One of the mandatory requirements for obtaining a Schengen visa is to provide proof of sufficient financial means. This means you need to show that you have enough money to cover your expenses during your entire stay in the Schengen Area. The embassy requires this to ensure you can cover all the expenses (accommodation, food, transport, and miscellaneous expenses) during your stay in the Schengen Area. They also want to be certain that you would not become a financial liability or dependent on the public funds in the country you are visiting. 

Hence, submitting proof of sufficient financial means is a crucial part of the application, and failing to meet the same can lead to a visa rejection, even if all your other documents are in order.

However, it is important to note that not all Schengen countries specify an exact minimum bank balance requirement. While some countries have set clear daily amounts, others leave it to the discretion of the visa officer (who evaluates it based on factors such as your purpose of travel, duration, etc.), making it trickier for applicants.

In this blog, we will clear all your doubts regarding the proof of sufficient financial means for a Schengen visa. Here’s what we’ll cover:

• How much bank balance is required for a Schengen visa?

• What factors affect the minimum bank balance requirement?

• What documents serve as financial proof for a Schengen visa?

• How can you strengthen your financial proof for a Schengen visa?

Minimum Bank Balance Requirements for Schengen Visas

The minimum required bank balance for obtaining a Schengen visa varies based on the applicant’s nationality and the duration of their intended stay in 2025. Below is a breakdown of the minimum financial requirements for each of the 29 Schengen countries.

1. Austria

As of February 2025, Austria maintains the policy of not mandating a minimum bank balance for Schengen visa applications. The required amount is determined by the length and purpose of your intended stay. Typically, applicants are advised to hold a minimum of €100 to €120 daily for the duration of their visit.

2. Belgium

As outlined by the Belgium Immigration Office, applicants are required to demonstrate a minimum financial capacity of €45 per day when residing with hosts or family members, and €95 per day when accommodation is provided through hotels. Therefore, for a ten-day visit to Belgium, prospective applicants should maintain a minimum bank balance of €950.

Important: It is recommended to present a bank balance exceeding the stipulated minimum. This serves as a contingency fund for unforeseen circumstances and provides reassurance to immigration officials regarding your ability to manage expenses throughout your stay.

3. Bulgaria

According to the Bulgarian authorities, for a short-stay visa for tourism purposes, the minimum bank balance requirement is as follows:

• €50 per day of stay (or the equivalent in another currency).

• At least €500 in total, even if your stay is shorter than 10 days.

So, for example:

• If you go for a 5-day trip (€50 x 5 = €250), the minimum bank balance requirement would still be €500 (or equivalent). 

• If you go for a 10-day trip (€50 x 10), the minimum bank balance requirement would be €500 (or equivalent).

• If you are going on a 15-day trip, you will need to show at least €750 (€50 x 15). 

Note: If you are driving your own vehicle into Bulgaria, you need to show an extra €100 (or the equivalent).

4. Croatia

Applicants are typically required to demonstrate financial means sufficient to cover their expenses during their stay in Croatia, generally a minimum of €70 per day. This represents the standard financial obligation for most travellers.

Nevertheless, this requirement is subject to adjustment. It can be lowered to €30 per day when accompanied by a formally issued guarantee letter or documented proof of confirmed accommodation arrangements. In specific situations, the requirement may be waived entirely, contingent upon a sponsor providing assurance of full financial coverage. Given the potential for modifications, prospective travellers are advised to verify the most up-to-date stipulations through the official website of the Croatian government prior to commencing their travel.

5. Czech Republic

As mentioned on the Czechia Ministry of Foreign Affairs website, the minimum bank balance needed for a Croatia Schengen visa is at least 1,565 CZK per day for 30 days or less stays.

For stays exceeding 30 days (up to 90 days), applicants must have at least 46,950 CZK, with an additional 6,260 CZK for one full month beyond the first 30 days. Let us understand it with this example:

If you plan to stay in the Czech Republic for 60 days:

• For the first 30 days, you would need 46,950 CZK.

• For the next 30 days, you would need an additional 6,260 CZK.

