Show Money For Your Visa Applications - How Much Money Do You Need? (2022)

Do you really need a SHOW MONEY for Visa Applications? How much money should you have in your Bank Account to get your approved Tourist Visa in the USA, Schengen, Australia, Canada and etc? Here’s our Guide for Filipino Travelers!

Show Money For Your Visa Applications - How Much Money Do You Need? (1)

YOU DON’T HAVE TO BE A MILLIONAIRE TO TRAVEL THE WORLD! I have visited a total of 100 countries across all 7 continents-- and I’m not a millionaire. I really wish I was. Haha! To tell you frankly, I’m far from being one. Jon and I love traveling so much that we started as broke backpackers-- we managed to do things like cleaning bathrooms in Peru just so we can get free accommodations. We also worked as teachers in Vietnam and as a masseuse so we can finance our travel.

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So do we really need a ‘show money’ to show our financial capacity? And to answer you frankly, YES. You need it unless you’re a minor. One of the most common requirements for visa applications is your financial capability aka show money to prove that you can finance your trip. This could include bank statements, bank certificate, Income Tax Return, etc. Kailangan ma prove mo na afford mo mag travel teh! Pero what if wala kang ganun kalaking halaga? Nganga nalang ba mamshie??

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People always ask me ‘how much should I really have in my bank account?’ I’m here to answer that question and give you other tips on how you can prove your financial capability without having hundreds of thousands in your bank account :)

1) STICK TO WHAT YOU SAY YOU ARE

By asking for your documents which prove your financial capacity, they want to know that 1. You can finance your trip; 2. You’re not going to overstay/work illegally in their country, AND 3. What you’re saying in your visa application form is true.

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(Video) Let's Talk about Show Money for Visa Application

If you tell them you’re a student or you’re a minimum wage earner, you can’t have half a million pesos in your bank account. If you tell them you’re the CEO of a company, then it would be weird if you only have 20,000 pesos in it, right? Be true to what you say you are. Magpakatotoo tayo!

2) SHOW THAT YOU HAVE A STEADY SOURCE OF INCOME

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This is the most important thing-- you should prove that you have a STEADY SOURCE OF INCOME be it in the form of monthly salary, business income, rental income, etc. Which is the usual reason why a 6-month bank account is necessary!

When you have this, they will think na you have a stable job and a stable income so why the heck would you want to work illegally in another country?? This likewise proves your deep rootedness or ties in the Philippines-- instant 10 pogi points to! :)

Panu kapag freelancer ka lang? Show them your paypal account or yung transaction sa website nyu!

Panu kapag "under-the-table" ang income? Read our Tip #6! =)

3) FUND TRANSFER SCHEME. YAY OR NAY?

I don’t recommend this at all! Lugi ka pa sa tubo.. and hindi pwedeng isang bagsakan.. it should stay on your bank account for 6 months!

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I know a lot of people resort to borrowing money so they can put it in their bank account to be able to comply with this visa requirement. But I understand na hindi lahat ng tao ay pinanganak na mayaman at hindi lahat ng tao ay may the stable source of income. So if you’re planning to do this, here’s my tip: WAG KANG OBVIOUS!!

Magpaka discreet tayo mga besh. Ayaw natin ipahalata sa mga crush natin na bet natin sila diba kasi baka maging awkward at lumayo si crush?? Don’t deposit everything all at once. This is the most common mistake that people do. If you do this, the Consulate Officers will definitely wonder what you’re up to and why you have such huge amount of money. Being trained to know how to determine the red flags, they know for sure that you did it for your visa approval. So eto: hinay hinay lang sa pagde deposit. Okay? Dahan dahan lang sabi nga sa kanta ni Maja Salvador. Haha. Maybe 5,000-20,000 a month depending on your source of income and the country you’re going to? Keri na yan!

(Video) SHOW MONEY FOR VISA APPLICATION • Magkano Dapat para Ma-approve? (Filipino w/ English Sub)

NOTE: Always keep the receipt of your bank statement/bank certificate. They usually ask for this too!

4) OPEN YOUR BANK ACCOUNT ASAP

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I believe that since you are reading this, you really have any intention of traveling to another country. Some of you might not have a bank account yet so I’m writing it for the benefit of those people. You might ask how soon is ASAP? The embassies usually ask for your bank statement and bank certificate for the last 3 or 6 months from the date of your application. So you have to open a bank account around that time.

