To obtain a student visa for Spain, applicants must demonstrate financial stability by maintaining a minimum bank balance. The requirements can vary based on the duration of the study program. Based on the Public Multiple Effects Income Indicator (IPREM), the minimum bank balance required for a Spain study visa is set at EUR 600 per month.
It is advisable to maintain a balance above the minimum requirements to facilitate quicker visa processing and to cover unexpected expenses during your stay. You are also required to provide certain documents to support the financial claims for the visa application. Check out the minimum bank balance requirements for a Spain study visa in this blog.
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Bank Balance Requirement for Spain Study Visa
For Indian students, The Spanish government suggests a total of at least EUR 7,200 for a one-year residence permit as the annual minimum bank balance requirement for a Spain study visa.
If you plan to pursue short-term courses (less than 90 days), you don’t need a student visa. However, as per immigration guidelines, it is advisable to have a minimum balance of EUR 113 per day (INR 10,216) to avoid any immigration hassles upon arrival.
Generally, the minimum bank balance requirements are calculated as a multiple of the Spanish Public Multiple Effects Income Indicator (IPREM), which is around EUR 600 per month (INR 54,500) as of 2025. These funds can be provided by a parent or a legal guardian.
| Minimum Bank Balance for Spain Study Visa | |
| For Short Term Courses (Less than 90 days) | EUR 113 per day (INR 10,216) |
| For Long Term Courses Bachelors- (EUR 600 x 36 months) Masters- (EUR 600 x 24 months) | EUR 600 per month EUR 21,600 (INR 19.5 lakhs) EUR 14,400 (INR 13 lakhs) |
Pro Tip: It is ideal to maintain more than the required minimum balance for a Spain study visa as this ensures quicker visa processing. These are similar to the minimum balance requirements for a Schengen Visa.
Also Read: Check here all the important details about education loan against mutual funds to study abroad.
Why Minimum Bank Balance is Required for Spain Student Visa?
Securing a Spain student visa involves proving your financial capability to support yourself throughout your stay. The minimum balance requirement of EUR 600 per month is a crucial part of this process. This is required because studying abroad comes with various costs like accommodation, food, transportation, and personal expenses. The minimum balance ensures you can comfortably cover these day-to-day expenses. You can use a student account in N26 Bank to show appropriate funds.
- While tuition fees ranging from EUR 1000 to EUR 17,000 in Spain might be paid separately, having a substantial balance showcases your ability to manage overall financial obligations during your studies.
- Unexpected costs can arise during your stay. A healthy bank balance acts as a safety net for emergencies like medical expenses or travel disruptions.
Disclaimer: The specific amount required might vary depending on factors like your chosen city, accommodation type, and personal spending habits. It’s always advisable to check the latest requirements on the Spanish embassy or consulate website before your application.
By demonstrating financial stability, you increase your chances of getting the Spain student visa and enjoying a stress-free academic journey.
Financial Documents to Prove Minimum Bank Balance Requirments for Spain Student Visa
Careful documentation is required for getting your Spain student visa approved. Important documents like bank statements and sponsorship letters are required to show a minimum bank balance in your account. Make sure to submit original documents to support your application.
- Evidence of your accommodation arrangements, such as a rental agreement or hostel reservation.
- Official application form with a parent or guardian’s signature.
- Proof of admission to a recognized Spanish educational institution.
- Bank statements and sponsorship letters by choosing to apply for applicable scholarships to study abroad provided by the Indian Govt.
- Evidence of savings and investments.
- Proof of comprehensive health insurance covering your entire stay in Spain.
Also Read: Want a secured loan at low interest rates? Check here all about education loan against FD to study abroad
How to Prepare Financial Documents for a Spain Study Visa?
Ensuring a minimum bank balance for a Spain study visa is very important. Another important step is to prepare the financial documents carefully. Make sure to show recent bank statements (3-6 months) displaying the required funds in your account.
- If someone else is footing the bill, get a notarized sponsorship letter along with their bank statements and proof of relationship (like a birth certificate).
- Any financial aid can bolster your application. Bring official documentation. However, expected income is not considered valid for the Spain student visa.
- If needed, consider including savings, investment, or credit documents.
- Check the amounts and minimum balance required for a Spain study visa. Authorities want to check that you have a sufficient amount/ funds available in your account.
This was all about the minimum bank balance requirements for a Spain student visa. While higher studies in Spain, you also engage in extracurricular activities, travel, and social life apart from academics. Sufficient funds allow you to fully experience student life in Spain conveniently and nicely.
To know more about education loans, the best bank accounts for students, forex and banking experience for global students or international money transfers, reach out to our experts at 1800572126 to help ease your study abroad experience.
FAQs
The minimum bank balance required is based on Spain’s Public Multiple Effects Income Indicator (IPREM), which is approximately EUR 600 per month in 2025. For a 12-month course, this totals EUR 7,200, and for a 9-month course, it would be EUR 5,400.
Yes. It is mandatory to show the minimum balance in your bank account. This ensures you can comfortably cover the day-to-day expenses of studying abroad. The specific amount required might vary depending on factors like your chosen city, accommodation type, and personal spending habits.
Important documents like bank statements and sponsorship letters are required to show a minimum bank balance in your account. Make sure to submit original documents to support your application.
Make sure to show recent bank statements (3-6 months) displaying the required funds in your account. Bring official documentation and consider including savings, investment, or credit documents.
For short-term courses (less than 90 days), the minimum balance required is EUR 113 per day, ensuring you have enough funds to cover daily expenses during your stay.
Yes, a parent or legal guardian can provide financial proof through sponsorship letters along with their bank statements. This must be accompanied by proof of relationship, such as a birth certificate
Failure to demonstrate sufficient financial means can result in visa rejection. It is crucial to meet or exceed the minimum balance requirement to ensure your application is approved
Yes, you may also need to show proof of tuition fee payment, accommodation arrangements, and comprehensive health insurance covering your stay in Spain
For a Spain visa, you need to show EUR 7,200 annually while a Schengen student visa requires you to maintain a minimum balance of EUR 1,350 to 1,500 per month or EUR 18,000 annually.
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