Hence, the total minimum financial bank balance you would need is (46,950 CZK + 6,260 CZK) 53,210 CZK.

6. Denmark

A Schengen visa for Denmark necessitates a minimum bank balance of DKK 350 per day for stays in private residences (including with friends and family); for hotel stays, the required amount is DKK 500 per day.

7. Estonia

The Estonian immigration regulations stipulate a minimum daily financial requirement of €70 for Schengen visa applications. Therefore, for a stay of 10 days, applicants must demonstrate a minimum bank balance of €700.

8. Finland

As of January 2024, the Finnish authorities now mandate a minimum bank balance of EUR 50 per day for Schengen visa applicants. This requirement has increased from the previous minimum of EUR 30 per day.

9. France

France currently lacks a stipulated minimum bank balance stipulated for Schengen visa applications. The necessary funds depend on the length and purpose of your intended stay. Our visa specialists typically advise applicants to maintain a minimum of €100 to €120 per day during their visit.

Important Note: France consistently ranks as the most visited European countries, with approximately 100 million tourists visiting annually – as indicated by 2023.

10. Germany

The financial requirements for a German visa are not strictly defined, varying based on individual circumstances. Generally, prospective applicants are advised to maintain a bank balance of between €100 and €120 per day to establish financial solvency, specifically for short-term Schengen visa applications. This sum is typically considered adequate to cover daily living costs, including lodging, sustenance, travel, and incidental expenditures during a visit to Germany.

11. Greece

Greece, similar to Germany, does not impose a mandatory minimum bank balance for Schengen visa applications. Applicants are typically advised to demonstrate adequate financial resources, estimated to be approximately €100 to €120 per day, to adequately cover anticipated expenses during their stay.

12. Hungary

Hungary’s visa regulations do not mandate a minimum fixed bank balance. Instead, the consular officer assesses your financial viability by considering the duration of your intended stay, the type of accommodation, and the details of your travel plans. It is generally advisable to show a minimum of €100 to €120 per day to demonstrate sufficient funds for the purpose of your application.

13. Iceland

The Icelandic Directorate of Immigration stipulates a minimum bank balance requirement of 8,000 ISK daily for Schengen visa applicants, applicable when accommodation is provided by a hotel or rental service. Alternatively, if accommodation is provided by a host or another third party, the minimum required balance decreases to 4,000 ISK per day.

14. Italy

The Italian government publishes an official financial requirements table. The minimum bank balance needed for an Italian Schengen visa is detailed below:

• For stays of 1 to 5 days days: A minimum of €269.60 is mandated, which is lowered to €212.81 when travelling with accompanying individuals.

• For stays of 6 to 10 days days: A daily minimum of €44.93 is required per person, or €26.33 when travelling with others.

• For stays of 11 to 20 days days: A fixed amount of €51.64 is required, accompanied by a daily amount of €36.67. This amount is reduced to €25.82 and the daily amount to €22.21 per person when travelling with others.

• For stays exceeding 20 days days: The necessary bank balance is €206.58, alongside a daily amount of €27.89. This figure is reduced to a fixed amount of €118.79 and a daily amount of €17.04 per person when travelling with others.

15. Latvia

According to Latvian authorities, visa applicants must demonstrate €14 per day if the stay is up to 30 days. For stays exceeding 30 days, you must prove financial means equivalent to €740 per month, which is the Latvian minimum wage. 

Note: Even if your stay is for less than 30 days, you are highly advised to show a higher bank balance than the minimum requirement. This would increase the chances of your visa approval.

16. Liechtenstein

Liechtenstein currently lacks a mandatory minimum bank balance stipulation for Schengen visa applications. Applicants are typically required to demonstrate funds equating to approximately €100 to €120 per day.

17. Lithuania

There is presently no stipulated minimum bank balance necessary for obtaining a Lithuanian visa. Applicants are generally advised to demonstrate sufficient funds, typically ranging from €100 to €120 per day, to substantiate their ability to meet unforeseen expenditures that may occur during their stay.

