Schengen requirement for bank balance- throughout 3 month period or closing balance?
I am travelling with my sister to the Netherlands, but she is applying through the Spanish consulate in London because she will be travelling to Spain after Amsterdam and that's her main destination as she will be there for one more day than the Netherlands.
There is a requirement that £724 balance must show in her account. I wanted to know whether this means that the balance should not have been lower than £724 at any point in the previous three months, or whether the £724 needs to be the closing balance.
In February and March she had very low balance, but from September to January and again in April, she has had a good balance. She moved some more money from her savings into her current account in the UK and now has had more than £724 in there for about 2 weeks.
Could anyone advise whether the requirement is to maintain the funds for the entire period of the statements or the closing balance? The information on the internet is not very clear on this.
She has more money in savings but they ask for current accounts. For four out of six months, she had a good balance. March and February were low.
Best Answer
As stated in the comments its the closing balance that they will be looking at to ensure enough funds are there to cover your stay, but you should include all relevant statements.
As she has moved money from her savings into her 'current' account you need to show where that money has come from so it doesn't look like funds parking which can look suspicious and negatively impact your application. By also submitting the savings account information you can show that the transfer came from her own money, and it is available for her to use during your stay, so ensure to submit both for any relevant months.
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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.Is bank statement required 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.Can I go to Europe for more than 3 months?
The 90-Day Limit Once you are allowed to enter the Schengen Area \u2014 with just your passport or with a short-term visa \u2014 you are ONLY permitted to stay for 3 months (90 days) in any 6 month period (180 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.How much Bank Balance is required for Schengen Visa ?#schengen_visa
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