DTV Application in London - Financial Evidence?

[hotandsticky]

Apologies but I have been unable to find the answer by searching topics.................

 

 

What evidence is required for the initial DTV application ?

[Upnotover]

I think it's equivalent of THB 500k for 3 months.  Only from what I've read. (Edit: I just checked the embassy website and the amount is correct though no mention how long it should be there)

[DrJack54]

Most e-Visa sites do not specify a time period for the 500k ...

eg here is cut/paste from LA eVisa..

 

"A copy of a recent saving or checking bank statement with an ending balance of no less than 500,000 THB or ($16,000 USD) that shows the applicant's name and date." 

 

 

[Sumiyoshicho]

22 hours ago, hotandsticky said:

Apologies but I have been unable to find the answer by searching topics.................

 

 

What evidence is required for the initial DTV application ?

The London embassy told me 500k THB/GBP equivalent is required in a personal bank statement. There is no minimum amount the 500K THB should be in the account. 

[hotandsticky]

47 minutes ago, Sumiyoshicho said:

The London embassy told me 500k THB/GBP equivalent is required in a personal bank statement. There is no minimum amount the 500K THB should be in the account. 

 

 

Thank you

[Sumiyoshicho]

4 hours ago, hotandsticky said:

 

 

Thank you

Should have wrote, there is no minimum amount of time the 500k THB should be in the account.  

[hotandsticky]

3 hours ago, Sumiyoshicho said:

Should have wrote, there is no minimum amount of time the 500k THB should be in the account.  

 

No, you are good - I got it from your earlier post, thank you.  Ties in nicely as confirmation of what @DrJack54

[Briggsy]

They will (initially) insist on it being shown on a recent statement.

 

UK current accounts issue monthly statements so they are more likely to be 'recent'. Most people don't keep £13,000 in a UK current account. If you have time to prepare, whack the dosh in your current account for a month to get the statement.

 

After I wrote to them, they accepted a savings account statement from several months previous. I did say I would put the £13,000 in the current account if they insisted. They didn't insist.

[hotandsticky]

5 hours ago, Briggsy said:

They will (initially) insist on it being shown on a recent statement.

 

UK current accounts issue monthly statements so they are more likely to be 'recent'. Most people don't keep £13,000 in a UK current account. If you have time to prepare, whack the dosh in your current account for a month to get the statement.

 

After I wrote to them, they accepted a savings account statement from several months previous. I did say I would put the £13,000 in the current account if they insisted. They didn't insist.

 

 

Thank you.  I presume that they would also accept a Premium Bond 'statement'.

[Briggsy]

5 hours ago, hotandsticky said:

 

 

Thank you.  I presume that they would also accept a Premium Bond 'statement'.

Definitely not.

 

Premium Bonds are not a bank account. They do not issue bank statements. You can only print off a 'bond record'. (Premium Bonds are a form of government-backed saving/lottery covered under their own specific legislation)

 

They will initially reject this as it clearly does not match the specified criteria. They will "request further documents". At that point, you could include a covering letter asking them to reconsider as you have the funds, just not in a bank account.

[hotandsticky]

2 hours ago, Briggsy said:

Definitely not.

 

Premium Bonds are not a bank account. They do not issue bank statements. You can only print off a 'bond record'. (Premium Bonds are a form of government-backed saving/lottery covered under their own specific legislation)

 

They will initially reject this as it clearly does not match the specified criteria. They will "request further documents". At that point, you could include a covering letter asking them to reconsider as you have the funds, just not in a bank account.

 

I didn't suggest that they were a bank statemen.....BUT, they are evidence of funds (I have used the Bond Summary as evidence for UK visas and also a house purchase deposit). 

 

 

 

Statements ARE available but you have to go through the FAF of registering as an agent? (i think).

[Briggsy]

10 hours ago, hotandsticky said:

 

I didn't suggest that they were a bank statemen.....BUT, they are evidence of funds (I have used the Bond Summary as evidence for UK visas and also a house purchase deposit). 

 

 

 

Statements ARE available but you have to go through the FAF of registering as an agent? (i think).

I am confident that premium bond records will initially be rejected as financial evidence for a DTV application as they clearly do not match the criteria. At the "further document" stage they may be deemed acceptable by a higher-up using a holistic approach. i.e. "have you got sufficient funds?"

 

Having worked closely with NS&I in my previous existence, I can assure there are absolutely no "statements" available for premium bonds. They are deemed an asset and on any given date a "bond record" details the value of the asset. NS&I is at pains to state that premium bonds are not a bank account. There is and never will be anything that could be described as a "bank statement" for premium bonds. This is what is specifically requested on the evisa DTV application.

 

If you want to try to hoodwink the visa application examiner, you can log on to the NS&I website and print off a "transaction history". You do not need to register as an agent (not sure what that means). I assume you mean register as a financial advisor with NS&I. They do have a special service for financial advisors. Are you a financial advisor?

 

I hope this helps even if it is not the answer you may wish to hear.

