Tuition fee/Living costs
As part of your visa application, you need to show the UKVI that you can afford to study in the UK.
You need to show:
- Tuition fees
- MINUS Scholarship
- MINUS Deposit already paid
- PLUS UKVI Living costs (£10,224)
Tuition fees vary per course. An example of what you might need to show could be:
- Tuition fees = £17,000
- MINUS Scholarship = £2,000
- MINUS Deposit already paid = £6,000
- PLUS UKVI Living costs = £10,224
- £17,000 - £2,000 - £6,000 + £10,224 = £19,224
Using this example means that you need to show the UKVI you have at least £19,224 when you make your visa application. We recommend having an additional moderate amount of £100 or more to help protect against currency fluctuations.
If you are already in the UK on a valid visa for 12 months or more, and are applying to stay in the UK, you may not have to show financial evidence for your CAS or visa application. If you think that this applies to you, please contact us.
28 day rule
The UKVI require the money to have been held for at least 28 days, without the funds dropping below that amount at any point during that 28 days (even part of a day).
Example:
You are making your visa application on 1st July and are required to show £19,224.
You show bank statements dated 1st to 29th June which have a lowest balance on 14th June equivalent to £19,400.
The lowest balance during the 28-day count is more than the required funds, so these bank statements can be used for your CAS and visa application.
Bank statements
The bank statement must be issued by a bank which is regulated by the official governing body which regulates the banking or financial industry in your country.
Your bank statement should show the following information:
- Name of account holder,
- Account number,
- Currency,
- Dates of statement,
- Dated within the past 31 days,
- Bank contact information.
The UKVI will check your financial evidence as part of your visa application, including verifying the authenticity of the statement with your bank, and if they cannot confirm this is accurate and authentic, your visa application will be refused.
You can show more than one account in your own name if you have funds in several accounts, provided all accounts meet the 28-day rule, and statements are dated in the past 31 days. Statements from different accounts may be in different currencies.
You can also use a supporting letter from the bank saying the total amount of money available to you which has been held for 28 days immediately before the date of the letter.
You can use a joint account if you are one of the people named on the account.
Other accounts
Other accounts or financial instruments such as shares, bonds, overdrafts, credit cards and line of credit are not acceptable, regardless of notice period.
Certificates of Deposit
Certificates of deposit are acceptable as financial evidence, but they must show a similar level of detail to that which is required for a bank statement.
The Immigration Team and the UKVI must be able to see that the funds are in the form of cash and are immediately available to the account holder for withdrawal. Very few certificates of deposit show this information, so you must also get a supporting letter from the financial institution who issued the certificate, confirming the amount has been held for a minimum of 28 days, and can be withdrawn immediately with no notice period.
Documents
Further Information
Please do not send any documents until these are asked for by the Admissions Department or Immigration Team. When we ask for documents, unless we tell you otherwise, do not send original documents, send scans of them or very good quality photographs where all the details on the document can be seen. Keep original documents for your visa application.
If you have any questions about your financial evidence and cannot find the answers on our web pages, please contact Immigration@rgu.ac.uk