How much savings do I need to show for a student visa for countries like Germany, Ireland, Canada, Australia, New Zealand, and the UK?
Living cost proof for a student visa varies widely by country: Germany needs about eleven thousand nine hundred euros a year, Ireland twelve thousand euros, Canada twenty thousand six hundred thirty five Canadian dollars, Australia nearly thirty thousand Australian dollars, and the UK ten to fourteen thousand pounds.
Every one of these six countries requires you to prove you can cover a year of living costs before granting a student visa, but the exact amount and how you prove it differs sharply by destination. Use the table below to see exactly what you need to arrange for your specific country.
Minimum living cost requirements
| Country | Minimum living costs | How you prove it |
|---|---|---|
| Germany | €11,904/year (~€992/month) | Blocked account (Sperrkonto) |
| Ireland | €12,000 for the first year | Bank statements / education loan |
| Canada | CAD $20,635 for the first year (excl. Quebec) | GIC or bank proof |
| Australia | AUD $29,710/year | Bank statements, loans, or sponsor income |
| New Zealand | NZD $20,000/year | Funds Transfer Scheme or verified savings |
| United Kingdom | £13,761 (London) or £10,539 (outside London) | Bank statements held for 28 continuous days |
Details worth double checking
- These figures are living costs only, except in Germany. You must add your full or partial first year tuition on top, which is listed on documents like your UK CAS.
- The UK's 28 day rule is strict: your balance must not dip below the threshold for even a day within that 28 day window.
- Most countries, especially the UK, Australia, and New Zealand, also check three to six months of account history to rule out funds parked right before your application.
My Advice
Open whichever proof-of-funds instrument your country requires, a blocked account for Germany or a GIC for Canada, at least two months before your visa appointment, since processing these accounts often takes longer than students expect. Never make a large, unexplained deposit right before applying; build your balance gradually so your bank statements tell a clean, consistent story.
Cash income, business income or no ITR?
See whether your funds and documents will pass the Australian visa check.
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