Minimum Savings amount for Visa Terms to Popular Destinations
Having a vacation to a number of popular destinations in the world would be the dream of all the traveler. Unfortunately, there are some countries that have complicated requirements for visa applications.
One of the requirements for visa application that often makes the traveler confused is the inclusion of a checking account with a savings balance reaching a certain minimum amount. If the traveler's savings balance has not reached the prescribed minimum amount, then he/she can not apply for a visa to visit a country.
Typically, for a visa application, the embassy will request a checking account or savings account for the last 3 months. The embassy of each country certainly has its own policies and requires a minimum amount of savings.
So what is the minimum balance that must be in a savings account to apply for a visa to a number of favorite tourist countries? Check out the reviews!
1. Europe (Visa Schengen)
Among the many European countries entering the Schengen area, only the Netherlands clearly states the minimum amount of savings a traveler must have to apply for a Schengen visa. The amount is 30 Euro times the number of days you are there.
So, if you intend a 15-day vacation in Europe, at least you have € 450 or $558.
To get an Australian visa, at least you must have a balance of AU$ 937 in savings for travel for approximately one week in the Land of Kangaroo.
Japan has enacted a waiver visa policy for e-passport owners, but those who do not have e-passports must continue to apply for visas as usual. Japan does not officially explain the minimum balance amount that must be in savings, but you can use the following calculation:
Multiply the daily living expenses thereby the number of days you are in Japan. The result is that the minimum balance amount should be in your account when applying for a visa.
4. South Korea
Just like Japan, South Korea also did not mention exactly how the minimum amount of savings that must be in the account. So, you can use the same calculation with the daily life cost assumption in Japan.
The UK also does not specify the minimum savings balance amount for travelers wishing to apply for a visa. So, you who want to apply for a UK visa can make the same calculations as before.
Multiply the number of days of your holiday in the UK at the daily cost of living there which includes meals, shelter, and transportation. Also, make sure all your required documents are translated into English using a valid translator.