18. Luxembourg

It is important to note that there isn’t a mandated minimum bank balance needed for a Luxembourg Schengen visa application. Applicants are typically required to demonstrate a financial capacity of at least €100 to €120 per day to satisfy immigration officials that sufficient funds are available to cover all anticipated expenses during the intended stay, thereby alleviating concerns regarding potential financial hardship.

19. Malta

Malta currently lacks a specified minimum bank balance requirement for Schengen visa applicants. Assessments of applications are conducted individually, taking into account elements including the duration of the trip, lodging arrangements, and the proposed travel plan.

While no precise figure is mandated, it is generally advised that applicants present evidence of funds equivalent to approximately €100 to €120 per day to cover anticipated expenses.

20. Netherlands

The Netherlands does not mandate a minimum bank balance for Schengen visa applications. Applicants are required to demonstrate sufficient funds, typically between €100 and €120 per day, to demonstrate their ability to cover expenses during their stay and ensure they will not encounter financial hardship.

21. Norway

Schengen visa applicants for Norway are not subject to a mandatory minimum bank balance. The visa assessment is determined by the applicant’s demonstrated financial resources, considering the proposed duration of the stay, planned accommodation, and estimated travel expenditures. Typically, applicants are advised to present evidence of funds amounting to approximately €100 to €120 per day to demonstrate sufficient means to meet their anticipated costs during their time in Norway.

22. Poland

The minimum required bank balance for a Poland Schengen visa is 75 PLN per day of your intended stay. If your visit is expected to be 4 days days or less, the minimum required balance is 300 PLN for the entire trip.

For instance, a 10-day stay in Poland necessitates a minimum bank balance of 750 PLN (calculated as 75 PLN x 10 days), while a 3-day trip would require a minimum of 300 PLN.

23. Portugal

A minimum bank balance of at least €75 upon arrival and €40 per day for the duration of your stay is mandated for a Portugal Schengen visa, as stipulated by the Portuguese Ministry of Foreign Affairs.

To illustrate, consider a 10-day trip to Portugal. The necessary minimum bank balance would be calculated as follows:

• Initial entry requirement: €75
• Daily allowance: €40 × 10 days = €400
• Therefore, the total minimum bank balance required is €75 + €400 = €475.

24. Romania

For a short-stay visa, Romania requires proof of financial means equivalent to €50 per day for the entire stay but not less than €500 in total. This means:

If you wish to stay in Romania for 5 days:

• Required daily amount: €50 × 5 = €250, but since the minimum bank balance is €500, you will still need €500 in your account.

If you wish to stay in Romania for 10 days:

• Required: €50 × 10 = €500 → You meet the minimum requirement.

If staying for 15 days:

• Required: €50 × 15 = €750 (which is above the €500 minimum).

25. Slovakia

Slovakia does not mandate a minimum bank balance for Schengen visa applications. Applicants are typically required to demonstrate sufficient funds, generally amounting to €100 to €120 per day, to cover anticipated daily expenses.

Important Note: Slovakia currently exhibits a notably high Schengen visa approval rate, contributing to its reputation as a relatively accessible Schengen destination. For information regarding other Schengen countries with a higher visa approval rate, consult our Easiest Countries to Get a Schengen Visa resource.

26. Slovenia

A Schengen visa for Slovenia does not stipulate a minimum mandatory bank balance. Visa decisions are primarily determined by an evaluation of the applicant’s financial capacity, considering the intended duration of the trip, proposed accommodation arrangements, and daily estimated expenses. Applicants are typically advised to present evidence of sufficient funds, generally between €100 and €120 per day, to adequately cover anticipated expenditures during their stay.

27. Spain

Spain currently lacks a formally defined minimum bank balance threshold stipulated by Spanish authorities for Schengen visa applications. Applicants are typically advised to present evidence of financial resources totaling approximately €100 to €120 per day to substantiate their ability to cover anticipated expenses during their stay.

28. Sweden

The Swedish Migration Agency, as detailed here, stipulates a minimum bank balance of 450 SEK per day for the issuance of a Swedish Schengen visa, covering the entire duration of your stay.

