Post
by wazobia » Sun Nov 27, 2011 6:32 pm
Hello forum members
I am due to send in a PSW application anytime from between December 1st (when my school confirms my MSc results) and January 27th (when My visa expires). I had kept my savings account balance at £800 and over since the 8th of August.
I decided to do a quick check of my account earlier today and noticed that on the 3rd of November, there was a transaction which reduced my savings account balance below 800, although another transaction increased it above 800 on the same day. This transaction was between my savings and current account (which was in debit at the time, hence I cannot use that since the combined balance would still be less than 800).
The annoying part is when I went to the bank, I transferred some money to my savings account first before the transaction which caused the balance to fall below the required 800, but looking at the online transactions, it shows that the required balance reducing transaction occurred BEFORE I increased the initial balance.
To use an example
Nov 3rd Opening balance: 800
Nov 3rd Debit transaction: 200
Nov 3rd Credit transaction: 400
Nov 3rd Closing balance: 1000
Both debit and credit transaction were with my current account. On the current account, it shows I made the credit transaction to my savings account first (i.e. 400) and then the debit transaction from the savings account (200) was credited to my current account afterwards.
However on my savings account, which is the one I am going to use for the application, the reverse is true, i.e. the example above is what is shown, which means my balance fell, and then increased.
Is this an automatic rejection? Does anyone else have experience with a similar situation, and can they share how it went for them?
Much thanks