Post
by Boom05 » Mon Jun 06, 2005 9:57 am
Ordinarily they could call your bank to confirm the existence of your account with the bank and ask whether the bank is accustom to seeing, for example, five digits or seven digits figures in your account. It is however unprofessional, as in the case of STONE, for the bank to disclose the actual balance on your account. Infact, Stone can make a lot of money from suing his bank cos they have violated the duty of confidentiality which the bank owed to all his customers.
In any case what i think they verify is the volume of transaction that has taken place in your account over a period (that is why they ask for six months statement), if for example, the maximum amount that has entered your account in the last 6 months is 500 Pounds and may be a week to your EC application, you now deposited 7,500 Pounds, it will set the ECO on enquiry. You would now need to convince the ECO that you have not borrow the money just to make up. I heard of a guys case similar to what i just described and the ECO ask for the source of the fund, the guy claimed to have sold a property, however he could not provide the evidence of selling any property and the EC was refused.
Its easy to follow the crowd, it takes courage to stand alone !