fb-pixel

Schengen Visa Minimum Bank Balance Guide: Key Requirements

Last Updated : 20-Dec-2023

Atlys in the news

Atlys featured inAtlys featured inAtlys featured inAtlys featured in

30 seconds summary

You must show proof to ensure you have a minimum bank balance required for Schengen visas. Here's what you might have to provide for the Schengen financial requirements:

    Bank Statements

    Proof of Accommodation

    Prepaid Travel Services

    Sponsorship Letter (if applicable)

    Employment Verification (if applicable)

The required amount can vary depending on the Schengen country you plan to visit.

If you're planning a trip to Europe with a visa for Schengen. They want to see that you have enough money to ensure you're all set.

Why Is Minimum Bank Balance Important?

Proving you have enough money is super important when getting a Schengen visa. Here's why:

    Covering Your Costs: They want to be sure you can pay for everything - your stay, food, travel, and more. It's like showing you won't run out of money while there.

    Not Overstaying: By proving you have enough money, you're telling them, "Hey, I can handle my expenses, and I won't stay longer than I'm supposed to." It's like assuring them you won't overstay your welcome.

    Following the Rules: Every country has rules for how much money you should have to spend. Showing proof is like saying, "I know the rules, and I've got the cash I need."

It’s about ensuring you've got the funds to enjoy your trip and return home on time without any problems.

How Do I Show I Have Enough Money for a Schengen Visa?

To prove you've got enough money for a Schengen visa, you can use these documents:

    Bank statements: Your bank records show how much money you have.

    Proof of employment or income: Like a letter from your boss or your pay stubs.

    Tax returns: Documents that prove you've paid your taxes.

    Proof of property ownership: Show the papers if you own a house or land.

    Support from someone else: If someone's helping you financially, you can show that through a sponsorship letter.

    Travel insurance: A policy that covers you during your trip.

    Credit card statements: Records of your credit card transactions.

    Investment statements: Papers showing your investments.

    Pension statements: If you get a pension, show the proof.

    Booking confirmation for where you'll stay: Proof that you've already booked a place.

    Paid return tickets: Tickets showing you're planning to go back.

    Any other money-related papers: Anything else proving you can support yourself in the Schengen Area.

Minimum Bank Balance For Schengen Visas

When you apply for a Schengen visa, you must show that you have enough money to care for yourself in the Schengen area. Schengen countries have specific rules about how much money you should have. 

Additionally, the required bank balance for a Schengen visa, serving as proof of sufficient financial means, varies by country, ranging from a minimum of €14 to a maximum of €130 per day, depending on where you apply. 

Here are the minimum bank balances for Schengen visas according to the specific country.

INR values are subject to change based on the current exchange rate.

Means of Subsistence for Austria

Ensure your bank statement has at least €3000 for the last 6 months. But, if you can, it's even better to show more money—around INR 8 to 10 lakhs. This makes your Austria visa application look stronger.

Means of Subsistence for Belgium

The Belgium visa application wants you to prove you have at least €95 per day if you're staying in a hotel (and haven't paid for it yet) and €45 per day if you're staying in a cheaper place or have already paid for your hotel. You can prove this with a bank statement if you cover all the costs yourself.

Having around INR 8 to 10 lakhs in your account is a good idea. This makes your application stronger and increases your chances of getting a visa.

Means of Subsistence for the Czech Republic

You need to show you have enough money for a short-term visa to the Czech Republic. The rule is about 1,100 CZK or 42.50€ for each day you plan to stay. If you're staying for more than 30 days, you must also show 33,000 CZK or 1,274€, plus an extra 4,400 CZK or 170€ each month you're there.

But this is just the minimum. If you show you have more money, around INR 8 to 10 lakhs, it strengthens your visa application and increases your chances of getting approved.

Means of Subsistence for Denmark

To get a Schengen Denmark visa, they want you to have a certain amount of money. If you're staying in a hotel, you need about 500 DKK or 67.24€ per day. If you choose a cheaper place like a hostel, you can manage with 350 DKK or 47.07€ per day.

