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UK Publishes List of Philippine Banks for Student Visas

Following what it regards as an abuse of the student visa system, the UK Border Agency (UKBA) significantly raised the standards for education providers to bring international students to the UK.

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UK Publishes List of Philippine Banks for Student Visas
Written by Crispin Aranda.
Posted on November 4, 2011

As a result, UK Immigration Minister Damian Green announced on 2 November 2011that “over 450 education providers (which could have brought more than 110,000 students) will no longer be able to sponsor new international students to the UK.”

The more than 400 colleges “lost their right to recruit international students after they failed to sign up for the new inspection system. As well as cutting abuse, the new standards will help ensure that genuine international students receive the highest quality education.”

In addition, the UKBA reported that its investigation into more than 100 colleges has “led to 51 having their licences to recruit international students revoked. The investigation followed a spike in applications from South Asia just before the English language requirement rules were tightened. More than 4,500 of these applications to study have been refused or withdrawn as a result.”

The UK Border Agency announced a list of more than 2,000 banks and financial institutions worldwide that can no longer provide evidence to verify a student has sufficient funds for their course. A student visa applicant under Tier 4 must provide evidence of funds to pay for the course fee and cost of studies while in the UK.  Proof of funds indicate that the student will not rely on work rights to finance his or her studies.  In the past, thousands of students presented certificates from banks which turned out to be unreliable, thus the list of acceptable financial institutions.

If a bank is on the list cited by the UK above, a student citing that institution will not be granted a visa. Most of the banks not acceptable as source of funds are rural banks, savings and loans associations.

The list of acceptable financial institution in the Philippines is shown below:

