Looking for student visa UK show money guide?
Getting your UK student visa means that you must pay close attention to the money part.This is because, show money is an important section and can really affect whether you get approved or not.The basic idea of this is simple.The UK government wants to make sure that you can take care of yourself while you're studying without running into money issues.However, there are more points that you must know regarding this.Therefore, let’s get into the details of the show money part to grant your student visa.How Much Money Do You Need to Show?
To make it simple, you must prove that you have the capability to cover up your first year's course fees.In addition to that, you also need to consider your living expenses and the amount that depends on where you'll be studying at.Roughly, if you're heading to London, you need around £1,394 each month for up to nine months.Let’s say that you are studying somewhere else in the UK.In that case, that drops to £1,235 per month.Note: If you are planning to stay with your family, you'll need extra money. This falls for around £845 per month for each person in London or £680 per month outside of London.Acceptable Sources of Funding
The UK Home Office is pretty flexible about where your money can come from.Remember that your own bank account works great, and so do your parents' or legal guardians' accounts.Just keep in mind, if you're using your parents' money, you need to show them some paperwork in order to prove that they're really your parents.Education loans are okay as well, as long as they're from proper banks and you have an official letter that explains everything.They're also happy with scholarships and sponsorships from registered organizations as well, plus government funding or grants.Note: It doesn’t matter what kind or type of bank documents that you are using in this case, just make sure that you have the right paperwork to submit.Important Bank Statement Requirements
The money needs to be in your account for 28 days straight!And when you apply, your final bank statement can't be more than 31 days old.In this case, you need statements from registered banks of the Central bank.When it comes to the type of account, both savings and regular accounts are acceptable.Note: If you are planning to use an account from another country, make sure that you include the official exchange rates from OANDA or XE by using the rate by the time that you are applying.Common Mistakes to Avoid
Here's what trips people up: not keeping the money in their account for the full 28 days, or getting the paperwork wrong, as mentioned before.Moreover, always use original documents, and if they're not in English, get them properly translated by a specific translator.In addition to that, check your math carefully that are especially with exchange rates.Tip: Don't withdraw a whole lot of money right before you apply. This is because, it looks suspicious and might not meet that 28-day rule.Timeline and Planning
Make sure to sort out all your money issues about three months before you plan to apply for the visa.As a matter of fact, have some time to get all your documents done including the translations as well, if you need them.Think carefully about when to get your bank statements, so they're not too old when you apply.This is because, usually, all the bank documents are valid for up to 3 months in time.Also, keep in mind that International documents might need extra time for official stamps and verification. So it is wise to plan ahead regarding your documents.Tips for Success
Make a list of everything that you need and work through it step by step.Keep your documents organized and labelled clearly.Always have some backup copies. As you might need those for verifications.Also, keep an eye on exchange rates and remain a bit extra in your account just in case if the rates change.ConclusionGetting your financial documents in a clear way for your UK student visa takes some careful planning.However, these are all possible if you are following the rules.The key in this case is to know exactly what you need in order to get the visa approval.Therefore, by following our important points, you will be on the correct path when it comes to the show money related documents.So make sure to be genuine and mindful, when you are handling all the show money issues.Contact TEVS a
UK student visa consultants in Sri Lanka for more information.
