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UKVI Approved Bank in Bangladesh -Financial Requirements '24
A UK visa is
highly recommended for any Bangladeshi national planning to study in the UK. Proof of financial support
for staying in the United Kingdom is a prerequisite for obtaining a visa to enter that country. To meet this
condition, you must prove that you are financially stable, like bank statements.
Nevertheless, not all Bangladeshi banks are recognised by
UK Visas and Immigration
(UKVI). Because of this, selecting
a reliable bank to employ for your visa application may prove difficult. Applicants from Bangladesh will be relieved
to learn that a number of banks that are recognised by the UK Visas and Immigration Service can be used to submit
evidence of sufficient funds.
The UK Visas
and Immigration Service has determined that these financial institutions are reliable enough to
recommend. This blog will be a thorough resource for learning about the UK financial institutions in Bangladesh
recognised by the UK Visas and Immigration Service.
Here is a guide
to navigating the extensive planning, applications, and documentation required, from collecting
transcripts to submitting letters of recommendation and application forms; the process continues with financial
documentation, an essential component for securing your UK student visa.
Importance of UKVI approved bank in
Bangladesh for UK
UKVI approved bank in Bangladesh are important for
UK visa applications
because they provide a way for applicants to
demonstrate that they have sufficient funds to cover their trip to the UK. When applying for a UK visa, applicants
must provide evidence of their financial means. One way to do this is by providing bank statements or other
financial documents from a UKVI-approved bank.
The UKVI
approved banks in Bangladesh have been authorised by the UK Visa and Immigration (UKVI) department to
verify financial statements and provide documentation that meets the UKVI’s requirements. This means that the
bank
statements provided by these approved banks are more likely to be accepted by the UKVI, reducing the risk of
visa
applications being rejected due to insufficient financial evidence.
In addition,
using a UKVI approved bank in Bangladesh can also help streamline the visa application process.
Applicants can typically obtain the required documentation more quickly and efficiently through an approved
bank, as
the bank is familiar with the UKVI’s requirements and procedures.
What are UKVI-approved banks?
Bangladeshi
students and their parents need to know about the most up-to-date list of approved banks for higher
education in the UK. This is necessary as they need to deposit their funds in these banks to provide bank
statements for
their children who intend to study abroad. To study in the UK, international students from Bangladesh must
demonstrate a
minimum of BDT 26 to 30 lac.
This
requirement is mandatory for studying in the United Kingdom. The UK government has authorised all Bangladeshi
financial institutions for UK visa applications per the latest regulations. The following is a list of
previously
approved financial institutions in Bangladesh for UK visa applications-
All Bank Name
Bank Details
Type: Public Limited Company
Industry: Banking
Founded: April 2, 1982, in Dhaka, Bangladesh
Headquarters: Dhaka, Bangladesh
Products: Consumer Banking, Corporate Banking
Website: abbl.com
Bank Details
Type: Public Company
Industry: Banking
Founded: June 21, 1997; 24 years ago
Headquarters: Karachi, Pakistan
Area served: Worldwide
Products: Loans, Credit cards, Savings, and
Consumer Banking
Website: www.bankalfalah.com
Bank Details
Type: Public Limited
Industry: Financial Services, Banking
Founded: 4 July 2001
Headquarters: Anik Tower, 220/B Tejgaon Gulshan
Link Road, Tejgaon, Dhaka-1208
Website: bracbank.com/en/
Bank Details
Type: Subsidiary of Citigroup
Industry: Financial Services
Founded: June 16, 1812; (as City Bank of New
York)
Headquarters: New York.
Products: Credit cards, Mortgages, Personal
loans, Commercial banking, Lines of credit
Website: citi.com
Bank Details
Type: Public
Industry: Financial
Founded: June 25, 1969; 52 years ago
Headquarters: Colombo, Sri Lanka
Number of locations: 268 branches
Area served: Sri Lanka, Bangladesh, Maldives,
Myanmar, and Italy
Importance of using UKVI-approved banks for
credibility and ease of
processing
UKVI (UK Visas
and Immigration) is a division of the UK government responsible for managing immigration applications to
the UK.
The ability to
prove financial support for staying in the UK is a requisite for obtaining a visa to enter that nation.
Applicants can satisfy this condition by submitting a bank statement from a financial institution recognised by
UKVI. Using a UKVI-approved bank in Bangladesh is important for credibility because it ensures that the financial
information
provided by the applicant is reliable and accurate. UKVI-approved banks are financial institutions approved by
the UK
government to provide financial services to individuals applying for a UK visa.
These banks
must meet specific standards and regulations set by the UK government to ensure the integrity and
reliability of their services.If an applicant submits a bank statement from a non-UKVI-approved bank, UKVI may
not
consider the information credible and may reject the application for a UK student visa. This could delay or even
prevent
the applicant from entering the UK. Using a UKVI-approved bank in Bangladesh, on the other hand, increases the
chances
of a successful visa application and ensures that the applicant meets the financial requirements for their stay
in the
UK.
