Maintenance Funds

[jafars]

Hi guys,
I'm applying for Tier 1 General and as we all know I should show that I have 800 GBP on my account for the past three months, so I was wondering is it OK to have this amount in my Cash ISA account or not? I'm applying within UK.

Thanks,

[T_mahmood]

Its absolutely fine... just keep in mind that the statment should be not less than 3 months( even for a single day)..the amount should not be less than £800 (even a single Penny) and should not be one month old on the date of submission (even for a single day).

Hi guys,
I'm applying for Tier 1 General and as we all know I should show that I have 800 GBP on my account for the past three months, so I was wondering is it OK to have this amount in my Cash ISA account or not? I'm applying within UK.

Thanks,

[ChetanOjha]

Its Okay to have the amount in Cash ISA account. In your letter from Bank, try to get a statement that this amount was/is available to you any time.

I think even without the above statement in bank letter you should be fine but why take risk?

[jafars]

alright, cheers guys,
one thing though, I only have bank statements for past three months for my ISA account so they didn't give me a letter, is it gonna be a problem or not?

[tapindersingh]

The letter is not necessary as long as you have original bank statements, which shows:

the applicant’s name;
the account number;
the date of the statement;
the financial institution’s name and logo;
transactions covering the three month period;
that there are enough funds present in the account, the balance must always be at least £800

Cash ISA is fine as everyone knows the cash is instant.