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Financial Guide

Proof of Funds for UK Student Visa & Admission

Learn about the financial proof required for your UK student visa and university admission. Understand exact requirements, acceptable documents, and avoid common mistakes when demonstrating your financial capacity for studying in the UK.

UK Financial Requirements Calculator

2025-26

Calculate the exact funds you need to show for your UK student visa

Study Location:London
Course Duration:9 months
Annual Tuition Fees:£21,000
Total Funds Required:£35,320
Includes tuition fees, living expenses, and healthcare surcharge

Overview of UK Financial Requirements

As part of your UK student visa application, you must demonstrate that you have sufficient funds to cover your tuition fees and living expenses during your studies in the UK. These financial requirements are designed to ensure you can support yourself without relying on public funds or working beyond the permitted limits. The UK Home Office applies strict criteria to financial evidence, and meeting these requirements is crucial for a successful visa application. For the 2025-26 academic year, these requirements continue to be a critical component of the Student visa route (formerly Tier 4).

Total Funds Required

You must demonstrate possession of funds to cover your tuition fees for the first year, plus living costs for up to 9 months (generally £1,334 per month for London and £1,023 per month for areas outside London).

28-Day Rule

Your funds must be held in an acceptable account for at least 28 consecutive days before application submission. The closing balance must not fall below the required amount at any point during this period.

Accepted Evidence

The UK accepts specific financial documents including personal bank statements, official financial sponsorships, educational loans, and certain government-sponsored scholarship programs. Each has strict format requirements.

Financial Amounts Required

The UK Home Office requires specific financial evidence to demonstrate your ability to support yourself during your studies. The exact amount depends on your study location and program duration. For the 2025-26 academic year, you must show funds to cover your tuition fees for the first year of your course, plus living expenses (known as "maintenance funds") calculated based on the length of your course and whether you'll be studying in London or elsewhere in the UK.

London Institutions
Higher living costs allowance for institutions in London
Monthly living costs:£1,334 per month
9-month course requirement:£12,006 total
Example calculation:£21,000 (tuition) + £12,006 = £33,006

For courses in London lasting 9 months or more, you must show the full tuition fee for the first year plus 9 months of living expenses (£12,006). For courses less than 9 months, you need the full tuition fee plus £1,334 for each month of the course.

Outside London
Standard living costs allowance for institutions outside London
Monthly living costs:£1,023 per month
9-month course requirement:£9,207 total
Example calculation:£18,000 (tuition) + £9,207 = £27,207

For courses outside London lasting 9 months or more, you must show the full tuition fee for the first year plus 9 months of living expenses (£9,207). For courses less than 9 months, you need the full tuition fee plus £1,023 for each month of the course.

Additional Costs to Consider

Immigration Health Surcharge (IHS)

You must pay £490 per year of your visa duration. This is a separate payment from your tuition and maintenance funds but is a mandatory part of your financial planning. For example, a 3-year course would require a £1,470 IHS payment.

Visa Application Fee

Standard Student visa applications currently cost £363 for applications made outside the UK and £490 for in-UK extensions. These fees must be paid during the application process and are separate from your proof of funds.

Dependants (if applicable)

If you're bringing dependants (spouse/partner or children), you must show additional maintenance funds of £845 per month (London) or £680 per month (outside London) for each dependant for up to 9 months.

Acceptable Financial Documents

The UK visa authorities accept specific types of financial evidence to support your application. Each document must meet strict requirements to be considered valid. It's essential to understand which documents are acceptable and how they must be presented to avoid visa delays or rejections. The UK Home Office evaluates these documents carefully to ensure they meet all criteria.

Personal Bank Statements

Personal bank statements are the most common form of financial evidence. These must be official documents issued by your bank that clearly show your funds have been held for at least 28 consecutive days before application.

Bank Statement Requirements:

  • Must be printed on official bank letterhead or stamped by the bank
  • Must clearly show your name, account number, bank name and logo
  • Must show transactions and closing balances for each day
  • Balance must not drop below the required amount on any day
  • Statement date must not be more than 31 days old at the time of application

Accepted Types of Accounts:

  • Personal savings accounts
  • Current/checking accounts
  • Fixed deposit accounts (with confirmation that funds are accessible)
  • NOT accepted: Investment accounts, shares, bonds, salary slips, credit cards, or pension funds
Educational Loan Letters

Educational loans from recognized financial institutions can be used as proof of funds. The loan must be confirmed and unconditional, meaning it's not dependent on you securing a visa first.