5) YOU SHOULD HAVE ENOUGH MONEY TO COVER YOUR LIVING OR TRAVEL EXPENSES

Now here comes the answer to the most asked question-- ‘How much money should I have in my bank account?’ Good news is some countries are straightforward in how much you should have. This is usually equal to the ‘living expenses’ that you’re going to incur in their country while you’re staying there. For example:

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  • Netherlands – 34 Euros/day.

  • Germany – 45 Euros/day.

  • New Zealand - NZD 1,000/month or NZD 400 if you have already paid for your accommodation.

  • Turkey - 50 USD/day.

  • Croatia- 70 Euros/day or 30 Euros/day if you are in possession of proof of paid tour package or similar document.

While some embassies don’t give an exact amount, here is an estimate of how much you should need for some other countries:

  • Canada- At least 200 CAD/day plus flight and accommodation expenses.

  • Korea- At least 50,000 Php but I know people who have less than that but still got approved.

    (Video) How much show money needed for an Australian tourist visa application?

  • France- More or less 60 Euros/day but you can have less if you have a sponsor

  • Greece- More or less 25 Euros/day

  • Spain- 60 Euros/day

Other than that, you have to make an estimate/make a research on how much their living expenses are. Make sure to add some more to cover your flight and accommodation expense if you haven’t paid for it yet.

RELATED ARTICLES: Read all of our VISA APPLICATION GUIDES here.

6) AN INCOME TAX RETURN IS USUALLY THE REAL DEAL-- BUT WHAT IF YOU DON’T HAVE IT?

Don’t worry. Hindi dito nagtatapos ang laban! May pag-asa pa tayo, mga kababayan! If you don’t have an ITR, here are some ways to show your financial capacity:

1. For OFWs - Just submit your work contract. OFWs are exempted from tax in the Philippines so you don’t need it when you’re applying for a visa.

2. Affidavit of Support- This is a legal document made by a person who is willing to finance your trip be it your parents, your employer, etc. which states that he/she will be the one paying for your trip. If you do this, you have to show your sponsor’s financial capacity.

3. Rent Income- If you’re yayamanin and you have a property being rented out, then you can include the Contract of Lease as well as payment receipts.

4. PayPal Transactions and Certificate of Employment- Some Digital Nomads fail to register with the BIR when they should do so. If you’re one of them, then you can prove your source of income with a screenshot of your payment history with PayPal. This is what we usually do. You can also ask your employer for a Certificate of Employment if you’re working online.

5. Credit Card Transactions- This could show that you have the capacity to buy and the capacity to pay for them on time. You may also show your credit card limit. But please do this only when you have a good credit standing with your bank.

6. Land/Condominium Titles, Investments, Car Registration, Business Permits, Business Permits for Entrepreneurs- While this doesn’t prove any source of income, it could prove your deep rootedness and ties in the Philippines. You can submit this in addition to your Bank Statement/Bank Certificate.

7. Enrollment Certificate for Students, Leave of Absence (if applicable), a copy of School ID, etc.- - For students, I suggest that you get your parents as a sponsor and submit their Affidavit of Support together with their financial documents.

7) SAVE UP!

Kung gusto, may paraan! That is what I always tell myself and other people. If you really want to travel, then you should do things to be able to save it.

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1. BE PRACTICAL. Capslock para intense because I need to stress it that much. Ditch that 150 Php cup of coffee. Stop paying 100-800 Php a day for your daily taxi (Yes I know a lot of people who use Grab or Uber who pays THAT much when there is a surge!) and just take the jeepney, bus, and the MRT/LRT-- not only will you go faster (assuming the MRT won’t break down), you’ll reduce your carbon footprint too!

2. Wait for a Seat Sale. This is for all the abangers out there! You can fly to Japan, Dubai, South Korea, or Bali for as low as 1,500 when there is a seat sale. Really! Just subscribe to airlines’ newsletter, sign up for their membership and get the first dibs on when their seat sale is. (Sometimes, you even get a 24-hour priority booking)

Read More: Our Guide on Refundable Flight Reservation

(Video) PROOF OF FUNDS CANADA VISITOR VISA. Show money bank statements 2022

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3. Stay in hostels. You can get a bunk bed in hostels around Asia for as low as 150 Php and this is not a drill. I even wrote a lot of articles which feature the best hostels around the world. So if you really don’t have much, stay at a hostel instead. Not only will you be able to save, you’ll meet a lot of other travelers too!

