Proof of Funds for UK Student Visa with Sample

When applying for a UK student visa from Nigeria, one of the most crucial requirements is demonstrating that you have sufficient funds to cover your tuition fees and living expenses. The proof of funds requirement ensures that international students can financially support themselves during their studies in the UK.

This guide will explain how to get proof of funds for UK student visa, the required acceptable bank statement for a UK visa, and how much you need to show in your account.

How Much Proof of Funds Do I Need for a UK Student Visa?

The amount of proof of funds required depends on your university location and whether you are applying alone or with dependents.

1. Tuition Fees

You must show that you can pay the first-year tuition fees (or the full tuition fee if the course is one year long). The exact amount depends on your university and course.

2. Living Expenses (Maintenance Funds)

If your university is in London, you need at least £1,334 per month for up to 9 months (£12,006 total).
If your university is outside London, you need at least £1,023 per month for up to 9 months (£9,207 total).

3. Proof of Funds for UK Student Visa Dependent

If you are bringing dependents (spouse or children), you must show extra funds:
- £845 per month (London) or £680 per month (outside London) per dependent for up to 9 months.
- This means a dependent in London needs £7,605 and outside London needs £6,120.

Acceptable Proof of Funds for UK Student Visa

The UK government has strict guidelines on what is acceptable proof of funds for a UK visa. Here are the most common acceptable sources:

1. Bank Statements

The bank statement must be from a recognized financial institution.
The money must be in your account for at least 28 consecutive days before your visa application.
The closing balance must not be older than 31 days when submitting your application.
The statement should be official, showing your name, account number, bank name, and logo.

2. Sponsorship Letters

If a government, company, or scholarship body is sponsoring you, they must provide an official letter confirming their sponsorship.
The letter must include the amount covered and be printed on official letterhead.

3. Student Loan Confirmation

If using a student loan, it must be provided by an official financial institution.
The loan must cover tuition and living costs.

4. Fixed Deposit Accounts

Some banks issue fixed deposits that can be used as proof of funds.
The funds must be accessible, and the deposit should have been held for at least 28 days.

5. Parents’ or Legal Guardian’s Funds

If using your parent’s bank statement, you must provide a birth certificate and a sponsorship letter stating they will support you.
The funds must be in an acceptable account for 28 days.

UK Proof of Funds Calculator

To estimate the exact amount you need, use a UK proof of funds calculator by adding:

Your first-year tuition fee
£12,006 (if in London) or £9,207 (if outside London)
Additional amounts for dependents

How to Get Proof of Funds for UK Student Visa

Step 1: Choose the Right Bank

Ensure your funds are in a UKVI-approved bank. Some Nigerian banks may not be accepted.

Step 2: Maintain the Balance for 28 Days

Your account must have the required balance for at least 28 consecutive days before you apply.

Step 3: Get an Official Statement

Request a bank statement or letter from your bank that meets UKVI requirements.

Step 4: Double-Check the Details

Ensure your name, bank details, and amount match the visa application requirements.

UK Student Visa Proof of Funds Sample

View a sample proof of funds document for a UK student visa, including a bank statement example. Ensure your financial documents meet UKVI requirements for a successful visa application.

Proof of Funds for a UK Student Visa sample

FAQs on Proof of Funds for UK Student Visa

1. How much bank balance is required for a UK student visa in Nigeria?

To meet the UK student visa requirements, you must show proof of your first-year tuition fees and a certain amount for living expenses. Specifically, you need £12,006 if you’re studying in London or £9,207 if you’re studying outside London.

2. Can I use my parents’ bank account for proof of funds?

Yes, you can use your parents’ bank account, but you must submit a sponsorship letter along with a birth certificate to prove your relationship to them. This is necessary for the UKVI to verify that the funds are available to support your studies.

3. Is a Nigerian bank account acceptable for proof of funds?

Yes, a Nigerian bank account is acceptable as long as it is from a UKVI-approved bank. Some Nigerian banks may not meet the UKVI’s requirements, so it is important to check whether your bank is approved.

4. How long must the funds be in my account before applying?

The funds must remain in your bank account for at least 28 consecutive days before submitting your application. This is to demonstrate that the money is genuinely available for your use.

5. Can I use multiple bank accounts for proof of funds?

Yes, you can use multiple bank accounts to show proof of funds, provided that each account meets the UKVI’s requirements and holds the required balance. Be sure that all accounts show the necessary amount to cover your tuition fees and living expenses.

Get Expert Help for Your UK Student Visa

Understanding proof of funds for UK student visa from Nigeria is crucial to a successful application. Ensure your finances meet UKVI requirements, and get your documents ready on time.

If you need assistance with your visa application, proof of funds, or university admission, contact our expert advisors today!