Why do you need to transfer the 15k GBP into your account? The 6,200 GBP you have now based on the current exchange rate is enough for you to present as your POF. Although, you said you will attach a letter saying it's an inheritance, i actually think you will be making your application complicated. Just submit the bank statement for 6 months and you will be fine. About the fluctuation it doesn't really matter, that's why they ask for 6 months bank statements to see if the money actually belongs to you.AgentEves said:Hi All.
Very informative thread here. Thanks to all those who have contributed.
Just want to put forward my specific case and see what people think. I'm finding very conflicting info regarding the six month requirement. On another forum they are absolutely adamant that you need to have held the funds for six months. But that a) seems ridiculous because many people will be saving up, and b) it doesn't actually say on the CIC website anything about having held it for six months.
So... My situation. I have had around £5-6k GBP in my current + savings account every month since January. Hovering just below the required amount (Currently £6,200ish based on current exchange rates), but the funds didn't drop below £4.5k GBP at any point.
However, I have £15k GBP inheritance, currently held in Premium Bonds by my father. I have read that PB are not acceptable as they are not liquid. Plus the PB are in my Dad's name. However, the money is mine, as inheritance from my Grandfather and my Dad intends on transferring me the money when I need it.
If I transfer the funds into my account, I will obviously be well over the CAD requirement. I will attach a letter from my father explaining that the money is inheritance, and not to be paid back.
Will this satisfy the officer? Or will I be rejected based on not having over the requirement for the full six months?
A friend of mine had his money in his UK account since 2014, but travelled elsewhere and took that money with him where he deposited it into another account (bearing his name). When he came back he deposited back into his Uk account. He submitted the bank statement from both of these accounts and he was alright. He just got his PPR. So the thing is that in as much as the money is in your name and account i think it'll be fine.