This relates to UK Student Visa Financial Requirements in 2023. If you’re an international student planning to pursue your studies in the United Kingdom, you’ll need to secure a UK student visa. One of the most important requirements for obtaining this visa is demonstrating that you meet the financial requirements set by the UK government. This means that you must be able to prove that you have sufficient funds to support yourself during your stay in the UK, without requiring any public funds. Commonly known as ‘show money’, ‘bank balance’ or ‘bank account’, these funds must be sufficient to cover tuition fees, accommodation, living expenses, and other associated costs.
Table of Contents

1. Bank Balance for UK Student Visa
Minimum Bank Balance for UK Student Visa
Applying for a UK student visa involves various financial requirements that must be met. Having a sufficient amount of money to cover your tuition fees, accommodation, living expenses, and other associated costs is crucial. This often means demonstrating a certain amount in your bank account, which is commonly referred to as ‘show money’ or a ‘bank balance’. However, the exact amount can vary based on your chosen course’s tuition fees, the duration of your course, and your educational institution’s location.
How much bank balance is required for UK student visa?
To qualify for a UK student visa, you typically need to show evidence of maintaining a certain amount in your bank account for at least 28 days prior to your visa application. If you plan to study in London, you must demonstrate a minimum balance of £12,006, based on the UK government’s requirement of £1,334 per month for a 9-month academic year. Conversely, if studying outside London, you must display a balance of £9,207, reflecting a monthly requirement of £1,023.
For example, suppose your tuition fee is £10,000, and you’ve already paid £5,000 while studying in London. In that case, you must have at least £17,006 in your bank account—£5,000 for the remaining tuition fee and £12,006 for nine months of living costs. For educational institutions outside London, this amount is £14,207. Remember, any deposit paid to your student sponsor for accommodation can be offset against the required funds, up to £1,334.
UK Student Visa Financial Evidence
Besides bank statements, official financial sponsorship or scholarship letters can also prove your financial capacity. If you are receiving financial support from a government or organization, you need to provide a letter confirming the sponsorship amount. Likewise, a scholarship letter is required if it covers your tuition fees and living expenses.
The Significance of Bank Statement for UK Student Visa
Bank statements are critical in your UK student visa application as they prove that you have maintained the necessary funds for 28 consecutive days. However, exceptions exist for those receiving financial assistance from sources such as student loans, government awards, or educational sponsors. Still, the 28-day period must end no later than 31 days before your visa application date.
Exceptions to Show Money for UK Student Visa
Certain categories of applicants automatically meet the UK student visa financial requirements. These include individuals who have been in the UK for at least 12 months with valid permission and are seeking to stay, Student Union Sabbatical Officers, and those studying on a recognized foundation program as a postgraduate doctor or dentist in training.
The differentiation arrangements also provide some leniency. If you qualify under these arrangements, you are generally exempted from providing evidence of meeting the financial requirements. However, the required level of funds should still be maintained in your bank account as the UKVI may request evidence at any time.
Wrapping-up: UK Student Visa Financial Requirements
In summary, understanding the financial requirements for a UK student visa is a pivotal step in the application process. You must ensure that you have sufficient money in your bank account or through other approved means to cover your tuition fees and living expenses. By demonstrating your financial capacity, you can significantly improve your chances of obtaining a UK student visa and achieving your academic goals in the UK. Remember, being well-informed and adequately prepared can make a notable difference in your application’s success. Always seek guidance if necessary.
For further details please refer to Appendix Student.
Get Expert Guidance for All Types of UK Visa and Immigration Applications, Reapplications, Refusals, and Appeals.

2. Tuition Fee
Course Fee Requirements and University in UK with Low Tuition Deposit
Prospective students need to demonstrate financial capability for their course’s tuition fee. For example, if you are considering the University of Bolton, be prepared for a tuition fee deposit of around £2,000. University of Sussex, on the other hand, typically requires a £1,500 deposit.
For international students residing in the UK for 12 months or more, demonstrating financial capability for tuition is generally not required. However, all students must settle their tuition fees with their educational institution.
The Role of CAS in Tuition Fees
The Confirmation of Acceptance for Studies (CAS) provides details on tuition fees. If you’re aiming for Salford University, ensure your CAS matches with their tuition fees payment structure, which may range from £10,000 to £15,000 per academic year depending on the course.
Evidence of Tuition Fee Payment
If you have paid towards your tuition fees, this will be noted in the CAS. For instance, University of Birmingham tuition fees usually range from £9,250 for UK students to £18,000 for international students. If you’ve made an advance payment, it should be reflected in your CAS.
Finding a University in the UK with Low Tuition Deposits
The tuition deposit is a critical factor for budget-conscious students. Birkbeck University, for instance, requires a more affordable tuition deposit of £1,000. Selkirk College tuition deposits are also on the lower end, typically around £500.
Universities with Low Tuition Deposits and Their Deposit Amounts
- University of Sunderland: Requires a low deposit of £500.
