your birth certificate showing the name of your parent(s).
  • Certificate of adoption that has your name and your parent(s)’ name.
  • Court document stating your name and that of your legal guardian(s).
  • A letter from your parent(s) or legal guardian(s) confirming their relationship with you and that they consent to you using their funds to pay for your tuition fees and maintenance in the UK.

What do I do if I have a loan?

In case you have applied for a loan, the money should be available to you before submitting your tier 4 application. You will need to submit a letter from your loan company. The letter should not be dated more than six months before the date of your application and should show:

  • Your name
  • The date of the letter
  • The financial institution's name and logo
  • The money (or funds) available as a loan

Finances are a very important factor while applying to study in the UK. The agencies involved are very stringent regarding the required documents and stipulations mentioned above. Providing evidence for funding is a very important part of the procedure to acquire a visa to the UK, and students should pay special care and attention to make sure that all required documents are available.

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