Of all the requirements necessary for travel visa applications, one of the most common requirements is your financial capability to prove that you can finance your trip. From the point you leave your home-country, during your stay and to the point of return. You have to be able to convince and prove that you are capable of taking care of your financial needs whether you are studying, on a business trip or as a tourist. Traveling has mostly been due to proper and careful planning and prioritization. You don’t necessary have to be a millionaire to tour the world. Here are some ways you can show your financial capacity.
YOU SHOULD HAVE A STEADY SOURCE OF INCOME.
This is one of the most important aspect of financial proof. You should be able to show that you have a steady and reliable source or sources of income to bank on. Be it in the form of steady business income, monthly salary, etc. This is very much attached to your bank statement and is the usual reason why a 3 to 6-month bank account statement is necessary. When this sort of income source(s) is or are available, then you are confident to say you can sponsor your trip and not engage in any sort of illegal activity or get stuck in your destination.
You are mostly required to attach your previous 3 to 6 months personal bank statements certified by the bank, previous 3 months pay-slip certified by your employer if employed; and a letter of introduction from the employer or company you work for.
If it happens you are not the one sponsoring your trip, then you will need to present Affidavit of support as the case may be.
BE SURE OF WHAT YOU SAY AND STICK TO IT.
Imagine a scenario whereby you are a wage earner or a student and the volume in your account balance says otherwise. You may just be shooting yourself in the foot. If you say you’re a student or you’re a minimum wage earner, you can’t have millions of naira in your bank account and expect them to not carry out investigation which will incur further delays. Or you tell them you’re the CEO of a particular company and your account is alarming red. Be sure you are true to what you say you are and let that correlate with things attached to you.
YOU SHOULD HAVE ENOUGH MONEY TO COVER YOUR LIVING OR TRAVEL EXPENSES.
This is where proper travel savings plan come to play. You should have enough money in place, well planned out to take care of all your expenses. Now here comes the answer to the most asked question _ ‘How much money should I have in my bank account?’ Good news is some countries are straightforward in how much you should have. This is usually equal to the ‘living expenses’ that you’re going to incur in their country while you’re staying there. Credits: Kach Howe.
4. SOCIAL MEDIA PROFILE.
Here is a quick one, an area where most of us may not consider when we are involved in some official activities – the use of social media!
Be mindful of the kind of information you post on your page as this may serve as an hindrance at times. Make sure you check and use your social media handles responsibly and in your favor. Be consistent and honest with the information you pass on there. If you’re a business owner, clearly state that in your profile. Some people have been denied as a result of inconsistent information or information that does not correspond with what they give to the embassy.
We believe these few tips are useful and helpful in regards to the questions of financial capability. Are you looking forward to securing travel visa and you still feel stuck? Don’t worry, we are here to help. Feel free to click here https://www.visapoint.travel to start an application on visa processing & advisory and expedited visa for all your short trips. You can also book an appointment with us to meet with one of our lead consultants and travel experts who will give you a guide.
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