Study Abroad

How Much Bank Balance is Required For US Embassy?

A bank statement is one of the important documents required at the US Embassy for consideration to gain US VISA approval. As long as you will be traveling to the United state, you must have spare cash to take care of yourself for the period being. So at the US Embassy in Nigeria or any other country, this bank state must be presented, showing the balance of your account.

Is the Bank Balance really Important for a US VISA Approval?

Yes, it is important. The United States government requires all international applicants to provide proof of ability to pay tuition and living expenses before the forms needed for obtaining a visa can be issued. This proof can come in the form of personal or family bank letters, bank statements, stock statements, company sponsorships, etc

Sometimes, presenting a bank balance is utterly irrelevant to a US tourist/visitor visa application for five main reasons:

  1. Many of the bank documents that consular officers see are forgeries, so they are trained to not only ignore them but consider them suspicious.
  2. Many of the genuine bank documents are those of entire families, and the person who presents them has no actual control of the money.
  3. The amount of money you have in the bank has nothing whatsoever to do with your reasons to visit the US, and your reasons to return.
  4. Having a lot of spare cash would make it easier to set up a life in the US.
  5. International wire transfers.


What is the minimum bank balance for a US visa?

The amount of bank balance you should have for applying for a US tourist visa depends on the duration. If it is a 15-day trip, you must have $ 5,000-10,000 in your bank. Is travel insurance compulsory for the US travel visa?

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