Updated Approved Financial Institutions for UK VISA 2023

Studying abroad is a dream that needs extensive planning, various steps of application, and long meticulous documentation. Ranging from collecting the transcripts, writing, and submitting a statement of purpose and letter of recommendation to the long application forms. This process doesn’t stop here and with admissions, a very different set of paperwork begins for your student visa. A very important component of the identical is that of the financial documents.

Financial sponsorship is an important component of studying in the United Kingdom or any other country. Many financial institutions of Bangladesh for instance banks were accepted by the UK government for transferring money of international students from Bangladesh to the United Kingdom. Prior to the year 2022, the UK government updated the name of the Bangladeshi banks, which are accepted by the British government and many known banks were put under the blacklist. So, Bangladeshi students and their parents must have a clear knowledge of the updated bank list for higher studies in the United Kingdom so that they can put their money into the banks for showing bank statements for their children willing to study abroad. This is because; to study in the UK, international students from Bangladesh are required to show at least BDT 26 to 30 lac. It is a mandatory requirement for studying in the United Kingdom. According to the updated rules, All Bangladeshi Financial Institutions are approved by the UK Government for the UK Visa. Here is the list of formerly approved financial institutions for UK VISA applications in Bangladesh is given below.

UK Approved Banks List in Bangladesh for UK Visa (Formerly)

AB Bank Limited

Type: Public Limited Company
Industry: Banking
Founded: April 2, 1982, in Dhaka, Bangladesh
Headquarters: Dhaka, Bangladesh
Number of locations: 104
Key person: Muhammad A. (Rumee) Ali (Chairman)
Products: Consumer Banking, Corporate Banking
Website: abbl.com

BRAC Bank Ltd

Type: Public Limited
Industry: Financial Services, Banking
Founded: 4 July 2001
Headquarters: Anik Tower, 220/B Tejgaon Gulshan Link Road, Tejgaon, Dhaka-1208
Dhaka, Bangladesh
Number of locations: 187 branches
Key people: Sir Fazle Hasan Abed KCMG, Former Chairperson, Board of Directors
Dr. Ahsan H. Mansur, Chairman
Mr. Selim RF Hussain, Managing Director & CEO

Citi Bank

Type: Subsidiary of Citigroup
Industry: Financial services
Founded: June 16, 1812; (as City Bank of New York)
Headquarters: New York, New York
Key people: Barbara Desoer (Chair), Jane Fraser (CEO)
Products: Credit cards, Mortgages, Personal loans, Commercial banking, Lines of credit
Parent: Citigroup
Website: citi.com

Commercial Bank of Ceylon Ltd

Type: Public
ISIN: LK0053N00005
Industry: Financial
Founded: June 25, 1969; 52 years ago
Headquarters: Colombo, Sri Lanka
Number of locations: 268 branches
Area served: Sri Lanka, Bangladesh, Maldives, Myanmar, and Italy
Key people: Justice K Sripavan (Chairman), Prof. A. K. W. Jayawardane (Deputy Chairman), S. Renganathan (CEO)

Dhaka Bank Ltd

Type: Private (Non-Government)
Industry: Banking
Founded: July 5, 1995
Founder: Mirza Abbas
Headquarters: Dhaka, Bangladesh
Number of locations: 82
Products: Banking services

Eastern Bank Limited

Type: Private (Non-Government)
Industry: Banking
Founded: August 8, 1992
Headquarters: Dhaka, Bangladesh
Products: Banking services

First Security Islami Bank Ltd

Type: Public Limited Company
Industry: Banking
Founded: 1999 in Dhaka, Bangladesh
Headquarters: Dhaka, Bangladesh
Key people: Mohammad Saiful Alam (Chairman)
Products: Banking services, Consumer Banking, Corporate Banking, Investment Banking
Website: fsiblbd.com

Hong Kong and Shanghai Banking Corporation Ltd (HSBC)

Type: Public Limited Company
(Origin: Body Corporate formed by Special Ordinance)
Industry: Financial services
Founded: 3 March 1865, in British Hong Kong
Incorporated: on 14 August 1866
Founder: Sir Thomas Sutherland
Headquarters: HSBC Main Building, Central, Hong Kong
Key people: Peter Wong (Chairman), David Liao (Co-CEO), Surendra Rosha (Co-CEO)
Products: Retail banking, commercial banking, investment banking, mortgage loans, private banking, wealth management, credit cards, finance and insurance
Parent: HSBC
Subsidiaries: Hang Seng Bank, HSBC Bank (China), HSBC Insurance, HSBC Broking Services (Asia), HSBC Global Asset Management (Hong Kong), HSBC Private Equity (Asia), HSBC Securities (Asia)
Website: www.hsbc.com.hk

