Finances for PLAB 2 Visa


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Finances for PLAB 2 Visa

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I’m sure you have enough money to cover the cost of your PLAB 2 trip. However, you need to convince the ECO of this.

The more money you have, the better, provided you can prove, that you have legally earned it or that you legally own it. In case somebody is sponsoring you, you have to prove that they have legally earned it or that they legally own it.

Bank Statement

It is ideal to attach a bank statement for the last six months. There’s no rule that says you have to attach it for the last six months. There are examples of people who attached statements for three months and still got their visas. But it is ideal to attach it for six months.

Bank Balance

This is directly related to your cost of trip. Ideally, your cost of trip should be 10 to 20 percent (maximum 33 percent) of your bank balance.

Explain Opening Bank Balance

You have to explain your bank balance at the beginning of your bank statement. You have to show documentary evidence to prove that you own this money legally.

Explain Transactions

You must explain all incoming and outgoing transactions in your account in proper detail. You need to show that any money that you deposit in your account was legally earned. They also want to know that any money that you take out of your account was spent for legal reasons. Explaining your salary might be easy. But you must also explain all other transactions in your bank balance. The ECO wants to know that you’re not involved in any financial corruption or any other illegal activity. They also want to know if your balance matches up with your story.

Financial Sponsor

To make your case stronger, it’s best to have a financial sponsor. It doesn’t matter how much money you have in your own account, it’s always wise to have a financial sponsor. It’s best if the person sponsoring you is your parent or your sibling. Your uncle or aunt can also sponsor you.

So you have three options:

i) Finance this trip yourself

ii) Allow someone else to finance this trip for you

iii) Have enough money in your own account and allow someone else to financially back you up as well

Conclusion

Keep a healthy bank balance. Explain all transactions. Have a decent amount of money in your own bank account. But have someone else financially back you up, just to be on the safe side.