bank statement for university admission

International students should send Bank statement for University admisison to receive I20 (or financial affidavit) for both  Undergraduate and Graduate school applications in the U.S. An Form I-20 will be issued for international students only after the applicant’s bank statement is received by a university.

Today, the topic of interest is all about bank statements when applying for admission in American universities.

1. Why do colleges and universities ask for bank statement for admisison and I20 issuance?

The U.S. Education is expensive. It is considered expensive even by local American students. This is why universities want to make sure that students who apply for admission have enough financial resources to cover for the cost of education.

2. How much bank balance must be declared while applying at graduate schools?

For international students, universities typically ask for bank statements that show proof to cover at least the 1st year of college expenses. Even if you are going to study for 2, 4 or 5 years, they need to show bank balance for 1 year of expenses. One year expenses include tuition fee, living expenses, books, and health insurance.

Couple of Examples:

3. How long should the balance should be in the account for graduate school admission?

As long as you need to get the sufficient number of bank statements (on original letter head with the bank seal and manager’s signature).

Some of them would have accounts in different banks and in different currencies. In that case, you must transfer money from your different banks into one bank to get a single bank statement.

4. What if part of my money is in the form of Fixed Deposit/CD and part as cash?

It’s necessary that you have the required minimum bank balance in cash in your bank account.

If 50% is under a Savings Account and 50% is as CD or Fixed Deposit, you can get a bank statement that declares you have cash in 2 different forms and the total is equal to 100% in one single statement.

5. What should be the contents of the bank statement?

  • Name of your Sponsor
  • Relationship to the Sponsor
  • Type of Account(s)
  • Current Balance (in local currency Rupees, Euro, Yen, etc.)
  • Equivalent in U.S. Dollars
  • Conversion Rate used for calculation (Say 1USD = INR 39).

Refer to How to get the Bank Statement for US College admission to get the template that you can use for your bank statements.

6. Do universities accept photocopies of bank statements?

You need to get bank statements in the original letterhead from the bank with Signature and Seal from the Bank Manager. Universities usually don’t accept photocopies of bank statements. Some colleges require Financial Affidavit form in addition to the bank statement.

7. Do colleges accept attested copies of bank statement?

No, even if it’s attested by the same bank manager they expect original statement. Why take the risk of sending photocopy when the universities had explicitly asked you to send original copies before the form I-20 can be issued?

8. When to send a bank statement? Is it along with graduate school application packet or after getting the acceptance letter?

It’s based on graduate school policy. Some universities would want you to send the bank statement only after you are admitted to the program. But, most colleges want the financial documents along with the other application documents.

Unless otherwise mentioned specifically to send bank statement after issuing acceptance, it’s always better to send the bank statement for graduate school admission along with other application documents to the graduate school.

This topic is discussed in detail at When to send the bank statements.

9. Can we get admission to a graduate school without sending a bank statement?

Please refer to the previous answer. If you couldn’t send a bank statement along with your application package, send a note along with your application documents stating that you will send bank statement within a specific period of time.

Some schools will consider your application packet to be incomplete unless they receive your bank statement.

10. How long is a bank statement valid?

Universities in the U.S. consider bank statements to be valid for 6 months from the date the document is issued. As such, you would need to take 2 bank statements to address your needs.

One is for admission purposes and one for the visa interview. Even though both admission and visa come within 6 months, I would try to get a more recent bank statement while appearing for a visa interview.

11. At what stage of the graduate school application process the bank statement is used?

A bank statement is used to check if a student has enough financial resources to afford the cost of education in the U.S. And a school’s international office needs the financial proof so as to issue an I-20.

12. Does the location of the bank matter (city or village)?

Nope, not at all. As long as the bank statement is in English, the location of the bank doesn’t matter.

13. What if I don’t send the Bank Statement to the college?

Without a bank statement, your I20 cannot be issued. It’s required by the law for an international student to show proof of funds. You can get admission, but to get I20, you need the bank statement.

Related Articles


These days, some universities like North Carolina State University would requires the student to send the bank statement only after receiving admission. In such instances, you can get admission, use the admission letter to get education loan, then send the bank statements.


  1. Adwita on June 5, 2019 at 1:58 PM

    Question regarding showing financial proof for F1 VISA interview:
    I have a bank loan sanctioned which amounts to around 1.2 times the i20 amount. I have heard that it is better to show 1.5 times the i20 amount. In order to have 1.5 times the i20 amount, I need 10 lakh rupees more. My father is retired now and I can not bring up 10 lakhs immediately. Is it ok to borrow money from friends and put in my father statement until visa interview? How many days before should I transfer? Or is there any other option?

  2. Sindhu on November 20, 2018 at 6:41 AM

    Hello, I did my Masters in CS 2012-2015 and was on OPT 2015-2016 which was then converted to H1-B 2016-2017.I applied for H1 transfer and extension in 2017 which got denied in 2018. I had to leave the country in may 2018 as my I-94 was expired. I am now planning to do a second Masters and get F1-visa through the interview. I wanted to know if i can show the funds I have in the US funds as the financial proof during the interview. If not, can my uncle staying in the usa show the bank statements, tax returns and affidavit support as he will be sponsoring my education? Is it needed that he should be a citizen or permanent resident? Please advise.

    • Raghuram Sukumar on November 21, 2018 at 12:37 PM

      Yes, you can show your funds and relatives. But, you have a much bigger issue, which is why Second Masters Degree.

