Visa Help

Proof of Funds (maintenance) calculator for UK Student Visa

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

Currency Converter by OANDA

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:

  1.    Australia
  2.     Austria
  3.     Bahrain
  4.     Barbados
  5.     Belgium
  6.     Botswana
  7.     Brazil
  8.     Brunei
  9.     Bulgaria
  10.     Cambodia
  11.     Canada
  12.     Chile
  13.     China
  14.     Croatia
  15.     Republic of Cyprus
  16.     Czech Republic
  17.     Denmark
  18.     The Dominican Republic
  19.     Estonia
  20.     Finland
  21.     France
  22.     Germany
  23.     Greece
  24.     Hungary
  25.     Iceland
  26.     Indonesia
  27.     Ireland
  28.     Italy
  29.     Japan
  30.     Kazakhstan
  31.     Kuwait
  32.     Latvia
  33.     Liechtenstein
  34.     Lithuania
  35.     Luxembourg
  36.     Malaysia
  37.     Malta
  38.     Mauritius
  39.     Mexico
  40.     Netherlands
  41.     New Zealand
  42.     Norway
  43.     Oman
  44.     Peru
  45.     Poland
  46.     Portugal
  47.     Qatar
  48.     Romania
  49.     Serbia
  50.     Singapore
  51.     Slovakia
  52.     Slovenia
  53.     South Korea
  54.     Spain
  55.     Sweden
  56.     Switzerland
  57.     Thailand
  58.     Tunisia
  59.     United Arab Emirates
  60.     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

Click here to ask a question and get an answer published in the forum. Read our disclaimer.

Get paid for every topic you create in: Forum!MAKE-MONEY

Discover more from StopLearn

Subscribe now to keep reading and get access to the full archive.

Continue reading