The Philippines is famous for its outstanding landscapes, and the wonderful beaches, temples, and exhilarating adventures make this country an exciting tourist destination. Hence, if visiting the Philippines is on your bucket list, you must first find all the travel information too!
And the most important thing to know is the details of the visa and what the visa requires. Among many other requirements, you must have a certain bank balance to visit the Philippines, and you will be asked to mention the bank balance in the visa application as well!
Therefore, this article aims to help you understand what the bank balance required for a Philippines visa is and how you can apply for the Philippines visa!
Why is the Bank Balance Required for the Philippines Visa?
The bank balance is required for many visa applications. This is because the embassy or consulate believes the bank balance is proof of the financial capacity you have to travel to another country.
Therefore, you must have proof of sufficient funds so that the embassies know you can cover your financial cost throughout the trip.
The financial proof can be shown in the form of bank balances, bank statements, etc. You can submit copies of these documents.
The financial proof is not just to show that you have enough financial resources to cover your trip but also that you will be coming back to your home country.
Moreover, the bank balance you provide must also be attested by the Ministry of Foreign Affairs.
Regardless of why you apply to the Philippines, you must provide your bank statements and balance. Therefore, all foreign nationals, whether a student, self-employed, employed, retired, unemployed, etc., must provide their bank balance details.
What Should be the Ideal Bank Balance to Obtain the Philippines Visa?
The bank balance needed for the Philippines visa is around $1000. The bank should be at least $1000 and not any less. The Philippines Embassy has decided upon this amount.
If you apply for a Philippines tourist visa, you must have at least $1000 in your bank account. Therefore, $1000 is the standard amount if you wish to stay in the Philippines for at least 30 days.
If you wish to stay in the Philippines for more than the duration of a tourist visa and wish to extend the stay by 30 more days, then you must have a bank balance of at least $2000. Any further Philippine visa extension will require proof of a higher bank balance.
If you provide your bank statements, they should highlight the transactions you've made in the last six months, and the bank statements should not be too old.
Philippines Tourist Visa
The Philippine tourist visa is a visitor visa that allows you to travel to the Philippines for tourism purposes. Therefore, if you want to visit the Philippines for exploration or recreational purposes, then you must get a Philippines tourist visa. There are also other types of visas, such as business visas, study visas, work permits, etc.
With the help of a tourist visa, you can also go to the Philippines to visit your relatives and friends. Moreover, you can get single entry and double or multiple entry visas.
What are the Requirements for the Philippines Visa?
The Philippines visa requirements include submitting the visa application form and a valid passport, which should be valid for at least 6 months after departure from the Philippines.
Moreover, you will also need to submit a passport photo and other supporting documents like the travel itinerary, which details your plan for the trip and describes how long you will be staying and the purpose of your visit.
Moreover, you must submit flight and accommodation details. Submitting the original bank statements, copies of them, and the bank balance is very important to show proof of sufficient funds.
Lastly, you will have to pay the Philippine visa fee.
How to Apply for a Philippines Visa?
If you wish to apply for a Philippine visa, visit the Philippine Embassy or the Philippine Consulate. Before visiting these places, schedule an appointment beforehand. As going directly will most probably not be facilitated. You can apply through VisaHQ as well.
VisaHQ is an online third-party agency where you can learn about Philippine visas. Just enter what country you belong to and the Philippines as your final destination, and all the details about the Philippine visa will appear. You can easily complete the Philippines visa application process too!
You can complete the Philippine visa application form online easily and then upload your documents, such as the bank statement, passport picture, etc. This is a smooth process that you complete comfortably. After paying the Philippines visa fee, you can wait for the visa to be processed and sent to you.