When applying for a visa, it is important to have enough money in your account to travel. A minimum bank balance confirms that you have the financial ability to pay for your trip and return home. Find out what the minimum bank account balance is in different countries and how I can prove I have enough money

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One of the key aspects when applying for a visa is confirmation of the availability of a sufficient amount of funds for the trip. The minimum bank balance is the amount of money you must have in your account to prove that you have the financial ability to pay for your stay abroad. In addition, it also demonstrates to the embassy or consulate that you have sufficient financial resources to return to your country after your visit.

What amount must be in the account to get a visa? It depends on the country of destination and the type of permit.

We have collected data from different countries of the world in our new material.

What can affect the amount of the minimum balance on the bank account for obtaining a visa?

The following factors affect the size of the minimum balance on the bank account for obtaining a visa:

- Country of destination. The minimum bank balance may vary from country to country as accommodation and travel costs may vary.

- Duration of the trip. The longer the trip, the higher the minimum bank balance requirement will be, as the applicant will need to demonstrate that they can support themselves financially for a longer period.

- Personal circumstances. The embassy or consulate may take the applicant's circumstances into account when assessing minimum bank balance requirements. For example, if the applicant is traveling with his family, the minimum bank balance requirement may be higher.

- The type of visa can also affect the minimum bank balance. For example, if an applicant is applying for a long-term or work visa, the minimum bank balance requirements may be higher.

What is the minimum balance on a bank account set in different countries to get a visa

European Union

- Austria does not require a certain amount of funds in the account, because decisions on minimum financial requirements are made in each specific case, taking into account the purpose, type and duration of your stay. However, as a rule, it is desirable to have a budget of at least 100 euros per day.

- When traveling to Belgium with a Schengen visa, to enter and stay in the country you must have at least 45 euros if you are staying with family or friends and 95 euros if you plan to stay in a hotel.

- Croatia - the minimum amount is 70 euros per day or, in case of a tourist reservation, 30 euros for each day of travel.

- Czech Republic - to obtain a short-term visa to the country, you need 2,980 Czech crowns or 127.40 euros. If the length of stay is more than 30 days - 44,700 kroner or 1,910.95 euros.

- Denmark - If the applicant plans to stay in a hotel, the minimum required bank balance is approximately DKK 500 or €67.17 per day.

- Estonia - when applying for a visa, you must demonstrate that you have the equivalent of 130.80 euros for each day of your stay.

- To enter Finland, you must demonstrate that you have at least 30 euros per day for the duration of your stay.

- France – for persons with proof of residence, the minimum amount is 32.50 euros. If a hotel reservation is not provided as proof of residence, the minimum amount required is 120 euros per day.

- Germany - the applicant must demonstrate to the embassy that he has the financial capacity to the amount of at least 45 euros per day for the duration of his stay in the country.

- Greece – you must have at least 50 euros in your bank account for each day of your stay in the country. For a stay of up to five days, the necessary amount reaches 300 euros. For minors, the cost is reduced by 50%.

- Hungary – a minimum of HUF 10,000 or EUR 26.95 per day. However, keep in mind that this amount is only an estimate, and if you can demonstrate that you have more funds to cover expenses during your stay in Hungary, this may increase your chances of getting a visa.

- Iceland - in order to obtain a visa, it is necessary to demonstrate the availability of at least 8,000 Icelandic krona or 53.36 euros per day. In case of sponsorship by another party, this amount is reduced by 50% to 4000 ISK or 26.68 EUR per day.

- Italy - for a trip lasting up to 5 days, you need to have 269.60 euros in your account. If the duration of the trip is longer, the amount of daily expenses will be 36.67 euros on average.

- Spain – a minimum of 900 euros per person, regardless of the expected length of stay.

- Latvia - the required amount is at least €14 per day of stay.

- Liechtenstein - at least 100 Swiss francs or 102.48 euros for each day of your stay as a tourist. If you are applying for a student visa, you must have at least 30 Swiss francs or 30.72 euros per day.

- Lithuania – at least 40 euros for each day of stay in the country and financial opportunities to return to your country.

- Luxembourg – 67 euros for each day of the planned stay, as proof of the availability of adequate personal resources for the duration of the visit and for the return to the home country or transit to another country.

- Malta - a minimum of 48 euros per day for the entire period of your stay.

- The Netherlands - €55 per person per day as a current basis for the means test.

- Norway - When applying for a visa, you must provide proof of a bank balance of at least NOK 500 or €43.33 per day for the duration of your stay in the country.

- Poland - PLN 300 or EUR 66.38 if the planned stay does not exceed 4 days or PLN 75 or EUR 16.59 for each day of the planned stay if the planned stay exceeds 4 days.

- Portugal – 40 euros for each day of stay in the country.

- Slovakia – 56 euros per person per day.

- Slovenia – 70 euros per day for personal expenses during the visit or 35 euros for minors.

- Sweden - The country's immigration service requires you to have at least SEK 450 or €40.12 per day.

- Switzerland – CHF 100 or €102.48 per day for the planned period of your visit, assuming you cover your travel expenses. For students visiting Switzerland, the minimum amount required is reduced to 30 Swiss francs or 30.72 euros per day.

USA

- Guest visa B1/B2

To visit the US on a b1/b2 visa, your budget should be at least $3,000 - $6,000 for a family of 4 (also include airfare from your destination to the US). Taking this into account, we recommend displaying at least $6,000 - $10,000 in the statement.

- Tourist visa to the USA

You must have a balance of $6,000 to $10,000 in your account. However, it is very important that this amount reflects your regular income and not a sudden deposit made just before submitting your visa application.

- Student visa

There is no fixed minimum bank balance for a US student visa, but you must have at least $10,000.

Canada

- Student visa

The bank balance requirement for a Canadian study permit is the sum of your annual tuition fees and annual living expenses. The minimum tuition fee for a Canadian university is 15,000 CAD. The minimum cost of living in Canada is approximately 10,000 Canadian dollars. So, for a Canadian student visa, the minimum bank balance requirement is (C$15,000 + C$10,000) = approximately C$25,000 ($18,500).

Philippines

The bank balance required for a Philippines visa is around $1,000.

United Kingdom

There is no set amount of money required for a UK visa as it depends on the individual's circumstances and the purpose of their visit to the country.

On this basis, if you are traveling alone and think your trip will cost £2,000, the recommended amount in your bank account should be at least £3,000 in the previous six months.

How can I confirm that I have enough money to get a visa?

You can confirm the availability of a sufficient amount of funds to obtain a visa with the help of the following documents:

- Bank statements.

- Proof of salary or income, such as a letter from your employer or pay stubs.

- Tax declarations.

- Confirmation of property ownership.

- Acknowledgment of third party sponsorship or endorsement.

- Credit card statements.

- Investment reports.

- Pension certificates.

- Confirmation of advance housing reservation.

- Confirmation of paid tickets to the country of residence.

- Any other relevant financial documents that prove your ability to support yourself during your stay in the country.

Igor Usyk - Head of Migration department at VisitWorld

To ensure a safe move to a new country, I advise you to consult a specialist. My colleagues, qualified specialists with a legal education, will help you avoid unpleasant situations during migration.

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