Applying for fiance visa. Lets say I just meet the 62500 pounds in cash savings but I did some money transfer between my own accounts. Saving account 1 has over 6 months statement with 10000 pounds. Saving account 2 was just created 5 months ago so only have 5 months statement and all money from account 1 transferred to account 2 on the day it was created. So Saving account 1 will show money leaving and entering Saving account 2 five months ago. So is this still okay? Saving account 2 is only five months old but the money came from Saving account 1 which shows over 1 year in the statement. Submitting our documents tomorrow and this is worrying me.
i used savings -together with state pension. but i was able to submit 6 months bank statements--also an explanation as to the source of the money ( house sale 2 years before ) so are you saying that that savings a/c #1 had over £62,k in it 5 months ago--then you transferred all but £10k into a/c #2 5 months ago ? so now you have £10 k in 1..and £52,5k or more in the newer a/c.? so long as you explain this on the sponsorship appendix so the case worker can see what you have done. you can show you had over the required amount for the 6 month period. also say where the money came from originally.
Well not quite. Lets say I have a bank account which has 52.5k and that has not been touched. Savings a/c #1 has 10k in it which has been there over a year with statements to prove it. Five months ago I opened Saving a/c #2 which has better interest rate so I moved 10k from Savings a/c #1 to #2. So currently bank account has 52.5k Saving a/c #1 has 0 Saving a/c #2 has 10k but has only been active for FIVE months. Both Saving accounts are in Halifax Yeah I said all money are from past employment saved.
I don't see a problem as long as you evidence transactions between the accounts. I used cash savings a couple of months ago for the FLR and I can tell you they were only interested in the account with £62,500 in it, I submitted business bank statements and personal account statements to show a money trail and they were not interested, they lady dealing with our application and asked me what they were for. Remember it is best to write a declaration how you came about the savings (ie business, salaried employment etc.) and remember the cash must be held in a instantly accessible account.
i cant see any problem. 52.5 in an a/c for more than 6 months with statements to prove. 10k in another 2 a/cs transerred 5 months ago with a paper trail to show its been held more than 6 months.
Saving a/c #2 was CREATED five months ago though. A quote from https://www.gov.uk/government/upload...equirement.pdf page 49 The applicant and/or their partner must confirm that the money, which cannot be borrowed, is under their control and evidence that it has been held in their bank account (singular) for at least the 6 months prior to the date of application.
Bank account, bank accounts is really the same to me, as long has you have held the cash for 6 months prior to the application then you will not have a problem. If you are concerned about it just wait until you have held the money in one account for 6 months.
The Halifax statements printed in branch doesn't state when the accounts were created though. Will decide tonight to risk or not to risk. Thanks lads.
I don't see a problem either - you can liken the situation to the sale proceeds from a house - you don't need to put the money in the bank account and wait 6 months; as long as you've owned the house for 6 months or more and can prove it then it's ok. One thing that you don't elude to is whether you withdrew the cash from a/c 1... and then opened a/c 2 with the withdrawn cash - in that case they could argue the money hasn't been in the bank for 6 months... but see above. However, if you left the money with the Halifax and the bank did a simple transfer from a/c 1 to a/c 2 then the money's obviously been in the bank for the whole six months.
On appendix 2, 3.75 f it says "How Long has the account been held" should I write 5 months or 6 months? As I said the on last post the statements doesn't state when the accounts were created/opened. That's pretty much my situation but I don't know if the ECO will see it that way as the account is only 5 months old if I put down I held it for 5 months. I declared that money coming in to a/c #2 was transferred from a/c #1.
Just put you've held savings accounts with Halifax for over 6 months (or a year if that is the case) but there's only five months statements for a/c 2 because you opened that account (to take advantage of a higher rate of interest) with a transfer of £10,000 from a/c 1 on dd mmm yyyy as you can see on statement no x of a/c 1 and statement no x of a/c2 attached documents. But, if the statements don't have any dates on them then they're not much good are they!
I just put they were both opened same date. I meant it doesn't state when the account was opened, in fact none my other bank statements do. The statements were printed from Halifax branch as they couldn't get me postal ones from most recent 3 months and they assured me it was legit enough as it has the Halifax logo, branch code of where it was printed...
