Sakshi Education
For verifying applicants' maintenance funds under Tier 4 of the points-based system, the UK Border Agency maintains a list of financial institutions in some countries that do not satisfactorily verify financial statements.
The list will be kept under review, and additions or deletions made as appropriate.
They will include an institution on the list if we consider, based on experience, that it does not verify financial statements to our satisfaction in more than 50 per cent of a sample of cases.
Further or alternatively, they may include institutions on the list if they do not participate in specified schemes or arrangements in the country of origin, where we trust the verification checks provided by banks that do participate in those schemes.
The following criteria provide an example of the minimum standard for banks in order for us to satisfactorily verify documentation:
• international banks; or
• national banks with a UK private banking presence; or
• regulated national/state banks that provide a core banking service.
They may award points to banks that do not meet these criteria, where they have a history of providing satisfactory verification checks.
The addition or removal of each bank to or from the list will be considered on its own facts.
An unsatisfactory verification check means that the institution does not respond to or provide a reliable response to our request for information, or we are unable to contact the institution. When a bank frequently provides unsatisfactory responses to verification requests, it is proportionate to include it on a list from which we will not accept documents, rather than verifying applications individually.
A Tier 4 applicant will score no points for maintenance if their supporting documents show that their funds are held in a financial institution on the list.
UK clearance officers will continue to verify financial information from other institutions on a case-by-case basis. They may refuse Tier 4 applications on the basis of these individual checks.
To view complete list of banks that do not satisfactorily verify financial statements Click here
For financial institutions whose financial statements are accepted Click here
They will include an institution on the list if we consider, based on experience, that it does not verify financial statements to our satisfaction in more than 50 per cent of a sample of cases.
Further or alternatively, they may include institutions on the list if they do not participate in specified schemes or arrangements in the country of origin, where we trust the verification checks provided by banks that do participate in those schemes.
The following criteria provide an example of the minimum standard for banks in order for us to satisfactorily verify documentation:
• international banks; or
• national banks with a UK private banking presence; or
• regulated national/state banks that provide a core banking service.
They may award points to banks that do not meet these criteria, where they have a history of providing satisfactory verification checks.
The addition or removal of each bank to or from the list will be considered on its own facts.
An unsatisfactory verification check means that the institution does not respond to or provide a reliable response to our request for information, or we are unable to contact the institution. When a bank frequently provides unsatisfactory responses to verification requests, it is proportionate to include it on a list from which we will not accept documents, rather than verifying applications individually.
A Tier 4 applicant will score no points for maintenance if their supporting documents show that their funds are held in a financial institution on the list.
UK clearance officers will continue to verify financial information from other institutions on a case-by-case basis. They may refuse Tier 4 applications on the basis of these individual checks.
To view complete list of banks that do not satisfactorily verify financial statements Click here
For financial institutions whose financial statements are accepted Click here
Published date : 28 Oct 2011 07:41PM
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