Peculiar Maintenance Funds Query

[intelinside]

Hi,

Thanks for your time for reading my post

My query goes like this:

As per the rules, I MUST maintain 2800GBP in my account for 3 months prior to the date of application.

My problem is this that I have 3-4 credit transactions in my account due to which my balance gets below to 2650-2700GBP (approx) than the required 2800GBP (thanks to daily fluctuations in exch. rates )

But it stays below the minimum amount for FEW days only.

Now, come to the real point:

Do they consider the statement on monthly basis? That is, they look at the balance of the account at the end of every month of these 3 months?

OR

They look at each transaction being made and if gets below 2800GBP they won't award points for that?

Secondly, what date of currency rate they will consider:

My last transaction of the the claimed period? Or the transaction date of the amount I am claiming for, that is, salary?


Thanks,

[gotcha]

Hi,

OR

They look at each transaction being made and if gets below 2800GBP they won't award points for that?

Thanks,

Balalnce should be maintened for each day in last 3 months. It should not go below that for any of day.

[geriatrix]

It will be in your best interest to read the Tier 1 policy guidance *carefully* and understand the rules, before you decide to invest 750 pounds on Tier 1 application.

The guidance clearly states that

that the funds of £2,800 or £800 have been in the bank for at least three months and the balance has always been at least £2,800 or £800, as appropriate.

regards

[CoolestGuyC]

Take the conversion rate on the last date of your bank statement and apply that conversion rate to each and every day's balance in your bank account in last 3 months to ensure that balance is not less than GBP 2800 (on each day, according to that conversion rate).