What are the Financial Requirements for Visitor Visa Australia 2024?
When applying for a Visitor Visa to Australia, there will be a long detailed list of requirements with financial documents being the most important requirement. As they are short-term visas that do not allow you to work, it is essential the Department of Home Affairs requires you to prove that you will be able to financially support yourself during your travels.
If you failed to meet the financial requirement, then there is a possibility that the application for the visa will be refused.
Financial requirement is only one of the Visitor Visa requirements you should meet. Note that you must provide other requirements such as identity documents relating to a national ID, birth certificate, and any other identity documents.
Why are Financial Requirements for a Visitor Visa Important?
In submitting visitor visas to any country, these financial requirements must be included, although in each visa application to several countries different conditions are required.
The financial requirements for an Australian Visitor Visa are no less important as it is a benchmark in determining whether you are eligible or not in applying for a Visitor Visa. It is to ensure that you are capable of supporting yourself during your stay in Australia and to go back to your home country.
What Financial Requirements You Should Submit and How Much the Required Minimum Bank Balance is
These financial requirements for Visitor Visa Australia generally include bank statements from the past 3 months with a closing balance of at least $ 5,000 AUD per applicant. Other than bank statements, you may provide payslips, audited accounts, taxation records, or credit card limits as supporting evidence.
But, if you have a sponsor in submitting a Visitor Visa for Australia, the financial requirements should be provided by your sponsor. The required documents are similar, which includes Australian income or overseas tax assessment, bank statement for the last 3 months with a closing balance of at least $ 5,000 AUD for one applicant, as well as proof of ownership of assets in Australia (home, car, business, etc.). As the applicant, you may also provide the same documents to strengthen your Visitor Visa application.
We understand that financial requirements for Visitor Visa are one of the conditions that can confuse you.
If you have concerns about understanding these financial requirements for Visitor Visa but still want to come to Australia, we recommend using a professional and trusted migration agent to avoid rejection of the Visitor Visa application.
Book an appointment with our Registered Migration Agent now with 100% refund guarantee if you’re not satisfied with our service. We have a 98% success rate and experts in complex cases. We will ease your concerns in meeting the financial requirements. Call us or click below:
Don’t panic! We’re here to help you.
We understand that applying for Australian Visitor Visa is certainly very complex. But, don’t worry. Our visa specialists at ONE derland Consulting will help you assess your visa options. We have a 98% success rate and one of the most recommended migration agents in Australia. Read our 4.9* score customer reviews.
We specialise in complex visa cases. As a registered Australian migration agent with the Migration Agents Registration Authority (MARA), we are regulated in our professional practice and bound by the profession’s Code of Conduct issued by the Migration Agents Registration Authority.
Take the first step and get in touch with us. Our team members are professional and honest and speak various languages, such as Mandarin/Chinese, Bahasa Indonesia, Arabic, Japanese, and Thai. Contact us by email at [email protected] or by phone at 1300 827 159. Alternatively, you may book your consultation online, and it is backed by our 100% Money Back Guarantee Program.
