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Topic: FLR(M) savings - OK to have US statement address?  (Read 700 times)

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FLR(M) savings - OK to have US statement address?
« on: January 30, 2018, 05:46:51 PM »
Exactly.  It's just ticking a box.  If you can tick it with cash savings - that's by far the easiest route.  They won't care that it's a US based 401k.  I promise!

Thanks to KFdancer for confirming in a previous post that it's not a red flag to use US 401(k) for my FLR(M) visa renewal savings evidence.

I'm hoping my follow-up question is straightforward. Will I face any issues if:
  • My savings account statement address is in the US, even though my home is clearly in the UK (Fidelity won't forward internationally, so access to the originals is dependent on having my parents receive them in the US on my behalf).
  • My statement address (i.e., my parents') doesn't match any other address in my application - it would only be my name that matches.
In order to have the statements show my UK address, they told me I'd have to download and print since they won't send originals overseas, and when I asked Fidelity at the time of my original visa application they said they wouldn't offer the service of stamping/certifying each page and/or writing a letter of authenticity for the printouts.

Any insight?

Spouse visa granted with validity from 18 December 2015
First UK entry on visa - 19 December 2015
FLR(M) granted 2.5 years - 25 May 2018
Applied for ILR - 21 November 2020
ILR biometrics - 16 December 2020
ILR approved via email - 30 April 2021
BRP received - 19 May 2021 (courier attempted delivery without notice and didn't attempt again - had to track it down after 10 business days)
Applied for naturalisation - 19 May 2021
Naturalisation biometrics - 22 May 2021


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Re: FLR(M) savings - OK to have US statement address?
« Reply #1 on: January 30, 2018, 05:57:13 PM »
I'm hoping my follow-up question is straightforward. Will I face any issues if:
  • My savings account statement address is in the US, even though my home is clearly in the UK (Fidelity won't forward internationally, so access to the originals is dependent on having my parents receive them in the US on my behalf).
  • My statement address (i.e., my parents') doesn't match any other address in my application - it would only be my name that matches.

Shouldn't be an issue as there is no mention of the account needing to be registered at a particular address. It just has to be in either your name, your spouse's name or both names jointly. It can't have anyone else's name on the account.

The requirements for savings accounts are:

Quote
7.4.1. Savings must be held in cash in a personal bank/savings account in the name of the applicant, their partner or the couple jointly.
(no mention of address on account)

Quote
7.4.3. The following table illustrates all the requirements that must be met:
Summary of all the requirements that must be met for funds to be considered as cash savings held in a current, deposit or investment account
1. The bank/savings account is a current, deposit or investment account
2. The account is held is a financial institution regulated by the appropriate regulatory body for the country in which that institution is operating
3. The financial institution is not on the list of excluded institutions under the Immigration Rules
4. Regular bank statements are provided
5. The statements cover the necessary time period required in the Immigration Rules
6. The savings are held in cash (or their cash value is clear)
7. The savings can be immediately withdrawn (with or without penalty)
8. The funds are under the control of the person and/or their partner for the necessary time period required in the Immigration Rules
9. The source of the funds is legal
10. The source of the funds has been declared
(no mention of address on account)

And regarding the account being in US dollars, not GBP:

Quote
3.5. Conversion of foreign currency
3.5.1. Income or cash savings in a foreign currency will be converted to pounds sterling (£) using the closing spot exchange rate which appears on www.oanda.com on the date of application. Where there is income or cash savings in different foreign currencies, each will be converted into pounds sterling (£) before being added together, and then added to any UK income or savings, to give a total amount. Any fluctuation in the exchange rate prior to the date of application will be disregarded: the decision-maker will base the conversion of the foreign currency income or cash savings into sterling on the exchange rate as at the date of application.


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Re: FLR(M) savings - OK to have US statement address?
« Reply #2 on: January 30, 2018, 09:29:15 PM »
Thanks so much ksand24 - appreciate the reassurance that I should be able to assume statement address is irrelevant since the guidance doesn't explicitly mention anything about it.
Spouse visa granted with validity from 18 December 2015
First UK entry on visa - 19 December 2015
FLR(M) granted 2.5 years - 25 May 2018
Applied for ILR - 21 November 2020
ILR biometrics - 16 December 2020
ILR approved via email - 30 April 2021
BRP received - 19 May 2021 (courier attempted delivery without notice and didn't attempt again - had to track it down after 10 business days)
Applied for naturalisation - 19 May 2021
Naturalisation biometrics - 22 May 2021


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