Can the Maintenance fund be met by sum of multiple accounts?

[user_name]

Hi,

Can the Maintenance fund criteria be met by adding money available in multiple accounts?

I have HSBC bank account in UK.

(For those who have hsbc account may know that there are two types of accounts: one is Current account and another is Flex Saver account. You can transfer money between these two accounts online with a single login)

I do transfer money to and from between HSBC Current and Saver accounts.
Together I have more money than the requirement says.
But I do not have enough maintenance fund available in any one account only.

Will this be a problem?

Please could you advice?

Many Thanks.

[UKBALoveStory]

Hi,

Can the Maintenance fund criteria be met by adding money available in multiple accounts?

I have HSBC bank account in UK.

(For those who have hsbc account may know that there are two types of accounts: one is Current account and another is Flex Saver account. You can transfer money between these two accounts online with a single login)

I do transfer money to and from between HSBC Current and Saver accounts.
Together I have more money than the requirement says.
But I do not have enough maintenance fund available in any one account only.

Will this be a problem?

Please could you advice?

Many Thanks.

Yes, you can. You can even use overseas account.

[rizwan567]

Yes.

[user_name]

thank you both.

[kirik8]

A somewhat related question, what if the dates on the statements for those accounts are different?

For example I have one account covering first 2/3rds of the required term, and the other account covering last 2/3rds of the term (but neither statement covering the full period). Will that still work?

Thanks for the reply.

[mulderpf]

It doesn't matter, as long as you can prove using those statements that you had the FULL amount available to you throughout. So for each day of the 90 day period, make sure that you can account for the entire amount through one or more statements.