How much money to show in bank account for Australia visa?

Financial Requirements for Australian Student Visa Applicants

To obtain an Australian student visa, international students must prove that they possess adequate financial resources to support themselves throughout the duration of their studies in Australia. The Department of Home Affairs sets minimum financial requirements that applicants must meet.

Single Applicants

As of May 10, 2024, a single student visa applicant must demonstrate that they have at least $29,710 AUD in their bank account. This amount is calculated based on an estimated annual living cost of $21,041 AUD, plus 12 months of living expenses for the duration of their intended study period.

Couples Applying Jointly

If a couple is applying for a student visa together, they must show an additional $10,394 AUD in their bank account. This amount represents the additional living expenses required for a partner during the first 12 months of their stay in Australia.

Evidence of Financial Resources

Applicants can provide evidence of their financial resources through the following documents:

• Bank statements showing the required amount in their account for at least six months before applying for the visa.
• Evidence of a scholarship or grant that covers the required amount.
• Evidence of a financial sponsor who has agreed to provide financial support for the applicant.

Note:

• The financial requirement may vary depending on the student’s country of origin and the duration of their intended study period.
• Applicants are advised to check the official website of the Department of Home Affairs or consult with an education agent or registered migration agent for the most up-to-date information on financial requirements.
• Meeting the minimum financial requirement does not guarantee visa approval. Other factors, such as the applicant’s academic qualifications and purpose of study, will also be considered.