But you don't need as much money if you've already paid for your stay or someone else is covering it. Around INR 8 to 10 lakhs in your account make your Denmark visa application stronger and more likely to be approved.

Means of Subsistence for Estonia

According to the Ministry of Foreign Affairs of the Republic of Estonia, to get a Schengen visa for Estonia, you should have a minimum of €130.80 in your bank account for each day of your stay.

Means of Subsistence for Finland

To get a Schengen visa for Finland, you need to be able to spend at least €30 per day during your stay.

Means of Subsistence for France

The general financial requirement for a visa to France is €65 per day. However, this amount can change based on your accommodation:

    Staying with a family member or friend: €32.50 per day

    Hotel reservation: €65 per day

    Partial hotel reservation: €65 per day for reserved days, €120 per day for unreserved days

    No accommodation: €120 per day

Having around INR 8 to 10 lakhs in your account significantly improves your chances of getting your France visa approved.

Means of Subsistence for Germany

To get a Schengen visa for Germany, you generally need to show that you have at least €45 per day. Remember that the German embassy considers various factors like the length of stay, whether you're staying with friends or family, and the purpose of your visit.

Means of Subsistence for Greece

For a Schengen visa to Greece, if you're staying for five days, you need at least € 300 in your bank account. If your stay is over five days, you need an extra €50 for each additional day. If you're a minor, these amounts are cut in half.

Means of Subsistence for Hungary

To get a Hungary visa, you need a minimum of 10,000 HUF or €24 per day. This is just a reference, though. If you can prove you have more money for your time in Hungary, your chances of getting the visa are higher.

Means of Subsistence for Iceland

If you want an Iceland Schengen visa, you must prove you have at least ISK 8000 or €56 per day. If someone else is sponsoring you, this amount is cut in half to ISK 4000 or €28 per day. Generally, you need a minimum of ISK 40,000 or €280 for your stay.

Means of Subsistence for Italy

According to the Ministry of Foreign Affairs and International Cooperation of Italy, when you apply for an Italian visa, you must show you have enough money for your stay. Here are the minimum amounts required:

    Up to five days: €269.60 per person or €212.81 per person if you're in a group of two or more.

    Six to 10 days: €44.93 per person per day or €26.33 per person per day if you're in a group of two or more.

    11-20 days: €51.64 per person plus €36.67 per day or €25.82 per person plus €22.21 per day if you're in a group of two or more.

    Over 20 days: €206.58 per person plus €27.89 per day or €118.79 per person plus €17.04 per day if you're in a group of two or more.

Ensure you have these amounts available during your stay in Italy to prove you can afford it.

Means of Subsistence for Latvia

To visit and stay in Latvia, you must show that you have enough money, as the law requires. You should have at least €14 for each day you plan to stay. This helps make sure you can take care of yourself during your visit.

Means of Subsistence for Lithuania

According to the Minister of the Interior and the Minister of Foreign Affairs, you must have a minimum of €40 per day during your stay in the country to obtain a visa for Lithuania. You must also prove that you have enough financial means to return to your home country, i.e., purchase a return ticket.

Means of Subsistence for Liechtenstein

If you are shouldering the costs of your visit to Liechtenstein, you must prove you have at least CHF 100 per day or €100 in your bank account when you apply for a Liechtenstein visa.

Means of Subsistence for Luxembourg

People from countries outside the European Union need to show they have about €67 per day for the entire planned stay. This proves they have enough personal funds to cover their visit, return home, or travel abroad.

Means of Subsistence for Malta

According to Malta's foreign representative offices, if you want to get a Schengen visa for Malta, you must have at least €48 per day. Remember that you might need more money in Malta, especially if you plan to do expensive activities.

Means of Subsistence for Norway

When applying for a visa to Norway, you must show evidence of a bank balance of at least 500 NOK or €43.33 per day for your entire stay in Norway. If you don't meet these financial requirements, Norwegian authorities may refuse your entry into the country.

