International finance requirement – Bloomsbury Institute London

International finance requirement

To make a Student visa application, you need to show that you have enough money to support yourself in the UK and pay for any outstanding course fees you may have.

You will need to show that you have at least £1,334 per month for your living costs. This means for any course that is 9 months or more, you will need to have a minimum of £12,006 for your visa application, plus any outstanding course fees.

Funds must be maintained in a bank account for at least 28 consecutive days and the bank document must not be more than 31 days old on the day that you submit your online visa application. You can show funds from a current account, deposit account, savings account or investment account that belongs either to you or your parent(s) or legal guardian(s). You can also show funds in a joint account, as long as you are also named as a joint account holder to that account.

If you show funds in the name of your parent(s) or legal guardian(s), you must also provide your birth certificate or adoption certificate and a consent letter from the account holder(s) agreeing to your use of the funds in the account. If you show funds in a joint account, you must also provide a consent letter from the other account holder(s) giving you consent to use the funds in the account.

You can also provide a loan letter if you received a student loan or a financial guarantee letter if you received official financial sponsorship from the relevant bodies recognised by the UKVI as official financial sponsors. Amongst other things, these letters must state how much money is granted to you for your course fees and/or maintenance.

We will check your financial documents to make sure they meet the UKVI requirements before we issue you with a CAS. You may also be required by the UKVI to confirm the source of your funds during the application process. This is particularly requested where there are large random cash, cheque or transfer deposits seen on the bank statement and/or where the bank statement has been printed for just a 28-day period. In some cases, during the assessment of your financial documents, we may ask you to provide us with evidence of the source of the funds reflected on the bank statement you provide us with.

More details about meeting the financial requirement can be found here.

If you have any questions regarding the financial requirement or any of the above information, please contact our Compliance Manager at visa.compliance@bil.ac.uk or call us on +44(0)20 7078 8843.