Use our free Proof of Funds calculator or Maintenance funds calculator below for UK Student Visa to see how much money in your bank or any other accepted financial statement you need to show the UKVI before you can get Visa. How to calculate proof of funds for UK student and dependant visa for free.
Proof of Financial Support calculator (Maintenance funds) for UK student visa.
Convert Money to your Local currency rate
UKVI officially use only Oanda spot exchange rates as stated in their website to convert other currencies to Pound Sterling and vice versa. Please use the Oanda widget above to convert your Total Maintenance Funds (got above) to your local currency. The rates varies with time so always come back to check the latest rates.
Financial document accepted by UKVI for evidence of Maintenance Funds:
- bank statements
- building society passbooks
- certificates of deposit
- a letter from your bank or building society
What is Maintenance funds for UK Visa
Maintenance funds for a UK visa refer to the financial requirements that an individual must meet to demonstrate their ability to support themselves during their stay in the UK. These funds are intended to cover living expenses, including accommodation, food, transportation, and other essential costs.
The specific amount of maintenance funds required varies depending on the type of visa and the length of stay in the UK. The UK government sets these financial thresholds to ensure that individuals have sufficient funds to support themselves without relying on public funds.
- If studying in London: £1,334 per month for living costs, for up to nine months (for courses lasting nine months or more).
- If studying outside London: £1,023 per month for living costs, for up to nine months (for courses lasting nine months or more).
All of these figures is already factored into our calculator above.
Countries that do not need to show their Proof of Funds or Financial evidence:
You are not required to show your financial evidence or Proof of funds if you are a citizen of any of the countries listed below:
- Australia
- Austria
- Bahrain
- Barbados
- Belgium
- Botswana
- Brazil
- Brunei
- Bulgaria
- Cambodia
- Canada
- Chile
- China
- Croatia
- Republic of Cyprus
- Czech Republic
- Denmark
- The Dominican Republic
- Estonia
- Finland
- France
- Germany
- Greece
- Hungary
- Iceland
- Indonesia
- Ireland
- Italy
- Japan
- Kazakhstan
- Kuwait
- Latvia
- Liechtenstein
- Lithuania
- Luxembourg
- Malaysia
- Malta
- Mauritius
- Mexico
- Netherlands
- New Zealand
- Norway
- Oman
- Peru
- Poland
- Portugal
- Qatar
- Romania
- Serbia
- Singapore
- Slovakia
- Slovenia
- South Korea
- Spain
- Sweden
- Switzerland
- Thailand
- Tunisia
- United Arab Emirates
- United States of America
Advice on who can count as your Dependant
UKVI specifies who you can add as your dependent and they are:
- your husband, wife or civil partner
- your unmarried partner
- your child under 18 years old – including if they were born in the UK during your stay
Note that you will need to provide certificates of marriage and Birth certificates to prove your relationship with your dependant. Other evidence may be needed to prove your relationship with your unmarried partner.
In conclusion, this is how to calculate proof of funds for UK student and visa
Reference: UKVI
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