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Updated July 2024

When applying for a Schengen visa, applicants must demonstrate their financial ability to sustain themselves during their stay in the Schengen area. This requirement can generally be fulfilled by providing one of two types of financial proof: a bank account statement or a sponsorship letter from another individual. 

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Bank statement requirements can differ between countries. In this article, Wego will provide the necessary information on the general requirements, minimum balance and stamping for a bank statement. 

Schengen visa bank statement general requirements 

As stated previously, the bank statement is proof of sufficient means of subsistence. Generally, it should not be older than 3 months. However, it can also alter depending on the nation. The requirements also vary depending on the applicant’s employment status. 

For example, the Switzerland Embassy of India and Bhutan states that 

  • Employed individuals must produce the last 3 months’ salary slips, salary bank account statements, along with the last 3 months’ personal bank account statements.
  • For self-employed individuals, the financial proofs are the last 3 months’ personal and business bank account statements. 
  • If the applicant is a student or unemployed, the parents or legal guardians must provide their personal bank statements for the last 3 months.

However, the requirements for the Switzerland Embassy of the UAE and Bahrain have requirements as follows:

  •  Applicants must produce personal bank statements showing movements over the last 3 months or other verifiable evidence of sufficient subsistence during the intended stay.

So, it is advisable to check the bank statement requirements with the respective embassies before applying for the Schengen visa. Alternatively, applicants can visit the Ministry of Foreign Affairs of the Czech Republic website to obtain the harmonized list of supporting documents required for a Schengen visa application, including financial proof requirements, for various countries.

Minimum amount

The next big question regarding the bank statement is how much one should possess to obtain the Schengen visa successfully. However, this cannot be generalized as it depends on many factors. 

Each Schengen country demands a different minimum balance, and they don’t apply a fixed price, which can alter depending on the duration of stay and personal finances. For instance, in the Czech Republic: 

  • for stays of up to 30 days, the applicant must have a minimum of CZK 1,565 per day to meet the visa requirements.
  • for stays exceeding 30 days (up to a maximum of 90 days), the applicant must possess a minimum of 15 times CZK 3,130. This required amount increases by an additional 2 times CZK 3,130 for each full month, totaling CZK 46,950 plus an additional CZK 6,260 for each complete month.

As the minimum balance aspect differs from country to country, we advise the applicants to check the requirements with the respective embassies before applying for the Schengen visa.

Alternatively, applicants can refer to our dedicated Schengen visa minimum bank balance article, which details the minimum balance requirements for each Schengen country. 

Signature and stamping

Another significant requirement when submitting a bank statement is to be signed and stamped by the respective banks. The Embassy of Italy in Doha demands the last six months’ bank statement, which should be on the bank’s letterhead and with the bank’s original stamp. This is a general requirement for all countries. 

However, even here, there can be some minor changes in the requirements for certain countries. So, checking the individual stamping requirements for the respective country before applying is recommended.

How to obtain a bank statement for a Schengen visa?

The procedure for obtaining a stamped bank statement varies from one bank to another. However, it should not be cumbersome, as many banks offer features that simplify the process.

Some banks may require verification and charge a fee, while others provide digital options. You can easily obtain a stamped bank statement by reaching out to your bank and providing the necessary details.

For additional information on the application process, required documents, bank statement requirements and fee details for a Schengen visa, please refer to our dedicated Schengen visa article.

 

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