Eligible people to use bank statements

[fredwoud97]

which people or companies are eligible to use their bank statements for you apart from your biological parents or legal guardian

 

[Naturgrl]

which people or companies are eligible to use their bank statements for you apart from your biological parents or legal guardian

Is your company paying your way? Anyone other than immediate/extended family should consider gift deeds to prove that funds are a gift to support your studies.

 

[fredwoud97]

Is your company paying your way? Anyone other than immediate/extended family should consider gift deeds to prove that funds are a gift to support your studies.

Please which people are seen as immediate family members aside your mum and dad

 

[Naturgrl]

Please which people are seen as immediate family members aside your mum and dad

Immediate family - spouse, children. Extended family - siblings.

 

[fredwoud97]

Immediate family - spouse, children. Extended family - siblings.

perfect, so please would it be shown as a gift to support your studies in the bank statement or they need to transfer the money into your accounts?

 

[Naturgrl]

perfect, so please would it be shown as a gift to support your studies in the bank statement or they need to transfer the money into your accounts?

Assume you are under 22, your parents can show their accounts.

 

[fredwoud97]

Assume you are under 22, your parents can show their accounts.

what if you are more than 22, maybe between 25 and 45?

 

[Naturgrl]

what if you are more than 22, maybe between 25 and 45?

Well 25 to 45 s a huge range. Show your own funds as the primary account(s), and parents as secondary. They may or may not be considered depending on your age. Don’t transfer large amounts to your account as that‘s a red flag, and you have to document where and why you got the money.

 

[fredwoud97]

Well 25 to 45 s a huge range. Show your own funds as the primary account(s), and parents as secondary. They may or may not be considered depending on your age. Don’t transfer large amounts to your account as that‘s a red flag, and you have to document where and why you got the money.

so we can transfer them in bits till we are ready to go?

 

[Naturgrl]

so we can transfer them in bits till we are ready to go?

When applying, you need at least 4 months of the most recent bank statements. If your parents start depositing money every month, it must be accounted for and VOs will take into account whether you can afford your studies without support.