Using a
UKVI-approved bank in Bangladesh is important for credibility because it ensures that the financial information
provided by the applicant is reliable and meets the standards set by the UK government. Applicants should always
check
the list of approved banks before submitting their UK student visa application to avoid any delays or
rejections.
A step-by-step guide to opening a
UKVI-approved bank account in
Bangladesh
To open a
UKVI-approved bank account in
Bangladesh, you can follow these
steps: 1. Choose
a UKVI-approved bank in Bangladesh: You
can check the list of UKVI-approved banks in Bangladesh from the
UK government’s website
or the British High Commission’s website. 2. Gather
your documents: You must provide some documents to open a bank account in Bangladesh. Gather the
following documents:
Your valid passport
Bangladesh national ID card
Proof of permanent and present address (utility bills, rental
agreement, etc.)
Proof of your income source (salary certificate, tax return
documents, etc.)
3. Visit the bank: Once you have chosen the bank and gathered the
necessary original documents, visit the bank’s branch
in person. 4. Fill out the application form: The bank will provide you with an
application form you must fill out. Provide
accurate information and make sure to sign the form. 5. Provide your documents: Submit your original documents and the
application form to the bank. 6. Wait for the bank’s approval: After submitting your application and
documents, the bank will review and verify your
documents. This may take a few days. 7. Receive your account details: If your application is approved, the
bank will provide your account details, including
your account number, sort code, and other relevant information. 8. Activate your account: You must make a first deposit into your
account before you can begin using it. Your bank will
tell you how much money you need to open an account. 9. Register with UKVI: Once you have opened your bank account, you need
to register with UKVI by providing them with your account details.
You can open a
bank account in Bangladesh recognised by UKVI if you follow these instructions.
Final thoughts and advice for prospective
students or visitors to the UK from Bangladesh
Prospective students or visitors from Bangladesh who are planning to study in the UK: 1. Be aware of the cultural differences: The UK has a different culture than Bangladesh, and
it’s essential to be aware of these differences before you arrive. This can help you avoid misunderstandings and
make your transition smoother.
2. Prepare for the weather: The UK is known for its unpredictable weather, so pack
appropriate clothing for all seasons. It’s also a good idea to check the weather forecast regularly.
3. Get familiar with the transportation system: The transportation system in the UK is
efficient, but it can be confusing for first-time visitors. It’s a good idea to do some research before you arrive
and familiarise yourself with the various modes of transportation available.
4. Budget accordingly: The UK can be an expensive place to live and study, so make sure to
budget accordingly. Look for student discounts and deals, and consider cooking your meals instead of eating out to
save money. 5. Connect with other Bangladeshis: There is a large Bangladeshi community in the UK, so try
to connect with other Bangladeshis in your area. The UK can be an excellent place to study and visit, but it’s essential to be prepared and
informed before you arrive.
Good luck with your journey!
- Frequently Asked Questions (FAQs)
What is the UKVI?
UKVI stands for
UK Visas and Immigration. It is a UK government department responsible for managing immigration to the United
Kingdom.
What are UKVI-approved banks?
UKVI-approved
banks are financial institutions authorised by UKVI to provide financial evidence for UK visa applications.
These banks must meet certain criteria and provide specific documentation to demonstrate their eligibility for
approval.
Which banks in Bangladesh are UKVI-approved?
As of my
knowledge cutoff in September 2021, the following banks in Bangladesh were UKVI approved:
Standard Chartered Bank
HSBC Bank
City Bank
Eastern Bank Limited
Dutch-Bangla Bank Limited
BRAC Bank
Mutual Trust Bank
Do I need to provide financial evidence for
a UK visa application?
Yes, most UK
visa applications require you to provide evidence of your financial situation. This can include bank statements,
pay slips, and other documents to show that you have enough money to support yourself during your stay in the
UK.
Can I use a bank account from a
non-UKVI-approved bank for my visa application?
No, UKVI
requires that you use a bank account from one of their approved banks for your visa application. This is to
ensure that the financial evidence you provide is genuine and can be verified by UKVI.
Does UKVI verify bank statements?
You can let
people download their bank statements if this information is included. These can be used without getting a bank
stamp. We may contact your bank to confirm your payment. It’s possible that your application could be denied if
we have trouble confirming the funds.
What documents do I need to provide from my
UKVI-approved bank?
You will
typically need to provide bank statements from your UKVI-approved bank showing your financial situation over a
certain period and any other documents required by your specific visa category.
How long does it take to get a UK visa using
financial evidence from a UKVI-approved bank?
The processing time for UK visa applications can vary depending on
various factors, including your specific visa category, the time of year, and the volume of applications being
processed. However, providing genuine financial evidence from a UKVI-approved bank can help speed up the processing
of your application.