  3. Mahalakshmi.K on March 8, 2018 at 12:38 AM

    Sir, my son pursue to study in US – MS in Electricals. For financial aid i have the following doubts
    i) can we show the Fixed Deposits of Tamilnadu State Co-operative Bank,
    ii) Can we show the fixed deposit of New India Assurance Co Ltd’s Co-operative Socity

    • Raghuram Sukumar on March 8, 2018 at 8:45 PM

      Yes, you can show both for receiving I-20 and also for Visa. Please do check my F1 Visa Coaching.

  4. Bobby joe on November 13, 2017 at 1:18 PM

    Are these bank statements send to the homeland security for checking to be granted or send to the embassy in each student country

  5. gopala krishna on October 9, 2017 at 1:57 AM

    can we provide a bank statement mentioning two account holders i.e father and mother, having a total amount which is equivalent to 100% of the amount need to be paid. Is that possible to get a bank statement in that way.? if yes, then please mention the kind format it should be in.

  6. Chandershekhar on September 19, 2017 at 9:32 AM

    If fixed deposit is name of grand mother and father(second name)
    Jointly.than whether these fund will be considered as self funded or sponsored.
    Secondly whether and how bank statement is required for i30 and visa purpose.

  7. raquel on June 9, 2017 at 6:20 AM

    Hey, I am curious as to how much you need to have in your account for entering the States??

  8. Aqib tariq on May 5, 2017 at 1:03 PM

    hi sir how are you?i have a question consistently strucking my mind that do we have to send bank statement along with letter head only once to the university and fortuntey if i get an appoinent after whole process with US visa counselor and again i have to show to him or not?please help me out with this..

  9. Janvi K on April 21, 2017 at 5:34 AM

    Will it be okay if the sponsor mentioned in my bank statement submitted to university for issuance of I-20 differ from the sponsor I will be showing for the Visa interview? A relative was supposed to help me with the sponsorship but now since it did not work out I will be getting the same from an uncle. Will this cause any trouble? Kindly help.

  10. AmanDeep on March 10, 2017 at 9:30 AM

    Hello sir .. I have my father’s GPF account and have sufficient amount for take I20 should I show to US college of departmental statement with original overhead of department name and seal and sign .. Or bank statement is compulsory for I20

  11. Dibyendu Mondal on March 8, 2017 at 1:29 AM

    Can my uncle sponsor me ?? I want to show his bank statement to get the i20 form ..
    Is that possible ??

  12. Sumesh Wali on March 2, 2017 at 12:02 PM

    hello sir ,
    I want to pursue my MS in NYIT and i was facing problem to arrange $41000 in my deposit account to show to the universities as my financial hence i contacted bank officials regarding this so they suggested me to submit a loan sanction letter from bank but amount will not dispersed from until they get I20 form.
    They suggested only to submit the sanction letter to show as financial support .
    Will it be right if i submit the loan sanction letter.

  13. Seema Kamat on February 24, 2017 at 4:04 AM

    Hi Raghu,

    I am planning to do MS in the U.S. Can you please let me know the minimum funds/cash that I need to maintain in my bank account?


  14. Yohannes on January 18, 2017 at 11:55 AM

    This time students from poor countries having admission from US universities are getting problem from the US Embassy on those particular countries. The problem is they deny us to give the visa even though we have sufficient bank statement or financial proof. So what do you think the best solution for such obstacle?

  15. Gresa on November 24, 2016 at 5:17 AM

    Hello, I was admitted in the University of Nebraska, they sent me only the i-20, but not the rest of the Documentation (Highschool transcripts and Bank statements).
    Do I need the rest of the Documentation for my Visa interview ? or can I have the interview without them,.
    I need answers asap.
    Thank you

  16. Oscar on November 22, 2016 at 2:31 AM

    Hello I was just wondering if I show the bank statement and I got accepted can I use the money later

    Or the college will be asking me for the bank statement every 6 months

  17. Madhusudan on November 11, 2016 at 1:59 AM

    I am the sponsor for my son for study ms at us ,
    If I show about 45 lakhs in sb accounts if myself & My wuf is it ok ?
    Canara bank has told they will issue a printed statement,even with logo also,
    This will be in black & White & not a printed letter head,stamp it & sign by manager on all copies,
    Is this acceptable,
    Pl reply asap,

    • Raghuram Sukumar on November 11, 2016 at 4:06 PM

      I can’t provide consulting for visa via blog comments. Please sign-up for F1 Visa Coaching. I need more details (my questionnaire is long and detailed).

  18. Melwin on November 1, 2016 at 11:50 AM


    i need to show $40000 in my sponsor accounts, prior to filling the application of enrollment.
    Now loans are my means of paying the fees, but i cannot get a loan till i get an admit.
    So, now i’m stuck.
    Can i show my parents PF for this purpose coupled with some liquid cash balance in their account?

  19. Ahsan Ali on October 28, 2016 at 4:02 AM

    I have been denied my F-1 visa, The consular who denied, stated that the policy has changed from 1 year to 3 years, I had the amount for 1 year in my bank (more than the required amount for 1 year). I’ve searched everywhere on the Web as well as their official page, But there is no where stated that the policy has changed to at least 3 years.

  20. Sankar on October 21, 2016 at 5:37 AM

    Please clarify/answer the following questions
    1) Do i need to send the Bank Financial statement during the application process or after getting the admission confirmation?
    2) If the bank account is in the name of parents do they need to give affidavit that they are paying to their son/daughter?
    3) Do we need to get any letter from auditor on the overall assets including house etc for application or post admission process?
    Thanks in advance

  21. Rajanee Patel on October 18, 2016 at 8:06 AM

    Hi.. I’m confused about bank. Do we need to bank balance letter from nationalised bank or it will be ok if we get letter from co operative bank for Visa? Plz reply asap.
    Thank you.