[hotandsticky]

4 hours ago, Briggsy said:

I am confident that premium bond records will initially be rejected as financial evidence for a DTV application as they clearly do not match the criteria. At the "further document" stage they may be deemed acceptable by a higher-up using a holistic approach. i.e. "have you got sufficient funds?"

 

Having worked closely with NS&I in my previous existence, I can assure there are absolutely no "statements" available for premium bonds. They are deemed an asset and on any given date a "bond record" details the value of the asset. NS&I is at pains to state that premium bonds are not a bank account. There is and never will be anything that could be described as a "bank statement" for premium bonds. This is what is specifically requested on the evisa DTV application.

 

If you want to try to hoodwink the visa application examiner, you can log on to the NS&I website and print off a "transaction history". You do not need to register as an agent (not sure what that means). I assume you mean register as a financial advisor with NS&I. They do have a special service for financial advisors. Are you a financial advisor?

 

I hope this helps even if it is not the answer you may wish to hear.

 

I am grateful for your detailed response. Obviously. I am looking for the simplest route to providing 'evidence of funds'.

 

This is item 4 from the MOFA website:- 

 

"Financial evidence: amount of no less than 500,000 THB, e.g. bank statements, sponsorship letter".

 

IMO, if a PSB summary is acceptable to, say, UKVI then there is no reason why it should not be acceptable to MOFA...................I fully accept that acceptance, or otherwise, will be at the behest of the approver.

 

 

 

 

 

 

 

 

 

You may wish to review your comment about no statements being available.

 

 

How to get NS&I-branded statements online

Firstly, you need to register for our adviser online service. This will give you easier and faster access to information on your clients’ NS&I holdings, so is worth doing anyway, but it’ll also give you access to NS&I-branded statements.

 

 

 

https://www.nsandi-adviser.com/helping-us-help-you-nsi-branded-statement-requests

 

[Upnotover]

15 minutes ago, hotandsticky said:

 

I am grateful for your detailed response. Obviously. I am looking for the simplest route to providing 'evidence of funds'.

 

You may wish to review your comment about no statements being available.

 

 

How to get NS&I-branded statements online

Firstly, you need to register for our adviser online service. This will give you easier and faster access to information on your clients’ NS&I holdings, so is worth doing anyway, but it’ll also give you access to NS&I-branded statements.

 

 

 

https://www.nsandi-adviser.com/helping-us-help-you-nsi-branded-statement-requests

 

 

The only thing available to me is the "bond record" letter which may satisfy their needs.  I know "statements" exist for other ns&I products but I never saw one for premium bonds.  As for registering for the adviser online service I imagine that won't be straightforward.

[hotandsticky]

3 minutes ago, Upnotover said:

 

The only thing available to me is the "bond record" letter which may satisfy their needs.  I know "statements" exist for other ns&I products but I never saw one for premium bonds.  As for registering for the adviser online service I imagine that won't be straightforward.

 

 

I agree.

 

In a different situation (providing a deposit for my daughter's house purchase) I told the broker/lender that I could not provide statements unless I registered as a financial adviser - and that would be a FAF. Eventually, they accepted a copy of the bond record .

[Briggsy]

The quote you have provided above refers to statements with NS&I statements. It is about NS&I branding for documentation for financial advisors. You have collated two separate thoughts. There are no bank statements for Premium Bonds. You never mentioned if you were a FCA-registered financial advisor. If you aren't how are you going to register?

 

I know you want to hear the answer that a Premium Bond record is acceptable. But the facts are, it is not what is requested on the evisa site. This is the site that really counts. I detailed above that initially it will be rejected but at a later stage it may be accepted when the application is considered as a whole.

 

The thread is getting dragged off topic. You have 2 choices when/if you apply for the DTV

 

i) Try the bond record of your £50,000 in Premium Bonds.

ii) Pull £13,000 out of Premium Bonds and chuck it in a current account to create a valid bank statement to give them what they want. This will likely cause you to lose Premium Bond prizes on the amount taken out for 2 months due to the one month rule.

 

Your choice.

[hotandsticky]

2 minutes ago, Briggsy said:

The quote you have provided above refers to statements with NS&I statements. It is about NS&I branding for documentation for financial advisors. You have collated two separate thoughts. There are no bank statements for Premium Bonds. You never mentioned if you were a FCA-registered financial advisor. If you aren't how are you going to register?

 

I know you want to hear the answer that a Premium Bond record is acceptable. But the facts are, it is not what is requested on the evisa site. This is the site that really counts. I detailed above that initially it will be rejected but at a later stage it may be accepted when the application is considered as a whole.

 

The thread is getting dragged off topic. You have 2 choices when/if you apply for the DTV

 

i) Try the bond record of your £50,000 in Premium Bonds.

ii) Pull £13,000 out of Premium Bonds and chuck it in a current account to create a valid bank statement to give them what they want. This will likely cause you to lose Premium Bond prizes on the amount taken out for 2 months due to the one month rule.

 

Your choice.

 

 

Correct.

 

I am also sure that you recognise the stupidity of taking funds out of PSB's into a current account (losing only month's prize draw if you time it right) just to put the same money back again once the statement has been produced. I really don't like doing things that are unnecessary and pointless.