fb-pixel

Schengen Visa Financial Requirements: Minimum Balance & Info

Last Updated : Jan 22, 2024

Atlys in the news

Atlys featured inAtlys featured inAtlys featured inAtlys featured in

30-Second Summary

One of the main requirements is the means of subsistence proof.

List of items to show you have enough money for the Schengen financial requirements:

    Bank Statements

    Proof of Accommodation

    Prepaid Travel Services

    Sponsorship Letter (if applicable)

    Employment Verification (if applicable)

    Income Tax Returns (if applicable)

    Financial Guarantees (if applicable)

    Property or Investments (if applicable)

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

If you travel to any Schengen country, you must apply for a Schengen Visa. The Schengen Visa requires you to submit travel documents during your Schengen visa application. Although most of the Schengen visa financial requirements are the same for each Schengen member state, the means of subsistence are unique to each country.

What Does Means Of Subsistence Entail For A Schengen Visa?

If you plan to travel to any country in the Schengen Area, you must apply for a Schengen Visa. During your application process, the Embassy or Consulate of the Schengen country you plan to visit will require you to submit a list of required documents.

One of the main requirements is the means of subsistence proof. This document proves you have the financial means to travel and stay in a Schengen country. The minimum bank balance for Schengen visa is calculated through your main destination's living standards.

What Are The Financial Requirements For Each Schengen Country?

Although the "Visa Code" was intended to promote uniformity among Schengen countries, each country is free to implement its own national laws.

This means that each Schengen state is free to set its own reference or fixed amount of financial means of sustenance for visa applicants from other Schengen countries.

Financial Requirements For Austria:

The Austrian Federal Ministry for Europe, Integration, and Foreign Affairs does not specify the amount of essential means of subsistence you require to apply for an Austrian Schengen Visa.

The amount of financial resources, or means of sustenance, is then implicitly regulated on an individual or case-by-case basis.

Financial Requirements For Belgium:

The Belgian Immigration Office states that anyone applying for a Belgium Schengen Visa must prove a financial subsistence of at least 95 EUR per day if they stay in a hotel.

However, if you plan to stay in cheaper accommodation, you can prove that you have at least 45 EUR per day.

Financial Requirements For Croatia:

Travelers should have €95 per day if staying in a hotel and €45 when planning to get accommodated by cheaper means.

Financial Requirements For The Czech Republic:

Suppose you apply for the Czech Republic Schengen Visa. In that case, you must show proof of financial sufficiency of at least 42.50 EUR per day.

Furthermore, if you plan a stay longer than 30 calendar days, you must show evidence of at least 1,274 EUR and an extra 170 EUR by the end of each month.

Financial Requirements For Denmark:

According to the Denmark Visa Code, if you apply for the Denmark Schengen Visa, you must prove financial sufficiency of at least 67.24 EUR per day. Remember that this is only applicable if you are staying in a hotel.

However, suppose you plan to stay in a hostel or any other cheaper means of accommodation. In that case, you must present proof of financial sufficiency of at least 47.07 EUR per day. Alternatively, if you already paid for your accommodation in advance, or it is paid by a third party. Then, your financial entry requirements will be lower.

Financial Requirements For Estonia:

Suppose you apply for the Estonia Schengen Visa. In that case, you must prove financial means by demonstrating you have at least 100 EUR per day for the period of your stay in Estonia.

Financial Requirements For Finland:

The Ministry of Foreign Affairs in Finland requires you to provide proof that you have at least 30 EUR per day if you apply for the Finland Schengen Visa.

Financial Requirements For France:

According to the European Commission, if you want to enter France by applying for a France Schengen Visa, you must attest to financial sufficiency of at least 120 EUR per day.

However, if you can prove that you have already paid for your accommodation in France, you only must have at least 65 EUR per day. Please also remember that if you choose cheaper accommodation like hostels, the minimum daily amount decreases to 32.25 EUR.

Financial Requirements For Germany:

Suppose you want to apply for the German Schengen Visa. In that case, you must provide evidence that you meet the daily requirements of 45 EUR daily.

