In Bangladesh, India, Ghana, and Nigeria, UK Visas and Immigration (UKVI) only accept financial evidence from specific banks. Since the list of accepted banks can change periodically, it’s important to verify with Real Education Consultancy before making any deposits to ensure that the bank is recognized by UKVI.
What are the UKVI Approved Financial Institutions in Bangladesh, India, Ghana and Nigeria?
It’s crucial to understand that not all financial institutions in Bangladesh, India, Ghana, and Nigeria are sanctioned by UK Visas and Immigration (UKVI). Therefore, it’s imperative for applicants intending to utilize a specific institution for their UK visa application to verify its approval status with UKVI and ensure compliance with all necessary criteria.
UKVI-approved financial institutions in these countries are those that have successfully met the rigorous quality standards and financial regulations set by UKVI, guaranteeing a secure and dependable service for UK visa applicants. Even after approval, these institutions remain under regular monitoring by UKVI to uphold the established quality standards.
Applicants should also be mindful of any additional requirements imposed by the financial institutions, such as providing supplementary documents or information during payment processing. Approved financial institutions will offer guidance on the necessary steps, prompting applicants to review these requirements before initiating their payment.
For further insight into the criteria governing UKVI-approved financial institutions in Bangladesh, India, Ghana, and Nigeria, applicants can refer to the official gov.uk website. This resource furnishes comprehensive details regarding all approved financial institutions in each country, along with any pertinent additional requirements or constraints.
Is There a List of UKVI Approved Financial Institutions?
Previously, UK Visas and Immigration (UKVI) maintained a list delineating acceptable and unacceptable financial institutions, specifying banks approved by UKVI for processing visa applications. However, this roster of banks has been recently eliminated from the guidelines, and UKVI has introduced the following updated guidance.
Utilizing funds from an overseas bank account is permissible. Nonetheless, the Home Office will not consider funds from an overseas account if any of the following conditions apply:
1. The Home Office encounters difficulties in conducting satisfactory verification checks of the overseas bank.
2. The overseas bank lacks regulation by the appropriate regulatory body in its respective overseas country.
3. The overseas bank does not utilize electronic record-keeping systems.
For further information, please consult the Immigration Rules Appendix Finance at https://www.gov.uk/guidance/immigration-rules/immigration-rules-appendix-finance.
Our expert recommendation to you is to utilize the top five major banks in your country (or the top five international banks prevalent in your country). This choice would provide assurance to UKVI regarding compliance with their stipulated requirements.
