Home Office
The routes set out the requirements for the amount of funds and length of time they must be held.
This Appendix applies to applications under these routes: Appendix Student, Appendix Short-term Student, Appendix Child Student, Appendix Parent of a Child Student, Appendix Skilled Worker, Appendix Global Business Mobility Senior or Specialist, Appendix Global Business Mobility Graduate Trainee, Appendix Global Business Mobility UK Expansion Worker, Appendix Global Business Mobility Service Supplier, Appendix Global Business Mobility Secondment Worker, Appendix Scale-up, Appendix High Potential Individual, Appendix Representative of an Overseas Business, Appendix Global Talent, Appendix Start-up, Appendix Innovator, Appendix T2 Minister of Religion, Appendix International Sportsperson, Appendix UK Ancestry, Appendix Temporary Work - Seasonal Worker, Appendix Youth Mobility Scheme, Appendix Temporary Work - Creative Worker, Appendix Temporary Work - Religious Worker, Appendix Temporary Work - Charity Worker, Appendix Temporary Work - International Agreement, Appendix Temporary Work - Government Authorised Exchange, Appendix Domestic Worker in a Private Household and Appendix Hong Kong British National (Overseas).
- FIN 1.1. Where money is held in one or more foreign currencies, this will be converted into pound sterling () using the spot exchange rate which appears on www.oanda.com for the date of the application.
- FIN 2.1. Funds will not be considered if they are held in a financial institution where any of the following apply:
- (a) the decision maker is unable to make satisfactory verification checks; or
- (b) the financial institution is not regulated by the appropriate regulatory body for the country in which that institution is operating; or
- (c) the financial institution does not use electronic record keeping.
- FIN 3.1. Overdraft facilities will not be counted towards meeting financial requirements.
- FIN 4.1. If funds, savings or income were earned or acquired when the applicant was in the UK, they must have been earned or acquired lawfully and while the applicant had permission and was not in breach of any conditions attached to that permission.
- FIN 5.1. Accounts relied on must be in the name of the applicant (either alone or as a joint account holder), unless one of the following applies:
- (a) the account is in the name of the applicants partner who is applying for entry clearance or permission to stay at the same time or has been granted permission; or
- (b) the applicant is applying as a Child Student, or Student, or dependent child, and the account is in the name of their parent, or their legal guardian; or
- (c) the applicant is applying as a Child Student and they are being cared for by a close relative, or a private foster care arrangement has been made which complies with the requirements in CS 9.3. to CS 9.5, and the account is in the name of the applicants close relative or private foster carer; or
- (d) the requirements for the route under which the applicant is applying state that an account in the name of a third party may be relied upon and the account is in the name of that third party.
- FIN 5.2. The applicant, or account holder in FIN.5.1, must have control of the funds.
- FIN 5.3. If the applicant is applying as a Student or Child Student and they are relying on funds held in an account in the name of a parent or legal guardian as specified in FIN 5.1. they must provide proof of that relationship and written consent from the parent or legal guardian to use those funds.
- FIN 6.1. Promises of future third-party support will not be accepted as evidence of funds, except where this is specified in the route under which the applicant is applying.
- FIN 7.1. The most recently dated piece of financial evidence must be dated within 31 days before the date of application.
- FIN 7.2. The length of time for which funds are held will be calculated by counting back from the date of the closing balance on the most recently dated piece of financial evidence.
-
Related Articles
Comments
Write a Comment
Ministerial Departmental News
- PM's Office, 10 Downing Street
- Cabinet Office
- Department for Business, Innovation and Skills
- Department for Communities and Local Government
- Department for Culture, Media and Sport
- Department for Education
- Department for Environment, Food and Rural Affairs
- Department for International Development
- Department for Transport
- Department for Work and Pensions
- Department of Energy and Climate Change
- Department of Health
- Foreign and Commonwealth Office
- HM Treasury
- Home Office
- Ministry of Defence
- Ministry of Justice
- Northern Ireland Office
- Scotland Office
- Wales Office
- See all departments