For instance, for a 10-day trip, applicants must demonstrate a minimum bank balance of 4,500 SEK. This requirement is designed to demonstrate sufficient funds to meet anticipated daily expenditures, including but not limited to accommodation, food, and transportation costs. Prepaid accommodations or a confirmed sponsor providing financial coverage may potentially reduce this balance requirement. Nonetheless, applicants are advised to submit a higher balance to bolster their visa application.

29. Switzerland

Switzerland currently lacks a mandated minimum bank balance for Schengen visa applications. Although no specific monetary threshold is defined, it is typically advisable for applicants to present evidence of financial resources equivalent to €100 to €120 per day to adequately cover anticipated daily costs.

Important Note: Switzerland consistently performs well in global safety rankings. According to the Global Peace Index, it achieves a ranking of 6th, with a safety index score of 74.7. Learn more.

Key Factors Influencing the Minimum Bank Balance Requirement

The minimum bank balance needed for a Schengen visa can vary depending on several individual circumstances. The following factors may influence the required amount:

1. Duration of Stay: The length of your intended trip is a primary determinant of the necessary minimum balance. A short stay of 3 days might necessitate a balance of €300, while a longer stay of 30 days could require €3000 or more.

2. Accommodation Arrangements: Prepaid hotel reservations and staying with family or friends (supported by a formal invitation letter) generally contribute to a lower minimum balance. If neither of these scenarios applies, the required minimum bank balance should reflect the funds needed to cover accommodation costs, alongside expenses for food, shopping, and other necessities within the Schengen Area.

3. Travel History: A documented history of previous Schengen visa applications and a strong compliance record with Schengen Area regulations may increase the likelihood of a more lenient assessment of your financial resources. However, visa officer discretion remains a significant factor.

4. Sponsorship: If a third party residing within the Schengen Area is providing financial support for your trip, the responsibility for meeting the minimum bank balance requirement rests solely with the sponsor. Consequently, the visa application will not assess your personal bank account balance.

In conclusion, any factors impacting your financial situation will influence the required minimum bank balance. Maintaining a consistent and adequate bank balance is essential to demonstrate your capacity to cover all expenses during your stay in the Schengen Area.

Financial Evidence Required for Schengen Visa Applications

To demonstrate financial solvency during your Schengen visa application, applicants are required to submit specific documents. The following provides a detailed overview of acceptable financial proof:

1. Bank Statements (Stamped and Original): Applicants must furnish bank statements covering the preceding three to 6 months months. These statements should be officially stamped and signed by the bank, demonstrating regular transactions and a sufficient account balance. The statements must distinctly display the applicant’s name, account number, and complete bank details to substantiate account ownership and financial stability. Specifically, applicants who are retired must provide bank statements clearly indicating the regular receipt of pension funds.

2. Tax Returns (Latest and Official): Where applicable based on nationality, submit the most recent Income Tax Returns (ITRs), generally covering the last two to three years, as evidence of financial stability. Self-employed individuals should also submit their business tax returns.

3. Payslips (Recent and Official): Applicants must provide their most recent 3 months payslips, printed on company letterhead and officially signed or stamped by the employer.

4. Business Registration Certificate (Valid and Official): For self-employed individuals or business owners, a valid business registration certificate is necessary as proof of legal business existence. This document should be issued by the relevant government authority, detailing the business name, registration number, incorporation date, and owner particulars.

5. Sponsorship Letter (Signed and Notarised, if Required): Should a sponsor be involved, a signed sponsorship letter, along with evidence of the sponsor’s financial standing (such as bank statements and salary slips), and a copy of their ID or residence permit, must be submitted.

6. Employment Letter (Signed and Dated): A formal letter from the employer, confirming the position, salary, and leave approval, serves as supplementary proof of employment and source of funds.

Important Note: All submitted documents should be original, ideally formatted to A4 size, officially stamped, sealed, or signed by the relevant authorities to guarantee authenticity. Well-organized, clear, and recent documentation substantially strengthens the Schengen visa application process.

