How to explain source of funds for UK visa application
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I'm planning to apply for a 2-week visa to the UK for taking the PLAB 2 test. I have a monthly earning of about £200. I also have savings of £3,000. Out of these, a friend of mine transferred to my account about £2,000 4 months ago. Do I need to explain the source of this money?
Also, can I present evidence of crypto currency earnings from mining investments and also that I purchased gold and silver (precious metal savings) to buttress my financial situation?
visas uk proof-provenance-of-funds
edited Jan 27 at 10:37
k2moo4
2,8501021
asked Jan 26 at 15:20
OLAOLUWA
1
add a comment |Â
up vote
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down vote
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I'm planning to apply for a 2-week visa to the UK for taking the PLAB 2 test. I have a monthly earning of about £200. I also have savings of £3,000. Out of these, a friend of mine transferred to my account about £2,000 4 months ago. Do I need to explain the source of this money?
Also, can I present evidence of crypto currency earnings from mining investments and also that I purchased gold and silver (precious metal savings) to buttress my financial situation?
visas uk proof-provenance-of-funds
edited Jan 27 at 10:37
k2moo4
2,8501021
asked Jan 26 at 15:20
OLAOLUWA
1
The answer to this question may be of use to you: travel.stackexchange.com/questions/66104/… and also travel.stackexchange.com/questions/39153/…
– etmuse
Jan 26 at 15:30
1
So the majority of your savings are from your friend? Why did the friend transfer the money? Is it a loan to try to help you with your visa application?
– Zach Lipton
Jan 26 at 16:40
Yes it is a major part. It was refunding of the money I lent. What if I state that it was a loan to try to help me with application, will it be wise?
– OLAOLUWA
Jan 26 at 19:06
If you state it was a loan to help you with the application that will almost guarantee your application fails.
– DJClayworth
Jan 26 at 20:11
add a comment |Â
up vote
0
down vote
favorite
up vote
0
down vote
favorite
I'm planning to apply for a 2-week visa to the UK for taking the PLAB 2 test. I have a monthly earning of about £200. I also have savings of £3,000. Out of these, a friend of mine transferred to my account about £2,000 4 months ago. Do I need to explain the source of this money?
Also, can I present evidence of crypto currency earnings from mining investments and also that I purchased gold and silver (precious metal savings) to buttress my financial situation?
visas uk proof-provenance-of-funds
edited Jan 27 at 10:37
k2moo4
2,8501021
asked Jan 26 at 15:20
OLAOLUWA
1
I'm planning to apply for a 2-week visa to the UK for taking the PLAB 2 test. I have a monthly earning of about £200. I also have savings of £3,000. Out of these, a friend of mine transferred to my account about £2,000 4 months ago. Do I need to explain the source of this money?
Also, can I present evidence of crypto currency earnings from mining investments and also that I purchased gold and silver (precious metal savings) to buttress my financial situation?
visas uk proof-provenance-of-funds
visas uk proof-provenance-of-funds
edited Jan 27 at 10:37
k2moo4
2,8501021
asked Jan 26 at 15:20
OLAOLUWA
1
edited Jan 27 at 10:37
k2moo4
2,8501021
asked Jan 26 at 15:20
OLAOLUWA
1
edited Jan 27 at 10:37
k2moo4
2,8501021
edited Jan 27 at 10:37
k2moo4
2,8501021
edited Jan 27 at 10:37
k2moo4
2,8501021
2,8501021
asked Jan 26 at 15:20
OLAOLUWA
1
asked Jan 26 at 15:20
OLAOLUWA
1
asked Jan 26 at 15:20
OLAOLUWA
1
1
The answer to this question may be of use to you: travel.stackexchange.com/questions/66104/… and also travel.stackexchange.com/questions/39153/…
– etmuse
Jan 26 at 15:30
1
So the majority of your savings are from your friend? Why did the friend transfer the money? Is it a loan to try to help you with your visa application?
– Zach Lipton
Jan 26 at 16:40
Yes it is a major part. It was refunding of the money I lent. What if I state that it was a loan to try to help me with application, will it be wise?
