Large Transfer to meet Financial Requirement (Fiance Visa)

Has anyone ever made a large transfer from one bank account in your name (specifically an investment account) to another bank account in your name to meet the financial requirement for the Fiance Visa? My bank would be able to give me a certified letter verifying this deposit. Or is this not a smart thing to do? Do your Savings strictly have to be in the same account for 6 months prior to application?

I'm worried that my Cash Reserve account with an investment company may possibly not be considered "liquid" with the ECO, although I have letters from the company and my financial adviser stating it is fully accessible to me by requesting a check to be sent to my home by post. But I'm considering transferring enough funds over to my liquid bank account before I apply, just in case. My lawyer seems to think this transfer is okay, but I'm not sure because of the way the 6-month rule is stated. We're applying before January ends. So confused, don't know what to do!

Hi,

If you did a transfer, you'd need to show where the money has come from so would need to submit your statements from the Cash Reserve account showing you've had the savings for at least 6 months. As long as you provide this I can't see any difficulties.

What would concern me about relying solely on the Cash Reserve account would be that you have to call and request a cheque and whether this would be interpreted as not being "instantly accessible"

What would concern me about relying solely on the Cash Reserve account would be that you have to call and request a cheque and whether this would be interpreted as not being "instantly accessible"

Thanks for your reply!

I am concerned about the same thing, which is why I thought about possibly doing this transfer. Thankfully, I have evidence from the Cash Reserve account over a 6-month period and have also been told I can get a letter verifying the deposit from the local bank the funds would be deposited into because it might take awhile to show up in my balance.

I'm still hesitating, though, thinking this might be seen as manipulating my accounts solely for the visa. Though I also think if it's my money, I have a right to do what I want with it. Just want to do it the right way for the visa!

I honestly don't think the ECO could say or imply that it's manipulation of your accounts given that the money is in your name anyway.

I'm sure the transfer will be ok and it sounds like you have a decent amount of evidence relating to both accounts. However, if the balance doesn't show up in your account that would be another concern because it won't actually be in your account on the day the application is made.

I honestly don't think the ECO could say or imply that it's manipulation of your accounts given that the money is in your name anyway.

I'm sure the transfer will be ok and it sounds like you have a decent amount of evidence relating to both accounts. However, if the balance doesn't show up in your account that would be another concern because it won't actually be in your account on the day the application is made.

Yes and I don't think the deposit will be fully complete until after I need to apply. We probably shouldn't use my savings for the financial requirement, then. Very frustrating.

Can I ask about how Non-Employment income is calculated? We think we're doing it correctly... My fiance has 48 weeks of rental income in the past 12 months that totals £4,750 (evidenced on a full year's worth of bank statements). 5 weeks rent at £90, 43 weeks at £100. Is it just simply adding up all rental income and adding that on to his lowest calculated job salary (£14,500) to meet the requirement?

(Tenant moved out in December, but a new tenant moves in early February if this adds any weight.)