Planning for a trip to Europe and wondering how to apply for a Schengen Visa? One of the key requirements for obtaining a Schengen Visa is to provide a minimum bank statement. In this article, we will discuss everything you need to know about the minimum bank statement for Schengen Visa application.
What is a Schengen Visa?
A Schengen Visa is a type of visa that allows you to travel freely within the Schengen Area, which comprises 26 European countries. This visa is issued for various purposes such as tourism, business, study, or medical treatment.
If you are a non-EU citizen, you need to apply for a Schengen Visa to enter the Schengen Area. The visa allows you to stay in the Schengen Area for a maximum of 90 days within a period of 180 days.
What is a Bank Statement?
A bank statement is a document that shows the transactions made on your bank account over a specific period of time. It includes details such as the date of the transaction, the amount involved, and the name of the recipient or payee.
When applying for a Schengen Visa, you need to provide a bank statement to show that you have sufficient funds to cover your expenses during your stay in the Schengen Area. The bank statement should be issued by a recognized financial institution and should be in your name.
How Much Money Should be in Your Bank Account?
The minimum amount of money that should be in your bank account depends on various factors such as the purpose of your visit, the duration of your stay, and the cost of living in the country you are visiting.
As a general rule, you should have at least €65 per day for your stay in the Schengen Area. This means that if you are planning to stay for 10 days, you should have a minimum of €650 in your bank account.
However, this is just a guideline and the actual amount may vary depending on the above-mentioned factors. It is best to consult with the embassy or consulate of the country you are visiting for more information on the minimum bank statement requirements.
How to Obtain a Bank Statement?
You can obtain a bank statement from your bank by requesting it in person or through online banking. The bank statement should cover the last 3 to 6 months and should be in English or translated into English by a certified translator.
Make sure that the bank statement includes your name, account number, and the date of issue. The statement should also show your current balance and transactions made during the period covered by the statement.
What are the Common Mistakes to Avoid?
When submitting your bank statement for Schengen Visa application, make sure to avoid the following mistakes:
- Not providing a bank statement in your name
- Not providing a bank statement that covers the required period
- Not providing a bank statement that shows sufficient funds
- Providing a bank statement that is not in English or not translated into English
- Providing a fake or altered bank statement
Any of these mistakes can lead to the rejection of your Schengen Visa application, so it is important to double-check your bank statement before submitting it.
Conclusion
The minimum bank statement is a crucial requirement for obtaining a Schengen Visa. It shows that you have sufficient funds to cover your expenses during your stay in the Schengen Area. Make sure to obtain a bank statement that covers the required period and shows sufficient funds. Avoid the common mistakes mentioned above to increase your chances of getting a Schengen Visa.
