Financial Documents for Your Visa: The Main Pitfalls

Why people get refused even when they have the money

The consul has to be sure you can pay for your studies and living costs without working illegally. Mistakes in your finances are one of the main reasons for refusals.

Rule No. 1. The money must «settle»

Many countries require the funds to have been in your account for at least 3–6 months. Transferred a large sum the day before applying? The embassy will suspect a loan and refuse.

Rule No. 2. The right account

The account must be in your name or your parents' (with notarised consent). Accounts belonging to friends, employers or distant relatives won't do.

Rule No. 3. Documents in Russian don't work

You'll need a translation of the statement into English or the country's language, often with an apostille or notarial certification.

How much do you need?

• Germany: ~12 000 € per year (blocked account)

• USA: tuition + ~15 000 $ for living costs

• Canada: ~10 000 CAD on top of tuition

• Czech Republic: ~5 000 € for living costs (a certificate is acceptable)

A tip from Edunation: we check your financial documents before you apply, provide samples and help you open a blocked account wherever it's needed.