Guide on Show Money for Visa Application to Travel Abroad
SHOW MONEY – Here’s what you need to know about the funds that you will present for visa application to raise your chance of approval.
While some countries do not require visa for those who wish to visit their place for various reasons, there are many countries abroad that require a travel visa for entry to these nations. Undeniably, many of these countries are some of the most beautiful and progressive nations that a lot of people look forward to visit.
Applying for a travel visa is not as easy as counting 1, 2, and 3 but take solace in the fact that countless people were granted visa. You just have to prepare all the requirements needed and be wary of the tips to increase your chances of approval.
In this article, let us talk about the “show money” for visa application. This refers to the funds that you will present in support of your visa application. It serves like an assurance to the Embassy officers that you have the capacity to visit their country as you have enough money in your bank account.
To present a show money for visa application, there are two (2) options — presenting a bank statement or a bank certificate.
A Bank Certificate is usually a one-page document that certifies that you have an account with the bank. Usually, it indicates the latest available balance in the account but you may also ask the bank officer to include certain details about your account.
A Bank Statement is a document containing a detailed record of your bank transactions, withdrawals, deposits, money transfers, etc. It includes the specific amount for each bank transaction as well as the dates.
With regards to the show money for visa application. It is important to know that the evaluators of visa applications observe the flow of the account carefully and can easily spot inconsistencies on your deposites. If you suddenly deposited P100,000 to your account a month before you applied for visa, it can be a red flag.
Based on The Poor Traveler’s blog, here are the important details often check by the Embassy in an account:
- Available Balance
- Opening Date
- Transactions
- Irregularities
- Consistency with other documents
Below, you can check the list of requirements set by countries that require visa for entry:
United States
Korea
- Requirements for Korean Visa Application for Seasonal Workers
- Requirements for Korean Visa Application for Businessmen
- Requirements for Visa application for Filipinos married to Korean nationals
- Requirements for Korean Visa application for seasonal workers
- Requirements for Korean visa application for family visits
- Requirements for Korean Visa application for students
- Requirements for Korean Visa Application for Retiree
- Requirements for Korean Visa Application for Employed Individuals
- Requirements for Visa To Study in Korea