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Bank letter to prove 50K

Only for UK Tier 1 (Entrepreneur) points system. This route is now closed to new applicants.

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frank.liu
Newly Registered
Posts: 22
Joined: Sun Mar 10, 2013 12:24 am

Bank letter to prove 50K

Post by frank.liu » Fri Mar 07, 2014 11:16 pm

Hello guys

I have saved my money (50K) in a UK bank, but they can't give me a letter like the template shown in the end of the guidance.

They just write a letter to me and prove that the money is available to me anytime and it's in cash, the letter also showing the date of money entry into my account.

Is that enough?

Must I get a letter following the template in the guidance given by UKBA?

If somebody knows the answer, please reply me. I'm really grateful for any help.

Olasunkanmi
Diamond Member
Posts: 1324
Joined: Sat Aug 17, 2013 11:28 pm
Location: London, UK.

Re: Bank letter to prove 50K

Post by Olasunkanmi » Sat Mar 08, 2014 12:24 am

@ frank.liu, in your case you can also submit a bank statement showing the available 50k funds because your money is in a UK bank and the bank letter is not compulsory for such cases.

You can also include a covering letter with your application which explain the circumstances and origin of the funds if it was transfer into your account within a short period as that might clear any query from caseworkers who are very quick in finding silly reasons to refuse an application.
The key to success is knowledge and hardwork, and to have faith.

frank.liu
Newly Registered
Posts: 22
Joined: Sun Mar 10, 2013 12:24 am

Re: Bank letter to prove 50K

Post by frank.liu » Sat Mar 08, 2014 11:43 am

I have saved the money over 100 days. Is it safe to my application?

cpmlkhan
Member of Standing
Posts: 329
Joined: Mon Jan 13, 2014 11:59 am

Re: Bank letter to prove 50K

Post by cpmlkhan » Sat Mar 08, 2014 11:48 pm

frank.liu wrote:Hello guys

I have saved my money (50K) in a UK bank, but they can't give me a letter like the template shown in the end of the guidance.

They just write a letter to me and prove that the money is available to me anytime and it's in cash, the letter also showing the date of money entry into my account.

Is that enough?

Must I get a letter following the template in the guidance given by UKBA?

If somebody knows the answer, please reply me. I'm really grateful for any help.
Hello frank,
When you say you saved £50K into a UK account then it must be in your own name, In this case the documents they are giving you more than enough.
2nd question 100 days are perfect.

taher
Newly Registered
Posts: 9
Joined: Thu Mar 13, 2014 10:50 am

Re: Bank letter to prove 50K

Post by taher » Thu Mar 13, 2014 10:57 am

Hi
does anyone know for how long the 50K must be my bank account (90 days or 28 days or 1 day)?
thanks

frank.liu
Newly Registered
Posts: 22
Joined: Sun Mar 10, 2013 12:24 am

Re: Bank letter to prove 50K

Post by frank.liu » Thu Mar 13, 2014 11:02 am

my solicitor tole me 3 months would be better

taher
Newly Registered
Posts: 9
Joined: Thu Mar 13, 2014 10:50 am

Re: Bank letter to prove 50K

Post by taher » Thu Mar 13, 2014 12:12 pm

frank.liu wrote:my solicitor tole me 3 months would be better
hi
If I have the money for only 10 days, is it acceptable?

cpmlkhan
Member of Standing
Posts: 329
Joined: Mon Jan 13, 2014 11:59 am

Re: Bank letter to prove 50K

Post by cpmlkhan » Thu Mar 13, 2014 12:23 pm

taher wrote:
frank.liu wrote:my solicitor tole me 3 months would be better
hi
If I have the money for only 10 days, is it acceptable?
Hello taher,

That is not an issue. 10 days are alright But make sure rest of the documents are very well prepared. I am sure you do not want see yourself in that dark room (Appeals, courts) like others in this forum. There are more than 200 applicants facing court proceedings.

BEST OF LUCK

taher
Newly Registered
Posts: 9
Joined: Thu Mar 13, 2014 10:50 am

Re: Bank letter to prove 50K

Post by taher » Thu Mar 13, 2014 12:31 pm

cpmlkhan wrote:
taher wrote:
frank.liu wrote:my solicitor tole me 3 months would be better
hi
If I have the money for only 10 days, is it acceptable?
Hello taher,

That is not an issue. 10 days are alright But make sure rest of the documents are very well prepared. I am sure you do not want see yourself in that dark room (Appeals, courts) like others in this forum. There are more than 200 applicants facing court proceedings.

BEST OF LUCK
Hello cpmlkhan,
I want to apply for visa by construct a solicitor, I want to switch from PSW visa to Entrepreneur visa. I am worried about one of the HO requirements which is "are engaged in business activity, other than the work necessary to administer your business".
Best wishes

cpmlkhan
Member of Standing
Posts: 329
Joined: Mon Jan 13, 2014 11:59 am

Re: Bank letter to prove 50K

Post by cpmlkhan » Thu Mar 13, 2014 12:43 pm

First of all you do not need that solicitor who can not clarify you these questions. You just need a good consultant mate.In this visa there is no need of solicitor anyways. "Business activity" means you will show that your business is trading now there are various ways to show that, By providing contract with other companies, Business account bank statement, Invoicing . Hopefully this will help you

taher
Newly Registered
Posts: 9
Joined: Thu Mar 13, 2014 10:50 am

Re: Bank letter to prove 50K

Post by taher » Thu Mar 13, 2014 12:57 pm

cpmlkhan wrote:First of all you do not need that solicitor who can not clarify you these questions. You just need a good consultant mate.In this visa there is no need of solicitor anyways. "Business activity" means you will show that your business is trading now there are various ways to show that, By providing contract with other companies, Business account bank statement, Invoicing . Hopefully this will help you
Hello cpmlkhan,
I did not start a business yet, I wonder if you know a good consultant. also I wonder if I can contact you in your email.
thanks in advance.

cpmlkhan
Member of Standing
Posts: 329
Joined: Mon Jan 13, 2014 11:59 am

Re: Bank letter to prove 50K

Post by cpmlkhan » Thu Mar 13, 2014 1:12 pm

check your pm or leave your mail address

taher
Newly Registered
Posts: 9
Joined: Thu Mar 13, 2014 10:50 am

Re: Bank letter to prove 50K

Post by taher » Thu Mar 13, 2014 1:50 pm

cpmlkhan wrote:check your pm or leave your mail address
I can not use PM to send you my email because I am a new user. did you send me ur email via PM? if not, can you send it?

cpmlkhan
Member of Standing
Posts: 329
Joined: Mon Jan 13, 2014 11:59 am

Re: Bank letter to prove 50K

Post by cpmlkhan » Thu Mar 13, 2014 1:59 pm

check your pm. or give me yours

taher
Newly Registered
Posts: 9
Joined: Thu Mar 13, 2014 10:50 am

Re: Bank letter to prove 50K

Post by taher » Thu Mar 13, 2014 3:20 pm

cpmlkhan wrote:check your pm. or give me yours
Hello cpmlkhan,
my email is taher_uk@yahoo.co.uk
thanks

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