Loan Letter Requirements:

  • Must be on official letterhead from a recognized financial institution in your country
  • Must clearly state your name and the loan amount in your local currency and GBP
  • Must confirm the loan is educational and provided specifically for UK studies
  • Must confirm the funds will be available to you upon arrival in the UK
  • Must state there are no conditions attached to the loan release
Official Sponsorship & Scholarship Letters

Scholarships and sponsorships from recognized organizations can be used as proof of funds, provided they cover the required amount and meet specific criteria. These can come from governments, international organizations, universities, or officially recognized sponsors.

University/Scholarship Sponsorships:

  • Must be on official university or organization letterhead
  • Must state your name and the exact amount of money being provided
  • Must clearly state what the scholarship covers (tuition, living expenses, etc.)
  • Must include contact details of the sponsoring organization

Government Sponsorships:

  • Must be issued by your government on official letterhead
  • Must confirm the scholarship/sponsorship is from a government
  • Must confirm the amount will cover all tuition and living expenses
  • Must be dated within the last six months

Document Specifications & Requirements

Each financial document submitted with your UK student visa application must meet specific format, age, and content requirements to be considered valid by UK authorities. The Home Office is extremely strict about documentation standards, and even minor deviations can lead to visa rejections.

Document Age & Validity

Currency (Recency) Requirements

Financial documents must not be older than 31 days from the date of your visa application submission. The closing balance date on your statement must be within this 31-day window. Using outdated financial evidence is one of the most common reasons for visa rejections.

28-Day Holding Period

Your funds must be held in your account for at least 28 consecutive days before application. The Home Office will check the opening and closing balance dates to verify this requirement has been met. This period must end no more than 31 days before your application date.

Consistent Fund Levels

The balance must not drop below the required amount at any point during the 28-day period. Even a single day with insufficient funds will invalidate your financial evidence. The Home Office will check for the lowest balance during this period.

Format & Translation Requirements

Document Format

All documents must be original (not photocopies) or officially verified copies. Electronic statements are acceptable only if they are properly stamped/verified by the bank. Documents must show your name exactly as it appears in your passport, with no variations in spelling or format.

Translation Requirements

If your documents are not in English or Welsh, you must provide a full translation that includes:

  • Confirmation from the translator that it's an accurate translation of the original document
  • The date of the translation
  • The translator's full name and signature
  • The translator's contact details

The translation must be prepared by a professional translator or a certified translation service. Self-translations are not accepted.

Official Verification Requirements

Bank Verification

Bank statements must be verified through one of these methods:

  • Printed on official bank letterhead with the bank's logo
  • Stamped by the bank on each page (digital stamps are often not accepted)
  • Accompanied by a dated letter from the bank confirming the statement's authenticity
  • For online statements, must have a bank stamp or accompanying verification letter

Information Clarity

All documents must clearly show:

  • Your full name matching your passport exactly
  • Account number and type of account
  • Bank name, branch, and contact information
  • Date range covered by the statement
  • Opening and closing balances
  • Currency denomination

Any obscured, missing, or unclear information may result in the document being rejected.

Application Process & Timing

Preparing and submitting your financial evidence requires careful timing and attention to detail. The process involves strategic planning to ensure your funds are properly documented and meet the 28-day holding requirement while still being within the 31-day recency window when you apply. Planning this timeline correctly is essential for a successful UK student visa application.

Financial Documentation Timeline
1

3-4 Months Before Application (Initial Planning)

  • Calculate the exact amount of money required for your specific course and location
  • Identify funding sources (personal savings, parents, loans, scholarships)
  • If using parents' funds, prepare relationship evidence (birth certificate, consent letter)
  • If applying for loans, begin the application process with your financial institution
2

2 Months Before Application (Fund Preparation)

  • Ensure all required funds are accessible and can be moved to the account you'll use
  • Confirm that your bank can provide properly formatted statements with all required details
  • Pre-pay tuition fees to your university if possible (to reduce the total amount needed in your account)
3

40-45 Days Before Application (The Critical Window)

