How much need bank statement for schengen visa? If you are going for a Schengen visa, and your bank statement does not clearly show your ability to support yourself or your family, then you will not have a good chance to get the visa.
So, make sure you have a bank statement that meets the Schengen visa requirements.
Introduction and Background
A Schengen visa is a short-term visa issued by a Schengen country, which allows the holder to travel freely within the Schengen territory. To be eligible for this type of short-term visa, you must have at least 5,000€ in your bank account and proof of sufficient funds for your stay.
You must provide proof of financial sufficiency to apply for a Schengen Visa or travel within the Schengen Area.
The Schengen Visa is a visa that allows you to travel freely within the Schengen Area. The Schengen Area is a group of 26 European countries (EU Member States) that have abolished passports and checks at their common borders.
To apply for a Schengen Visa, you must show proof of financial sufficiency, and this means you need to establish an adequate amount of funds to cover your expenses during your stay in the country and return trip. You also need to show proof of sufficient health insurance coverage for your visit to the country.
You’ll need some financial means to get a Schengen Visa and travel to one of the countries in Europe. In other words, they prove that you are financially prepared to cover your expenses abroad.
The cost for each visa is different and provided on the website of the individual European country.
They are interpreted by the embassy or consulate of the country where you plan to travel as financial guarantees for staying there.
What are “Means of Subsistence”?
The term “means of subsistence” is a concept that economists have used to define the lowest level of income that is needed for an individual or family to meet their basic needs. The term uses various contexts, but it typically refers to the minimum amount required to cover basic food and shelter costs.
How Much Money is Enough to Show on the Schengen Visa?
There is no set amount. The Schengen visa application form asks for a “justification” of the travel budget.
The Schengen Visa Application Form asks for a “justification” of the travel budget, but there is no set amount to show on it.
What Documents Explain How Much Money I Have in My Bank Account?
It would be best if you showed that you have an available balance of at least $2,500 for a Schengen visa.
The bank account statement is a document that tells you how much money you have in your account. It also means you the date of the information and when it expires.
A bank account statement will show transactions made to and from your account, including deposits, withdrawals, transfers, and interest earned. It will also show any fees or charges for using the account.
This document can be used to help keep track of one’s finances, as well as to make sure that no fraudulent transactions are being made on your behalf.
There are a few recognized ways to prove your financial stability:
- A personal bank statement indicating your economic movements (for at least three last months)
- Credit card
- Traveler’s cheques
- Proof of employment
- Supporting document to attest sponsor’s readiness to cover your expenses during your stay
- Proof of prepaid accommodation
- Record about accommodation in private
- Proof of prepaid transport
Attention! Please consult the Embassy or Consulate of the Schengen country where you will travel and check for updated requirements.
Proof of Financial Means for Austria Schengen Visa
Austrians abroad are not obligated to provide the specific amount of their necessary means of subsistence. Whether they are working or not. The question of how to interpret the law and when it should apply is controversial.
In case of doubt, Austrian law considers the provision as non-compulsory. Austria’s highest court, for instance, said in 2005 that although Lohnausweis holders must report all their foreign earnings to the tax authority annually, they are not obliged to report any specific information about those earnings.
Then, implicitly the amount of financial means, or means of subsistence, is regulated on an individual or case-by-case basis by the individual’s or case-by-case adjudicator’s discretion.
This means that, in general, individuals and households are free to make their own decisions about how much money they will spend on food and other goods.
Proof of Financial Means for Belgium Schengen Visa
How much money to show for a Schengen visa? The amount of money a Belgium Visa applicant must have if staying in a hotel is €95 per day, whereas €45 per day if waiting outside of one.
The Belgian Schengen Visa is an entry visa that permits the applicant to stay in Belgium for a maximum of 90 days.
Applicants must provide evidence that sufficient funds will cover their stay in Belgium, and the amount required depends on the duration of the holiday.
Proof of Financial Means for Czech Republic Schengen Visa
When applying for a Czech short-term visa, the Ministry of Foreign Affairs of the Czech Republic specifies financial stability by requiring it to be represented with 1,100 CZK, equivalent to 42.50€/day.
