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Bank Overdraft
Posted: Sun Sep 15, 2013 2:53 pm
by jara777
Hi seniors, I'm sorry if someone has already asked this question in the post. I am applying for my ILR in December as the spouse of a British Citizen and i have an overdraft facility and my balance is always minus. Since I am the only earning member in the family. Will it affect my ILR application? Your suggestions would be appreciated.
Posted: Sun Sep 15, 2013 3:09 pm
by Amber
Providing you can adequately maintain and accommodate yourselves, there is not a problem with using an overdraft facility.
Posted: Sun Sep 15, 2013 3:32 pm
by AilleantSian
I have just been successful at getting ILR and i am i my overdraft which is quite large
Posted: Sun Sep 15, 2013 4:59 pm
by jara777
Thanks very much for a quick reply. I mean to say that in every month bank statement. Money out surpasses the money in into my account. Will it be a problem?
Posted: Mon Sep 16, 2013 1:29 am
by Amber
That should be ok providing you have earnings coming in.
Posted: Mon Sep 16, 2013 5:02 am
by jara777
Thank you Amber for your quick reply.
Re: Bank Overdraft
Posted: Wed Sep 10, 2014 5:10 pm
by mobeenkhan
Hi jara777, I hope by now you have your ILR. Can you please let me know if being in negative on your bank statement caused any problems during the process?
Thank you
Re: Bank Overdraft
Posted: Wed Sep 10, 2014 5:43 pm
by jara777
Hi Mobeenkhan, Not at all. Got my ILR without a problem.
Are you going to apply anytime soon?
Re: Bank Overdraft
Posted: Wed Sep 10, 2014 5:57 pm
by mobeenkhan
Hi jara777, Thanks for the reply. Yes I'll be applying for my ILR next month. I do have more than £3000 in my savings account but my Personal Account (where the salary comes), it's been in overdraft for a very long time (maybe 2 years and more) as I never bothered bringing it back into positive. But, now I'm just a bit concerned, as the overdraft is quite big (around £2000). And my wife is applying with my as a dependent. So, I was a bit worried about it ...
Re: Bank Overdraft
Posted: Wed Sep 10, 2014 6:17 pm
by jara777
TBH I have more than that. I don't think it will cause any problem as long as the money coming to your account is accountable.
Re: Bank Overdraft
Posted: Thu Sep 11, 2014 12:32 pm
by mobeenkhan
Thanks a lot for the support
jara777, really need it right now
Re: Bank Overdraft
Posted: Tue Jan 20, 2015 9:04 pm
by bingoboy
mobeenkhan wrote:Thanks a lot for the support
jara777, really need it right now
Hi Mobeenkhan,
How did your ILR application go? I have the same problem (large overdraft paid back monthly but no savings account).
Thanks
Re: Bank Overdraft
Posted: Thu Jan 22, 2015 12:02 pm
by chakri28
bingoboy wrote:mobeenkhan wrote:Thanks a lot for the support
jara777, really need it right now
Hi Mobeenkhan,
How did your ILR application go? I have the same problem (large overdraft paid back monthly but no savings account).
Thanks
Hi Mobeenkhan,
could you please let us know, an update of your application process. i am in the same boat, account is always been overdrawn but the regular salary is coming in every month.
Thank you
sri