This is one of the most important requirements you need to demonstrate to the Home office to obtain a Student visa and enter the UK. Below we will explain the financial requirements for UK student visa in detail, documentary evidence needed and the conditions attached to them.
You need to demonstrate you have sufficient funds to maintain yourself in the UK without any financial pressure and also pay your fees. This is the first step that you have to fulfil in order to meet the UK student visa financial requirements. That’s right. You need to demonstrate the following amounts maintained for 28 days in your bank account or your parent’s bank account or joint account with anyone. The financial requirements for UK student visas have changed from December 1 2020 as new immigration rules were introduced.
|Maintenance + outstanding fees
|In Country – Making application in the UK
£1334 x 9 months
= £12,006 + outstanding tuition fees owed to the university maintained for 28 days
If you are currently in the UK and have been in the UK on a Tier 4 General Student Visa or Student visa for a period 12 months then you are NOT REQUIRED TO SHOW FINANCES TO UKVI when submitting your visa application.
£1,023 x 9 months
= £9,207 + outstanding tuition fees owed to the university maintained for 28 days
Types and conditions of financial documents you can use to demonstrate maintenance
You have to present a few documents in order to meet the UK student visa financial requirements. The following documents below can be used to satisfy financial evidence:
- The following documents below can be used to satisfy financial evidence: Original bank statements / online bank statements stamped by the bank/ bank letters/ bank passbook / educational loan letter from documents / fixed deposits statements/letter from an official financial sponsor such as government or multinational company.
- ALL DOCUMENTS MUST DEMONSTRATE CASH FUNDS ONLY. This means funds need to be available to you at any time you wish. You cannot use credit cards, shares, bonds, bitcoins or any other non-cash financial instruments.
- The documents can be in your name or your parents’ name or joint account with anyone else. If it is your parents’ account, you will require to submit your birth certificate and a parent consent letter. If it is a joint account, you will need a letter signed by the other account holder(s).
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