    • Raghuram Sukumar on October 18, 2016 at 9:13 AM

      Any bank would work. You don’t have to get from nationalized bank. Value of the money is the same irrespective of the bank that holds it.

  22. Tarun Dholariya on October 7, 2016 at 6:23 AM

    Hi, I got admit from UT Arlington and I-20 is issued, now for VISA, suppose my Interview date is 25 November 2016, then when should I get bank statement ? or should I maintain bank balance till visa interview, if yes then from when I should deposit funds in account ?

  23. Anastasia on October 6, 2016 at 6:58 PM

    For how long should the money be on the bank account after you showed it for I-20 and admission ? Can I have a bank loan, use those money for I-20 form and financial proof in college and then withdraw those money to pay the bank back?

  24. Prithiv on September 29, 2016 at 11:07 AM


    I have a doubt. Please clarify. I took a financial statement in my name a month ago.
    It is insufficient for the another university which I got admit recently.
    Can I take an another financial statement in my father’s name for the remaining amount now and send both the statements?

    Mine with the last month date and Father’s with recent date.

    Thanks in advance !!

  25. Saif on September 19, 2016 at 9:51 AM

    Sir i live in Muscat Oman
    can i apply for f1 visa from muscat
    but my funds and bankstatement i can show in my india’s bank account
    can it be accepted ? as my parents are sponsoring me and there live in india

    • Raghuram Sukumar on September 20, 2016 at 7:50 AM

      What are you doing in Muscat?

  26. sneha Pappu on September 7, 2016 at 6:55 AM


    I am from India. I have got acceptance in UMass Lowell. I have my sister in Boston – USA. Can I show her funds as my sponsor to get I20? Will this be an issue when I go for the Visa interview?


  27. Aashish Kumar on June 1, 2016 at 2:42 PM

    Hello Sir,

    Can i show GPF statement of my parents for visa interview…….?

    • Raghuram Sukumar on June 4, 2016 at 7:33 AM

      Yes, but if it’s not in cash, then you should plan for additional cash amount.

  28. rohith on May 21, 2016 at 11:03 PM

    can i show my parents epf account as a proof of funding?

  29. Kai on May 8, 2016 at 11:22 AM

    Please, I got a TA ship that covers my expenses and my i20 has been issued. But, the remarks section of my i20 says I should have $2000 — probably, to cover the 1st month of my stay. Please, do I have to still show a bank statement that will cover the $2,000 during my visa interview?

    • Raghuram Sukumar on May 8, 2016 at 3:02 PM

      Yes you should have bank statement for $2000.

  30. Amy on May 7, 2016 at 11:33 AM

    Your Comment * I want to know pros and cons of doing affidavit for a friend to provide support with bank statement.
    is there any liability on me if i do affidavit ? is it similar to garenter in case of loan?
    are there any problems of such nature observed before?

    kindly advice..Thank you for help in advance!!

    • Raghuram Sukumar on May 7, 2016 at 1:49 PM

      Depends on reasons and relationship. For students visa if they can’t pay, school would revoke the status and they would have to leave the country.

  31. Manica on May 1, 2016 at 10:00 PM

    My sponsor is my dad but his middle name is missing in my passport & all the financial documents has his middle name in it.
    Should I make changes in my passport (include his middle name)or go ahead with visa interview?

    • Raghuram Sukumar on May 7, 2016 at 8:18 AM

      You should not have any problem. Don’t change in the passport.

  32. Rajiv on April 16, 2016 at 5:57 AM


    I have read/heard somewhere that saying to the visa officials that i took a Bank Loan for my studies might sometimes slightly effect the chances of approval. what’s your say on that.

    • Raghuram Sukumar on April 16, 2016 at 9:40 PM

      Please share the source of where you read it. It better be an U.S. Govt wesbite.

  33. Manan Desai on April 12, 2016 at 2:23 AM

    Hi Sir,
    for obtaining my i20 i have shown following funds
    bank statement showing fixed deposit-35000$
    education loan 16000$
    Is this amount sufficient or do I have to break fixed deposits and show them current balance?

  34. Suresh on April 11, 2016 at 3:43 PM


    Do these financial documents have to be uploaded as part of the application or mailed to the university directly? Does the bank have to mail it to them in a sealed envelope? What are the options I have?

    Thank you for your help

  35. Som on March 16, 2016 at 4:21 PM

    I’m on F2 student dependant. I will apply for COS to F1. Is it OK if I transfer my own funds from Indian to US account and submit the US account statement for I20 or should I submit Indian account statement. US account is joint with my wife. Indian account in my own account. Thanks in advance.

    • Raghuram Sukumar on March 16, 2016 at 4:27 PM

      You need funds – combination of Indian account or US wouldn’t matter.

  36. Sanjay Paudel on March 15, 2016 at 11:37 AM

    I have mentioned my mother as sponsor in I 20. Can I show my father as sponsor along with mother during visa?

    • Raghuram Sukumar on March 15, 2016 at 1:22 PM

      There’s some points you have to deal with when changing sponsors. So, have good answers for that.

  37. Sai on March 13, 2016 at 12:05 PM

    My name is Sai Krishna. I am pursuing my B.Tech in CSE(currently 3-2).
    I would like to do my MS in Data Science in one of the top universities. My father has money of 10 lakhs,one house and a small plot. I could take a loan of 25 lakhs under it. Do I need any additional amount other than this. Or any other properties are needed? Please clarify my doubt. I am preparing for GRE and expecting a good score.

    • Raghuram Sukumar on March 14, 2016 at 7:44 AM

      Refer to the other articles about the cost of studying MS in USA. Also, Dollars and Dreams Course.