Financial Requirements For Greece:

All foreign nationals, including citizens of non-Schengen countries, must attest to possessing an amount of 50 EUR per day.

In addition, if you plan on staying for more than 5 days, you must prove a minimum of 300 EUR when applying for a Greece Schengen Visa.

Financial Requirements For Hungary:

Suppose you plan on entering Hungary by applying for a Hungary Schengen Visa. In that case, you must pay the minimum requirement of 3.19 EUR for each entry.

There is no other quantity of means of subsistence that you must demonstrate to the Hungarian Embassy or Consulate while applying for a visa.

Financial Requirements For Iceland:

Entering Iceland by an Iceland Schengen Visa, you must attest that you have at least 28.83 EUR per day. Additionally, you must pay an entry fee of 144.13 EUR each time you enter the Icelandic territory.

Financial Requirements For Italy:

The financial entry requirement when going to Italy on an Italy Schengen Visa is specified to the number of days you will be spending in Italy. Here is a list of the minimum financial requirements that you must meet:

    For stays of 5 days: an overall amount of 269.60 EUR (212.81 EUR for two or more people)

    For stays of 6-10 days: 44.93 EUR per person (26.33 EUR for two or more people)

    For stays of 11-20 days: 36.67 EUR per person (22.21 EUR for two or more people)

    For stays over 20 days: 27.89 EUR per person (17.04 EUR for two or more people)

Financial Requirements For Latvia:

You must attest that you have at least 14 EUR per day if you go to Latvia by applying for a Lativa Schengen Visa. Let me explain by using an example.

If you stay for 10 days, you must have at least 14 EUR per day. In that case, the overall amount is 140 EUR for your stay.

Financial Requirements For Liechtenstein:

You must attest to the Liechtenstein Embassy or Consulate that you have at least 92.34 EUR per day if you enter with a Liechtenstein Schengen Visa.

However, if you are a student with a valid student ID, you are only required to prove a financial subsistence of 27.70 EUR per day.

Financial Requirements For Lithuania:

Suppose you want to apply for the Lithuania Schengen Visa.

In that case, you must provide evidence that you meet the daily requirements of 40 EUR. This means you must have at least 40 EUR per day during your stay in Lithuania.

Financial Requirements For Luxembourg:

When applying for a Luxembourg Visa at a Luxembourg Embassy or Consulate, Luxembourg does not specify a specific quantity of means of subsistence for Schengen visa.

Financial Requirements For Malta:

Suppose you apply for the Malta Schengen Visa. In that case, you must show proof of financial sufficiency of at least 48 EUR per day.

Financial Requirements For Netherlands:

According to the European Commission, if you want to enter the Netherlands by applying for a Netherlands Schengen Visa, you must attest to financial sufficiency of at least 34 EUR per day.

Financial Requirements For Norway:

According to the European Commission, Section 17 (f) of the Norwegian Immigration Act states that if you want to enter Norway through a Norway Schengen Visa, you must have at least 53.34 EUR per day.

Financial Requirements For Poland:

The financial entry requirement when going to Poland on a Poland Schengen Visa is specified to the number of days you will be spending in Poland. Here is a list of the minimum financial requirements that you must meet:

    For stays of 3 days: overall amount of 67.76 EUR

    For stays over 3 days: 22.59 EUR per day

    If your accommodation is paid before traveling or paid by a third party: 4.52 EUR per day

Financial Requirements For Portugal:

Entering Portugal by a Portugal Schengen Visa, you must attest that you have at least 40 EUR per day. Additionally, you must pay an entry fee of 75 EUR each time you enter Portugal.

However, if you can provide your food and accommodation is covered, you might be exempt from paying the money mentioned above.

Financial Requirements For Slovakia:

According to the European Commission, if you want to enter Slovakia by applying for a Slovakia Schengen Visa, you must attest to financial sufficiency of at least 56 EUR per day.

