Money
Proof of Funds
Also called financial documents, show money
What is proof of funds?
Proof of funds is the set of documents demonstrating that you can pay tuition and living costs for at least the first year, usually bank statements, fixed deposits, an education loan sanction letter, or a blocked account. Every major student visa route requires it, and each sets its own rules about how long the money must have been held and whose account it may sit in.
Reviewed
Who needs proof of funds?
Every student visa applicant.
Common mistakes
- Funds deposited too recently to satisfy the maintenance period
- A sponsor whose relationship to you is not documented
- Figures that do not match the CAS, I-20 or offer letter