British Expats - Cash Savings route for spousal visa

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- - Cash Savings route for spousal visa (https://britishexpats.com/forum/citizenship-passports-spouse-family-visas-uk-196/cash-savings-route-spousal-visa-914809/)

NativeFirst

Jul 11th 2018 9:08 am

Cash Savings route for spousal visa

Does the £62,500 have to be in a cash (on demand) account? Can it be a fixed deposit?

Also, does one have to prove the source of funds?

spouse of scouse

Jul 11th 2018 9:44 am

Re: Cash Savings route for spousal visa

Quote:

Originally Posted by NativeFirst (Post 12530874)

Does the £62,500 have to be in a cash (on demand) account? Can it be a fixed deposit?

Also, does one have to prove the source of funds?

If your fixed deposit account is cash and allows you to withdraw the funds on demand (ie immediately), with or without a penalty, then it's ok.

You'll need to state the source of funds (eg savings from employment etc)

NativeFirst

Jul 11th 2018 10:03 am

Re: Cash Savings route for spousal visa

Thanks, spouse of scouse.

spouse of scouse

Jul 11th 2018 10:06 am

Re: Cash Savings route for spousal visa

Quote:

Originally Posted by NativeFirst (Post 12530910)

Thanks, spouse of scouse.

You're most welcome.

michali

Jul 11th 2018 3:52 pm

Re: Cash Savings route for spousal visa

Ours was fixed deposit for our first visa and we asked the bank to write a letter to confirm that the funds could be withdrawn immediately with penalty. Sometimes 'fixed deposit' would suggest that notice has to be given before withdrawing and we did not want there to be any doubt!

NativeFirst

Jul 12th 2018 1:18 am

Re: Cash Savings route for spousal visa

Thanks, michali. Yes, that's exactly what I was worried about.

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