Evidence of Finances
When you apply for your Student visa, you may need to prove that you have enough money to fund your course and support yourself. This is the financial part of the visa application and contributes 10 points of the required 70 points.
We may ask applicants to supply this evidence before we will issue a CAS.
You will need to show you have enough money to pay the course fees for your current academic year and your maintenance requirements. Please note that you must have had enough money in your account for 28 days in a row. The 28 days is calculated by counting back from the date of the closing balance on the most recent evidence you provide.
More information about the money you need when applying for a Student visa can be found on the UK government’s website.
How much money do you need?
You need to prove you have enough money to pay the course fees for your current academic year and your maintenance requirements (10539 GBP).
Evidence of your finances:
You need to evidence:
- You have held the required funds every day for a 28-day period.
- Your funds are in a financial institution that is accepted by UK Visas and Immigration (UKVI). (See below)
Documents you can use as evidence:
- Bank statement, and/or
- Bank letter, and/or
- Pass book, and/or
- Loan agreement dated no more than 6 months before the date of your application, and/or
- Sponsorship letter and permission to stay from sponsor, and/or
- Receipts for tuition fees and/or accommodation paid to Lancaster University
Financial institutions which are accepted:
Your financial institution must be regulated by the Financial Conduct Authority (FCA) or, in the case of overseas account, the home regulator (official regulatory body for the country in which the institution operates and the funds are located). Caseworkers can check the Regulatory authorities and supervisory agencies list to see the financial regulators for each country.
What to do if your financial institution is not accepted:
- Move your money to a financial institution the UKVI accepts.
- Wait at least 28 days before you make your visa application.
- Check you meet the other requirements.
Using a bank statement as evidence:
The date of your bank statement must be no earlier than 31 days before your visa application date. It must show you have had the required funds every day for a 28-day period.
If you are using more than one account, the statements must cover the same 28-day period.
The bank statement must show:
- Your name.
- Your account number.
- The bank’s name and logo
- The amount of money. If the money is not shown in pounds sterling, you will also need to include a currency conversion document from OANDA.
Accepted bank statements:
- Paper bank statements printed on the bank’s headed paper
- Electronic bank statements
- Joint bank account statements, naming you on the account with one or more other person
Using your parent(s)/guardian's bank statement:
- The date of the bank statement must be no earlier than 31 days before your visa application date. It must show the required funds every day for a 28 day period.
- The bank statement must show:
- The name
- The account number
- The bank’s name and logo
- The amount of money. If the money is not shown in pounds sterling, you will also need to include a currency conversion document from OANDA
- You will need an original letter (in English) from your parent(s)/guardian confirming:
- their relationship to you
- confirmation that they allow you to use their money for your studies
- An original birth certificate as evidence of your relationship, or an equivalent document.
Using bank letters as evidence:
The date of your bank letter must be no earlier than 31 days before your visa application date. It must show you have had the required funds every day for a 28-day period.
The bank letter must show:
- Your name
- Your account number
- The date of the letter
- The Bank’s name and logo. Please also include the Bank Officials name, direct telephone number and personal email address.
- That the money has been in your account for 28 days
- That you have the required amount of money
Translations:
A professional translator must translate any documents not written in English. Each translation must include:
- Name of translator
- Details of translator’s qualification
- Translator’s signature and date
- Translator’s contact details
- Statement: ‘I confirm this is an accurate translation of the original’
When is financial evidence not required as part of your visa application?
Some Student visa applicants do not need to provide evidence of their finances when they are applying for entry clearance in their country of nationality or ordinary residence, or for leave to remain in the UK. The Home Office calls this the 'differential evidence requirement'. You can check if you do not need to prove you have the money to support yourself on the UK Government’s website.
If you qualify to apply under the differential evidence arrangement, you are not required to include the evidence finances and qualifications with your application.
However, you might be asked to provide this evidence before you get a decision on your application.
If you do need to provide it, you’ll be contacted by UK Visas and Immigration (UKVI) after you’ve submitted your visa application.
How can I prepare?
We recommend you prepare evidence of your finances, unless you have been living in the UK with permission (of any visa type) for 12 months or more on the date you apply for the visa and are making your visa application in the UK.
Your visa application will be refused if you do not provide the necessary documents, in the time stated, if requested by UKVI.
If you do submit documents when they are not required, they will be assessed anyway. If they do not meet UKVI requirements, your visa application will be refused.
If you make a new visa application in the UK and you have been living in the UK with immigration permission (of any type) for 12 months or more on the date you apply, you will not need to meet the financial requirement. If you have not been living in the UK for 12 months or more, or are applying overseas, please read the following information carefully.
Further details about the money you need for your Student visa can be found on UK government’s webpage. Please read this information carefully to ensure you are fully aware of the requirements.