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Finance requirements

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UK Visas and Immigration (UKVI) requires you to show that you have enough money to cover your course fees and living costs. This is a crucial part of your visa application process. If you do not provide adequate evidence that you meet the finance requirements your visa application may be refused.

This page is only a summary of the guidance provided by UKVI. It is essential that you also read and understand the full guidance (starting from page 44).

UKVI Tier 4 policy guidance

Calculating the funds you need

You must prove to UKVI that, for at least 28 consecutive days before you apply, you have had enough money available to you to cover:


  • Maintenance funds of £1,265 per month for the first nine months of your course (£11,385).

As well as ensuring you meet these requirements you should also ensure you have enough funds to cover:

  • The visa application fee, which varies depending on where and how you are applying.
  • The Immigration Health Surcharge (IHS), which since December 2018 is £300 for each 12 month period of leave granted. You can use the UKVI calculator to work out how much IHS you need to pay.

Acceptable types of funding

The following are acceptable types of funding:

  • Cash funds in a bank account in your name.
  • Cash funds in a bank account in your parent(s)’ or legal guardian(s)’ name.
  • Official financial sponsorship, such as an RCM Scholarship or Government sponsorship. Please check the Tier 4 Guidance to ensure your sponsor meets UKVI's definition.
  • Loan from an official educational loan scheme, such as US Stafford Loans.
  • Money already paid to the RCM for tuition fees.

The money must be for your use, specifically for living and studying in the UK and must continue to be available to you after you have applied for your visa.

The following are not acceptable types of funding:

  • Money in the name of a friend, a private donor or a family member who is not a parent.
  • Money in a family business account.
  • Shares, bonds or pension funds.
  • Credit cards.

Proving your funding

You must be able to prove the funds you have available, even if you are a low risk national.

The majority of students use a bank statement or bank letter to prove their funds. This must:

  • Show your name or your parent(s)’ name.
  • Show the date of the statement or letter (this must be no more than 31 days before the date of application).
  • Be on original official headed paper with the financial institution’s name and logo (electronic statements are only acceptable if they are stamped by your bank on every page or accompanied by an original letter of authenticity from your bank).
  • show the required amount of money has been available for a consecutive period of at least 28 days and is still available (the balance must not have dropped below the required amount by even 1p for 1 hour).

If you are using a parent’s bank statement you must also enclose:

  • A document to prove your relationship, such as a birth certificate.


  • A signed letter from your parents confirming their relationship with you and that they give you consent to use the money.

If you are using funds from an official sponsor or loan you do not have to have held the funds for 28 days before applying, but there are particular requirements about the acceptable format of the letter. Please ensure you check the Tier 4 policy guidance.

UKVI Tier 4 policy guidance

You can use more than one type of evidence or more than one bank account if needed. However, you should be very careful to ensure they all add up to the required amount and that the funds have been available to you for the required period of time.

If you are unsure whether your proof of finance is acceptable you should contact our International team. Please do not take a risk by guessing.

Money already paid to the RCM

Most students will not yet have paid any tuition fees to the RCM at the time they apply for their visa. If you wish to do so, please contact our Finance team.

The staff who process CAS numbers do not have access to RCM payment records, so you must tell us on your CAS request form if you have already made any tuition fee payments. This information will be shown on your CAS. If you make a payment after your CAS has been issued, you must contact our International team so we can update your CAS record.

Accommodation payments

Please note that the RCM's student residence, Prince Consort Village, is managed by Campus Living Villages. Accommodation fees for Prince Consort Village are not processed by the RCM. Therefore, it is not possible to include any payments already made for accommodation on your CAS.


Financial matters can be very sensitive, but are a vital part of the visa application process. Please do not leave anything to chance or guesswork. If you are uncertain about your financial status, how to prove that you meet the appropriate finance requirements, or if you have any general queries, you should contact our International team as soon as possible.

If you would like to pay your tuition fees before you apply for your visa, please contact our Finance team. Remember, once these payments have been made you will need to notify our International team so your CAS can be updated.

International team

International student enquiries

Student Finance team

Tuition fee payment enquiries