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How much savings do I need to show for a student visa for countries like Germany, Ireland, Canada, Australia, New Zealand, and the UK?

07 Sept 2026 · Answered by Yasika Choudhary · 2 min read
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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.

Yasika Choudhary
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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

CountryMinimum living costsHow you prove it
Germany€11,904/year (~€992/month)Blocked account (Sperrkonto)
Ireland€12,000 for the first yearBank statements / education loan
CanadaCAD $20,635 for the first year (excl. Quebec)GIC or bank proof
AustraliaAUD $29,710/yearBank statements, loans, or sponsor income
New ZealandNZD $20,000/yearFunds 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.

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