Maintenance funds - Is it an average?

[kudos123]

Hi,
I am applying for Tier 1 general and have this query.
In my bank statements, there is a period betwen 27th and 31st Jul 2008, where my account balance had come below 800 british pounds.
This was only for a brief period of 5-6 days, and before and after this period, the balance has been sufficiently higher than the required 800 GBP.
Does the HSMP office look for:
1. An average balance of 800 GBP over a period of time before the date of application
2. A balance of 800 GBP at all times for which the bank statements have been provided or
3. 800 GBP only at the time of application?

Also, if I am applying on 1st Sep'08, is it OK if I provide my bank statements upto the 24th July'08? Or will the statements be considered as not too latest?

Please help in providing an answer to this query.

Regards
Kausik

[hop4best]

I would imagine maintenance funds minimum balance has to be maintained over the specified period (last 3 months) without any dip. As we are supposed to submit the bank statements, ideally there should not be days where balance is shown less than minimum required balance.

[rajesh9pl]

Hi,
I am applying for Tier 1 general and have this query.
In my bank statements, there is a period betwen 27th and 31st Jul 2008, where my account balance had come below 800 british pounds.
This was only for a brief period of 5-6 days, and before and after this period, the balance has been sufficiently higher than the required 800 GBP.
Does the HSMP office look for:
1. An average balance of 800 GBP over a period of time before the date of application
2. A balance of 800 GBP at all times for which the bank statements have been provided or
3. 800 GBP only at the time of application?

Also, if I am applying on 1st Sep'08, is it OK if I provide my bank statements upto the 24th July'08? Or will the statements be considered as not too latest?

Please help in providing an answer to this query.

Regards
Kausik

What does Tier1 Policy guide say? Have you read it? There are only 4-5 lines which are written about Maintenance Funds. Can you please read them carefully and decide how should it be maintained.

[push]

At no point during the said period should the funds dip below the minimum requirement levels.

[orange]

Quoting from http://www.ukvisas.gov.uk/en/howtoapply ... ralmigrant

"Important!
To qualify for Tier 1 (General) of the Points Based System you must be able to demonstrate that you have funds to support yourself and any dependants. For the main applicant this is £2,800 with a further £1,600 needed for each dependant accompanying you or planning to join you within 12 months of your arrival in the UK. These amounts must be held in your personal bank account for a minimum period of 3 months for which you must show bank statements/other evidence immediately preceding and dated no more than 7 days prior to the date you submit your application. The balance should not fall below the required minimum at any time during the 3 month period."

So, the bank statement should have been obtained within 7 days prior to the EC application and the requirement balance should have been maintained all through the 3 months period.

[niw2]

1. The amount must have been held consistently for the entire three month period before applying. The 'dip' in funds that you have described disqualifies you from applying at this time.

2. If you are applying from within the UK, your last statement does not have to be less than 7 days old. That requirement applies only to applicants who are applying from outside the UK.

Both points are clearly made in the guidance notes so I suggest you visit your local BHC website and read the material carefully.