tier1 general maintenance funds

[serenas11]

Hi
Can someone please confirm if I can use two accounts to show that my maintenance has been more than£800 each day for the the 90 day period. My savings account has £780,due to a direct debit going through so I have more than 20 in my other current account and together they have more than £800 every day . Your help will be much appreciated.

Thank you

[geriatrix]

Read 169.

[serenas11]

Thanks for that , I have read the guidance before but it was'nt a 100% clear coz it talks abt closing balance hence the post to confirm. Thnaks anyways

[beecharmer1800bc]

Hi
Can someone please confirm if I can use two accounts to show that my maintenance has been more than£800 each day for the the 90 day period. My savings account has £780,due to a direct debit going through so I have more than 20 in my other current account and together they have more than £800 every day . Your help will be much appreciated.

Thank you

Yes. You can combine more than one statement as proof of maintenance funds.

However the funds must be *cleared funds at the end of each working day for 90 consecutive days.

So £780 + £20 showing as cleared funds for 3months will meet the maintenance funds requirements.


* Not including such things as overdraft

[serenas11]

Thanks this is very helpful