Going Abroad? Know How Much Money You Need In Your Account For Visa Approval
Visa approvals require proof of sufficient funds varying by country, backed by bank statements, payslips, travel plans, and sometimes sponsorship details
If you're planning to travel abroad, it's essential to know that visa rules require proof of sufficient funds, varying by country (around £5,000 to £10,000), supported by bank statements, payslips, and travel plans. Whether visiting the US, Australia, France or elsewhere, you'll need to show adequate funds in your bank account, not just to cover trip expenses, but also to satisfy visa criteria and demonstrate your intent to return home.
Visa officers assess your financial stability through documents such as bank statements, payslips, income tax returns, and travel itineraries. They must be confident you're a genuine tourist, likely to comply with your visa terms. Travel insurance and a strong travel history further bolster your application.
If you're planning to visit countries such as the United States, Australia, Canada, France, Spain, Sri Lanka, or Japan, it's important to be aware of the minimum bank balance required for visa approval. This varies by country and depends on the length and nature of your trip.
United States (USA) – B1/B2 Tourist Visa
Minimum Bank Balance: There is no fixed amount, but it is advisable to have between $6,000 and $10,000 (approximately Rs 5 to 8 lakh) for a 15 to 20 day trip. The required amount may vary based on your travel duration, accommodation, and planned activities. The financial standing of any sponsors is also scrutinised.
Spain – Schengen Visa
France – Schengen Visa
Sri Lanka – Electronic Travel Authorisation (ETA)
Germany – Schengen Visa
Minimum Bank Balance: Similar to France and Spain, Germany requires about €100 to 120 (Rs 9,000 to 11,000) per day. For a 15-day trip, this amounts to approximately Rs 1.5 to 2 lakh.
Documents Required: Bank statements for 3 to 6 months, confirmed bookings, tickets, and travel insurance with €30,000 coverage.
Canada – Visitor Visa (Temporary Resident Visa)
Final Tips
Make sure your bank balance meets the requirements for your destination country, and prepare all necessary documents carefully. Having these in order will help ensure a smoother visa application process and a hassle-free journey abroad.
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First Published:
July 15, 2025, 14:35 IST
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