Bank Status letter

This is a discussion on Bank Status letter within the General Discussions forums, part of the Community Boards category; Hi All, Just a have quick question. Has anyone here had requested any sort of bank status letter in the ...

  1. #1
    Registered User ssharish2005's Avatar
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    Bank Status letter

    Hi All,

    Just a have quick question. Has anyone here had requested any sort of bank status letter in the past. What I understand is that, when i request for status letter of my bank, the bank would ask details of the third part (in my university) who requires the status letter.

    I wonder what sort of information would the university request in the status letters. I just wanted to know if anymore here has had a experience of producing a status letters from bank prioir to getting an admission?

    Would it be good idea to have good balance in my account before requesting for a status letter?

    Thanks all

    ssharish
    Life is like riding a bicycle. To keep your balance you must keep moving - Einstein

  2. #2
    Epy
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    What is a status letter?

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    Registered User ssharish2005's Avatar
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    I believe it a letter provided by your bank as to validation on your current financial situation. And that what I think. I've had one before, but apparently you can request for one for a charge from your bank. I'm in the process of getting my admission for my post-graduation and the university has requested for Bank status letter. And I just wanted to find out would it be good idea to have good balance before asking for one.

    ssharish
    Life is like riding a bicycle. To keep your balance you must keep moving - Einstein

  4. #4
    msh
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    I've never been in a situation where a university ask for a status letter from a bank. I have, however, had a situation where the bank requested a letter from my employer that would state my average earning over some period of time, usually 3 or 6 months. This was when I was taking out a loan.

    You should inquire with your bank. Find out what information they'll put on the letter. If they're going to put your current balance on it, which I very much doubt, it would make you look better if it was at least not negative. :)
    Disclaimer: This post shows my ignorance at the time of its making. I claim ownership of but not responsibility for all errors in it. Reference at your own peril.

  5. #5
    Devil's Advocate SlyMaelstrom's Avatar
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    Are you applying for any kind of grants or loans? Typically financial status will factor into those things.

    Beyond that, I don't know anything about how it works out there in the UK. Perhaps you should discuss it with the registrar over a cup of tea or something?
    Sent from my iPadŽ

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