  38. Ahmed on March 11, 2016 at 12:21 PM

    I have an inquiry regarding f1 visa . If i’m living and working now for 3 years in ksa can i apply for f1 visa from there or should i return to my home country .
    Regarding proof of funds do it have to be from ksa or from my home country knowing that during admissions i submitted my proof of funds from my country of origin .

    Does having a valid b1/b2 and entered the states before increases my chances .

    Many thanks in advance

    • Raghuram Sukumar on March 11, 2016 at 4:20 PM

      I have to know more to help you with this question. You can get access to F1 visa Prep Guide and I can help you review your questions.

  39. L Naveen on February 25, 2016 at 11:48 PM

    Hello Sir,

    I have a query regarding the F1 visa. As I can fathom,the i20 amount has the living expenses highly exaggerated. For example, I have an admit from UTD,

    i20 amount = ~$40k.

    Whereas the tuition fee of the whole MS course comes around to ~$40K.
    Now, my situation is like this.

    I am planning to take an education loan of ~$46K (30 lacs) from SBI and show some personal funds, which would definitely surpass the amount for i20 for 1 year. But, in the VISA interview, should we really show double the i20 amount, which is highly exaggerated and am in doubt whether I may not be able to show double or triple the i20 ?

    Please help.

    • Raghuram Sukumar on February 26, 2016 at 8:26 AM

      Hey – For question like this, I need do detailed analysis of your situation. I can’t do that here in the comments. Sign-up for “F1 Visa Prep”. You will learn how to ace the F1 Visa Interview with mock interview prep. It’s listed under Courses Menu.

  40. Mahesh S on February 23, 2016 at 7:27 AM

    Sir can I submit my loan sanction latter to get i-20 from the university? And also I’m planning to mention my uncle’s name as a sponsorer coz my father’s annual income is not enough to satisfy
    visa officer’s expectation….. So should I mention this while asking for i-20 from the university?

    • Raghuram Sukumar on February 23, 2016 at 8:26 AM

      Check F1 Prep Guide (under Courses Menu).

  41. sdamon on February 18, 2016 at 9:17 PM

    I got an admit in Arizona State University. I applied for an education loan for INR 25 Lakhs and got the sanction letter. Can I use the sanction letter as ‘Proof of Finances’ for requesting I-20?

    • Raghuram Sukumar on February 18, 2016 at 10:01 PM

      Yes, you should be able to use that.

  42. Srinivas on January 30, 2016 at 4:37 AM

    I have taken a Bank loan for @ 25 lakh & i got the sanction letter…can i submit it to university & as well as for Visa….

    • Raghuram Sukumar on February 6, 2016 at 5:29 PM

      Yes, you can use the same. but, for admission, schools may require the letter in bank letter head.

  43. dilip kr on January 29, 2016 at 11:35 PM

    Hello respected Raghuram Sukumar sir. I have been connected with u via your blog as, i am feeling greateful to been connected with yr blog , getting update of every required information for f1, h1b -vias ,gre and many more information. sir as earlier i had send my story regarding as how i got rejected for three times for f1-visa to yr mail,and had asked you what next should be done for getting successfully f1 visa approval but sorry to request u again and hoping to get recommendation from you.
    actually i have dream to pursue my master in CSE ,USA. currently pursuing my as final yr , final semester among one the top 10 best universities in india. sir my question is that i am having good cgpa with first class and distinction , and also having good immovable properties like land 150 acres and 4 buildings but having no business or industry, actually we are farmer sir, so from land and building my annaul income is getting generated approx. 25-30 lacs. so if i am going to apply again for ms in usa , can show as my annual income 25-30 lacs from agriculture and land , building lease. do the consular believe in agricultural, land,building lease income or not. so please sir kindly suggest what should i do show my annual income during the visa interview. thanking u

    • Raghuram Sukumar on January 30, 2016 at 10:14 AM

      Dilip, you should schedule a coaching session to talk through your situation. Public comments are not the place to ask your question to make career decisions.

  44. vikram pal on January 29, 2016 at 8:20 AM

    I got admit in IIT chicago(master’s in computer science).
    In my father saving we have 17 lakhs rupees and I had taken education of 20 lakhs rupees.
    My family income is around 18 lakhs rupees.
    I20 cost is around 42000$ (2850537.90 lakhs rupees).

    Is it suffice money for showing at the time of Visa Interview?

    • Raghuram Sukumar on January 29, 2016 at 10:01 AM

      Hello Vikram,

      Pelase sign-up for F1 Visa Prep course. You will get the following

      – F1 visa prep guide like no other place – Mock Interview – Bank Balace requirements.

  45. Himanshu on January 29, 2016 at 4:54 AM

    Is it compulsory to maintain funds till visa interview ?

    • Raghuram Sukumar on January 29, 2016 at 6:14 AM

      Not required, but if you can maintain the balance, its better. If not, try to maintain atleast 2 to 3 months before Visa.

  46. Vikram pal on January 20, 2016 at 1:06 AM

    Pnb bank is not doing conversion of repuees into dollar, what i should?

    • Raghuram Sukumar on January 20, 2016 at 6:57 AM

      Find a different bank who will do the conversion.

  47. vikram reddy on July 24, 2014 at 1:59 PM

    I do not have that much amount at this time. so is it okay if i deposit money in the bank via the agent just for admission process? After the i20 is issued by the college,I would take a loan and show it in a fresh bank statement and go for the VISA. i heard that some universities cancelled their admission because students showed fake bank statements. So, Would i be involved in any problems by doing this? I do not have much choice.

    • Raghuram Sukumar on January 7, 2016 at 10:33 AM

      I don’t recommend doing that, but I have for a fact that lot of students do use agents to get money (or borrow from relatives) to get bank statements.

