Minimum account balance Schengen Visa to Hungary?

I am going for an all paid visit to Hungary. My bank account has around 600 EUR but I have additional 4400 EUR in my Recurring deposits and Mutual funds. Is it ok to show those ? Or should the minimum balance be in my savings account ?

Note: These savings are not last minute funds, they are saved everymonth from my salary account into the same account deposit

This is excluding my flight and accommodation which is taken care of already!

Best Answer

What you need is a stable financial situation at home. Almost any last-minute movement of funds is going to make your situation look unstable or unclear, especially if there is no clear explanation. (This answer talks about the UK, but the principle is the same.)

Somebody has to pay for your cost of living, insurance, etc. while in Hungary. 600 EUR is not enough, so you need to document why somebody else would pay for you.
A steady income is almost more important than the balance, since it shows your integration into the local economy.

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How much money do you need in your bank account for a Schengen Visa?

If you do not have accommodation or you want to stay in hotel 120 \u20ac (or 148 $) /day. in case the applicant proofs cheaper forms of accommodation the amount decreases to 32.25\u20ac (or 40 $) / day. Ify you are interested to the other countries: Most country gives the amount in their own currency.

Can I get Schengen Visa without bank statement?

For those on company travel / spouses / children / dependents who do not have their personal bank statements, he / she sponsoring the trip must submit their original bank statements along with a letter stating the same.

How much money do you need to show for a tourist visa?

A receipt showing payment of your US$160 non-refundable nonimmigrant visa application processing fee, paid in local currency.

How much is a Schengen Visa for Hungary?

The standard Hungarian Schengen visa fee for an adult is 80 Euros.

How much Bank Balance is required for Schengen Visa ?#schengen_visa

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