Financial Requirements For Slovenia:

Suppose you apply for the Slovenia Schengen Visa. In that case, you must show proof of financial sufficiency of at least 70 EUR per day. Furthermore, if you apply for a minor, proof of financial support for a visitor's visa is reduced to 35 EUR.

Financial Requirements For Spain:

You must show proof of financial support for a visitor visa such as the Spain Schengen Visa. You must show support of at least 100 EUR a day.

Financial Requirements For Sweden:

According to the European Commission, you must prove financial support for a visitor visa of 48.26 EUR per day if you apply for a Sweden Schengen Visa.

Financial Requirements For Switzerland:

You must attest to the Switzerland Embassy or Consulate that you have at least 92.34 EUR per day if you enter with a Switzerland Schengen Visa. However, if you are a student with a valid student ID, you are only required to prove a financial subsistence of 27.70 EUR per day.

Means of Subsistence for Schengen Visa

In the context of a Schengen visa application, "means of subsistence" refers to the various ways you can prove your financial capacity to support yourself during your stay. These means can include:

    Personal Bank Statements: Provide your personal bank statements that clearly show a consistent balance above the minimum requirement.

    Sponsorship: If someone else is financially supporting your trip, you will need an official sponsorship letter, along with their financial documents.

    Financial Guarantees: Some countries accept financial guarantees, such as a deposit or bond, to cover your expenses.

    Prepaid Travel Services: If you have already paid for your accommodation, flights, or other services, you can use these as evidence of your financial preparedness.

More Details About The Schengen Visa

How Long Can I Stay In The Schengen Area?

The Schengen Tourist Visa is considered a short-stay visa. The validity and duration of stay in the Schengen Area is 90 days in a 180-day period.

Although some citizens enjoy visa-free travel to the Schengen Area, they must also abide by the 90/180-day rule.

If you are an EU citizen, you also enjoy visa-free travel to any Schengen member state and the EU/EEA.

Where Must I Apply For A Schengen Visa?

If you want to apply for a Schengen Visa, you must head over to the Schengen country's Embassy or Consulate. Luckily, we have detailed guides on Schengen Tourist Visa applications. However, we know visa applications can be terrible, so I suggest you apply through AtlysBlack for expedited visa appointments.

Please check out each guide by selecting the Schengen country of choice:

Austria, Belgium, Czech, Croatia,Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Italy, Netherlands, Norway, Poland, Portugal, Spain, and Switzerland.

What Is The ETIAS?

The European Union will implement the ETIAS (European Travel Information and Authorization System) at the start of 2023. The ETIA will apply to any citizen who enjoys visa-free travel to the EU.

Therefore, if you are traveling to any Schengen member state before 2023, you don't need to apply for the ETIAS. However, remember that this will change in 2023.

Please feel free to check out our ETIAS guide for more information on how you will need to apply for it in the future.

What Are The General Required Documents For All Schengen Countries?

Now that you know the financial requirements, I will explain the generic visa requirements that are the same for all Schengen countries. Remember that border controls can ask you for additional information, so always carry hard copies of your documents.

Here is a list of the documents that you must present when applying for your Schengen Visa:

    Visa application form: Can be found on the Consulate of the country's website.

    Two passport photos: Make sure to check out the photo requirements.

    A valid passport: Your passport should be valid for at least 3 months beyond your stay.

    Travel Itinerary: A travel itinerary Including the flight itinerary and hotel itinerary.

    Travel insurance/Health insurance: The travel insurance must have a minimum of 30,000 EUR that covers the length of your intended stay.

    Financial means of subsistence: Bank statements etc.

    Cover letter: You should include a cover letter.

    Employment Letter: Employment letter that proves you have leave.

You can see the entire detailed list of required documents needed for the Schengen visa.

Conclusion

Meeting the minimum bank balance requirements for a Schengen visa is a vital step in ensuring your European journey goes smoothly. Remember that each Schengen country may have its own specific criteria, so thorough research and careful planning are essential.

