Parul & Jagdeep

How much bank balance is required for an Australia tourist visa?

24-05-24
Yogesh shukla
121

Are you planning to travel to Australia or want to apply for an Australia visitor visa or Tourist visa, you may have this question How much bank balance is required for an Australia tourist visa? orthe minimum bank balance for a visitor visa in Australia. This article will help you to understand the fund’s requirements for an Australian tourist visa

Understanding the need behind the minimum bank balance for a visitor visa in Australia

The Australian Department of Home Affairs requires all visitor visa applicants to demonstrate that they can financially support themselves for the duration of their stay without resorting to work or relying on public funds. This requirement ensures that visitors can cover costs such as accommodation, food, transportation, and other expenses.

 General Guidelines for Bank Balance

The Department of Home Affairs hasn’t given any specific guidelines for the required amount. However, it is observed that an individual should have at least AUD 5,000 to AUD 7,000 as the minimum bank balance for a visitor visa in Australiaavailable for a short trip (one to three weeks). For longer stays, you should show additional funds proportional to the length of your visit even though no fixed amount has been specified.

Illustrated below in the table is a set of minimum funds for an Australia visa.

 Number of applicants

Funds in AUD

Funds in INR ( if 1 AUD = Rs.55) 

1 applicant

 $ 10,000

Rs. 5,50,000

2 Person

 $  15,000

Rs.  8,25,000

3 Person

$ 20.000

Rs.  11,000,00

 

Mentioned below is a more detailed breakdown:

  1. If an applicant plans to stay for 1 week to 3 weeks, then he or she must provide the following bank balance:  Minimum Bank Balance -AUD 5,000 - AUD 7,000
  2. If an applicant plans to stay for 4 weeks to 8 weeks, then he or she must provide the following bank balance: Minimum Bank Balance - AUD 10,000 - AUD 15,000
  3. If an applicant plans to stay for 3 months to 6 months, then he or she must provide the following bank balance:  Minimum Bank Balance - AUD 20,000 and above
     

What factors influence the minimum bank balance for visitor visas in Australia?

Several factors can influence the amount of funds you need to show, including:

  • How long do they plan to stay:

If an applicant plans to stay longer, they need to provide more proof of funds to cover their stay such as tickets, accommodation, living costs, etc.

  • Travel Plans of the Applicant:

If an applicant wishes to travel extensively within Australia, factor in the costs of flights, hotels, and tours.

  • Free Accommodation:

Staying with friends or family can reduce the amount you need to show, but you must provide evidence of free accommodation.

  • Dependents:

If you're travelling with dependents, you'll need to demonstrate additional funds to cover their expenses as well.

 

What are the tips to consider when providing your proof of funds?

  1. The applicant must ensure that their bank statement shows consistency in the bank balance and they must maintain this rather than large, last-minute deposits.
  2. If an applicant has large funds deposits, then they must provide an explanation or source of those funds.

Final Thoughts

Though the Department of Home Affairs has not set any requirements for a minimum bank balance for a visitor visa in Australia, demonstrating a sufficient and stable bank balance is crucial for a successful Australia Visitor Visa application. So, if you are planning a trip to Australia, ensure you have a minimum bank balance for a visitor visa in Australia. It will make your application process smoother and increase your chances of approval.

Still you have any queries please consult to our Australia visitor visa consultant at 750-383-2132/ 928 928 9006/ 928 928 9007.  if want to watch our testimonial experience please visit here  https://www.aptechvisa.com/testimonial 

 

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