– OLAOLUWA
Jan 26 at 19:06
If you state it was a loan to help you with the application that will almost guarantee your application fails.
– DJClayworth
Jan 26 at 20:11
add a comment |Â
The answer to this question may be of use to you: travel.stackexchange.com/questions/66104/… and also travel.stackexchange.com/questions/39153/…
– etmuse
Jan 26 at 15:30
1
So the majority of your savings are from your friend? Why did the friend transfer the money? Is it a loan to try to help you with your visa application?
– Zach Lipton
Jan 26 at 16:40
Yes it is a major part. It was refunding of the money I lent. What if I state that it was a loan to try to help me with application, will it be wise?
– OLAOLUWA
Jan 26 at 19:06
If you state it was a loan to help you with the application that will almost guarantee your application fails.
– DJClayworth
Jan 26 at 20:11
The answer to this question may be of use to you: travel.stackexchange.com/questions/66104/… and also travel.stackexchange.com/questions/39153/…
– etmuse
Jan 26 at 15:30
The answer to this question may be of use to you: travel.stackexchange.com/questions/66104/… and also travel.stackexchange.com/questions/39153/…
– etmuse
Jan 26 at 15:30
1
1
So the majority of your savings are from your friend? Why did the friend transfer the money? Is it a loan to try to help you with your visa application?
– Zach Lipton
Jan 26 at 16:40
So the majority of your savings are from your friend? Why did the friend transfer the money? Is it a loan to try to help you with your visa application?
– Zach Lipton
Jan 26 at 16:40
Yes it is a major part. It was refunding of the money I lent. What if I state that it was a loan to try to help me with application, will it be wise?
– OLAOLUWA
Jan 26 at 19:06
Yes it is a major part. It was refunding of the money I lent. What if I state that it was a loan to try to help me with application, will it be wise?
– OLAOLUWA
Jan 26 at 19:06
If you state it was a loan to help you with the application that will almost guarantee your application fails.
– DJClayworth
Jan 26 at 20:11
If you state it was a loan to help you with the application that will almost guarantee your application fails.
– DJClayworth
Jan 26 at 20:11
add a comment |Â
1 Answer
1
active
oldest
votes
up vote
2
down vote
It appears that you have significant hurdles to overcome: funds parking, and that crypto currency is not accepted by virtue of being crypto, nor are gold and silver precious metals as they are not liquid assets (as well as being highly volatile).
Before application, you may wish to look at the guidance offered by @GayotFow in Should I submit bank statements when applying for a UK Visa? What do they say about me?
Additionally, this site sees a lot of questions regarding PLAB, and you could review those for relevancy to you.
answered Jan 26 at 17:06
Giorgio
28.7k859164
Ok. Thanks. I will not include the gold or cryptos to support application. But how can I deal with the issue of funds parking given that the transfered money was that which my friend returned to me after lending for a year? If I state that it is a loan from my friend, is it tenable?
– OLAOLUWA
Jan 26 at 19:01
Or will submit a 3 to 4 month bank statement of account suffice?
– OLAOLUWA
Jan 26 at 19:30
2
You should include bank statements to prove that you loaned your friend the money a year ago.
– DJClayworth
Jan 26 at 20:13
You seem very willing to say something which is untrue (regarding your funds) in order to pass a test or bureaucratic hurdle. This harms your credibility as a doctor.
– user16259
Jan 27 at 6:30
Not like I had intentions of saying it. Just wanted to know the likely response in such a scenario, for future purpose and I may be able to advise others rightly
– OLAOLUWA
Jan 27 at 11:07
add a comment |Â
1 Answer
1
active
oldest
votes
1 Answer
1
active
oldest
votes
active
oldest
votes
active
oldest
votes
up vote
2
down vote
It appears that you have significant hurdles to overcome: funds parking, and that crypto currency is not accepted by virtue of being crypto, nor are gold and silver precious metals as they are not liquid assets (as well as being highly volatile).
