How to explain source of funds for UK visa application

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

Best Answer

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.

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Quick Answer about "How to explain source of funds for UK visa application"

Your name.

The name and contact details of your official financial sponsor.

The date of the letter.

The length of your financial sponsorship.

The amount of money the sponsor is giving you or a statement confirming that they will cover all of your fees and living costs.

How do you show funds in the UK?

In order to display exact financial proof, each applicant can do so by means of showing: Bank letter, under you and/or your parents' name. Bank account statement, under you and/or your parent(s)' name. Financial Sponsorship from an international organization approved by UKVI.

How do I prove sufficient funds for visa?

How do I prove that I have enough money to travel? It's simple: Get a bank certificate or bank statement or both. A bank certificate is usually a one-page document that certifies that you have an account with that branch. Often, the latest available balance is indicated.

What is sufficient funds for UK visa?

You must have at least \xa34,000 in your savings. Anything less than that can raise questions and lead to visa refusal. Again, UK Visas and Immigration does not specify what is acceptable in terms of funds.

How much money do I need to show in my bank account for UK study visa?

You'll need to show you have enough money to support yourself - unless you've been in the UK with a valid visa for at least 12 months on the date of your application. How much money you need depends on where you will be studying. You'll need either: \xa31,334 per month (for up to 9 months) for courses in London.

How to build proof of funds for UK Tier 4 Visa application | Avoid these mistakes | Study in the UK

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