By understanding the financial prerequisites and providing the necessary documents to support your application, you'll increase your chances of obtaining a Schengen visa and embarking on a memorable European adventure. So, get your finances in order, complete the application process, and soon, you'll be exploring the stunning landscapes and rich cultures of the Schengen Area with confidence. Safe travels!

Government Sources

We source our information directly from government authorities, assuring its credibility. Using AI, we simplify intricate concepts for better clarity, and our dedicated team conducts rigorous verification to maintain precision. Rest assured, the information you discover here is dependable, as we exclusively rely on reputable sources.

Travel.State.GOV

German mission in US

Frequently Asked Questions

Proof of sufficient funds for travel typically includes bank statements, sponsorship letters, and proof of accommodation. Bank statements should show a consistent balance covering your expenses, while a sponsorship letter confirms financial support from a sponsor. Proof of accommodation can be in the form of hotel reservations or a letter of invitation from a host.

Verified Author:

Visas in Under a Week

Quick VisaUnited Arab Emirates7 min read

How to Apply for the Dubai Tourist Visa from the United States?

Feb 27, 2024
Dubai Tourist Visa

This comprehensive guide covers everything you need to know about Dubai tourist visas, including fees, processing times, and application requirements.

Quick VisaBahrain4 min read

Apply for a Bahrain Visa from the US - Bahrain E-Visa Application Process

Feb 27, 2024
Bahrain visa for US citizens

Need a Bahrain visa? You're in luck! This post covers everything you need to know about the Bahrain e-visa including the application process and requirements.

Quick VisaKenya7 min read

The Kenya visa for US citizens: How to travel to Kenya

Feb 27, 2024
Kenya visa for US citizens

In this post, you will find important information about the Kenya Visa for US citizens. This post will cover everything about the Kenya eVisa, the requirements, and how to apply.

Quick VisaArmenia5 min read

Armenia Visa Requirements from the United States

Feb 27, 2024
Armenia visa

Learn how to get your Armenia visa online; discover all the necessary steps to apply with a step-by-step guide and the requirements.

Quick VisaMorocco7 min read

Morocco e-visa: Requirements and Application 2024

Feb 27, 2024
Morocco e-visa

US citizens can travel visa-free to Morroco. Discover the Morocco e-visa for US Green card holders. How to apply, eligibility, requirements, and the e-visa fee.

Quick VisaRussia4 min read

Get a Russian Visa for US Citizens Now - A Guide on How to Apply

Feb 26, 2024
Russian tourist visa

Optimise your travel experience! Get your Russian visa for US citizens easily with this helpful guide. The post includes the application process and requirements.

Quick VisaEgypt6 min read

The complete guide for the Egypt visa from the US

Feb 19, 2024
Egypt visa for US citizens

In this blog, we'll cover everything US citizens must know about applying for an Egypt E Visa. We'll discuss the visa requirements, application process, processing times, and Egypt visa costs.

Quick VisaTürkiye4 min read

Turkey e-visa for US: Cost and application 2023

Feb 19, 2024
Turkey e-visa

Explore a complete guide on Turkey's eVisa for US citizens: application process, requirements, and tips for a seamless travel experience to Turkey.

Quick VisaZimbabwe6 min read

Zimbabwe visa on arrival application guide for US citizens

Feb 20, 2024
Zimbabwe visa on arrival

Need your Zimbabwe visa? No problem! This post has everything you need to know about getting a visa to Zimbabwe!

Quick VisaPhilippines4 min read

Philippines Tourist Visa: Requirements and visa fees in 2024

Feb 20, 2024
Philippines Tourist Visa

In this post, you'll learn everything you need to know about the Philippines Tourist Visa, including how to apply, the required documents, and the visa fee.

Quick VisaDominican Republic7 min read

Dominican Republic Visa & Tourist Card: Application and Requirements

Feb 21, 2024
Dominican Republic Tourist Visa

Discover travel requirements for US citizens visiting the Dominican Republic. Stay informed on entry requirements for a seamless visit.

