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We may need to see proof of all capital and savings. This includes details of all bank accounts, building society accounts, National Savings Certificates, shares, property land or any other capital you may have. Bank statements and building society books must show the last two months transactions.
They have the authority to request your financial information, including bank statements and transaction details, from your bank. This is usually part of their effort to verify the accuracy of the information you've provided on your Universal Credit application.
Universal Credit and the DWP can check your bank account, particularly when fraud is suspected. The DWP has legal authority to access bank information to verify the accuracy of claims. When applying for Universal Credit, you must provide accurate financial information, including income, savings, and assets.
Some examples of documents that can prove your identity are: Your driving licence ? Your passport. Your bank debit or credit card ? Your payslip or P60. If we need any other information, we may need to arrange an appointment for you with the Universal Credit team.
'Capital disregards' are amounts of capital that are not taken into account when deciding how much Universal Credit you can get. Capital disregards include: assets of a business that is trading. premises or land you live in.