  48. priyesh shah on July 20, 2014 at 7:54 AM

    I have funds in various banks in different modes as Savings and FDs.
    I have 3 questions,

    1) Is it possible to multiple bank statements (each showing fraction of the total required amount)…?
    2) Is it necessary to have liquid cash in account or I can show FD as well?
    3) The accounts are under different names, of my brother and father,
    Is it possible to show multiple sponsors for my education?

    Thanks for your support.

    • Raghuram Sukumar on January 7, 2016 at 10:34 AM

      1. Yes
      2. Cash and FD are the same
      3. Yes for Multiple Sponsors ( this will be listed on your I-20). So for visa you need to show multiple sponsors aswell.

  49. Vikas on July 2, 2014 at 10:03 PM

    I have my funds in Post Office (In different/various accounts in the same branch) , They are not very much sure about all these process; they will be issuing it for the first time. They say that they dont have any letter head. How do I get the Bank Statement formalities done , they are not ready to print the dollar rate. Please help.

    • Raghuram Sukumar on July 5, 2014 at 9:30 AM

      Get what they can do. Then take the risk, unless you want to take the money out and move to bank.

  50. Puneeth on April 23, 2014 at 1:10 AM


    Can i submit PF, GPF and FD, alongwith bank statement for I20 ?

  51. vibhore on August 6, 2012 at 12:57 PM

    I am applying for visa for PhD with full fundings. I have applied in one University only and got acceptance. How should i defend my interview ?

  52. fean on May 13, 2012 at 10:41 AM

    I need a 17000 usd to show as a bank statement.

    Are there any specification that who can be my sponsor ?

    Do I need to show a bank statement of my first blood ?

    If some one from not so close in blood relation sponsor me – is this allowed ?

  53. swathi on December 30, 2011 at 3:40 PM

    Hi HSB,
    can you please upload a sample bank statement pdf .

  54. Selvam Raju on December 8, 2011 at 2:49 PM

    Is the statement of a Current Account (CA) of the Company owned by my father acceptable whilst submitting the bank statements for universities?
    Please help me HSB.!

  55. Serene Person on December 7, 2011 at 12:24 PM

    Dear Friends……Wana ask you.please reply me……Is it important to deposit money for at least 6 months for F1 visa ???. Can we get Bank statement just after deposit the money….Please


  56. Mihir More on November 17, 2011 at 3:03 AM

    For visa, can I show my expenses for first year expenses only in terms of Fixed Deposit (FD) or is it mandatory to show some amount in Savings account?

    Requesting to send me Format of Bank statement for F1 Visa Interview.

  57. vijay on October 19, 2011 at 12:40 PM

    I am going to take a loan for my education in USA, but the loan is sanctioned only after admission confirmation. Right now, a year’s worth expense is not available in my father’s bank balance. In this case, how should I provide financial documents while applying? Should I take the money from relatives just to get the statement while applying and show different documents (like loan approval, scholarship approval and actual bank balance) at the visa interview? Will this create any problems? What can be the best solution in this case…?

    Thanks in advance.

  58. Sarang on October 9, 2011 at 2:40 AM

    Hello HSB,

    I am going to take a loan for my education in USA, but the loan is sanctioned only after admission confirmation. I am also awaiting a scholarship for the Govt of India, but even that is sanctioned after the admission is confirmed. Right now, a year’s worth expense is not available in my father’s bank balance. In this case, how should I provide financial documents while applying? Should I take the money from relatives just to get the statement while applying and show different documents (like loan approval, scholarship approval and actual bank balance) at the visa interview? Will this create any problems? What can be the best solution in this case…?

    Thanks in advance.

  59. priyanka on September 21, 2011 at 4:01 AM

    hi hsb….2 months back I forwarded my application to US universities along with original bank statement..10 days back because of some reasons I withdrawed all my deposites…will this create any problem…Iam worried abt my I20….

  60. Chintan on August 20, 2011 at 12:52 AM

    Do the university in USA require an international student’s bank statement with ONLY cash or he/she can sum up the total by taking help of his/her property and loan (if not capable to show only cash) ?

  61. Akshay on June 16, 2011 at 8:05 AM

    Is there any specific format to be taken from the bank which has to been shown to the consulate about the bank loan sanction for the student?
    If so please send me the link..

  62. gmatps on June 11, 2011 at 7:53 AM

    I am going for mba in Simon business school US (Univ of Rochester). For visa, can I show my expenses for first year expenses only in terms of Fixed Deposit (FD) or is it mandatory to show some amount in Savings account?

  63. wohitk on April 26, 2011 at 1:02 AM

    Hello, suppose I submit a bank statement from sponsor X that doesn’t meet the required amount for an I-20 processing. Is it acceptable to submit another bank statement from sponsor Y to the same college? Assist.

  64. Banwari on April 19, 2011 at 7:47 PM


    Do they ask for Financial Affidavit for PhD, even its fully funded in most of US Universities?

    Pls reply

  65. Anirban Shaw on April 16, 2011 at 10:43 AM


    I have a question about th I20. I got into Texas a & m. To finance my first year at the university, my father is taking a bank loan. It is a business loan not education loan. The loan amount will be credited to my fathers bank account in cash. The bank statement will of the current month will show that amount. However, I have to send 3 months' bank statement of which only the 3rd month will show the loan amount. Can I obtain an I20? Or will there be any complications?

    I would really appreciate it if you guys answered this question.

    • HSB on April 16, 2011 at 6:56 PM

      Texas A&M is asking for 3 months of bank statement to send I-20 or is this for visa?

