Internet Savings Account?

[ishfaqsangra]

Could any body please explain is it ok to show investment funds from an account named

XXX(name of the person) Internet Savings Account

This account has roughly £100,000

I confirmed from the person (my third party) who said its not ISA(individual savnigs account).

[Princess of Ammi]

if you read the title of the account it puts it off the recognition a confirmation relates to what it is, isnot effected when it confirms it being ''saving'' by itself
however a phone call to UKBA(before the application) by you or a lawyer could answer the question on the potential of its acceptability

[ishfaqsangra]

[quote="Princess of Ammi"]if you read the title of the account it puts it off the recognition a confirmation relates to what it is, isnot effected when it confirms it being ''saving'' by itself
however a phone call to UKBA(before the application) by you or a lawyer could answer the question on the potential of its acceptability[/quote

I searched online and I think the difference is they can not withdraw in branch any cheques but can operate online 24/7 that why it is called internet savings.
Will confirm with the bank and also with UKBA
What is the number ?help will be appreciated.I did tried once and option 3 and it went off.
It is also discussed on forum and any money which is readly accessible is ok.
Thanks .
I read policy guidence again and it says that we only accept money in cash and Individual Savings Account(ISAs) are not acceptable.
Internet savings is just a savings account named internet saving. not ISA.ISAs generally have limits as allowed by HMRC around 6000 per year tax free savings so in my case it is £100,000 so that is not ISA any way.

[ishfaqsangra]

if you read the title of the account it puts it off the recognition a confirmation relates to what it is, isnot effected when it confirms it being ''saving'' by itself
however a phone call to UKBA(before the application) by you or a lawyer could answer the question on the potential of its acceptability[/quote

I searched online and I think the difference is they can not withdraw in branch any cheques but can operate online 24/7 that why it is called internet savings.
Will confirm with the bank and also with UKBA
What is the number ?help will be appreciated.I did tried once and option 3 and it went off.
It is also discussed on forum and any money which is readly accessible is ok.
Thanks .
I read policy guidence again and it says that we only accept money in cash and Individual Savings Account(ISAs) are not acceptable.
Internet savings is just a savings account named internet saving. not ISA.ISAs generally have limits as allowed by HMRC around 6000 per year tax free savings so in my case it is £100,000 so that is not ISA any way.

Could any body give second opinion please?

[entrepreneur123]

its better to speak to lawyer. As long i know, saving account is allowed if it do not restrict you on withdrawal of money, meaning: monny should be available all time.

[ishfaqsangra]

its better to speak to lawyer. As long i know, saving account is allowed if it do not restrict you on withdrawal of money, meaning: monny should be available all time.

Thanks for reply.
Its sorted as I got another letter from him and printed statement and stamped which says the name as "Advantage saver"money is readily accessible.

He corrected On this date 14/02/2014 (4 into 3) with ball point after printing it will it be ok.