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maintenance funds

Archived UK Tier 1 (General) points system forum. This route no longer exists.

Moderators: Casa, archigabe, CR001, push, JAJ, ca.funke, Amber, zimba, vinny, Obie, EUsmileWEallsmile, batleykhan, meself2, geriatrix, John, ChetanOjha, Administrator

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k820
Junior Member
Posts: 56
Joined: Sun Jul 12, 2009 2:44 pm

maintenance funds

Post by k820 » Sun Sep 13, 2009 9:51 pm

I got a question regarding maintenance funds. I have to show two different bank statement to show my source of earnings , one earned from the employer and one from Self-Employed.

Problem is that i have a negative balance in 1 statement, but have funds maintained in other accounts , does it affect my application. what if i attach a cover later to point for maintenance funds to the bank statement which has non-negative balance.
and even in the negative balance i can still have overdraft of 1800, which i can use...

Can you please tell me what effect it might have on my application

k820
Junior Member
Posts: 56
Joined: Sun Jul 12, 2009 2:44 pm

Post by k820 » Mon Sep 14, 2009 10:20 am

Waiting for Advise guys ..

ChetanOjha
Moderator
Posts: 2771
Joined: Thu Dec 28, 2006 12:49 am
Location: London
United Kingdom

Re: maintenance funds

Post by ChetanOjha » Mon Sep 14, 2009 10:53 am

k820 wrote:I got a question regarding maintenance funds. I have to show two different bank statement to show my source of earnings , one earned from the employer and one from Self-Employed.

Problem is that i have a negative balance in 1 statement, but have funds maintained in other accounts , does it affect my application. what if i attach a cover later to point for maintenance funds to the bank statement which has non-negative balance.
and even in the negative balance i can still have overdraft of 1800, which i can use...

Can you please tell me what effect it might have on my application
You can use two different accounts to show maintenance funds. If one account has got negative funds but on the same instance(day) you have maintained enough amount in other account, that is acceptable. In case of multiple accounts, combined sum of both the account should be go below the minimum reqd fund at any given moment of time.
Overdraft is not accepted as maintenance funds.Don't bank on it.

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