Are you planning to travel to Europe anytime soon? If yes, then you must be aware of the Schengen visa requirements. One of the most important requirements is to show proof of sufficient financial means to support your stay in Europe. In this article, we will discuss the minimum balance required for Schengen visa and how to prove your financial stability.
What is Schengen Visa?
The Schengen visa is a visa that allows visitors to travel within the Schengen area without any additional passport control. The Schengen area includes 26 European countries, including Austria, Belgium, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Slovakia, Slovenia, Spain, Sweden, and Switzerland.
Minimum Balance Required for Schengen Visa
As per Schengen visa requirements, you must show proof of sufficient funds to support your stay in the Schengen area. The minimum balance required varies from country to country and also depends on the duration of your stay. As a general rule, you should have at least €65 per day for your entire stay in the Schengen area.
For example, if you are planning to stay in the Schengen area for 10 days, then you must show proof of at least €650 in your bank account. However, some countries may require a higher minimum balance, especially if you are planning to stay for a longer duration.
How to Prove Your Financial Stability
Now that you know the minimum balance required for Schengen visa, the next step is to prove your financial stability. Here are some ways to show proof of sufficient funds:
- Bank statements: You can provide your bank statements for the last three to six months to show that you have enough funds to support your stay in the Schengen area.
- Sponsorship letter: If someone is sponsoring your trip, then they can provide a sponsorship letter and their bank statements to show proof of sufficient funds.
- Credit card statement: You can also provide your credit card statement to show that you have enough credit limit to support your stay in the Schengen area.
- Cash: If you are carrying cash, then you must declare it at the port of entry and also show proof of how you obtained the cash.
It is important to note that you must provide original documents and not photocopies. Also, the documents must be in English or translated into the language of the Schengen country where you are applying for the visa.
Conclusion
To summarize, the minimum balance required for Schengen visa is €65 per day for your entire stay in the Schengen area. You must show proof of sufficient funds to support your stay in the Schengen area. The easiest way to prove your financial stability is by providing your bank statements for the last three to six months. Make sure to provide original documents and get them translated if required. With sufficient funds and proper documentation, you can enjoy your European adventure without any worries!