- Teesside University: £1,000 deposit, with scholarship opportunities.
- Staffordshire University: Deposit generally around £1,000.
- Selkirk College: Tuition deposit is £500.
Factors Influencing Tuition Deposits
Factors such as program popularity and scholarship availability can influence tuition deposits. For instance, a high-demand course at the University of Sussex may have a deposit of £2,000, compared to less popular courses requiring £1,500.
Considerations for International Students
Proof of tuition fee deposit payment is often required for a UK student visa. Always consider this aspect when budgeting and selecting a university. For the most accurate and current information, consult each university’s admission guidelines or speak directly to the admissions office.
3. UK Student Visa Living Expenses
Minimum Living Expenses in UK for International Students
To secure a UK student visa, you’ll need to demonstrate that you have enough funds to cover living expenses. The exact amount varies depending on various factors, such as whether you’ll be a boarding student, your location in the UK, or if you’re under the Doctorate Extension Scheme.
For partial months, round up to the next full month. For example, for a course of 6 months and 25 days, plan for 7 months’ worth of expenses.
Maintenance Funds Deductions
If you’ve paid an accommodation deposit to your sponsoring institution, you can deduct up to £1,334 from the required maintenance funds. This is applicable only if the provision is stated in your CAS.
How Much Maintenance Funds for UK Student Visa?
Students at independent schools must show proof of adequate funds for one academic year. For non-residential students in London, the requirement is £1,334 per month up to 9 months (£12,006 total). For those outside London, it’s £1,023 per month, totaling £9,207.
Financial Requirements for Boarding Students
Boarding students should prove they can cover school and boarding fees for an academic year. This information is usually detailed in the CAS, including any payments made toward these fees.
Studying in London: Financial Requirements
Studying in London demands higher living costs than other regions. Independent students also need access to more funds than those in boarding schools.
Cost of Living in London for International Students
Students in London must prove they have £1,334 per month, totaling £12,006 for up to 9 months. This applies if you study in the City of London or any of the 32 boroughs in the Greater London Area.
Outer London Living Expenses for Student Visa UK
For students outside London, the monthly living cost requirement is £1,023, totaling £9,207 for up to 9 months.
You can use the Royal Mail Postcode Finder to determine your institution’s location.
4. Proof of Funds for UK Student Visa
Financial Documents Required for UK Student Visa
To meet the UK student visa requirements, applicants are obligated to submit specific financial documents. These may include bank statements, student loan confirmations, or proof of an official financial sponsorship.
Acceptable Proof of Funds for UK Student Visa
Applicants have several options for demonstrating their financial eligibility. Acceptable forms of proof include bank statements, student loans, official sponsorships, and evidence of parental financial support.
28 Day Rule UK Visa
Applicants are required to maintain a certain level of funds in their bank account for an uninterrupted 28-day period. This 28-day duration should conclude within 31 days before the submission of the visa application.
How to Count 28 Days Bank Statement?
For instance, if your visa application is set for September 30, 2023, your bank statement should show a consistent minimum balance of £10,000 from August 30 to September 26, 2023.
Can I Take Out Money from My Bank Account After a 28 Day Period for a Tier 4 Visa?
It is not advisable to withdraw money from your bank account after the 28-day period until your visa application has been fully processed and approved. The UK Visas and Immigration (UKVI) authorities may randomly verify account details during the application review. If the account balance does not meet the required criteria at that time, it could lead to complications in your visa application process.
Furthermore, upon your arrival in the UK, Immigration Officers at points of entry, such as Heathrow Airport, may also perform spot checks and verify your account details if there are any doubts about your financial stability. Therefore, it is crucial to maintain the required balance until you have successfully cleared all immigration checks.
Approved Bank Accounts for a UK Student Visa
Funds should be maintained in an accessible account, such as current, deposit, or savings accounts. Inaccessible funds from accounts like shares, bonds, or credit cards will not be considered as evidence of financial stability.
Acceptable Bank Statement for UK Student Visa
Your bank statement should be up-to-date, falling within 31 days of your visa application date. It needs to clearly display key information like your name, account number, and the stamp or logo of the financial institution.
Official Financial Sponsor UK Visa
Applicants can rely on sponsorship from recognized bodies like the British Council or their own national government. Ensure that your Confirmation of Acceptance for Studies (CAS) mentions the sponsorship or present a separate letter of confirmation from the sponsor.
Loan Letter for UK Student Visa
The loan letter should be recent, dated no more than six months before your application. It must confirm that the loan is student-specific, provided by a regulated institution, and that the funds will be accessible upon arrival in the UK.
By adhering to these guidelines, applicants can ensure that they meet the stringent financial requirements for securing a UK student visa.
5. IHS UK Student Visa
Immigration Health Surcharge Details
Applicants staying in the UK for six months or longer are obligated to pay an immigration health surcharge as a part of their visa application fee. This surcharge is £470 per year and is in addition to the visa application fee. If your visa duration includes a partial year, the charge is £235 for up to six months and £470 for more than six months. Family members on dependent visas must also pay this fee.