Before application, you may wish to look at the guidance offered by @GayotFow in Should I submit bank statements when applying for a UK Visa? What do they say about me?
Additionally, this site sees a lot of questions regarding PLAB, and you could review those for relevancy to you.
answered Jan 26 at 17:06
Giorgio
28.7k859164
Ok. Thanks. I will not include the gold or cryptos to support application. But how can I deal with the issue of funds parking given that the transfered money was that which my friend returned to me after lending for a year? If I state that it is a loan from my friend, is it tenable?
– OLAOLUWA
Jan 26 at 19:01
Or will submit a 3 to 4 month bank statement of account suffice?
– OLAOLUWA
Jan 26 at 19:30
2
You should include bank statements to prove that you loaned your friend the money a year ago.
– DJClayworth
Jan 26 at 20:13
You seem very willing to say something which is untrue (regarding your funds) in order to pass a test or bureaucratic hurdle. This harms your credibility as a doctor.
– user16259
Jan 27 at 6:30
Not like I had intentions of saying it. Just wanted to know the likely response in such a scenario, for future purpose and I may be able to advise others rightly
– OLAOLUWA
Jan 27 at 11:07
add a comment |Â
up vote
2
down vote
It appears that you have significant hurdles to overcome: funds parking, and that crypto currency is not accepted by virtue of being crypto, nor are gold and silver precious metals as they are not liquid assets (as well as being highly volatile).
Before application, you may wish to look at the guidance offered by @GayotFow in Should I submit bank statements when applying for a UK Visa? What do they say about me?
Additionally, this site sees a lot of questions regarding PLAB, and you could review those for relevancy to you.
answered Jan 26 at 17:06
Giorgio
28.7k859164
Ok. Thanks. I will not include the gold or cryptos to support application. But how can I deal with the issue of funds parking given that the transfered money was that which my friend returned to me after lending for a year? If I state that it is a loan from my friend, is it tenable?
– OLAOLUWA
Jan 26 at 19:01
Or will submit a 3 to 4 month bank statement of account suffice?
– OLAOLUWA
Jan 26 at 19:30
2
You should include bank statements to prove that you loaned your friend the money a year ago.
– DJClayworth
Jan 26 at 20:13
You seem very willing to say something which is untrue (regarding your funds) in order to pass a test or bureaucratic hurdle. This harms your credibility as a doctor.
– user16259
Jan 27 at 6:30
Not like I had intentions of saying it. Just wanted to know the likely response in such a scenario, for future purpose and I may be able to advise others rightly
– OLAOLUWA
Jan 27 at 11:07
add a comment |Â
up vote
2
down vote
up vote
2
down vote
It appears that you have significant hurdles to overcome: funds parking, and that crypto currency is not accepted by virtue of being crypto, nor are gold and silver precious metals as they are not liquid assets (as well as being highly volatile).
Before application, you may wish to look at the guidance offered by @GayotFow in Should I submit bank statements when applying for a UK Visa? What do they say about me?
Additionally, this site sees a lot of questions regarding PLAB, and you could review those for relevancy to you.
answered Jan 26 at 17:06
Giorgio
28.7k859164
It appears that you have significant hurdles to overcome: funds parking, and that crypto currency is not accepted by virtue of being crypto, nor are gold and silver precious metals as they are not liquid assets (as well as being highly volatile).
Before application, you may wish to look at the guidance offered by @GayotFow in Should I submit bank statements when applying for a UK Visa? What do they say about me?
Additionally, this site sees a lot of questions regarding PLAB, and you could review those for relevancy to you.
answered Jan 26 at 17:06
Giorgio
28.7k859164
edited Jan 26 at 23:44
answered Jan 26 at 17:06
Giorgio
28.7k859164
answered Jan 26 at 17:06
Giorgio
28.7k859164
answered Jan 26 at 17:06
Giorgio
28.7k859164
28.7k859164
Ok. Thanks. I will not include the gold or cryptos to support application. But how can I deal with the issue of funds parking given that the transfered money was that which my friend returned to me after lending for a year? If I state that it is a loan from my friend, is it tenable?
