Applying for a UK student visa requires several documents, but one of the most important is your bank statement. This document shows that you have enough money to cover tuition fees, living expenses, and other expenses while studying in the UK.
The bank statement for UK visa proves to immigration authorities that you can financially support yourself. Your visa can be delayed or rejected because of an invalid bank statement.
Therefore, it’s essential to understand all requirements.
Fulfilling UK visa requirements for Pakistani students can be complicated; however, with proper guidance and preparation, you can ensure your application process is smooth and successful. Let’s explore the article in detail.
What is a Bank Statement?
A bank statement or account statement is a document that includes the summarized details regarding the monthly transactions. The bank provides this document to the account holder and contains information about all monthly deposits and withdrawals. The bank statement simply proves that an individual has enough funds to travel to the UK.
How much Bank Statement for UK student Visa
The UK Visas and Immigration (UKVI) provides no exact rules for how much money we must show. But after looking at many visa refusals, we know the income needed for a UK visit. Since the UK is an expensive country, you need to show your bank statement to cover all expenses in the UK.
ECOs Criteria:
ECOs stands for Entry Clearance Officers. They approved and refused the visa application according to the requirements and enough money in your bank statement to stay in the UK. They will consider the total cost and pay scale to grant your visa. Your pay should match half of the visa cost.
Important Details to Include in a Bank Statement for UK Visa
When you submit a bank statement for UK visa, you should ensure that the bank account is in your or your parent’s/legal guardian’s name. If you use a joint account, your name or your parent’s name must be on the account.
Your bank statement should include:
- Your account number
- The current balance in your account
- Printed on official bank paper or as an electronic copy
- The date and currency of the balance
- Bank details like the name, logo, and contact information
How to Meet the Bank Statement Requirement for a UK Visa
As mentioned, providing bank statements to demonstrate your financial status and monthly income is crucial. Nevertheless, if you place a large amount of money aside from your regular earnings into your account, it should be excluded from the bank statement. You should follow this requirement to avoid visa application refusals.
- The UK is an expensive country, so you should keep 100 $ to 150 $ in your account.
- Ensure your monthly income covers at least half of your trip expenses.
- The funds must be double for expected UK trip expenses.
Is a 3-Month Bank Statement Sufficient for a UK Visa?
Remember that all the money in your bank should not be kept for more than 28 days if you request a bank statement from your legal bank to submit for the visa application process.
Self-financing students can also send Certificates of Deposit or other Financial Statements (shares, overdrafts, bonds, credit cards) other than bank statements to demonstrate to UKVI that money is accessible for 28 days.
UK Visa Fee From Pakistan
The fees for a UK visa depend on the type of visa; it can be sponsored, a visit visa, or a student visa. UK visa charge for 6 months is £95. The fees for student visas begin at £190 if the course duration is less than one year.
The costs for various categories of UK visas in Pakistan differ based on the visa’s purpose. Nevertheless, the price of a visit visa remains the same for both adults and infants.
Conclusion
One of the most important things about bank statement for UK visa is submitting the correct bank statement. You need to show that your bank account has enough money to avoid visa application refusals. You should ensure that your bank statement meets all requirements. However, if you’re unsure about the bank statement, you should consult with our expert team at Study Idea, get the answer to all your questions, and improve your chances of visa approval.