Read more: Our guide on Booking for Refundable Hotel Reservations

Show Money For Your Visa Applications - How Much Money Do You Need? (13)

I hope I have answered all your questions in this post. Feel free to send me questions and I’d get back to you as soon as I can. For more practical tips, here are 50 Tips On How You Can Travel the World If You Don't Have Money

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(Video) CANADA VISITOR VISA PROOF OF FUNDS - Show money - proof of funds - bank statements for visitor visa

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FAQs

How do I prove sufficient funds for visa? ›

The only recognized way to prove your financial sufficiency are recent bank account statements during the last three months. Attention, bank statements must show the name and address of the owner. The embassies cannot accept Travel Money Cards or cash as proof of sufficient funds.

How much show money do I need for US tourist visa? ›

How much money do I need to show for US Tourist Visa? Officially, there is no limit for the money to be shown for the US Tourist Visa. Any amount that can validate the overall expenses for your US trip must be adequate. This includes to and fro air tickets, medical insurance, boarding, lodging, shopping, etc.

How much bank balance is required for visitor visa? ›

How much bank balance should you have for applying to the US tourist visa? The amount of bank balance you should have for applying to the US tourist visa depends on the duration. If it is a 15-day trip, you must have $ 5,000-10,000 in your bank.

How much money do I need to show in my bank account for UK visa? ›

You must submit 6 months of bank statements that clearly show your monthly salary and financial commitments. There must not be any large deposits of cash other than your salary. Total savings must be at least twice your proposed UK trip expenses.

What is proof of sufficient funds? ›

Proof of Funds is a document that demonstrates how much money a person or entity has available. When purchasing a home, you may need a POF to show the seller that you can cover the purchase costs of a home. Remember that purchase costs can include the down payment, escrow and closing costs.

Can embassy check your bank account? ›

If you submit a bank statement for a visa purpose, can the embassy counter-check the balance with the bank? Yes they can and they will check the balance.

How do you increase your chances of getting a US visa? ›

U.S. Tourist Visa: How to Make your Chances of Approval Higher
  1. Employment. Having a job in your home country will not guarantee to have your visa issued. ...
  2. Family Obligation. ...
  3. Property and Personal Asset. ...
  4. Community Involvement. ...
  5. Travel History.

How much bank balance is required for US b2 visa? ›

There are no rules for any minimum balance requirement for your bank account, people's experiences say that somewhere between 5 to 10K$ is enough to show.

How many months bank statement is required for US visa? ›

Ans. You are required to show at least 3-9 months of bank statements to get hold of a US student visa.

How do I keep my bank statement for visa? ›

the statement must have the required end balance. the statement should be printed on bank letterhead and duly signed and stamped by the competent bank authorities. It must show the account number and other details.

How much funds do I need to show for a UK tourist visa if I have a sponsor there to accommodate me? ›

There is no set level of funds you need to show. You must show that you have enough money to support yourself and pay for your accommodation in the UK. This means that after accommodation, you must have at least the same amount of income or funds as you would if you were receiving income support.

Can I use my father bank statement for visa? ›

You can use your bank statements or your parents' / legal guardian's statements. If you don't have a statement, you can ask the bank to print one for you - make sure that each page is on headed paper and has your name and account details. You can also print an online statement and ask the bank to stamp each page.

How is proof of funds calculated UK? ›

The bank statement(s) or evidence you use to show funds have been held for 28 days must be from the 31 days before you submit your application. The 28 days is calculated by counting back from the date of the closing balance on the most recent financial evidence.

What is the 28 day rule UK visa? ›

During the 28-day period this money cannot drop below the required amount for even 1 day or you will not meet the Home Office requirements and your application will be refused. 28 days will be counted back from the closing balance and the closing balance cannot be more than 31 days old on the date of application.

How strict is UK visa? ›

UK visa application is the most strict and highly scrutinized visa process. The UK Visas and Immigration receives thousands of visa applications every year that do not meet visa requirements. Once you have a UK visa refusal, it remains permanently in the records of the UK Home Office.

How do you show financial capacity? ›

Evidence of financial ability includes but is not limited to:
  1. Family bank statements.
  2. Documentation from a sponsor.
  3. Financial aid letters.
  4. Scholarship letters.
  5. Letter from an employer showing annual salary.