Mutual Trust Bank Ltd

Type Private: (Non-Government)
Industry: Banking
Founded: Dhaka, Bangladesh
Headquarters: Dhaka, Bangladesh
Key people: Syed Mahbubur Rahman (Managing Director and CEO)
Products: Banking services, Consumer Banking, Corporate Banking, Investment Banking, Islamic Banking
Website: mutualtrustbank.com

National Credit and Commerce Bank Ltd

Founded: 1985
Headquarters: Dhaka, Bangladesh
Key people: Md. Abul Bashar (Chairman), Tanzina Ali (Vice-Chairman), Mohammad Mamdudur Rashid (Managing Director and CEO)

One Bank Ltd

Type: Private (Non-Government)
Industry: Banking
Founded: 1999, Dhaka, Bangladesh
Headquarters: Dhaka, Bangladesh
Key people: Mr. A.S.M. Shahidullah Khan (Chairman), Monzur Mofiz (Managing Director )
Products: Banking services, Consumer Banking, Corporate Banking, Investment Banking, Islamic Banking

Shahjalal Islami Bank Ltd

Type: Public limited company
Industry: Banking
Founded: April 1, 2001
Headquarters: Dhaka, Bangladesh
Key people: Mohammed Younus (chairman)
Products: Banking services, Consumer Banking, Corporate Banking, Investment Banking
Website: sjiblbd.com

Southeast Bank Ltd

Type: Private Bank
Industry: Banking, Financial services
Founded: 1995, in Dhaka, Bangladesh
Headquarters: Dhaka, Bangladesh
Key people: Alamgir Kabir, FCA (Chairman), M Kamal Hossain (Managing Director)
Services: Consumer Banking, Corporate Banking, Investment Banking, Islamic Banking, Mortgage Loans, Private Banking, and Credit Cards
Website: www.southeastbank.com.bd

Standard Chartered Bank

Type: Public limited company
ISIN: GB0004082847
Industry: Banking, Financial services
Predecessor: Standard Bank, Chartered Bank
Founded: As Chartered Bank of India, Australia, and China on 29 December 1853; 168 years ago, As Standard Chartered on 18 November 1969; 52 years ago
Founder James Wilson with a royal charter (for the Chartered Bank line)
Headquarters London, England, UK
Area served: Worldwide
Key people: José Viñals (Group Chairman), Bill Winters, (Group Chief Executive)
Services: Credit cards, Consumer banking, Corporate Banking, Investment banking, Mortgage loans, Private banking, Wealth management

State Bank of India

Type: Public Sector Undertaking
Industry: Banking, financial services
Headquarters: State Bank Bhawan, M.C. Road, Nariman Point, Mumbai, Maharashtra, India
Number of locations: 22,219 Branches, 62,617 ATMs in India, International: 229 Branches in 31 countries
Area served: Worldwide
Key people: Dinesh Kumar Khara (Chairman)
Products: Retail Banking, Corporate Banking, Investment Banking, Mortgage loans, Private Banking, Wealth Management, Credit Cards, and Finance and Insurance

Prime Bank Ltd

Type: Private (non-government)
Industry: Banking
Founded: 1995, in Dhaka, Bangladesh
Headquarters: Dhaka, Bangladesh
Key people: Tanjil Chowdhury (Chairman), Md. Shahadat Hossain (Vice-Chairman), Imran Khan (Vice-Chairman)
Number of employees: 3,090 including 681 female employees (as of 31 December 2020)
Website: primebank.com.bd

Pubali Bank Ltd

Type: Commercial bank
Industry: Banking, financial services
Founded: 1959
Headquarters: 26 Dilkusha Commercial Area, Dhaka, Bangladesh
Number of locations: 491
Key people: Mr. Monzurur Rahman (chairman)
Products: Retail banking, corporate banking, mortgage loans, private banking, credit cards, finance and insurance
Number of employees: 8,408 (2021)
Website: https://www.pubalibankbd.com/, http://www.pubalibangla.com/