Applicants for visas to the Czech Republic need to show proof of having at least – €1,274 €33,000 in their bank account for 30 days.
As a result, the Czech Ministry of Foreign Affairs has recently instructed applicants for long-term visas to have at least €1728 in living expenses.
However, when applying for a Czech long-term business visa, you must show proof of having 50 times the minimum amount needed to survive in the country. That’s 110,000 Czech Koruna (CZK) or 4,245 EUR.
When applying for a Czech student visa, you can provide proof of your financial situation by proving that you will have sufficient funds to cover living costs.
The application fee for Czech Visas depends on an individual’s financial means. Their parents can meet part of the fee, and those under 18 must provide half or 50% as a form of attestation as required by Czech law.
Proof of Financial Means for Denmark Schengen Visa
To apply for a Denmark Visa, you need to show that you have access to nearly 500 DKK/day. This amount is equal to 67.24€/day. You need this amount if you are staying in a hotel, but it may be satisfied by other means if you stay in cheaper accommodation.
For example, suppose the applicant has paid for their accommodation, or an external party covers their capacity. In that case, the number of financial means required when applying with a Danish Embassy or Consulate lowers.
Proof of Financial Means for Estonia Schengen Visa
The Estonian Embassy in Washington DC has the following requirements for a Schengen visa application:
- Proof of financial means
- Proof of accommodation
- Travel itinerary
- Medical insurance coverage or travel insurance
The applicant must submit a document that proves they have enough money to cover their expenses while in Estonia. The amount required is €150 per day.
If the applicant is staying with friends, they will need to provide documentation that they have permission from the hosts to stay there.
The proof can provide as proof of accommodation by submitting an invitation letter from someone living in Estonia, confirmation of hotel booking, or a rental contract.
The applicant must also provide proof that they have medical coverage for their trip or show evidence that they have purchased travel insurance with at least €30,000.
Proof of Financial Means for Finland Schengen Visa
When an applicant applies for a Schengen Visa in Finland, they must show that they have sufficient financial means.
The Finnish Immigration Service will be satisfied with a document that proves the applicant has access to at least €30 per day or €90 per week.
The document can be a bank statement, credit card statement, or other similar documents. It needs to show that the person has had access to these funds for at least three months before applying.
Proof of Financial Means for France Schengen Visa
A valid proof of financial means is a document proving that the person can support themselves without assistance from the French government.
The following documents are accepted as proof of financial means for the France Schengen Visa:
- Bank statement or bank account statement
- Pay slips
- Passport copies
- Credit card statements
- Letter from employer on company letterhead stating salary and employment details
- Proof of property ownership or rental agreement
If the applicant has a prepaid hotel, the cost 65€ per-day.
For the period they are staying in a hotel, the room is covered, and they only need to pay 120€ Plus, In case they find cheaper accommodation, their cost will be 32.25€ per day.
Proof of Financial Means for Germany Schengen Visa
According to the European Commission, you must have a little over $50USD/day or 45€/day while visiting Germany.
Proof of Financial Means for Greece Schengen Visa
The European Commission states that all foreign nationals who are not EU citizens have to have 50€/day with a minimum of 300€ up to 5 days at the time of application for a Greek visa to be issued.
The applicant must provide the following documents:
- Proof of financial means for the period of stay in Greece
- Proof of accommodation for the period of stay in Greece
- Evidence that they have sufficient funds to cover their return or onward journey to a third country
- A valid travel document and a visa, if necessary, for their third country of destination (if they require a permit)
- Health insurance is right in Greece.
Note: A reduction to 50% of the standard amount applies to individuals 18 years old and younger.
Proof of Financial Means for Hungary Schengen Visa
According to the European Union’s requirements, for a foreigner to enter and reside in Hungary, they must have 1,000 HUF (3.19€) upon entering Hungarian territory.
There are no fixed amount of means of subsistence that you need to provide the Hungarian Embassy or Consulate when applying for a visa.
Proof of Financial Means for Hungary Schengen Visa is essential for getting a visa.
The applicant needs to prove that they have sufficient funds to cover their expenses during their stay in Hungary and that they will not become a burden on the social welfare system of Hungary.
