UKVI Approved Financial Institutions
There are only certain banks which UKVI (UK Visas and Immigration) accept financial evidence from in Bangladesh, India, Ghana and Nigeria. The list keeps changing from time to time, so before you deposit your money, please ensure you check with Student Connect that the bank is accepted by UKVI.
What are the UKVI Approved Financial Institutions in Bangladesh, India, Ghana and Nigeria?
It is important to note that not all financial institutions in these four countries are approved by UKVI. As such, it is crucial for applicants who wish to use a particular institution when applying for a UK visa to check whether the institution has been approved by UKVI and whether they have met all of the necessary criteria.
The UKVI approved financial institutions in Bangladesh, India, Ghana and Nigeria will be any of those which have successfully met UKVI's stringent quality standards and financial regulations, ensuring they provide a safe, secure and reliable service to UK visa applicants. Even once approved, the financial institutions that qualify are still subject to regular monitoring by UKVI to ensure they continue to meet the quality standards.
Applicants should also be aware of any additional requirements, such as providing additional documents or information that the financial institutions may ask for when processing payments. The approved financial institutions will provide guidance on what is required, so applicants should take care to check this before submitting their payment.
To learn more about the criteria for approved UKVI financial institutions in Bangladesh, India, Ghana and Nigeria, applicants can visit the gov.uk website. This page will provide detailed information on all of the approved financial institutions in each country and also list any additional requirements or restrictions that may apply.
Is There a List of UKVI Approved Financial Institutions?
Previously UKVI had a list of acceptable and unacceptable financial institutions listing banks which are accepted by UKVI to process visa applications. However, this list of banks has now been removed from the guidance and UKVI have replaced it with the below guidance.
Using funds from an overseas bank account is permitted. Funds from an overseas account will not be considered by the Home Office however if any of the following apply:
- The Home Office is unable to make satisfactory verification checks of the overseas bank; or
- The overseas bank is not regulated by the appropriate regulatory body in the respective overseas country; or
- The overseas bank does not use electronic record keeping
Please refer to, https://www.gov.uk/guidance/immigration-rules/immigration-rules-appendix-finance, of the Immigration Rules for further details.
Our expert advice to you is to use top five major banks of your country (or the top five international banks which are popular in your country). This would reassure UKVI of the requirements they are looking for.
Learn more about obtaining a Student Visa
International students planning to pursue higher education in the UK are required for apply for Student Visas. At Student Connect, we provide you with step-by-step assistance regarding the entire visa application process. Assistance is also provided regarding the requirements for obtaining a Student Visa - Academic, English-language proficiency, Financial etc.) along with any other specifications, as needed.
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