Means of Subsistence for the Netherlands

You must have a certain amount of money each day for a visa to the Netherlands. If you're staying with someone, it's € 32.50 per day. If you've booked a complete hotel stay, it's €65 per day.

But, if you've only booked part of your hotel stay, you need EUR 65 for the days you've reserved and € 120 for the days you haven't. If you don't have any accommodation booked, you'll need € 120 daily.

Means of Subsistence for Poland

To get a visa to Poland for a stay of up to 3 days, you must show a minimum of PLN 300 or €62 for the entire stay. If you plan to stay longer than three days, you must provide at least PLN 75 or €15 for each day of your stay.

If you are visiting Poland for specific reasons, like being part of a youth camp, a tourist or a sports event, or if someone else is covering your costs, you must show at least PLN 20 or €4.19 daily.

Means of Subsistence for Portugal

To get a Portugal Schengen visa, you must show that you have at least €40 daily in the country or a minimum of €75 each time you enter.

Note: If you can prove that your accommodation and food are covered during your stay in Portugal, you might not have to pay these amounts.

Means of Subsistence for Slovakia

To get a Schengen visa for Slovakia, show you have at least €56 to spend per day. According to the Slovak Ministry of the Interior, this amount covers accommodation (€30), food expenses (€19), and spending money (€7).

Means of Subsistence for Slovenia

For a Schengen visa to Slovenia, you must prove you have a minimum of €70 to spend daily during your stay. If you're a minor, this amount is halved to €35.

Means of Subsistence for Spain

The money you need to present to a Spanish embassy or consulate for your Spain visa is regulated by the Ministry of the Presidency of Spain (PRE/1282/2007). It is set at a minimum of €100 per day, with a minimum of €900 per person regardless of the intended duration of the stay.

Means of Subsistence for Sweden

According to the Immigration Authorities in Sweden, all foreigners who want to enter the country with a Sweden visa must show proof that they have a minimum of SEK 450 or €41 to spend per day for their stay.

Means of Subsistence for Switzerland

For a Switzerland Schengen visa, they want you to show you have at least 100 CHF or €92.34 for each day you plan to stay. But keep in mind that this is just the minimum. If you can prove you have more money, it strengthens your visa application and increases your chances of getting approved.

Tips For Maintaining The Minimum Bank Balance For Schengen Visas

Here are tips for handling money and showing bank statements for a Schengen visa:

    1

    ​​Know the Financial Requirements: Find out how much money you need in your bank account for the visa. Different countries might ask for different amounts.

    2

    Consistent Balance: Keep a steady amount of money in your bank account over time. Big changes in your balance might cause questions.

    3

    Regularly Check Your Statements: Check your bank statements regularly to ensure they show the right amount of money. This helps you catch any mistakes early.

    4

    Avoid Last-Minute Transactions: Try not to do important money stuff right before you apply for the visa. It's better if your financial situation looks stable.

    5

    Organise Your Documents: If you have other papers that show your money situation, like pay slips or tax returns, include them. They can make your application stronger.

    6

    Know About the 90/180 Rule: You can only stay in the Schengen Area for a few days. Make sure your money matches your planned stay.

Conclusion

To sum it up, when planning a trip to Schengen countries, knowing the financial requirements for the visa is important. Each country may have its rules, so be ready with the needed funds and documents. 

Remember the 90/180-day rule, which means you can stay for a maximum of 90 days within any 180-day period. Whether you're exploring Spain, Germany, or Sweden, having the right info ensures a smooth and enjoyable journey. 

Government Sources

At Atlys, we're committed to giving you accurate details for your Schengen trip. We rely on the latest updates from Schengen governments to ensure our information is reliable. Our blog uses smart technology to make complex topics easier to understand.

We trust official government sources to provide the most up-to-date info.

Remember, government rules and fees can change. Before applying, it's strongly advised to check the official website for the latest information. 