      • Anirban Shaw on April 17, 2011 at 12:56 PM

        TAMU is asking for it. I am guessing the Visa department will ask for the same as well!

  66. Ajay on March 19, 2011 at 9:55 AM

    How long money should be present in Saving account to get a bank statement??

    OR is it acceptable that today I deposit & tomorrow I take statement n apply??

    If the matter is just to produce statments then anybody can deposit then very next day, he can take statement & retrieve all his money from that account.

    I want to know the minimum duration money shud be present to get a bank statemnt which will be acceptable by the university.

    Thanks alot in advance.

  67. Ashok Jain on March 16, 2011 at 7:46 AM

    please reply my belownoted post.

    My son has done B.E. (58% Marks) from MIT Pune (Pune University) in Electronics & Communication and he wishes to do MS from USA.

    My cousin is a green card holder in USA and residing there for last 30 years.He is a scientist; I want to know following:-

    1.Can he sponser my son?

    2.Will his (my cousin in US) sponsership improve chances of visa clearance of my son?

    3. Can family’s bank statement be produced to immigration authorities?

  68. Ashok Jain on March 13, 2011 at 11:02 PM

    My son has done B.E. (58% Marks) from MIT Pune (Pune University) in Electronics & Communication and he wishes to do MS from USA.

    My cousin is a green card holder in USA and residing there for last 30 years.He is a scientist; I want to know following:-

    1.Can he sponser my son?

    2.Will his (my cousin in US) sponsership improve chances of visa clearance of my son?

    3. Can family’s bank statement be produced to immigration authorities?

  69. Ashok Jain on March 9, 2011 at 12:12 PM

    Dear sir;

    My son has done B.E. (58% Marks) from MIT Pune (Pune University) in Electronics & Communication and he wishes to do MS from USA.
    His GRE score is 1260.
    I myself is an agriculturist (having10 acres of agriculture land) and my& wife’s returns are of Rs.300000/- last two years.
    I have one house worth Rs 5000000/-

    Please advice me following:
    Will he be able to get admission and visa with your assistance?
    Will education loan be granted to him?
    Can other person of my family also be eligible to sponsor my son?

    Thanking you

    -Ashok Jain

    • HSB on March 10, 2011 at 7:57 AM

      He should be able to get admission. GRE 1260 is good score.
      Loan is based on the bank (check with SBI)
      Yes, relatives can also sponsor studies in USA.

      • Ashok Jain on March 10, 2011 at 10:22 PM

        My cousin is a green card holder in USA and residing there for last 30 years.He is a scientist; I want to know following:-

        1.Can he sponser my son?
        2.Will his (my cousin in US) sponsership improve chances of visa clearance of my son?
        3. Can family's bank statement be produced to immigration authorities?

    • Ashok Jain on March 13, 2011 at 11:04 PM

      Thanks for the reply and your comment hasgiven me valuable information

  70. bhagyashree on December 18, 2010 at 6:22 AM

    all the above information given here is really very helpful. thank you 4 creating such site. i have one query , please i request it to clear it and give me an answer. i am applying in one of the university in U.S 4 my master course. they have asked for an bank statement of minimum of having 13 lakh in my sponsor or parents account. i can show a bank balance upto 10 lakh not more than that. but i have my own house of worth 25 lakh and a land of 10 lakh. can i produce it to bank? can bank give a statement on basis of this property by adding the current value of my house and land can i produce the statement.

    • HSB on December 18, 2010 at 7:52 AM

      That doesnt work. You need to 13 lakhs in bank balance.

  71. Shalini on December 12, 2010 at 5:04 AM

    Dear HSB,
    Included in financial statements, is a pledge from Sponsor stating that they are able to support me for the complete duration of the course. I have applied for Ph.D which is a 5 year course. Around 40000$ expenses for a year. My question is that should I or a sponsor show a proof that I can be supported for expenses for the full 5 year duration which is 200000$, with a bank account having that much money which is around 100,00,000 Rs? I hear that most Ph.D students are given a stipend, then why is all this necessary? I believe this is required not only for University applications but also for Visa application? Please advise.

    • Banwari on April 19, 2011 at 7:53 PM

      same dilemma….whewwwwww

  72. kiran kumar on December 1, 2010 at 9:27 PM

    i dont have any transactions in my bank !!1can i show the bank statement with only my fixed deposits???plz inform me on this as soon as possible..

    • HSB on December 2, 2010 at 5:30 AM

      Depends on how much you plan to show. If you have sufficient money to show for 2 years in fixed.

  73. kiran kumar on December 1, 2010 at 9:25 PM

    plz send me the format of the bank statement for applying to f1 visa!!!

  74. Gauri on July 28, 2010 at 12:01 AM

    Dear HSB,

    My sponsor(which is a registered, well known Indian company) is agreeing only to give a letter of credit worthiness from the bank-which does not mention the amount, instead of giving an actual bank statement. Will this letter be equally valid for purposes of I 20 & there on F1 visa?

    Please let me know as soon as you can.

  75. Jake on July 21, 2010 at 1:09 AM

    hey guys

    i got into LBS for my masters. Now i need to show arnd 12 laks in mah acc for my Visa. i have already paid arnd 6 laks to the college and the rest is covered up by scholarships.

    Well to apply for my CAS i had shown up arnd 6.5 laks in my acc and around 5.5 laks as PF's of my dad and i was issued my CAS. BTW CAS is the i-20 of UK.

    Now the question is:

    1) can i show up the same financial documents (i.e. dad's PF statements) as financial proof?

    2) what are all other documents required apart from all your transcripts and financial statement?

    3) how long does it take to process a student Visa for UK?