Benefits and Limitations of IHS UK Student Visa
Paying the immigration health surcharge provides access to the UK’s National Health Service (NHS), covering general, specialist, and emergency medical care. However, students may incur additional costs for dental, optical treatment, and prescribed medication. Some specialized treatments are also excluded.
Short-Term Study Courses and Healthcare
For visas granted for less than six months or for short-term study visits, acquiring medical insurance is advised. Some countries have reciprocal healthcare agreements with the UK, but it’s essential to confirm this with your country’s health authorities. European Economic Area (EEA) nationals should consider getting a European Health Insurance Card (EHIC).
Role of Private Healthcare Insurance
While not a substitute for the obligatory health surcharge, private healthcare insurance is an option for additional coverage. If you have existing coverage in your home country, check its applicability in the UK.
Immigration Health Surcharge Refund Policy
The health surcharge is refunded if your visa application is rejected. However, it’s non-refundable if you leave the UK before your visa expiry or if you don’t utilize NHS services.
IHS Applicability
This surcharge is applicable for visas granted for stays exceeding six months and for those extending their UK residency, regardless of the new visa duration. Factor this cost into your UK study budget.
IHS Refund for EU and Swiss Students
EU or Swiss nationals studying full-time in the UK and holding a valid EHIC might qualify for a full or partial surcharge refund.
6. Frequently Asked Questions
UK Student Visa Financial Requirements 2023: Key Points
What are the key UK Student Visa Financial requirements in 2023?
The key financial requirements for a UK student visa include having enough funds to cover tuition fees, accommodation, living costs, and other associated expenses. The specific amount required can vary based on your location, the cost of your tuition, and the duration of your course.
What is an Official Financial Sponsor for a UK Student Visa?
An official financial sponsor for a UK student visa is a recognized organization or entity that agrees to financially support the student during their course of study in the UK. Official sponsors can include government bodies, international organizations, or educational institutions. The sponsorship usually covers tuition fees, living expenses, or both.
What does the term ‘show money’ mean in the context of a UK student visa?
‘Show money’ refers to the specific amount of money you need to have in your bank account when applying for a UK student visa. This balance serves as evidence of your financial capability to support your stay in the UK, including covering tuition fees and living expenses.
What is Third Party Declaration in UK Visa?
A third-party declaration in a UK visa is a formal document that confirms another person or entity will financially support the visa applicant during their stay in the UK. This declaration is usually used when the applicant is unable to show sufficient personal funds. The third party, often a family member or official sponsor, must provide evidence that they possess the necessary funds and are willing to support the applicant.
What is a Cash Letter in UK?
A cash letter in the UK refers to an official document issued by a bank to confirm the deposit of a lump sum of money. This document can be used in various financial or legal proceedings, such as visa applications, to demonstrate an individual’s financial stability.
How long should the required funds be in my bank account before applying for a UK student visa?
The funds should be in your bank account for at least 28 consecutive days before submitting your visa application.
What is the 28 Day Rule UK Visa?
The 28-day rule stipulates that applicants for a UK student visa must maintain a specific minimum balance in their bank account for an uninterrupted period of 28 days. This 28-day duration should conclude within 31 days before the submission of the visa application. Failure to meet this requirement could lead to the rejection of the visa application.
Can I provide proof of funds in the form of scholarships or official financial sponsorships?
Yes, proof of funds can also be demonstrated through official financial sponsorship or a scholarship letter. You need to provide a letter from the sponsor or scholarship provider confirming the details.
Can Fixed Deposit be Used for UK Student Visa?
Fixed deposits can be used as proof of funds for a UK student visa, provided they are easily accessible and can be withdrawn without penalties. The applicant must show that these funds have been maintained for the required 28-day period prior to the visa application.
Who Can Show Funds for Student Visa?
Funds for a UK student visa can be shown by the applicant, a parent or guardian, or an official financial sponsor. The source of these funds must be verifiable, and the necessary bank statements or financial documents must be provided to meet the UK immigration requirements.
Are there any exceptions to the ‘show money’ rule?
Yes, certain categories of applicants, such as those who have been in the UK for at least 12 months with valid permission on the application date, Student Union Sabbatical Officers, and those studying on a recognized foundation program as a postgraduate doctor or dentist in training, automatically meet the financial requirements and are awarded 10 points.
What are the ‘differentiation arrangements’ in the UK student visa process?
The differentiation arrangements can exempt qualified applicants from providing financial evidence, although the UKVI may request it later.
How is the cost of living calculated for students planning to study in London vs. outside of London?
If you plan to study in London, you need to show a minimum bank balance of £12,006, based on the UK government’s minimum living cost requirement of £1,334 per month for a 9-month academic year. If studying outside of London, the required bank balance is £9,207, based on a minimum living cost requirement of £1,023 per month for a 9-month academic year.