The applicant is required to provide evidence of their financial means
by producing one or more of the following documents:
- Bank account statement
- Bank reference letter
- Signed employer’s letter confirming salary and employment status
- Income tax return or bank statement confirming pension income
- Letter from sponsor (if applicable)
- Proof of property ownership or rental agreement (if applicable)
Proof of Financial Means for Iceland Schengen Visa
A foreign national must attest to owning at least 4,000 ISK of subsistence per day to apply for an Icelandic visa. The European Commission has established this and is monitoring it.
While the amount of money required for each entry to the territory of Iceland is 20,000 ISK or 144.13€.
To enter Iceland’s territory, whether by plane or by boat, one must present a valid passport within the last ten years’ validation. Tourist cards are good for three months on arrival and cost 20,000 ISK.
If a tourist would like to stay longer than three months, they must apply for an extension and pay 60€ every month.
Proof of Financial Means for Italy Schengen Visa
According to the Italy Ministry of Foreign Affairs and International Cooperation, you’ll need to show at least this much money /cash to apply for a visa to Italy.
For stays up to 5 days
For each person, the total cost is 269.60€ and 212.81€ for two or more people.
For Stays 6-10 days
The daily amount is €44.93/person and €26.33/two and more persons.
For Stays 11-20 days
The cost per person is 51.64€ and 25.82€ per day, the price is 36.67€ and 22.21€ for two or more people
For Stays over 20 days
The total cost for one person is €206.58, and €118.79 for two people, plus the daily rate is €27.89 (or €17,04)
The Italian consulate in the United States does not require applicants to provide proof of financial means for an Italian Schengen Visa.
Proof of Financial Means for Latvia Schengen Visa
The European Commission states that foreign nationals who want to enter and reside in the Republic of Latvia need to attest to enjoying at least 14€/day for their stay.
It is mandatory to submit proof of financial means when applying for a Latvia Schengen Visa. This includes the following:
- Proof of funds to cover the expenses during the stay in Latvia,
- Proof of accommodation in Latvia,
- Proof of sufficient funds to return to your home country or proof that you are not a danger to public order and security in Latvia.
Proof of Financial Means for Lithuania Schengen Visa
The Lithuania Schengen Visa is a visa that allows the holder to travel to any of the countries in the Schengen Area.
It is a visa issued for short-term stays (less than 90 days) and can be obtained if the applicant has proof of sufficient financial means.
The applicant must prove that they have enough money to cover their expenses during their stay in Lithuania and return home.
The amount of money needed depends on the duration of your stay and the country where you are coming.
If you are a foreigner wanting to enter the territory of Lithuania, you will need to attest that you have at least 40€ per day.
Proof of Financial Means for Luxembourg Schengen Visa
The European Commission has recently updated its guidance. Luxembourg does not include any specific amount of the means of subsistence when it comes to foreign nationals applying for a Luxembourg Visa to either the Luxembourg Embassy or Consulate.
The new guidelines will come into force on November 15th, 2018.
Proof of Financial Means for Malta Schengen Visa
When applying for a Malta Visa, you must ensure that you have at least €48/day on hand. This figure is the amount the European Commission gave, so if they haven’t changed anything since then, it should still apply.
Proof of Financial Means for Netherlands Schengen Visa
The Netherlands Schengen Visa is a visa that allows the holder to travel, live and work in the Schengen Area without any time limit.
For those traveling to the Netherlands for tourism or business purposes, you need to provide proof of financial means to be granted a visa. So what are these proofs?
The following three proofs must be provided: Proof of accommodation, financial means, and proof of return or onward journey.
According to the European Commission, how much need bank statement for schengen visa – intending travelers need to show they have 34€ per day when they apply for a Netherlands Visa (provided they are staying in the country for a while).
Proof of Financial Means for Norway Schengen Visa
The applicant must provide the following documents:
- A valid passport or travel document.
- A valid return ticket.
- Proof of sufficient funds to cover the duration of the stay in Norway (at least NOK 10,000 per person and NOK 20,000 per family).
- Proof of accommodation in Norway.
- Proof of medical insurance covering all risks for Norway.
Applicants planning to stay in Norway for more than three months must also provide a certificate from their employer stating or documentation showing they have sufficient funds to support themselves during their stay.