    • prajoth kuruvilla on January 7, 2011 at 3:20 AM

      hi Jake

      the vfs office only accept a saving bank account which maintaining a fund for at least 28 days before applying or a bank loan statement with a specific format including the course details, fees etc

      tier 4 visa points are
      cas letter 30 points
      bank statement 10 points

      visa processing will take 14 days

  76. piyali on June 5, 2010 at 10:20 PM

    i do not want to take money from my parents for the expenses for the admission. can i get all the money as students loan n get it? inspite of getting the loan is the bank statement necessary showing the liquid cash in my account? what if i dont have the money in my account? how can i show it?

    • HSB on June 6, 2010 at 2:08 PM

      You need to show liquid funds for atleast 1st year fees. Second year fee can be shown in loan.

    • snehal lokhande on June 23, 2010 at 7:55 PM

      hey piyali m snehal teeme whethr they aceeptd ur documnt n what finally had happened ?the US bank is providing full fees waiver.and how scholarship are been approved plz tel me.m in a big dilemmas

  77. ruchita on May 29, 2010 at 10:42 AM

    can i show more amount than i have showed for I-20?

  78. asad on April 26, 2010 at 8:56 AM

    I have to pay dollars 32000 a year how much bank statement should i show minimum?

    can i show more amount than i showed for I-20?

  79. Gagan on April 24, 2010 at 1:20 AM

    I am applying for f1 student visa. Is it true that you fund should be more than 6 months old?

    Pllzz reply urgently!

  80. abir on March 8, 2010 at 10:49 AM


    I got admission to a US university with full tuition fees waiver and they will also be giving me $1500 per month. Do I still have to show a bank statement for visa processing?

    • Pooja on May 24, 2010 at 8:21 AM

      I have same question. Do you have answer for that? If we are getting $1500 pm + full tution waiver, do we need to show bank statement while visa interview? Can we immediately transfer money and get bank statement?

    • snehal lokhande on June 23, 2010 at 8:02 PM

      hey abir ,m snehal i want to ask you how these universities provide the scholarships n how much scre is important for that.and is it so that only specific university provide the scholarships and all funds.

  81. mohi on March 2, 2010 at 4:46 AM

    even after getting funding from university do i have to provide bank statement ??

  82. purna on February 28, 2010 at 7:27 PM

    For finance I have decided to take loan and saving of mine and my parents. But currently I'm not able to manage the loan and amount is not sufficient for 1 year cost. So I talked with my uncle(in USA), who agreed to provide bank statement from his account for this purpose.

    please let me know how safe is it? or any other documents I have to get from him for VISA interview.

  83. Banwari on February 28, 2010 at 7:11 PM

    I'm interested to apply for Phd in US university but I;m totally confused about Bank statement so please clear me.
    # Do i need bank statement even universities provide fund (Scholarships) for our research, If yes than how much liquid money I have to show?

  84. thazin on February 3, 2010 at 11:09 PM


    i m going to sit for the visa interview within 10 days.. my bank statement is over 2 years ago…it is so active for deposits and withdrawals sometimes with large amount… the problem is that i deposited the required amount for admission for college and then i withdrew for important reason and i will put money back only before 10 days before the visa interview …? my college will start after one month after the visa interview… it is much problem for me to put money for a long time … pls explain me …im so worried

    thanks a lot
    with regards

  85. smitha on December 19, 2009 at 11:22 PM

    hey, will a bank loan sanction paper work as a financial document? to get my i20?because i'm anyway mortgaging property to get the bank loan. so will the sanction paper work as financial doc?

  86. annie on December 9, 2009 at 7:50 PM

    hi…i m applyin for PhD course in US universities,do i require a bank statement..

  87. Vibudh Mishra on November 13, 2009 at 8:53 PM

    I got acceptance from Auburn University and very soon I will be getting my I-20 form for the Spring 2010 semester.

    I have used my mother's and relative's GPF(General Provident Fund) certificate along with non judicial affidavits to show my financial cover up during studies.

    I will also apply for bank loan once I will get my I-20.

    Please guide me what should I take in the Visa interview;I hope GPF certificate along with affidavits will suffice.

  88. Shumona on October 1, 2009 at 10:11 AM

    how to show the bank statement for usa visa if i have required ask amount in two banks and dont have options to switch in one? can i show two statements to the visa office ?

  89. Shumona on October 1, 2009 at 10:09 AM

    I have admission with CMU,USA. having partial scholarship. I have to show the remaining value in my bank statement. I have two individual relatives who can help me by showing their bank info which will meet the required and asked value for university but none can switch their money to another bank. Can I use two bank info or statement for my visa purposes?

  90. Sitasma on July 7, 2009 at 2:26 AM

    I submitted a fake bank statement while applying and I got admission and they have send me an I20.I also have a tuition waiver but the graduate school have printed the same amount in my I20 which I has previously mentioned while applying.So if the balance is less than which was stated in the fake balance,will there be any problem?

    • mitali on October 26, 2010 at 8:09 AM

      what kind of fake docment had u submitted?

  91. simon on February 8, 2009 at 7:40 AM

    i am yet to make up my mind concerning the institution to apply to, the reason is that i dont really know the school to apply to,pls tell me which of the colleges and universities easily grant admission letter to international students

    • HSB on February 8, 2009 at 11:55 AM

      @simon – Look at the popular article in the sidebar and select University Selection. It has all the information you need.

  92. Varun on November 21, 2008 at 6:08 AM

    I have applied to a community college…but I think that I have a perfect reason for it bcuz I have very weak basics and I dont think that with weak basics I can find myself comfortable in a University. Moreover I have applied for UNDERGRADUATE. Please tell me that "will the embassy people think negatively or positively for me?"

