What is the minimum bank balance for getting a Schengen visa?
I won a contest to visit Belgium and the Netherlands for a week from India. The accommodation and travel is paid by the company.
They have asked for my income tax returns and bank statements along with my passport for the visa application. I have a bank account I regularly use, but I collect my pay in cash, as I work in a non-profit firm. I do use the account regularly, but only when I need to buy something online, for example.
Right now I have a balance of about €2000 in my bank account. Is that sufficient for visa approval? Do they need my paychecks to be reflected in my bank statement?
Best Answer
As far as the financial means requirement is concerned, each country submitted guidelines to the EU commission. For Belgium you need either EUR 45 or EUR 95 per day (depending on accommodation) and for the Netherlands, it's EUR 34.
If you are invited by a company paying for your accommodation, these amounts might be reduced but you might need to submit something to document this invitation (what you need to submit depends on the country, some countries have standard forms and procedures for that).
Your paychecks might however still be useful for two reasons. They establish you have a job in India to come back to and they explain how you could have gotten EUR 2000. Both of these are important to show that you are really coming for a visit and are not likely to try to immigrate illegally in the EU.
Pictures about "What is the minimum bank balance for getting a Schengen visa?"
How much bank balance do I need for 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 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.Which is the easiest Schengen country to get a visa?
Let us now have a look at the top 10 easiest Schengen to get a visa based on 2020 statistics- Belgium: ...
- Germany: ...
- Luxembourg: ...
- Switzerland: ...
- Denmark: ...
- Sweden: ...
- Iceland: ...
- Finland: Finland is known as the world's happiest country, where you will find Santa's hometown.
How much bank balance is required for Switzerland tourist visa?
You must have at least 100 CHF or \u20ac92.34 per day for every day you spend in Switzerland. If you are a student, the amount is lowered to 30 CHF or \u20ac27.70 a day.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: Monstera, Alexander Mils, Dom J, Tima Miroshnichenko