Quick VisaSaudi Arabia5 min read

Saudi Arabia e-visa - Application guide and requirements 2024

Feb 16, 2024
Saudi Arabia e-visa

Get your Saudi Arabia visa now! This post will guide you through everything you need to know about the Saudi Arabia Tourist Visa.

Quick VisaEthiopia5 min read

Ethiopia tourist visa: Easy application process for travelers

Feb 16, 2024
Ethiopia tourist visa

Explore Ethiopia hassle-free with the e-visa for US citizens. Secure your visa online for a seamless travel experience. Apply now!

Quick VisaMyanmar (Burma)6 min read

Myanmar e-visa— Application and requirements 2024

Feb 16, 2024
Myanmar visa for US citizens

US citizens must apply for a Myanmar Visa. You can apply for an e-visa that allows a stay of up to 28 days. Click to learn the most important visa requirements!

Quick VisaKenya4 min read

Kenya E-Visa Payment Issues And Solutions

Jan 30, 2024
Kenya E Visa Payment Issues

Tips for what to do when you experience issues with your Kenya e-Visa payment process.

Quick VisaKenya6 min read

Types Of Kenya Visas: Kenya Visa Requirements and Costs

Jan 30, 2024
Types Of Kenya Visas

This visa covers everything you need to know about the different types of Kenya visas. The post includes the requirements and costs for each Kenya Visa.

Quick VisaKenya4 min read

How To Complete Your Kenya Visa Application Form Online

Jan 31, 2024
Kenya Visa Application Form

In this post, you will find important information about the Kenya Visa Application Form. This post will outline how to complete it, important tips, and the easiest way to complete your Visa Application Form error-free.

Quick VisaKenya5 min read

Kenya eVisa For US Citizens: Application & Requirements 2023

Jan 31, 2024
Kenya eVisa For US Citizens: Application & Requirements 2023

A step-by-step guide on applying for a Kenya e-visa. You'll find everything about the Kenya evisa requirements, online visa application, and application form.

Quick VisaKenya6 min read

Kenya Visa Requirements: Documents, Passport, and Photo Requirements

Jan 31, 2024
Kenya Visa Requirements

This blog is all about the Kenya Visa requirements for US citizens applying for the Kenya Visa including Kenya Visa costs, passport requirements, and photo requirements.

Quick VisaEgypt5 min read

Egypt Visa For US Citizens: Online Application and Enquiries

Jan 23, 2024
Egypt E Visa For US Citizens

Egypt Visa For US Citizens

Instant Visas

Instant VisaSt. Lucia5 min read

St Lucia Visa | US Citizens and US Green Card Holders

Feb 26, 2024
Travel To St Lucia

Discover the process of obtaining a St Lucia visa for US Green Card Holders. Learn entry requirements, application steps, fees, and visa validity.

Instant VisaMalawi4 min read

Malawi visa for US Citizens

Feb 22, 2024
Malwai visa for US citizens

US citizens enjoy visa-free entry to Malawi. Learn about fees, visa-extension, US green-card holder requirement and more

Instant VisaJamaica4 min read

Jamaica Entry Requirements: How To Apply For A Jamaican Visa

Jan 22, 2024
Jamaica Entry Requirements And Visa Process

Hi there! I am glad you found our blog. Check out this blog to learn more about Jamaica's entry requirements, the visa process, and visa fees.

Instant VisaNepal5 min read

The Nepal Tourist Visa For US Citizens: Requirements, Application Process, And Fees

Jan 16, 2024
The Nepal Tourist Visa For Us Citizens

In this blog, I talk about how to get a Nepal visa for US citizens, the visa fees, and the processing time

Instant VisaThailand4 min read

Thailand Pass: Requirements, Application, Cost, and Errors

Jan 15, 2024
How To Apply For A Thailand Pass

Find out exactly how to apply for a Thailand Pass in order to easily travel to Thailand.

Instant VisaMalawi4 min read

Visa to Malawi—Malawi Visa Application Made Easy

Jan 16, 2024
Visa To Malawi

On your way to Malawi? Need a visa? Learn the exact requirements for your visa to Malawi and apply for yours with confidence! Or do it the easy way—use Atlys.

