The Schengen Area, a group of 27 European countries, offers a fantastic opportunity for travelers to explore diverse cultures, stunning landscapes, and historic cities. However, before you embark on your Schengen adventure, it’s crucial to understand the visa requirements, particularly the minimum bank balance you need to demonstrate to ensure a smooth and hassle-free trip.
Schengen Area Overview
The Schengen Area comprises the following 27 member countries:
AustriaBelgiumCzech RepublicCroatiaDenmarkEstoniaFinlandFranceGermanyGreeceHungaryIcelandItalyLatviaLiechtensteinLithuaniaLuxembourgMaltaNetherlandsNorwayPolandPortugalSlovakiaSloveniaSpainSwedenSwitzerland
To enter any of these countries, you’ll need to fulfill specific visa requirements, including demonstrating your financial capability to support your stay. The exact requirements vary from one country to another, so it’s essential to be well-prepared.
Financial Requirements
When planning your Schengen trip, you must meet specific financial requirements. Your financial status can be proven through a bank statement, which should not be more than 30 days old. However, if you plan to stay with a friend or family member during your visit, you’ll need to provide a letter of support from them instead of a bank statement.
Below is a table outlining the minimum bank balance requirements for Schengen Visa applicants from different countries, including Pakistan:
CountryDaily Required AmountAustriaEUR 100BelgiumEUR 45 (if staying with a friend or family member) or EUR 95 (if staying at a hotel)CroatiaEUR 95 (if staying in a hotel) or EUR 45 (if staying in more affordable accommodation)Czech RepublicCZK 1,565 (for stays of up to 30 days) or CZK 46,950 plus CZK 6,260 for each complete month (for stays exceeding 30 days)DenmarkDKK 350EstoniaEUR 130.80FinlandEUR 30FranceEUR 65 (if staying with a friend or family member or staying in a hotel), EUR 120 (if having a partial hotel reservation), or EUR 120 (if having no accommodation arrangements)GermanyEUR 45GreeceEUR 50HungaryHUF 10,000IcelandISK 4,000ItalyEUR 296.60 (for stays of 1 to 5 days), EUR 44.93 (for stays of 6 to 10 days), EUR 51.64 and EUR 36.67 (daily sum per person) (for stays of 11 to 20 days), or EUR 206.58 and EUR 27.89 (daily sum per person) (for stays of more than 20 days)LatviaEUR 14LiechtensteinCHF 100LithuaniaEUR 40LuxembourgEUR 75MaltaEUR 48NetherlandsEUR 55NorwayNOK 500PolandPLN 200PortugalEUR 75SlovakiaEUR 55SloveniaEUR 55SpainEUR 100SwedenSEK 450SwitzerlandCHF 100
Please note that these amounts are subject to change, and it’s essential to check with the respective embassy or consulate of the Schengen country you plan to visit for the most up-to-date information on visa requirements.
By ensuring you meet the minimum bank balance requirement for your chosen Schengen destination, you’ll be one step closer to making your European travel dreams come true. Happy travels!