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Planning to go on an international trip in the coming time? Well, before you get your bags packed for your holiday, it’s important to understand that your bank balance should be enough to afford your travel.
It can directly affect your chances of getting a visa as most countries require travellers to prove they have sufficient funds.Your bank account is inspected carefully. The amount should be enough to cover your international travel expenses and ensure you return home after your journey. The whole process involves submitting all required financial documents, which includes recent bank statements, salary slips, and travel itineraries.
It is all a part of your visa application.These documents are then carefully checked by immigration officials at the visa office. If your documentation is strong and you have valid travel insurance, the chances of getting your visa approved can increase your visa approval chances. Different countries have different minimum balance expectations, which is often based on the duration and nature and purpose of your travel.
Here’s an updated list of how much money is generally recommended in your account country wise distribution:Canada (Visitor Visa)Bank Balance: CAD 5,000 to 10,000 (INR 3 to INR 6 lakh) for a 2 to 4 weeks trip.Documents: 3–6 months of bank statement, travel itinerary, accommodation proof, and invitation letters (if applicable).Australia (Visitor Visa)Bank Balance: $5,000 to $10,000 (INR 2.5 to INR 5 lakh) for a 2 to 4 weeks trip.Documents: 3–6 months of bank slips, salary statement, IT returns, travel itinerary, and sponsor info (if applicable).Germany (Schengen Visa)
Bank Balance: €100–120 per day (INR 9,000–INR 11,000); total INR 1.5 to INR 2 lakh for 15 days trip.Documents: 3–6 months of bank slips, hotel bookings, return flight tickets, and travel insurance coverage of €30,000 (INR 29,95,110).Spain (Schengen Visa)Bank Balance: Around €100 (₹9,000) per day, with a minimum of €900 (₹81,000).Documents: 3–6 months of bank slips, credit card statements, accommodation proof, return flight tickets, employment proof, and travel insurance worth €30,000 (INR 29,95,110).France (Schengen Visa)Bank Balance: €100–120 per day (INR 9,000–INR 11,000); INR 1.5 to INR 2 lakh for 15 days travel.Documents: 3 months of bank slips, credit card statements, hotel bookings, invitation letters (if relevant), proof of employment, and travel insurance of €30,000 (INR 29,95,110).Sri Lanka (ETA – Electronic Travel Authorisation)Bank Balance: $1,000 to $2,000 (INR 80,000 to INR 1.6 lakh) for 15–30 days trip.Documents: Bank/credit card statements, return tickets, hotel bookings, and a valid passportUnited States (B1/B2 Tourist Visa)
Bank Balance: $6,000 to $10,000 (INR 5 to INR 8 lakh) for a 15–20 day trip.Documents: 6 months bank statements, salary slips, IT returns, and a detailed travel itinerary.So, now you know how important is your bank balance when applying for a visa.