Instant VisaThailand4 min read

Apply For Thailand Visa For US Green Card Holders Online - 2023 Guide

Jan 17, 2024
Thailand Visa For Us Green Card Holders

Learn how to apply for a Thailand visa for US green card holders online. Find out about eVisa requirements, the application process, fees, processing time, and much more!

Instant VisaMaldives4 min read

Maldives Tourist Visa: Entry and Visa Requirements to Maldives

Oct 2, 2023
Maldives Tourist Visa

In this post you'll learn everything you need to about the Maldives Tourist visa. Including the requirements, costs and other types of Maldives Visas you can apply for.

Instant VisaJamaica6 min read

Travel To Jamaica From The US: Jamaica Travel Requirements

Oct 2, 2023
Travel To Jamaica From The Us

In this post you will find all the relevant information when traveling to Jamaica from the US. This post outlines if US citizens need a visa to visit Jamaica, the COVID-19 entry requirements and useful information when visiting Jamaica.

Instant VisaNepal6 min read

Nepal Tourist Visa For US Citizens: Nepal Visa Requirements

Oct 2, 2023
Nepal E Visa Vs Visa On Arrival

This post covers everything you need to know about the Nepal Tourist Visa for US citizens. This post includes the application process, costs, and processing time.

Instant VisaThailand5 min read

Revealed: These Are The Most Visited Cities In The World 2023

Oct 2, 2023
The Most Visited Cities In The World

Discover the most visited cities in the world. Read about why these destinations are so popular and special in the eyes of international travellers.

Instant VisaMaldives6 min read

Maldives Health Declaration and Tourist Visa on Arrival

Oct 2, 2023
Maldives Health Declaration And Tourist Visa On Arrival

Traveling to the Maldives this quick guide will help make it a reality. We’ll show you how to obtain a health declaration and a visa on arrival for the Maldives.

Instant VisaJamaica4 min read

Jamaica Travel Authorization Form and Requirements

Oct 2, 2023
How To Get Travel Authorization To Jamaica

This handy article will show you exactly how to get Travel Authorization to Jamaica.

Instant VisaNepal4 min read

Nepal Visa Extension Online: Processing Time and Cost

Oct 2, 2023
Nepal Visa Extension Process

It is crucial that visitors don't overstay their welcome in Nepal. In fact, in this post you'll learn about the consequences of overstaying your visit. Furthermore, you'll learn how to extend your visa successful so that you can enjoy your stay in Nepal, or return you your home country

Instant VisaJamaica6 min read

Jamaica Eliminates COVID-19 Travel Authorization Form And Requirements

Oct 2, 2023
Jamaica Eliminates Covid 19 Travel Authorization Form

Minister Edmund Bartlett announced that Jamaica will eliminate Travel Authorization form and quarantine requirements starting March 1, 2022.

Instant VisaBarbados4 min read

Barbados Visa From US: Costs, Visa Process, And Entry Requirements

Oct 2, 2023
Barbados Visa Requirements

In this post, you'll learn about everything you need for a Barbados Visa. Including if you need one, the Barbados visa requirements, the application process, and costs.

Instant VisaJamaica4 min read

Do You Need A Passport To Go To Jamaica?

Oct 2, 2023
Do I Need A Passport To Go To Jamaica

In this post you will find all the relevant information regards to Jamaican passport requirements. This post will outline if you need a passport when going to Jamaica and what documents you can present when traveling with a minor.

Instant VisaBarbados6 min read

Barbados Digital Nomad Visa: Welcome Stamp Requirements

Oct 2, 2023
Barbados Digital Nomad Visa

This post covers everything you need to know about the Barbados Digital Nomad Visa. It includes the application process, required documents and visa requirements.

Instant VisaThailand6 min read

Thailand Pass Requirements and Application Process

Sep 4, 2023
Thailand Pass

In this post you'll learn everything about the Thailand Pass including the required documents, entry requirements and how to apply.

Need help?

End-to-end Encrypted

Calling Agent

ringing...