  • Deposit the full required amount into your account
  • Do not make any withdrawals that would reduce the balance below the required amount
  • Maintain the balance carefully throughout the 28-day period
4

28-31 Days After Deposit (Documentation)

  • Request official bank statements showing the 28-day period with no balance drops
  • Ensure the statement shows daily transactions and closing balances
  • Get official bank stamps or verification letters if using online statements
5

Within 31 Days of Statement Date (Application Submission)

  • Submit your visa application while your financial documents are still valid (within 31 days of statement end date)
  • Include all supporting documentation (birth certificates, consent letters, etc. if applicable)
  • Keep funds in the account until your visa decision is received
Critical Timing Considerations

Advanced Planning Tips

  • Contact your bank in advance to understand their statement cycle dates
  • Find out how quickly your bank can produce official statements
  • Consider requesting custom statement periods if your bank offers this service
  • Check if your bank can expedite statement preparation for visa purposes

Common Timing Mistakes

  • Waiting too long after the 28-day period to obtain statements (exceeding 31-day window)
  • Not accounting for bank processing time to generate official statements
  • Applying too late in the academic year, creating unnecessary time pressure
  • Making withdrawals during the 28-day period that drop the balance below requirements

Common Mistakes to Avoid

Many UK student visa applications face delays or rejections due to preventable errors in financial documentation. The UK Home Office strictly enforces financial requirements, and even small mistakes can lead to visa refusals. Understanding and avoiding these common pitfalls can significantly improve your chances of a successful application.

Insufficient Holding Period

Many applicants fail to maintain their funds for the full 28 consecutive days required. Even if the balance drops below the required amount for just one day during this period, your evidence will be considered invalid.

Solution:

Deposit more than the minimum required amount to create a buffer. Avoid any withdrawals during the 28-day period. Set up account alerts to notify you if your balance falls below the required threshold.

Using Outdated Statements

Using bank statements older than 31 days from your visa application date is a common reason for refusals. Many applicants underestimate how quickly the 31-day window passes after their 28-day holding period ends.

Solution:

Request your bank statements immediately after the 28-day period ends. Have all other application materials ready before your financial documentation is complete. Submit your application promptly after receiving your statements.

Improper Document Verification

Using online/printed statements without proper bank verification is a major issue. Many applicants submit screenshots or home-printed statements without the necessary bank stamps or verification letters.

Solution:

Request original bank statements on bank letterhead directly from your bank branch. For online statements, visit your bank to get each page stamped and verified. Some banks offer special documentation services for visa applications.

Missing Parent/Guardian Documentation

When using parents' or legal guardians' funds, applicants often provide bank statements but forget the additional required documents proving relationship and consent.

Solution:

Always include your birth certificate (original with translation if needed) and a signed consent letter from your parent/guardian. The consent letter should clearly state they are providing financial support for your studies and their relationship to you.

Using Unacceptable Financial Sources

Applicants sometimes use unacceptable sources of funds such as investment accounts, property valuations, bonds, stocks, salary slips, or credit card statements, which the UK Home Office does not accept as evidence.

Solution:

Only use funds from accepted sources: personal bank accounts, parents' bank accounts (with proper documentation), education loans, or official scholarships. If your funds are in investments, liquidate them and deposit the money in a standard bank account at least 28 days before applying.

Incorrect Amount Calculations

Many applicants miscalculate the exact amount required, either by using outdated maintenance figures, forgetting to include full tuition fees, or not accounting for course duration correctly.

Solution:

Double-check the current maintenance requirements on the official UK government website. Use the university-provided tuition fee information for exact figures. Consider adding a small buffer (5-10%) above the minimum requirement to account for any exchange rate fluctuations.

Frequently Asked Questions

Resources & Links

Below, we've compiled a comprehensive collection of official resources, tools, and guides to help you navigate the financial requirements for UK student visas. These resources include official UK government sources, university guidance, and additional tools to assist with your financial planning and documentation.

Official UK Government Resources
University & UKCISA Resources
Financial Planning Tools
  • OANDA Currency Converter

    The official currency conversion tool used by UK Visas and Immigration to assess financial documents in foreign currencies.

  • Numbeo UK Cost of Living

    Up-to-date cost of living data for various UK cities to help with budgeting beyond the minimum financial requirements.

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