Does my proof of funds for my UK visa need to be in a proper savings account? Can it be in a second checking account?
I'm considering going to the UK in the fall (from the US) for the creative person concession visa (similar to a visitor visa) and will need the typical £940 in "savings" 90 days before I arrive. I've currently got two checking accounts. One that I use for my daily/monthly expenses and that I get paid into. And the other I use for my savings and have been putting money into weekly but not using for any other transactions. The reason for not using a more formal savings account so my savings is that my bank, like many others, only allows up to 5 online transactions into a savings account per month and sometimes I need to do more transfers into it than that. However I'm a bit concerned that this won't be clear or won't "count" to customs/home office as it's not a formal savings account. Has anyone had any experience with this?
Best Answer
Short answer:
No problem having no "formal" savings account
I had submitted two bank account statements when I applied for my UK visa recently, both of which were not a "formal" savings account, and had it written like CHECKING or CURRENT account, do not remember exactly. I used them for similar purposes: salary, expenses and savings (in an informal sense like you say). However, when I submitted both, I made sure I had everything crystal clear for them to evaluate.
For every cash inflow from employer or any other friend (for expense sharing like restaurants, trips) or my previous apartment which refunded me my caution deposit or cash outflow (like rent, mobile bills, online shopping), I had them clear in the description what this relevant transaction was about, and from/to whom.
I got my visa!
Read more about bank statements for the UK visa here: Should I submit bank statements when applying for a UK Visa? What do they say about me?
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How much money do I need to show in my bank account for UK study visa?
You'll need to show you have enough money to support yourself - unless you've been in the UK with a valid visa for at least 12 months on the date of your application. How much money you need depends on where you will be studying. You'll need either: \xa31,334 per month (for up to 9 months) for courses in London.How much money can you have in your bank account for a UK visa?
You must have at least \xa34,000 in your savings. Anything less than that can raise questions and lead to visa refusal. Again, UK Visas and Immigration does not specify what is acceptable in terms of funds.Does UK immigration check your bank account?
The UKVI will check your bank statement for the minimum balance in your account for the 28 days preceding the closing balance of the statement. You must have a recent document from the bank that is dated within 31 days of the day you submit your online visa application.How do I keep bank statements for UK visa?
the required money must have been in the bank account for a consecutive 28 day period. bank statements must cover 28 days (and printed no more than 31 days before the date of your application). You can use your bank statements or your parents' / legal guardian's statements.How to build proof of funds for UK Tier 4 Visa application | Avoid these mistakes | Study in the UK
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