Money borrowed in bank account one month before applying for Schengen Visa
I borrowed a considerable amount from my friend before applying to Schengen visa. How can I explain it in my visa application cover letter about it? What if I return it back to my friend and then get a bank statement would it will be fine?
I made a mistake by getting money in my account, how can I get myself out of this situation?
Best Answer
Have a look at this excellent answer about demonstrating your general financial standing Should I submit bank statements when applying for a UK Visa? What do they say about me? If you did not need the loan from your friend to satisfy these points then possibly providing an explanation about the loan will suffice. If not, then your best option would be to wait until your financial history is ‘clean’ before applying for a visa. Having your brother as a sponsor does not guarantee that your application will be approved - you will still need to demonstrate your financial standing.
Pictures about "Money borrowed in bank account one month before applying for Schengen Visa"
How much bank balance do I have to show for a Schengen Visa?
Bank statement \u2013 this needs to show a minimum balance of \u20ac3000 over the last 6 months. If you do not have this amount in your bank, you could show a family member's/guardian's statement instead, with an accompanying letter stating that they are sponsoring your travel and stay.How old should be the bank statement for Schengen Visa?
You must show evidence that you will be able to financially maintain yourself during your stay in the Schengen territory. You should be able to prove that through a bank statement of the past three months, which must not be older than three days.How do I prove sufficient funds for visa?
How do I prove that I have enough money to travel? It's simple: Get a bank certificate or bank statement or both. A bank certificate is usually a one-page document that certifies that you have an account with that branch. Often, the latest available balance is indicated.Why do Schengen visas get rejected?
Your Schengen visa will be denied if the authorities believe you cannot afford your travel and living expenses in the Schengen area. In order for you visa application to be successful, you must successfully demonstrate that you can afford food, housing, travel, and all other costs associated with their trip.How much Bank Balance is required for Schengen Visa ?#schengen_visa
Sources: Stack Exchange - This article follows the attribution requirements of Stack Exchange and is licensed under CC BY-SA 3.0.
Images: Dom J, Karolina Grabowska, Karolina Grabowska, Matthias Groeneveld