As most of you will have heard, on 2 October 2012, UKBA published a list of Bangladeshi financial institutions from which it would not (not) accept financial statements in support of Points Based System (PBS) visa applications. This list was subsequently withdrawn on 16 October 2012. On that date, UKBA announced that it would publish a new list in the near future.
On 19 November 2012, UKBA announced the introduction of this new list. To read the announcement, which has also been copied/pasted below for your convenience, please click here.
UKBA announcement of 19 November 2012:
19 November 2012
The UK Border Agency in Bangladesh has published a list of financial institutions from which it will no longer accept documentation in support of visa applications made under the points-based system (PBS). The UK Border Agency intends to lay changes to the Immigration Rules that will bring the lists into effect for all PBS visa applications submitted from 13 December 2012.
Visa applicants will need to submit evidence from a financial institution that is not listed as being 1 from which the UK Border Agency will not accept documents. Visa applications will be refused if they rely on information from an institution which is listed as 1 from which evidence will not be accepted.
To find out which financial institutions are on this list, see the List of financial institutions that do not satisfactorily verify financial statements page.
Acceptable and “unacceptable” financial institutions in Bangladesh for the purposes of PBS visa applications
UKBA has published two lists. One lists banks from which it will (will) accept fiancial statements and one lists banks from which it will not (not) accept statments. The latter is effective from 13 December 2012, which means that any bank statements or other financial statements from banks appearing on this list will not be accepted as evidence of funds in support of PBS visa applications from that date.
List of accepted institutions
UKBA will (will) accept financial statements in support of pointsbased
system applications from the institutions in Bangladesh listed below:
AB Bank Limited
BRAC Bank Ltd
Commercial Bank of Ceylon Ltd
Eastern Bank Limited
First Security Islami Bank Ltd
Hong Kong and Shanghai Banking Corporation Ltd
Mutual trust Bank Ltd
National Credit and Commerce Bank Ltd
One Bank Ltd
Shahjalal Islami Bank Ltd
Southeast Bank Ltd
Standard Chartered Bank
State Bank of India
List of Banks from which UKBA will not (not) accept statements from 13 December 2012:
UKBA will not (not) accept financial statements in support of points-based system
applications from the institutions in Bangladesh listed below:
Agrani Bank Limited
Al-Arafah Islami Bank Limited
Bangladesh Commerce Bank Limited
Bangladesh Development Bank Ltd
Bangladesh Krishi Bank
Bangladesh Small Industries and Commerce (BASIC) Bank Limited
Bank Alfalah Limited
Bank Asia Limited
Dhaka Bank Limited
Dutch Bangla Bank Limited
Export Import Bank of Bangladesh Limited
Habib Bank Limited
International Finance Investment and Commerce Bank Limited
Islami Bank Bangladesh Limited
Jamuna Bank Limited
Janata Bank Limited
Mercantile Bank Limited
National Bank Limited
National Bank of Pakistan
Prime Bank Limited
Rupali Bank Limited
Social Islami Bank Limited
Sonali Bank Limited
Standard Bank Limited
The City Bank Limited
ICB Islamic Bank Limited
The Premier Bank Limited
Trust Bank Limited
United Commercial Bank Limited
Uttara Bank Limited
In June 2011, the UK Border Agency announced that it would publish lists of financial institutions which it considers, on the basis of experience, do, or do not, verify financial statements to its satisfaction. These lists are gradually being introduced for different countries. There are currently lists in place for Cameroon, Ghana, India, Iran, Pakistan, and the Philippines and now, from 13 December 2012, also for Bangladesh.
For which purposes does UKBA use these lists?
The lists of financial institutions are used when verifying maintenance funds for applications made under Tiers 1, 2, 4 and 5 of the points based system. Tier 1 visa applications are for highly skilled migrants, entrepreneurs, investors and people of exceptional talent; Tier 2 is for skilled migrants; Tier 4 is for students and Tier 5 is for temporary workers. An applicant will receive no points for maintenance if they submit documents showing that the funds are held in a financial institution that is on the list of financial institutions from which it does not accept statements. UKBA states that the lists will be kept under review, and amended as necessary so please check the UKBA website for updates before you submit your application.