Verifying your finances for the Schengen zone

Expect checks when verifying your finances for the Schengen zone.

If you plan on travelling to a member country of the Schengen zone, you will have to verify that you can cover the costs of your stay. If you are unable to prove that you have enough money to cover your costs during the visit, your application will be rejected. On this page, we will take a look at the steps of verifying your finances for travel within the Schengen zone.

Which documents can be used for verifying your finances for Schengen zone travel?

The authorities are lenient and will accept a range of documents for the purpose of verifying your finances. The most commonly used documents include:

• Personal bank statements for at least 3 months
• Credit card statements
• Traveller’s cheques
• Cash
• Payslips
• Proof of employment
• Documents attesting a sponsor’s readiness to cover your expenses during your stay
• Proof of prepaid accommodation
• Proof of prepaid transport

How much money do I need to visit Schengen countries?

Each member country of the Schengen zone decides how much money they require from applicants and the amount varies country by country. Some countries demand less if the applicant has prepaid accommodation. It is always important to find out what each country’s requirement is before making your travel plans. We offer a service that can help you with verifying your finances for travel within the Schengen countries. Here is a quick look at the requirements from the different Schengen countries.

Austria
Austria does not stipulate the amount of money required to travel within its borders. According to our knowledge, you will need at least €50 per day.

Belgium
Individuals that stay in hotels need at least €95 per day, an those with prepaid accommodation need €45 per day.

Czech
Roughly €53 per day, the equivalent of 1100 CZK (Czech Koruna)

Denmark
If you stay in a hotel, you will need 500 DKK (Danish Krone) €67, but if you plan to live in a hostel, the cost comes down to €47 per day.

Estonia
€86 per day

Finland
€30 per day

France
Individuals that do not have prepaid accommodation and those that wish to live in a hotel will need to have at least €120 per day.

Germany
€45 per day

Greece
€50 daily with a minimum of €300 for the duration of your stay

Hungary
€23 per day

Iceland
€33 daily or 4000 ISK (Icelandic Krona) with a minimum of 20,000 ISK or €160 for the duration of your stay.

Italy
The daily amount depends on the length of your stay and how many people are in your travel party. For stays of up to 5 days, the overall amount is €200 per person and €263 for two or more people.

Latvia
€17 per day, which is the cheapest daily rate in all of Europe.

Lithuania
€95 daily

Luxemburg
At least €95 per day

Malta
€45 daily

Netherlands
€43 daily

Norway
€53 or 500 NOK (Norwegian Krone)

Poland
Depends on the duration of the stay and type of accommodation. Roughly €25 per day.

Portugal
€40 daily with a minimum of €75 for the visit duration

Slovakia
€56 per day

Slovenia
€70 per day

Spain
Minimum of €574 for the duration of your stay

Sweden
€43 or 450 SEK (Swedish Krona)

Switzerland
100 CHF (Swiss Franc) or €43 per day

Lichtenstein
100 CHF (Swiss Franc) or €43 daily

Need more information?

If you are keen on experiencing all the beauty and bliss that Hungary and the other Schengen zone countries have to offer, our team of expert immigration lawyers can help you get there. Be sure to get in touch with us today to learn more about how we can help you with verifying your finances.