Finance

Proof of Funds

Updated June 2026

Documentary evidence that you can pay for your trip or studies and your living costs, usually shown through bank statements, sponsorship letters or instruments like a GIC. The amount and the holding period are often specified by the visa.

Related terms

TermBlocked AccountA special bank account, common for German student visas, holding roughly one year of living costs that you can only draw down in monthly amounts after arrival.TermSponsorA person or organisation that takes financial or legal responsibility for an applicant — a relative funding a trip, an employer offering a job, or an institution issuing study documents.

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