How much cash do you need to enter USA? ›

International travelers entering the United States must declare if they are carrying currency or monetary instruments in a combined amount over $10,000 on their Customs Declaration Form (CBP Form 6059B) and then file a FinCEN Form 105.

How much money is required to go to USA? ›

According to Budget Your Trip, the average cost of a one-week trip to the United States for one person is US$1567. Considering your daily budget, a one-week trip to the US should cost: Low budget: US$550-1000 per person. Mid-range budget: US$1500 per person.

Do visa officers check social media? ›

Applicants must provide the social media accounts and usernames that they have used in the last five years. For example, they would need to provide this information for any Facebook, Twitter, and Instagram accounts that they hold. However, they do not need to provide passwords for these accounts.

Why do embassies ask for bank statement? ›

The importance of a bank statement for visa application is to convince the embassy that you are financially strong to travel abroad. Having an amount in your account that does not correlate well might get you into trouble. The source of your income can either grant or deny you a visa.

Can I get visa if I have loan? ›

Can credit card or personal loan debt affect my visa application? No, if you have outstanding debts in the form of credit cards or personal loans, there is no reason for this alone to negatively affect your visa application.

What can cause a visa to be denied? ›

An applicant's current and/or past actions, such as drug or criminal activities, as examples, may make the applicant ineligible for a visa. If denied a visa, in most cases the applicant is notified of the section of law which applies.

Which is the easiest visa to get? ›

E-Visa for Indians : Countries That Offer Easy Visa for Indians
  • Singapore. A beautiful concrete jungle, Singapore is amongst the most expensive cities in the world, yet the easiest to travel to for Indians. ...
  • Vietnam. ...
  • Turkey. ...
  • Cambodia. ...
  • Oman. ...
  • Myanmar. ...
  • Malaysia. ...
  • Laos.

What do I need for B1 B2 visa interview? ›

In this case, make sure you have these items for the interview:
  1. Confirmation of your meeting (you will have it when you schedule the interview).
  2. A letter declaring the reasons for your trip.
  3. Proof of financial support while in the US.
  4. Proof you have strong local ties, such as your family, a job, among others.
14 Jul 2022

Is it hard to get a US tourist visa? ›

Although the application process for a visitor visa is fairly simple, successfully obtaining it is harder than you might expect. The U.S. State Department, via its consulates around the world, denies a surprising number of visitor visa applications.

What documents should I carry for US visa interview? ›

Passport – For each applicant, an unexpired passport valid for six months beyond the intended date of entry into the United States. Photographs – two identical color photograph(s) for each applicant, which must meet the general Photograph Requirements. DS-260 Confirmation Page.

Which bank statement is required for US visa? ›

Bank statement of last 6 months with sufficient balance; updated and attested. Income Tax Returns/Form 16 for last 3 years. Travel Itinerary explaining the trip.

Can I use online bank statement for visa application? ›

Yes. However, the e-bank statement will have to hold an original stamp from your bank to confirm the authenticity of the document and has to show the name of the account holder.

How are bank statements verified? ›

During the bank statement verification process, a lender analyzes the financial documents that summarize your banking activity. Your bank may send these electronically or by snail mail. The lender will verify information like your deposit history, regular withdrawals, and your current account balance.

How much bank balance is required for US student visa? ›

Cost. While there are no rules requiring a minimum bank balance to apply for a student visa for the USA from India, it costs approximately $500 USD to obtain your F-1 student visa.

Does the embassy call the employer? ›

Q: Does the embassy call the employer to verify if the person works in a company for a visa application? A: Sometimes they do. The embassy can check any or all information provided in your application. If your visa application is all true then nothing to worry.

Can UK Immigration check your bank account? ›

The UKVI will check your bank statement for the minimum balance in your account for the 28 days preceding the closing balance of the statement. You must have a recent document from the bank that is dated within 31 days of the day you submit your online visa application.

How many months bank statement do I need for UK student visa? ›

The funds in your bank account must be available for 28 consecutive days and must not fall below the required amount during these 28 days. The statement cannot be older than 31 days when you submit your visa application. The bank statement should: be on official stationary or an electronic record.

What is the total amount of money you spend each month UK visa? ›

How much money are you personally planning to spend on your visit to the UK? – For a 6 months visit it's safe to assume that the total cost will be £4000 – £5000. Even if you are sponsoring the whole amount as they have some savings, they personally can plan to spend one-fourth or one-fifth.

