Student visa maintenance requirements
If you (and any dependants) are applying from inside the UK and have held valid immigration permission for at least 12 months preceding the date of your visa application, you will automatically meet the financial requirements. This means you will not be required to submit financial evidence to support your visa application.
Please see our online information on who can apply from inside the UK.
If you are applying outside of the UK or you have not held valid UK immigration permission for at least 12 months you must meet the maintenance requirements below.
If studying a course that is more than 12 months, you must show you have enough money for the first year. If your course is 12 months or less, you must show you have enough money for the entire course.
Any tuition fees paid to the University before you apply can be deducted from the total amount. This can be evidenced on your CAS or by receipts.
You will have to show an amount of £9207 (£1023 per month up to a maximum of 9 months) or the length of your course, whichever is shorter.
Up to £1265 of any University of Reading accommodation fees paid can be deducted from the total amount. This can be evidenced on your CAS or by receipts. This doesn’t include fees paid towards private accommodation.
Maintenance for dependants
Each dependant will be required to demonstrate maintenance of £6120 (£680 per month up to a maximum of 9 months) or the length of leave (immigration permission) expected to be granted, whichever is shorter.
The money can be held by the dependant or the Student. Funds for dependant children can be held by the Student or the dependant partner providing they either have, or are being granted, immigration permission (other than as a visitor) at the same time as the child.
See who can bring dependants.
Doctorate Extension Scheme applicants
If you (and your dependants) have not lived in the UK with valid immigration permission for at least 12 months preceding the date of your visa application, you will have to show an amount of £2046 (£1023 per month for 2 months) in living costs and dependants need to show £1360 (£680 per month for 2 months) in living costs.
Student Union Sabbatical Officers
You are not required to meet or submit evidence of financial requirements whether you apply inside or outside of the UK.
See below for the different documents you can use to evidence your funds:
You can use cash funds held in a personal bank or building society account (including current, deposit, savings, pension from which the funds can be withdrawn or investment account) provided the account allows the funds to be accessed immediately.
You cannot use evidence such as business accounts, overdrafts, bitcoin savings, stocks and shares, bonds, credit cards, pensions from which the funds cannot be withdrawn immediately, bank accounts that are not regulated by the financial regulatory body in the country you are applying from bank accounts that don’t use electronic record keeping.
The funds can only be held by:
• You (the student), including a joint account you hold with someone else
• Your parent(s)/legal guardian(s)
• Your partner (if they are in the UK or applying at the same time as you)
Bank statements must be for a consecutive 28-day period and the end date of the statement must not be later than 31 days before the application date. For instance, if your bank statement is from 1 June to 30 June, you must not make your application later than 31 July. Please refer to the Financial guidance.
Bank statements must show:
• The account holder’s name(s); and
• account number; and
• date of statement; and
• bank’s name and logo; and
• amount available on each of the relevant 28-days; and
• currency type
You can provide a download of electronic bank statements if it contains the above information.
If using funds not in GBP, you should check the currency conversion of the lowest amount you hold during the relevant 28-day period on the date or application using OANDA.com. You should write this amount of the statement.
You can use more than one bank statement to evidence funds, but they must cover the same relevant 28-day period and the balance on each of the 28 days must total the amount you are required to demonstrate. Each statement needs to contain the information above.
You can also obtain a letter from the bank stating all the information above. They could include a sentence such as ‘We confirm the balance in the account has not dropped below [enter the lowest balance] in the 28 days preceding the date on this letter.’
NOTE: If relying on your parent(s)/legal guardian(s) bank statements, you will also need to provide evidence of your relationship (such as a birth certificate/court document/adoption certificate) and a letter from your parent(s)/legal guardian(s) confirming your relationship and that they consent to you using their funds to study in the UK.
UK Visas and Immigration may carry out verification checks with your bank. If they are unable to verify your funds your application is likely to be refused.
Certificate of deposit
Certificates of deposit must have been issued within 31 days of the date of application (the date you pay and submit online). At least 28 days must have elapsed between the date of the deposit and the date of issue of the certificate. For example, a certificate showing funds available from 1 May to 30 October, can only be used after 28 May. The certificate will not be valid if used before 28 May.
It must also confirm the account holder can access the funds at any time.
Official financial sponsorship
Student visa applicants can receive official financial sponsorship from:
• Her Majesty’s Government
• their home government
• the British Council
• an international organisation
• an international company
• a university
• a UK independent school
If your sponsorship covers your full fees and living expenses, you do not require additional bank statements, but you will need to provide an official financial sponsorship letter. If you are not fully sponsored, you will need to show evidence of funds to cover the balance.
If you are sponsored by the University of Reading, we can include the details of your sponsorship/scholarship on your CAS and you will not require a letter.
If you do require a letter from your Official Financial Sponsor it must show:
• your name; and
• the name and contact details of your official financial sponsor; and
• the date of the letter; and
• the length of your sponsorship; and
• the amount of money they are giving to you (and any dependants) or a statement that your official financial sponsor will cover all your (and your dependants) tuition/course fees and living costs.
• they consent to your Student application
If you (or any of your dependants) have been officially financially sponsored by a government or an international scholarship agency the 12 months preceding the date of application, you must provide a letter from your financial sponsor confirming that they have no objection to the application to remain in the UK to continue your studies/extend your visa. This can be included in the new sponsorship letter if it is the same sponsor.
You can provide a loan letter, but it must meet the following requirements:
• be dated no more than 6 months before the date of application; and
• confirm the loan is for you (you cannot use a loan letter in a parent’s name); and
• confirm the loan is a student loan provided to you by either the relevant government or a government sponsored student loan company or an academic or educational loans scheme*; and
• the financial institution’s name and logo; and
• the money available as a loan; and
• is on official stationery; and
• confirms the funds will be available to you or paid directly to the University before you travel to the UK, or available before you begin your course if the loan is provided by your national government (with any living cost portion of the loan being made available to you by the time you arrive in the UK; and
• confirms there are no conditions on release of the loan funds other than a successful application to study.
* an academic or educational loans scheme which is provided by a financial institution regulated for the purpose of issuing student loans by either the Financial Conduct Authority (FCA) or the Prudential Regulation Authority (PRA) or, in the case of an overseas loan, the official regulatory body for purpose of issuing student loans in the country the institution is in and where the money is held.
Need more help?
If clarification is needed on any aspect of the Rules or you have questions about your visa application, please email the International Student Advisory Team at email@example.com where we will respond to you as soon as possible, alternatively telephone +44(0)118 378 8038.