How does the show money requirement work for Australia visa applications?

You must show proof of sufficient funds when applying for an Australian student visa (Subclass 500). As of 1 July 2025, you need to demonstrate access to at least AUD 29,710/year for living expenses, plus your first-year tuition fees and about AUD 2,000 for travel.

Acceptable financial evidence includes:
- Bank statements (showing a stable balance for at least 3 months)
- Education loan sanction letters
- Scholarship award letters
- Sponsorship letters (with supporting documents)

Funds must be genuinely available and not just temporarily deposited. Unexplained large deposits can lead to visa refusal. Requirements are subject to change.

If you need help preparing your financial documents, reach out to your LeapScholar counsellor.