9/10/2023 0 Comments Visa currency converter calculatorHave an official bank stamp on every page, or be printed on bank letterhead.Show that the required funds are held for a consecutive 28 day period – the account balance cannot drop below the minimum amount needed at any time during the 28 day period.Have the student’s name as the account holder.What the documents must show are as follows: If using a bank statement in the student’s name, the statement must: The UKVI requirements will be different depending on the type of documents used. You will need to make sure that the bank account used is from an acceptable bank. The Home Office keeps a list of institutions that can or cannot be accepted here. Not all banks and financial institutions around the world will be accepted by UKVI. It is not possible to use a bank account held by any other member of your family or a company. If you are using a parent/guardian’s account, you must provide additional documentation as proof of your relationship and to show that you have permission to use their account to fund your studies. The funds can be held in your own bank account or your parent/legal guardian’s bank account. What documents can I use to prove that I have the required funds? After converting to GBP, you may have less money available on your visa application date than you had originally expected. They will always use the exchange rate from the day that you submit your visa application to UKVI, so when depositing money you must be aware that the exchange rate can fluctuate. To calculate this, UKVI will check the exchange rate using the Oanda Currency Converter. If the account is not in British Pounds (GBP), they will convert your available funds into GBP. UKVI will accept funds held in any currency. What if my funds are held in a different currency? This means that if you have paid £1,000 towards your tuition fees, the amount that you need to have available will be reduced by £1,000. If you will be studying a course which is more than one year long, you will only need to provide evidence that you can pay for your first year's fees.Īny tuition fees that you have already paid to INTO will be taken into account. INTO London World Education Centre What else do I need to show?Īs well as your maintenance funds, you need to show you have enough money to pay the full tuition fees for your course. *The following centres are in London, so you will need to have at least £1,265 per month of your course if you are going to study at: You will only have to show a maximum of 9 months of funds, even if your course is longer. If you are studying outside of London, you will have to show £1,015 per month of your course. If you are studying in Greater London*, you must have at least £1,265 per month of your course. This is to cover living expenses whilst you are studying. If you or your family are funding your studies, this page will help you work out what documents you need to submit to UKVI with your visa application and answer the following questions: How much money do I need?įirstly, you will need to show that you have sufficient ‘maintenance’ funds for your stay in the UK. When you apply for a Tier 4 visa to study in the UK, you will be asked to provide evidence that you (or your parent/guardian) have enough money to pay for your course and your living expenses.
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