Minimum Bank Balance for Schengen Visa
You are going to apply for a visa and want to know the minimum bank balance for Schengen Visa. Well, we have answered your query with a complete explanation in this blog. If you follow our instructions, no confusion will be left regarding the bank statement and show money.
However, no specific limit for minimum bank balance is described by any Schengen country yet you have to maintain your bank statement wisely. Visa/immigration officers assess your financial position both from your closing balance and transactions. Suppose that you attach a bank statement showing a 1 million balance but no regular transactions. It will weaken your case instead of empowering. You need regular transactions to prove your business activity. Otherwise, the visa officer can guess that you have borrowed funds from somewhere to get a heavy statement.
Now again the question stands, what would be the minimum bank balance for Schengen Visa. Here we can advise you, it must be the double expenditure required for your trip, at least. The average daily expense of a visitor is 60 to 80 Euro per day in a Schengen country. If you have planned a 15 days’ trip, multiply it to 15 and then to the number of persons going with you. Remember that the dues of the hotel and air ticket have already been paid.
Alternate of Minimum Bank Balance for Schengen Visa
If your bank statement is showing less balance, you can show your credit cards and mutual fund certificates, etc. If the statement is indicating a regular income and the source stated in your documents, it is sufficient and acceptable for the consular section. It is the alternative of minimum bank balance for Schengen Visa.
Keep it in your mind, you have to justify every point written in a visa form and covering letter by you. The visa officer has an idea of your income according to your profession. Don’t try to mislead him, prepare and present your case honestly. He has the right to reject your visa case in case of any doubt.
What to do in case of less income?
You should select a Schengen country with less inflation to meet the limit of minimum bank balance. You also can keep your tour plane shorter for this purpose.
In both cases, you are not bound to act the same. The Schengen visa allows you to enter any Schengen country by choice. In the same way, you can spend more days than that plane submitted with your visa application. It is totally a legal act.