Norwegian Immigration – foreigners looking to enter Norway need to attest and show that they have €53.34 equivalent in NOK Norwegian money when applying for a visa.
However, this number is not officially fixed, and typically the amount is decided on a case-by-case basis.
Proof of Financial Means for Poland Schengen Visa
The Polish Schengen Visa is a visa that allows its holder to travel through the Schengen zone without any time limits. It is valid for up to 90 days in any 180 days.
A person can get a Polish Schengen Visa if they have proof of financial means. The applicant must show that they have sufficient funds, which are at least equal to the cost of living in Poland for three months (i.e., EUR 6,000).
How much need bank statement for schengen visa? Applicants must provide documents proving that they have this money in their bank account or other financial assets (e.g., shares, bonds).
Application costs for a Polish visa depend on the type of visa. To apply for a Poland visa, you must first prove that you have insurance covering your healthcare expenses and sufficient funds for the duration of your stay in Poland.
For stays up to 3 Days
The total amount is 300 PLN or 67.76€
For stays exceeding 3 Days
That’s about 100 Polish zlotych or around 22.59 euros.
If a third party covers the accommodation costs before you travel, the price will reduce the daily amount to 20 PLN or 4.52€.
Proof of Financial Means for Portugal Schengen Visa
Foreign nationals planning to visit Portugal need to have 40€/day when they apply for their visa at the Portuguese Embassy or Consulate.
Passport holders of a non-EU country must pay 75€ every time they enter Portugal. The same rule also applies to anyone who is not passport-bearing (e.g., backpackers).
Proof of Financial Means for Slovakia Schengen Visa
Visitors to Slovakia must show that they can afford 56 euros per day for their stay when applying for a visa.
Proof of Financial Means for Slovenia Schengen Visa
The European Commission notifies that for a foreigner to enter the territory of Slovenia; they need to have enough money (approximately 70€/day) in their account for the time spent here.
The foreigner must pay this fee to the Slovenian Embassy or Consulate when applying for a visa.
Proof of Financial Means for Spain Schengen Visa
A foreigner coming to Spain needs 100€ per day and 900€ in total no matter how long the intended length of stay should be.
How much need bank statement for schengen visa? to apply for a Spanish visa, the foreign national should have such amount with them and attested to the Embassy or Consulate.
The applicant must provide proof of financial means for the duration of the stay in Spain. The documents required are:
- Bank statement or letter from your bank which proves that you have sufficient funds to cover your living expenses and return ticket (proof of funds)
- Proof of residence in another Schengen country, where you can prove that you have sufficient financial means
- Proof of residence outside the Schengen area, where you can prove that you have sufficient financial means
- Proof of ownership or rental contract for accommodation in Spain
Proof of Financial Means for Sweden Schengen Visa
To the information provided by the European Commission, a foreigner who seeks to enter Sweden must have access to 450 SEK or 48.26€/day of stay when applying for a Swedish Visa to enter their territory.
In addition, a foreigner who seeks to enter the territory of Sweden must be able to present the following documentation:
- A valid passport with at least three months remaining validity and an ongoing visa or entry permit to a Schengen country;
- Proof of means of subsistence during the intended stay in Sweden (passport or other documents).
Proof of Financial Means for Switzerland Schengen Visa
The Swiss Aliens Act of 2005 states that foreigners must be able to verify having a minimum of 100 CHF or 92.34€ on hand during their stay in Switzerland.
If the applicant has a valid student ID, this amount will reduce to 30 CHF or 27.70€/day.
When applying for a Swiss visa at the Swiss Embassy or Consulate, it is obligated to provide sufficient proof of financial means.
Proof of Financial Means for Liechtenstein Schengen Visa
As in Switzerland, foreigners must provide proof of their intent to enter. This is usually done by providing a copy of a valid passport and visa or, in the case of EU citizens, a national identity card.
Foreigners staying in Liechtenstein for more than a month will have to pay about 100 CHF or 92.34€ per day on their disposition, but if they are students and hold a valid student ID, this amount reduces to 30 CHF or 27.70€ per day.
You need to bring proof of the mentioned amount when applying for a Liechtenstein Visa.