– OLAOLUWA
Jan 26 at 19:01
Or will submit a 3 to 4 month bank statement of account suffice?
– OLAOLUWA
Jan 26 at 19:30
2
You should include bank statements to prove that you loaned your friend the money a year ago.
– DJClayworth
Jan 26 at 20:13
You seem very willing to say something which is untrue (regarding your funds) in order to pass a test or bureaucratic hurdle. This harms your credibility as a doctor.
– user16259
Jan 27 at 6:30
Not like I had intentions of saying it. Just wanted to know the likely response in such a scenario, for future purpose and I may be able to advise others rightly
– OLAOLUWA
Jan 27 at 11:07
add a comment |Â
Ok. Thanks. I will not include the gold or cryptos to support application. But how can I deal with the issue of funds parking given that the transfered money was that which my friend returned to me after lending for a year? If I state that it is a loan from my friend, is it tenable?
– OLAOLUWA
Jan 26 at 19:01
Or will submit a 3 to 4 month bank statement of account suffice?
– OLAOLUWA
Jan 26 at 19:30
2
You should include bank statements to prove that you loaned your friend the money a year ago.
– DJClayworth
Jan 26 at 20:13
You seem very willing to say something which is untrue (regarding your funds) in order to pass a test or bureaucratic hurdle. This harms your credibility as a doctor.
– user16259
Jan 27 at 6:30
Not like I had intentions of saying it. Just wanted to know the likely response in such a scenario, for future purpose and I may be able to advise others rightly
– OLAOLUWA
Jan 27 at 11:07
Ok. Thanks. I will not include the gold or cryptos to support application. But how can I deal with the issue of funds parking given that the transfered money was that which my friend returned to me after lending for a year? If I state that it is a loan from my friend, is it tenable?
– OLAOLUWA
Jan 26 at 19:01
Ok. Thanks. I will not include the gold or cryptos to support application. But how can I deal with the issue of funds parking given that the transfered money was that which my friend returned to me after lending for a year? If I state that it is a loan from my friend, is it tenable?
– OLAOLUWA
Jan 26 at 19:01
Or will submit a 3 to 4 month bank statement of account suffice?
– OLAOLUWA
Jan 26 at 19:30
Or will submit a 3 to 4 month bank statement of account suffice?
– OLAOLUWA
Jan 26 at 19:30
2
2
You should include bank statements to prove that you loaned your friend the money a year ago.
– DJClayworth
Jan 26 at 20:13
You should include bank statements to prove that you loaned your friend the money a year ago.
– DJClayworth
Jan 26 at 20:13
You seem very willing to say something which is untrue (regarding your funds) in order to pass a test or bureaucratic hurdle. This harms your credibility as a doctor.
– user16259
Jan 27 at 6:30
You seem very willing to say something which is untrue (regarding your funds) in order to pass a test or bureaucratic hurdle. This harms your credibility as a doctor.
– user16259
Jan 27 at 6:30
Not like I had intentions of saying it. Just wanted to know the likely response in such a scenario, for future purpose and I may be able to advise others rightly
– OLAOLUWA
Jan 27 at 11:07
Not like I had intentions of saying it. Just wanted to know the likely response in such a scenario, for future purpose and I may be able to advise others rightly
– OLAOLUWA
Jan 27 at 11:07
add a comment |Â
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The answer to this question may be of use to you: travel.stackexchange.com/questions/66104/… and also travel.stackexchange.com/questions/39153/…
– etmuse
Jan 26 at 15:30
1
So the majority of your savings are from your friend? Why did the friend transfer the money? Is it a loan to try to help you with your visa application?
– Zach Lipton
Jan 26 at 16:40
Yes it is a major part. It was refunding of the money I lent. What if I state that it was a loan to try to help me with application, will it be wise?
– OLAOLUWA
Jan 26 at 19:06
If you state it was a loan to help you with the application that will almost guarantee your application fails.
– DJClayworth
Jan 26 at 20:11