Enhancing Your Financial Evidence for a Schengen Visa Application

During the Schengen visa application process, it is standard practice for visa officers to require robust financial documentation. Presenting supplementary financial evidence enhances your application by demonstrating your ability to meet both routine and unanticipated expenses. Although Schengen visa regulations outline minimum financial requirements, submitting amounts exceeding the stipulated amount, coupled with additional supporting documents, substantially increases your likelihood of visa approval.

Here are strategies to bolster your financial demonstration:

• Provide a detailed travel itinerary outlining planned activities and associated costs.
• Present bank statements demonstrating a consistent and substantial income history.
• Submit proof of funds held in a designated account, exceeding the minimum requirement by a reasonable margin.
• Include letters from employers or sponsors confirming financial support for the duration of your trip.

1. Ensure a Stable Bank Balance

Visa officers assess your financial situation rigorously, including reviewing bank statements spanning the preceding three to 6 months. Significant, unexplained deposits shortly before application submission may prompt scrutiny regarding the source of your funds. To mitigate this, it is advisable to maintain a consistent account balance exceeding the minimum requirement for a minimum period of three months prior to application.

Should your bank balance fluctuate due to substantial transactions, submit a detailed cover letter justifying the variation and supplementary documentation, such as salary statements, business receipts, or proof of investment withdrawals. Documentation confirming the origin of any recent, large deposits – including property sales, inheritance details, or loan disbursement confirmations – is necessary to demonstrate financial transparency.

2. Demonstrate Sufficient Funds

It is recommended to maintain a financial balance exceeding the embassy’s stipulated minimum. Specifically, if the embassy requires €40 per day, maintaining an account balance of at least €60 to €80 per day is advisable. This demonstrates the applicant’s capacity to cover daily expenditures, including potential unforeseen costs like medical incidents or alterations to travel plans. A robust financial standing reduces the likelihood of visa denial.

3. Submission of Supplementary Financial Documents

As part of the financial verification process, applicants are required to submit additional supporting financial documents. Acceptable supplementary documentation may comprise fixed deposit (FD) certificates, savings certificates, credit card statements, records of rental income, dividend statements from investment accounts, pension fund declarations, freelance income records, and any other verifiable income sources.

For applicants who are housewives, financial capability can be demonstrated via joint financial statements in conjunction with their spouse’s income, any recorded rental income, or investment earnings, where applicable. Students can furnish evidence of educational grants, scholarships, or financial support derived from parents or guardians. Unemployed individuals may submit documentation demonstrating savings balances, fixed deposits, or regular financial support provided by family members.

4. Submit a Sponsorship Letter (If Applicable)

For applicants who are housewives or unemployed and lack sufficient funds, a sponsorship letter is required. The sponsorship letter must detail the sponsor’s full name, their relationship to you, and a formal confirmation of their financial accountability for your travel costs. In addition to the sponsorship letter, the sponsor must furnish bank statements, salary slips, income tax returns, and documentation verifying their residency or citizenship. Should the sponsor operate a self-employed business or own a business, their business registration documents and comprehensive financial statements must also be submitted.

Conclusion

It is now evident that certain nations enforce strict daily financial thresholds, whereas others exercise discretion through the visa officer’s assessment, highlighting the importance of presenting a robust and verifiable financial record. It is crucial to understand that insufficient evidence of adequate funds is frequently cited as a primary cause for Schengen visa denials – specifically, as detailed here.

To bolster your application, consistently maintain a bank balance for a period of at least three months prior to submission, present funds exceeding the mandated minimum, and furnish supplementary financial documentation where feasible. Should you be unable to demonstrate sufficient personal resources, a formal sponsorship letter accompanied by relevant supporting documentation can be submitted as an alternative option. Furthermore, diligently review and adhere to the most current visa regulations preceding your application to remain informed regarding any pertinent modifications.

Through careful preparation and compliance with the financial stipulations of Schengen embassies, you can significantly improve your prospects for visa approval.