Frequently Asked Questions

The required amount can vary between Schengen countries. Check the specific embassy or consulate guidelines, but a common minimum is around €3000 for the past 6 months.

Verified Author:

Visas in Under a Week

Quick VisaTürkiye6 min read

Turkey Visa for Indians - How to Get a Turkey Tourist Visa?

Mar 1, 2024
Turkey Visa For Indians

Discover how to apply for a Turkey visa for Indians. Learn about the requirements, application process, and fees. Plan your trip with ease!"

Quick VisaHong Kong SAR China7 min read

Hong Kong Visa for Indians: Apply for PAR & Requirements

Feb 23, 2024
Hong Kong Visa For Indians: Requirements & Application

Learn about Hong Kong pre-arrival registration & Hong Kong visa for Indians. Discover more about visa fees, processing time, and the application process.

Quick VisaPhilippines5 min read

Philippines Visa for Indians: Visa Requirements & Fees 2024

Feb 23, 2024
Philippines Visa For Indians

Apply for a Philippines visa for Indian citizens with this guide. Learn more about the visa fees, requirements, application process and more.

Quick VisaAzerbaijan5 min read

Azerbaijan Visa for Indians: Visa Costs and Requirements

Feb 26, 2024
Azerbaijan visa for Indians

Discover the complete guide to Azerbaijan visas for Indians. Learn about the requirements, application process, and types of visas. Plan your trip hassle-free!

Quick VisaCyprus6 min read

Cyprus visa for Indians: Requirements & fees for 2024

Feb 23, 2024
Cyprus visa for Indians

Learn about visa types, fees, and application processes for Indians. Find out the Cyprus tourist visa details and processing time.

Quick VisaIndonesia5 min read

Indonesia E-Visa for Indian Citizens: Application Process and Cost

Feb 26, 2024
Indonesia e-visa

Understand the process of applying for an Indonesian visa for Indian citizens. Learn about visa fees, processing fees, visa validity, and more!

Quick VisaOman5 min read

Oman Visa for Indians: Visa Requirements, Application & Fees

Feb 26, 2024
Oman Visa for Indians

The Oman visa for Indians is easy to apply for—if you know what to expect. This guide covers everything you need to know to get your visa with ease.

Quick VisaMadagascar5 min read

Madagascar e-visa for Indians: How to apply and requirements

Feb 26, 2024
Madagascar e-visa

Discover the step-by-step process for applying for a Madagascar e-visa as an Indian national, along with valuable tips, tricks, and insider insights for smooth Madagascar Visa application experience

Quick VisaUnited Arab Emirates6 min read

UAE 5 Year Tourist Visa For Indians: How To Apply And Costs

Feb 26, 2024
UAE 5 Year Tourist Visa

Discover the UAE 5-Year Tourist Visa 2023: How to Apply and Costs. Explore the convenience of long-term travel to UAE. Apply now and start your UAE adventure!

Quick VisaRussia4 min read

Russia e-visa for Indians: Requirements & application process

Feb 26, 2024
Russia e-visa for Indians

Planning a trip to Russia from India? Here is a guide on the Russia Visa for Indians on the eligibility criteria, application process, and visa fees.

Quick VisaMongolia6 min read

Mongolia Visa For Indians: Requirements, Application & Fees

Feb 26, 2024
Mongolia Visa For Indians

Explore the country of Mongolia. Here you can learn about the Mongolia visa for Indians, such as the fee, validity, and application process.

Quick VisaEgypt5 min read

Egypt Visa for Indians: Online Application, Requirements & Fees

Feb 28, 2024
Egypt Visa for Indians

If you are traveling to Egypt then you will need an Egypt visa for Indians. Learn about the required documents, costs, and application for an Egypt e-visa.

Quick VisaSudan6 min read

Sudan Visa for Indians: Required Documents and Visa Fees

Feb 29, 2024
Sudan Visa for Indians

Learn how Indians can obtain a Sudan visa from the embassy. Find out about requirements, fees, and application process in our guide.

