Bank balance certificate is a document issued by the bank that shows that an individual has a certain amount of money in his account. This is needed to see if the student can pay his/her fees without the aid of any jobs.
What it is:
- A document issued by your bank stating the current balance in your account.
- Required by the Australian Department of Home Affairs to demonstrate sufficient financial resources to support your studies and living expenses in Australia without relying on employment.
Purpose:
- Assures the visa authorities that you can cover your tuition fees, living costs, and travel expenses without needing to work in Australia.
Content:
- Account holder’s name and details.
- Account number and type (savings, current, etc.).
- Date of issuance.
- Current account balance as of the issuance date.
- Official bank stamp and authorized signature.
Additional Points:
- The required balance will vary depending on your study duration, location, and course fees.
- Australia typically requires bank statements for the last 6 months to assess your financial history and ability to manage funds.
- While a Bank Balance Certificate provides a snapshot of your current funds, the bank statements offer a more detailed picture of your financial transactions and stability.
Download the Sample for Bank Balance Certificate : Student visa application process for Australia
