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Tier 1 Enterpreneur from India (Bank letter question)

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

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dpr1979
Newbie
Posts: 35
Joined: Mon May 13, 2013 9:48 pm

Tier 1 Enterpreneur from India (Bank letter question)

Post by dpr1979 » Wed May 15, 2013 8:14 am

Hi Guys,
Thank you all for your postings with such invaluable information from time to time.

I am planning to apply for entrepreneur visa soon. i have hit a big hiccup in the third party funding.

A quick briefing:

1) Need to apply tier with brother as a team.

2) I have a UK bank account but presently in India since visa got expired.

3) Plan to show funds:

a) GBP 1,13,000 in a joint account in India's bank with brother.

b) GBP 47,000 in UK bank account in my individual name.

c) GBP 40,000 in a bank account with sister in USA as a third party funding.

My question is:

1) Will the UKBA except the funding in my own account alone or my brother should be a joint account holder in it?

2) The template that UKBA has given for third party funding specifically mentions to put the applicants names in the letter, which the US bank denies that it can never do such a thing as they dont care what my sister does with her money and whom she wants to give it to. In short they do not entertain UKBA's format.


It would be a great help if some1 can guide as to what format of letter shall i use that could be excepted.

Can they except a bank letter that my sister has so and so amount and a supporting declaration from my sister?

Please guys if you can help me out on this one.

Many thanks
In advance

D

I would take this opportunity to thank each and every1 who have posted on this forum and provided with such valuable insight.

rooney0511
Member
Posts: 227
Joined: Tue May 03, 2011 6:49 pm

Re: Tier 1 Enterpreneur from India (Bank letter question)

Post by rooney0511 » Wed May 15, 2013 8:26 am

dpr1979 wrote:Hi Guys,
Thank you all for your postings with such invaluable information from time to time.

I am planning to apply for entrepreneur visa soon. i have hit a big hiccup in the third party funding.

A quick briefing:

1) Need to apply tier with brother as a team.

2) I have a UK bank account but presently in India since visa got expired.

3) Plan to show funds:

a) GBP 1,13,000 in a joint account in India's bank with brother.

b) GBP 47,000 in UK bank account in my individual name.

c) GBP 40,000 in a bank account with sister in USA as a third party funding.

My question is:

1) Will the UKBA except the funding in my own account alone or my brother should be a joint account holder in it?

2) The template that UKBA has given for third party funding specifically mentions to put the applicants names in the letter, which the US bank denies that it can never do such a thing as they dont care what my sister does with her money and whom she wants to give it to. In short they do not entertain UKBA's format.


It would be a great help if some1 can guide as to what format of letter shall i use that could be excepted.

Can they except a bank letter that my sister has so and so amount and a supporting declaration from my sister?

Please guys if you can help me out on this one.

Many thanks
In advance

D

I would take this opportunity to thank each and every1 who have posted on this forum and provided with such valuable insight.
I HAVE ALREADY ANSWERED YOUR QUESTION ON THE OTHER POSTING. ANYWAY HERE IT IS AGAIN.

Simple answer, Pool all the money into your joint account in India and the problem is solved.
You are thinking about USA bank not giving a letter, what about UK bank while you are sitting in India.
Make things easy for yourself.
People with all funds in a single account in a different country are waiting six to eight months for their verification to come through and if you give UKBA three bank statements from all over the Globe, Good luck.

kayess1984
Member
Posts: 117
Joined: Wed Feb 19, 2014 8:40 am

Re: Tier 1 Enterpreneur from India (Bank letter question)

Post by kayess1984 » Fri Feb 21, 2014 3:40 pm

dpr1979 wrote:Hi Guys,
Thank you all for your postings with such invaluable information from time to time.

I am planning to apply for entrepreneur visa soon. i have hit a big hiccup in the third party funding.

A quick briefing:

1) Need to apply tier with brother as a team.

2) I have a UK bank account but presently in India since visa got expired.

3) Plan to show funds:

a) GBP 1,13,000 in a joint account in India's bank with brother.

b) GBP 47,000 in UK bank account in my individual name.

c) GBP 40,000 in a bank account with sister in USA as a third party funding.

My question is:

1) Will the UKBA except the funding in my own account alone or my brother should be a joint account holder in it?

2) The template that UKBA has given for third party funding specifically mentions to put the applicants names in the letter, which the US bank denies that it can never do such a thing as they dont care what my sister does with her money and whom she wants to give it to. In short they do not entertain UKBA's format.


It would be a great help if some1 can guide as to what format of letter shall i use that could be excepted.

Can they except a bank letter that my sister has so and so amount and a supporting declaration from my sister?

Please guys if you can help me out on this one.

Many thanks
In advance

D

I would take this opportunity to thank each and every1 who have posted on this forum and provided with such valuable insight.
Hi mate, long time now and you must have got your visa. Could you share your experience with me please. BTW, where are you from in India?
If you don't build your dream, someone else will hire you to build theirs!

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