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How many days need to stay £200000 in third part bank.

Only for UK Tier 1 (Entrepreneur) points system. This route is now closed to new applicants.

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reflection
Junior Member
Posts: 51
Joined: Sat Oct 20, 2012 5:23 pm

How many days need to stay £200000 in third part bank.

Post by reflection » Sat Oct 20, 2012 9:36 pm

hi every one, very soon i am going to apply for tier 1 entrepreneur visa, currently i m in tier 4 just complete MBA. now my query is, the amount of money £200000 is it necessary to keep in third bank account for any specific time period or just i have to submit the closing balance statement.

please help me about this i am fully confuse about this,,,,,,,,,,,,

Lucapooka
Respected Guru
Posts: 7616
Joined: Sun Aug 14, 2011 10:30 am
Location: Brasil

Post by Lucapooka » Sun Oct 21, 2012 8:12 am

There is no minimum time limit but, obviously, it would need to be held with the FI for whatever period they needed in order to emit a letter or statement to that effect.

la
Member of Standing
Posts: 370
Joined: Tue Oct 26, 2010 10:28 am

Post by la » Mon Oct 22, 2012 5:49 pm

Hi Lucapooka,

I have kept the money 200k for three weeks (100k in UK bank account and 100k in India bank account) and taken all amount from UK bank account and India bank account. Applied for Visa day before yesterday with latest UK and India bank statements and letters.

Please note all the money was in my (applicant) India and UK bank accounts.

Is there any chance to reject my tier entrepreneur Visa based on balance available on verification date ?

Could you please clarify please.

amirkhan2019
Newly Registered
Posts: 5
Joined: Fri Oct 19, 2012 7:38 pm
Location: london
Contact:

Post by amirkhan2019 » Tue Oct 23, 2012 12:13 pm

There should be no problem , you will get the visa provided if you got bank letter from indian bank , you dont need letter from uk bank .

reflection
Junior Member
Posts: 51
Joined: Sat Oct 20, 2012 5:23 pm

bank letter

Post by reflection » Wed Oct 24, 2012 12:09 am

what should mention in Bank letter by bank, if it is third party account. and also is it necessary to prove relationship between me and third party?????

nickb
Junior Member
Posts: 93
Joined: Thu Sep 20, 2012 2:42 pm
India

Re: bank letter

Post by nickb » Wed Oct 24, 2012 3:38 am

reflection wrote:what should mention in Bank letter by bank, if it is third party account. and also is it necessary to prove relationship between me and third party?????
Just fulfill the requirements for the letter mentioned in the policy guidance to the T.

Not sure about the relationship part but since it's mentioned in the template you might as well. It could be anything...family, friend, investor etc. They shouldn't judge you for that.

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