Quick VisaVietnam6 min read

Vietnam Visa for Indians: Requirement, Applications & Types

Feb 29, 2024
Vietnam e-visa for Indians

Apply for a Vietnam visa for Indians online. Explore detailed visa requirements for Indian citizens, including application steps and approval timelines.

Quick VisaBangladesh5 min read

Bangladesh tourist visa for Indians: Visa price and requirements

Feb 26, 2024
Bangladesh visa for Indians

Heading to Bangladesh? Find out everything you need about the Bangladesh visa for Indians, from visa fees to requirements. Hassle-free travel guaranteed!

Quick VisaAngola6 min read

Angola visa for Indians: Visa application guide

Feb 26, 2024
Angola e-visa

A comprehensive guidance on Angola e visa processing for Indian travelers. Learn about requirements, procedures, and options to obtain your Angola visa hassle-free and ensure an unforgettable visit.

Quick VisaBenin4 min read

Benin visa for Indians: Requirements and application guide

Feb 26, 2024
Benin e-visa for Indians

Looking for Benin e-visa for Indians details? Here is all the information you need to know about the e-visa like photos, fees, & rules. Contact us for your e-visa.

Quick VisaUzbekistan4 min read

Uzbekistan visa for Indians: Requirements and application process

Feb 26, 2024
Uzbekistan visa for Indians

A detailed guide on how to apply for a Uzbekistan e-visa. Read on to learn more about the visa requirements, processing times and cost.

Quick VisaCambodia4 min read

Cambodia E-Visa for Indians: How to Apply Online from India

Feb 26, 2024
Cambodia e-visa for Indians

In this blog, I will discuss everything you need to know about the Cambodia e-visa for Indians, including the visa fees, requirements, and processing time.

Quick VisaSri Lanka4 min read

Sri Lanka e-visa for Indians : ETA

Feb 26, 2024
Sri Lanka Online Visa for Indians

Indian citizens can now easily apply for the Sri Lanka online visa. Fast processing and simple application. Plan your trip today!

Instant Visas

Instant VisaSolomon Islands5 min read

Solomon Islands Visa for Indians | Fees and Application

Feb 27, 2024
Solomon Islands visa for Indians

Discover the Solomon Islands visa policy for Indians. We will provide details on the application process, documents required, and visa on arrival.

Instant VisaGambia4 min read

How to Apply for a Gambia Visa from India?

Feb 22, 2024
Gambia visa for Indians

Planning to visit Gambia? Read this blog to learn about the visa requirements and application process for getting a Gambia visa for Indians.

Instant VisaSeychelles7 min read

Seychelles Visa for Indians: eTA Requirements & Application

Feb 15, 2024
Seychelles Visa For Indians

In this blog, you will find everything you need to know about the Seychelles visa for Indians, including the visa requirements for Indian travellers, the costs, and what to do in Seychelles.

Instant VisaThailand4 min read

Thailand e-visa on arrival for Indians: Apply for voa online

Feb 14, 2024
Thailand e-visa on arrival for Indians

Don't let visa applications stress you out! Apply for your Thailand e-visa on Arrival online and enjoy a convenient and easy travel experience to Thailand.

Instant VisaMalawi6 min read

Malawi e-visa for Indians: online visa application

Feb 18, 2024
Malawi e-visa for Indians: online visa application

Here's your complete guide to applying for a Malawi e-visa online from India. Stay informed and make your travel plans with confidence.

Instant VisaMaldives6 min read

Maldives Visa for Indians - Do Indians need a Visa?

Feb 17, 2024
Maldives Visa for Indians

Discover the Maldives visa process for Indian citizens, including requirements, application procedures, and stay period. Plan your dream vacation hassle-free.

Instant VisaFiji4 min read

Fiji Visa for Indians - Visitor’s Permit

Jan 30, 2024
Fiji Visa

Discover the seamless journey to Fiji for Indian travellers – no visa, just a visitor’s permit on arrival! Explore requirements, top activities, and travel tips.