Woori Bank Ltd

Type: Public
Industry: Financial services
Founded: 30 January 1899
Headquarters: Hoehyeon-dong, Jung-gu, Seoul, South Korea
Area served: Worldwide
Key people: Kwang-Seok Kwon, (President & Chief Executive Officer), Byeong-Yong Jang (Standing Audit Committee Member/Director)
Products: Consumer banking, corporate banking, insurance, investment banking, mortgage loans, private banking, private equity, wealth management, credit cards
Number of employees: 15,529 (As of 2019)
Website: www.wooribank.com

Bank Alfalah Limited

Type: Public company
Industry: Banking
Founded: June 21, 1997; 24 years ago
Headquarters: Karachi, Pakistan
Key people: Sheikh Hamdan Bin Mubarak Al Nahayan (Chairman), Sheikh Mansour bin Zayed Al Nahyan (Owner)
Products: Loans, Credit cards, Savings, and Consumer Banking
Owner: Abu Dhabi United Group
Number of employees: 12,118 (As of 2021)
Website: www.bankalfalah.com

The City Bank Ltd

Type: Public Limited Company
Industry: Banking, financial services
Founded: 28 March 1983
Founder: Monowar Ali, Ibrahim Mia (Late), Abdul Hadi (Late), M.A. Hashem (Late), Anwar Hossain, Abdul Barik Choudhury (Late), Deen Mohammad, A.B.M. Feroz, Md. Ali Hossain, Azizul Haque Chowdhury, N.A. Chowdhury (Late)
Headquarters: 136 Gulshan Avenue, Circle 2, Gulshan, Dhaka, Bangladesh
Number of locations: 132 (2021)
Area served: Bangladesh
Key people Aziz Al Kaiser (Chairman) Mashrur Arefin (CEO)
Products: Retail Banking, Corporate Banking, Investment Banking, Mortgage Loans, Private Banking, Wealth Management, Credit Cards, Finance, and Insurance
Number of employees: 4,356 (As of 2021)
Website: thecitybank.com

Trust Bank Ltd

Type: Public
Industry: Banking
Founded: in 1999, Dhaka, Bangladesh
Headquarters: Shadhinota Tower, Bir Shrestha Shahid Jahangir Gate, Dhaka Cantonment, Dhaka, Bangladesh
Number of locations: 114
Key people: General SM Shafiuddin Ahmed (Chairman), Ms. Humaira Azam (Managing Director & CEO)
Products: Banking Services, ATM Services, Consumer Banking, Corporate Banking
Investment: Banking, Islamic Banking, Treasury Management, Internet Banking, Locker Services
Website: www.tblbd.com

Premier Bank Limited

Type: Public Limited Company
Industry: Banking
Founded: 1999
Headquarters: 42 Kemal Ataturk Avenue, Banani, Dhaka, Bangladesh
Number of locations: 118 Branches, 10 Sub-Branches, 186 Agent Outlets
Area served: Bangladesh
Key people: HBM Iqbal (Chairman), Shafiqur Rahman (Founder & Director) M. Reazul Karim, (MD & CEO)
Website: www.premierbankltd.com

Standard Bank Limited

Type: Private commercial bank
Industry: Financial Services, Banking
Founded: 1999, Dhaka, Bangladesh
Headquarters Dhaka, Bangladesh
Key people: Kazi Akram Uddin Ahmed, Chairman, Mr. Kamal Mostafa Chowdhury, Founder Vice-Chairman & Director, Mr. Khondokar Rashed Maqsood, Managing Director & CEO
Products: Banking services, Consumer Banking, Corporate Banking, and Investment Banking.
Website: www.standardbankbd.com

IFIC Bank Limited

Type: Limited Liability Company
Industry: Banking
Founded: Dhaka, Bangladesh (1976)
Headquarters: Dhaka, Bangladesh
Key people: Salman F Rahman (chairman), Shah A Sarwar (MD & CEO)
Products: Banking Services, Consumer Banking, Corporate Banking, Investment Banking
Website: www.ificbank.com.bd

Therefore, before transferring money to any Bangladeshi bank apart from the above-enlisted ones, think carefully twice which might lead to clear student visa refusals from the United Kingdom. If you face any kind of difficulty Career Paths will guide you properly.