What happens if you don't have a bank statement for a visa? ›

A Cover letter or a Letter of explanation may help you in your Visa Application. You can place in that letter your explanation as to why your requirements are lacking; especially bank accounts, why this certain person is sponsoring you, why you want to go to visit this country.

How much is bank statement for visa? ›

The non immigrant US visa application DS-160 has a fee of $160 and you will need to provide proof that you have made the payment when you attend your interview at the US embassy.

How much money do I need to sponsor a visitor to UK? ›

A sponsor fortunate enough to rely on cash savings must have a great deal more than the £18,600 minimum. As the requirement is to show income of £18,600 per year, an applicant using cash savings must show this amount is available for the full duration of the visa (2.5 years).

Is 3 months bank statement enough for UK visit visa? ›

You'll need to provide evidence that you can support yourself and any dependants for example using bank statements or payslips (usually for the last 3 months).

Which bank statement is required for visa? ›

The bank statement should be printed on the letterhead of the bank and duly signed and stamped by the bank official authorities. The statement must display the bank account number, applicant's address and other details of the applicant for verification purpose.

Is online bank statement valid for visa? ›

Yes. However, the e-bank statement will have to hold an original stamp from your bank to confirm the authenticity of the document and has to show the name of the account holder.

How is proof of funds calculated UK? ›

To show financial proof of living and studying in the UK, each applicant must show financial capacity to cover:
  1. Tuition fees (for one academic year)* 1st year's fees or full course fees if the course is less than 1 year. ...
  2. Living expenses (for 9 months)*

How much money do you need to sponsor someone in UK? ›

You and your partner must have a combined income of at least £18,600 a year if: you're applying as a partner. you want to settle in the UK (get 'indefinite leave to remain') within 5 years.

Can UK Immigration check your bank account? ›

The UKVI will check your bank statement for the minimum balance in your account for the 28 days preceding the closing balance of the statement. You must have a recent document from the bank that is dated within 31 days of the day you submit your online visa application.

How many months bank statement do I need for UK student visa? ›

Bank or building society statements must cover a 28-day period ending no more than 31 days before the date of your application.

What happens if you don't have a bank statement for a visa? ›

A Cover letter or a Letter of explanation may help you in your Visa Application. You can place in that letter your explanation as to why your requirements are lacking; especially bank accounts, why this certain person is sponsoring you, why you want to go to visit this country.

Do visa officers check social media? ›

Applicants must provide the social media accounts and usernames that they have used in the last five years. For example, they would need to provide this information for any Facebook, Twitter, and Instagram accounts that they hold. However, they do not need to provide passwords for these accounts.

How many months bank statement is needed for US visa application? ›

Supporting Documents:

Bank statement of last 6 months with sufficient balance; updated and attested. Income Tax Returns/Form 16 for last 3 years. Travel Itinerary explaining the trip. Leave sanctioned certificate, Last 3 months salary slip, Company Visiting card (If employed)

How many months banks statement do I need to give to the embassy? ›

the required money must have been in the bank account for a consecutive 28 day period. bank statements must cover 28 days (and printed no more than 31 days before the date of your application). You can use your bank statements or your parents' / legal guardian's statements.

Can I use my father bank statement for visa? ›

You may need to use bank statements from your parent(s) or legal guardian(s) as evidence that you have the required funds – your course fees and living expenses. You cannot use bank statements or financial documents from friends or any other relatives.

How much money do you need to show for Schengen visa? ›

Bank statement – this needs to show a minimum balance of €3000 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.

What is the total amount of money you spend each month UK visa? ›

How much money are you personally planning to spend on your visit to the UK? – For a 6 months visit it's safe to assume that the total cost will be £4000 – £5000. Even if you are sponsoring the whole amount as they have some savings, they personally can plan to spend one-fourth or one-fifth.

How much is a UK visa 2022? ›

Start-up – main applicant and dependants – £378. Global Talent – main applicant – where Approval Letter is required – £167. Global Talent – main applicant – where Approval Letter is not required – £623. Global Talent – dependants only – £623.

How strict is UK visa? ›

UK visa application is the most strict and highly scrutinized visa process. The UK Visas and Immigration receives thousands of visa applications every year that do not meet visa requirements. Once you have a UK visa refusal, it remains permanently in the records of the UK Home Office.

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