Instant VisaBhutan5 min read

Bhutan Visa for Indians - Entry Requirements and Tips

Feb 2, 2024
Bhutan Visa For Indians

Learn about the Bhutan Entry Permit for Indian nationals, including eligibility, fees, and entry requirements. Plan your trip to Bhutan today!

Instant VisaNorth Korea5 min read

North Korea Visa For Indians: What You Need to Know

Feb 2, 2024
North Korea Visa

Tips, tricks, and hacks for a seamless North Korea visa application for Indians. Read more to find out the latest requirements and policies.

Instant VisaMauritius6 min read

Mauritius Visa For Indians: Upon Arrival Application 2024

Jan 26, 2024
Mauritius Visa For Indians

Discover the Mauritius visa on arrival for Indians application process, as well as the requirements, fees and processing time.

Instant VisaMacao SAR China7 min read

Guidelines For Applying for a Macau Visa For Indians

Jan 12, 2024
Macau Visa For Indians

Learn about the visa process for Indian travellers, required documents, application tips, fees, processing time, and more. Plan your visit with confidence!

Instant VisaThailand5 min read

Thailand Visa Photo Size: Guide On Photo Requirements For 2024

Jan 19, 2024
Thailand Visa Photo Size: Guide On Photo Requirements For 2024

Read this guide to get the correct Thailand visa photo size! Avoid visa rejection with this expert guide to ensure your photos meet the visa requirements.

Instant VisaThailand5 min read

How To Get Your Thai Marriage Visa And Requirements

Dec 15, 2023
How To Get Your Thai Marriage Visa And Requirements

Get a Thailand marriage visa, and stay with your spouse for an extended period. We cover eligibility, documents, and application. Start a new life now!

Instant VisaThailand4 min read

Guide To The Thailand Retirement Visa For Indians

Dec 15, 2023
Guide To The Thailand Retirement Visa For Indians

Discover all you need to know about Thailand retirement visa for Indians, including eligibility, documents, fees, and benefits. Start your tropical retirement life now.

Instant VisaNepal6 min read

Nepal Visa for Indians: Entry Information & Travel Requirements

Dec 15, 2023
Nepal Visa For Indians

This blog covers everything you need to know about traveling to Nepal from India. This includes whether you need a Nepal visa for Indians and much more.

Instant VisaThailand6 min read

Thailand Visa On Arrival For Indians: A Hassle-Free Option

Nov 13, 2023
Thailand Visa On Arrival For Indians: A Hassle-Free Option

Don't let visa complications hold you back from experiencing the magic of Thailand! You can easily get a visa on arrival and start planning your trip today!

Instant VisaThailand5 min read

Thailand Opens Doors: Visa-Free for Indian Tourists

Nov 3, 2023
Thailand Visa-Free Policy For Indians

Discover newly released visa-free travel to Thailand for Indians. Avoid the hassle of visa applications and travel to Thailand visa-free!

Instant VisaThailand5 min read

How To Complete The Thailand On Arrival Visa Form

Nov 1, 2023
How To Complete The Thailand On Arrival Visa Form

Don’t know how to complete the Thailand on arrival visa form? Don’t stress, this post has got you covered. You’ll learn how to complete the form and what mistakes to avoid.

Instant VisaThailand6 min read

Thailand Visa For Indians: How To Get A Thailand Visa

Oct 31, 2023
Thailand Visa For Indians: How To Get A Thailand Visa

In this epic guide you'll find out everything you need to know about the Thailand Visa for Indians. This guide includes the types of visas, application process, costs, documents, and much more.

Instant VisaThailand6 min read

Thailand Visa Processing Time For Indians In 2023

Nov 1, 2023
Thailand Visa Processing Time For Indians In 2023

Not sure about how long it takes to process your Thailand visa? No stress! This breaks down the processing times for all the primary Thailand visas.

Need help?

End-to-end Encrypted

Calling Agent

ringing...