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Letter from an overseas bank

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

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fatguyslim
Member
Posts: 178
Joined: Sat Oct 15, 2011 1:07 pm

Letter from an overseas bank

Post by fatguyslim » Thu Mar 28, 2013 5:19 pm

Hello again everyone, I am sorting out all my documents well in advance to make an application at the end of next month. At the moment I am trying to get a letter from my bank in my home country for my maintenance funds. By the looks of it I believe the letter should have the following information:

1. My full name
2. My account number
3. My Bank's name and Logo (I take it they want to see the letterhead)
4. The date of the letter
5. Proof that the amount has been in my account (under my name) for at least 90 days.

Now I have checked out that my bank is listed under the financial institution list, so UKBA is able to make satisfactory checks. OK so my question regarding this issue is regarding the conversion rate. Does my bank need to convert this amount into GBP, to prove it's over £900. If yes can my bank use their conversion system rather than OANDA? The reason why I am asking this is because the cash I have in this account is way over £900 and to get my bank to convert using OANDA seems a bit of an overkill.

I mean I don't want to get my application refused on the basis that my bank didn't use OANDA when clearly the amount is was way over £900, regardless of what currency exchange one may use.

Please can someone let me know if he/she got refused based on this OANDA nonsense? Lastly if I am missing something regarding this one document then please let me know. Cheers

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

Post by Lucapooka » Thu Mar 28, 2013 9:03 pm

The conversion checks are performed by the UKBA. You merely present the amount in local currency and they do the rest by gauging your sum against the Sterling spot conversion rate that was reported by OANDA on the date of the application.

fatguyslim
Member
Posts: 178
Joined: Sat Oct 15, 2011 1:07 pm

Post by fatguyslim » Fri Mar 29, 2013 6:03 am

Nice one. Thanks for that info Luca.

MNaveedonline
Junior Member
Posts: 68
Joined: Wed Aug 29, 2012 3:21 pm

Post by MNaveedonline » Fri Mar 29, 2013 7:33 am

fatguyslim wrote:Nice one. Thanks for that info Luca.
I am Sorry my post in a wrong thread, but i want to double check my banker has made banker draft of 1020 pounds and make payable to "The home office" and i said i need only "home office", she said "the home office" is alright. is it ok.

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