  • ABN Amro Bank LKG Tower 6801 Ayala Avenue 1200, Makati City, Manila
  • Al-Amanah Islamic Bank PHIDCO A. Building Veterans Avenue, Zamboanga Cit
  • Allied Banking Corporation Allied Banking Centre, 6754 Ayala Ave. cor. Legaspi St., Makati City
  • Allied Savings Bank Allied Bank Centre, 6754 Ayala Ave. cor. Legaspi St., Makati City
  • Asia United Bank JN Bldg., Joy Nastalg Centre, 17 ADB Avenue, Ortigas Centre, Pasig City 1605
  • Australia & New Zealand Banking Group (ANZ) 9F Metrobank Card Corp. Centre, 6778 Ayala Avenue, Makati City
  • Banco de Oro Unibank, Inc. BDO Corporate Centre, 7899 Makati Avenue, Makati City
  • Bangkok Bank Public Co Ltd 10th Floor Tower II The Enterprise Centre 6766 Ayala Avenue, Makati City
  • Bank of America, N.A. 27/F Philamlife Tower, 8767 Paseo de Roxas, Makati City 1226
  • Bank of China (Limited – Manila Branch) 36/F Philamlife Tower, 8767 Paseo de Roxas, Makati City
  • Bank of Commerce San Miguel Properties Centre (SMPC), No. 7 Saint Francis Street, Mandaluyong City 1550
  • Bank of the Philippine Islands BPI Bldg., Ayala Avenue cor. Paseo de Roxas, Makati City 0720
  • Bank of Tokyo-Mitsubishi 15/F Makati Sky Plaza Building, 6788 Ayala Avenue, Makati City 1226
  • BDO Elite Savings Bank, Inc. 11th Floor Net Cube 3rd Avenue 30th Street Global City (Mailing address: BDO Corporate Centre, 7899 Makati Avenue, Makati City)
  • BDO Private Bank 27 / F Tower One and Exchange Plaza, Ayala Triangle, Ayala Avenue, Makati City 1226
  • BPI Capital Corporation 8th Floor 8753 BPI Building, Ayala Avenue corner Paseo de Roxas, Makati City
  • BPI Card Finance Corporation BPI Card Centre, 8753 Paseo de Roxas, Makati City
  • BPI Direct Savings Bank 8th Floor BPI Card Centre, 8753 Paseo de Roxas, Makati City 0720
  • BPI Family Savings Bank BPI FSB Centre, Paseo de Roxas cor. dela Rosa Sts., Makati City
  • BPI Globe BanKo, Inc., A Savings Bank G/F Greentop Condominium Bldg., Ortigas Avenue, North Greenhills, San Juan, Metro Manila
  • BPI Leasing Corporation 8th Floor Ayala Wing, BPI Building, Ayala Ave., cor Paseo de Roxas, Makati City
  • China Banking Corporation 8745Paseo de Roxas cor. Villar St., Makati City 1226
  • China Bank Savings, Inc. VGP Centre Bldg., 6772 Ayala Avenue, 1226 Makati City
  • China Trust (Phils) Commercial Bank 16th to 19th Floors, Fort Legend Towers, 31st Street cor. 3rd Ave., Bonifacio Global City, Taguig City
  • Citibank N.A. 9F Citibank Tower, 8741 Paseo de Roxas St., Makati City 1226
  • Citibank Savings, Inc. 19th Floor, Citibank Square, 1 Eastwood Avenue, Eastwood City, Libis, Quezon City
  • Deutsche Bank AG 26/F Ayala Tower One, Ayala Triangle, Ayala Ave., Makati City 1274
  • Development Bank of the Philippines (DBP) Sen. Gil. J. Puyat Avenue corner Makati Avenue Makati City
  • East West Bank 20/F PBCom Tower, Ayala Avenue, Salcedo Village, Makati City 1226
  • Export and Industry Bank Export Bank Plaza, Export Drive cor. Chino Roces cor. Sen Gil Puyat Ave., Makati City 1200
  • First Consolidated Bank C.P. Garcia North Ave., Taloto District, Tagbilaran
  • Hongkong and Shanghai Banking Corporation HSBC Centre, 3058 Fifth Avenue West, Bonifacio Global City, Taguig City 1634
  • HSBC Savings Bank (Phils) Inc. G/F Peninsula Court, 8735 Paseo de Roxas cor. Makati Ave., Makati City
  • ING Bank (Internationale Nederlanden Groep Bank N.V. – Manila Branch) 21/F Tower One & Exchange Plaza, Ayala Triangle, Ayala Avenue, Makati City
  • J.P. Morgan Chase Bank 31/F Philamlife Tower, 8767 Paseo de Roxas, Makati City 1229
  • Korea Exchange Bank 33/F Citibank Tower, 8741 Paseo de Roxas St., Salcedo Village, Makati City
  • Land Bank of the Philippines LandBank Plaza Bldg., 1598 M. H. Del Pilar cor. Dr. J. Quintos Sts., Malate, Manila 1004
  • Maybank Philippines, Inc. Legaspi Towers, 300 Roxas Blvd. cor. Vito Cruz St., Malate, Manila 1004
  • Mega International Commercial Bank 3/F Pacific Star Bldg., Sen. Gil J. Puyat Ave. cor. Makati Ave., Makati City 1200
  • Metropolitan Bank and Trust Company Metrobank Plaza, Sen. Gil J. Puyat Ave., Makati City 1200
  • Mizuho Corporate Bank Ltd. 26/F Citibank Tower, Valero cor. Villar Sts., Salcedo Village, Makati City
  • Philippine Bank of Communications 5/F PBCom Tower, 6795 Ayala Avenue,Makati City 1200
  • Philippine Business Bank 350 cor 8th and Rizal Ave., Grace Park, 1403 Caloocan City
  • Philippine National Bank PNB Financial Centre, Pres. Diosdado Macapagal Blvd., Pasay City 1305
  • Philippine Veterans Bank PVB Bldg. 101V.A. Rufino cor. Dela Rosa Sts., Legaspi Village, Makati City 1229
  • Planters Development Bank Plantersbank Bldg., 314 Sen. Gil Puyat Extension, Makati City 1200
  • RCBC Capital Corporation 7th Floor Yuchengco Tower, RCBC Plaza, 6819 Ayala Avenue Makati City 0727
  • RCBC Savings Bank, Inc. Pacific Place Bldg., Pearl Drive, Ortigas Centre, 1600 Pasig City (Executive office: 18/F Philippine Stock Exchange Centre, West Tower, Exchange Road, Ortigas Centre, Pasig City)
  • Rizal Commercial Banking Corporation 46th Floor, Yuchengco Tower, RCBC Plaza, 6819 Ayala Avenue, Makati City 0727
  • Robinsons Bank Corporation 17/F Galleria Corporate Centre, EDSA cor. Ortigas Avenue, 1110 Quezon City
  • Security Bank Corporation Security Bank Centre, 6776 Ayala Ave., Makati City 0719
  • Standard Chartered Bank The Sky Plaza, 6788 Ayala Ave., Makati City 1226
  • The Real Bank 7/F President Tower, 81 Timog Avenue, Diliman, Quezon City
  • UCPB Leasing and Finance Corporation (ULFC) 14F UCPB Building, Makati Avenue, Makati City
  • UCPB Savings Bank 18th Flr. UCPB Bldg., Makati Avenue, Makati City 1200
  • Unionbank of the Philippines Unionbank Plaza Building, Meralco Ave., cor. Onyx & Sapphire Roads, Pasig City 1605
  • United Coconut Planters Bank UCPB Bldg., 7907 Makati Ave., Makati City 0728

About the Author

Crispin Aranda

Crispin Aranda

Crispin R. Aranda is an established International Visa Conselor and Immigrant Advocate. He is the president of IVC and is in several migration radio programs.

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