    I have true reason………..I have sufficient funds and my college is also not a cheap one. Its having annual fees of 10 Lakhs. Plz tell me.

  93. vagabond1 on November 21, 2008 at 1:26 AM

    My father have family firm, and have CURRENT (NOT SAVING) account with state bank of India (SBI) with sufficient funds for higher studies, so can he finance me with this account? in fact he is owner of the firm and other partner is my elder brother, who is also willing to give me support with finance, so do i have to mention both the partners name or only firms name as financier?

  94. Raghuram on August 13, 2008 at 7:39 AM

    @APRAJITA: I haven't seen anyone so far who got visa for attending community college. You are the first person who have applied. Community colleges are cheap, but there are no research. Visa office can have very good chance to thin, you are applying to community College just for the sake of getting into U.S. Again, its my opinion.

  95. APRAJITA on August 13, 2008 at 3:40 AM

    Hi…….. on 30th july i hav been rejectd 4 student visa of US ….n m nt gtin d perfect reason i hav applied in a community college where fees ws only 5000$ n i hav showd dem aron 1.5 lakhs in currnt account n 12.5 lakh as my FD…..i hav reapplied n my intrview date iis on 21st aug …….plz suggest me to improve my finacial sources 2 which amt n sum more imp tips………n is it difficult to gt student visa for a community college?

  96. tijani ahmed sanni on July 1, 2008 at 8:55 AM

    please help me with a bank statement.i’ve been adimitted to City banking College in UK .I’ve been able to pay my fees but can’t get a bank statement, and am suppose to report to UK in exactly 14 days to enroll on the BA(hons)Business Management course. Am in Ghana and in Accra to be precise .I will be very grateful if u help me get a bank statement. The school tip on it is that , i should be able to come up with at least 10,000 Dollars worth bank slip.please help me. thank you.

  97. rahul on June 24, 2008 at 6:17 AM

    i need to pay around $22k per year…i have already gotten my i-20…my question is how much balance do i have to show for getting a visa? and if i put this amount recently will this raise questions my the visa issuer?

  98. Sam on June 18, 2008 at 5:54 PM

    @ Adam

    I dont see any problem with that. For ISOs and schools, these bank statements are just mere formality which US INS has burdened them with, and schools are way far more supportive in this matter. Having said this, if you require a visa to enter the US, then showing a statement just 1 month old can be big problem, as most US missions abroad require a statement atleast 6 months old.

  99. adam on June 14, 2008 at 9:57 PM

    the college asked me to send the application in 2months

    i dont have any $ at any bank .

    If i put the money requried and get bank statement after one month ,will the ISO approve that statement?i heared they need to be at leaset 3 months old

    please what should i do

  100. zephyrus on May 14, 2008 at 11:20 AM

    Hey thnx a lot for this great blog and providing all this valuable info!! 🙂

  101. Raghuram on January 26, 2008 at 6:47 PM

    @ kaykay

    If you are getting bank statement for admission purpose it dosen’t matter when you deposit the money in bank.

  102. kaykay on January 25, 2008 at 3:18 PM

    hi..i need a $40k bank statement for college, i deposited the money only 10 days back, my spouse works here and can support my fees. can i go ahead and get a bank statement or will this sudden deposit raise questions?

  103. Ashish on November 19, 2007 at 12:35 AM

    See I thought so because, some univ's do print the amount we showed 'em on the I-20. Anyway thanx for the clarification.

  104. Raghuram on November 15, 2007 at 12:02 PM

    @ Ashish

    1) It's not mandatory to show same amount in Bank Statement for Visa. I'm not sure how you decided that both amounts should be the same.

    2) Amount you show for Visa should be twice as the amount Graduate School asks for Admission purpose.

    3) Multiple Bank statements are perfectly fine. Infact I had statements from 3 banks when I appeared for Visa.

    Have you subscribed to email updates yet? If not you can do that to you will know when new article is posted.

  105. Ashish on November 15, 2007 at 9:09 AM

    Hi. I have submitted a fake bank statement to the graduate school, and it was approved. However I am ready with almost the same money in original. But now I have to take statements from 3 different banks to equal the amount, that I have shown in the fake one to the university. Is there any problem in providing multiple bank statements during visa ..? And will that be any problem if there is slight difference in the original amount to the amount which I have shown in fake(as univ would print it on the I-20) ..?

  106. Anonymous on October 31, 2007 at 10:47 AM

    Please suggest me as my father does not have enough bank balance so as to show one year fee. all his savings are in MIS nd bank balance is sufficient to show my fee. plz tell me . can i really try for MS .

  107. Life Strikes on October 9, 2007 at 1:36 AM

    Which school is that for 33 lakhs? For visa you will have to show balance for atleast 66 lakhs. If you can't afford such expensive school, I would suggest looking at school where the tuition fee is less.

  108. Meher on October 8, 2007 at 9:31 PM

    Could you pleae tell me how do you provide a bank statement if you cannot afford this sum. My university has 33 lakhs!! I cant possibly have have this much amount.
    please help…

  109. Hari on October 2, 2007 at 5:36 AM

    hey..i have applied to arlington….n they have a financial statement form…its has 3 forms in it… which form do v have to fill for sending our packets…

  110. Anonymous on October 1, 2007 at 11:59 PM

    Could you plz provide a sample bank statement for download?….

  111. Happy Schools on October 2, 2007 at 1:48 AM

    Thanks for the idea. I will include sample bank statement too. I'm working on the article. Anytime soon, I will post it.

  112. Anonymous on October 1, 2007 at 10:33 AM

    Plz do answer the qns you’ve posted…it’ll be really useful!

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