Financial Guarantees

All applicants who intend to enter Italy or the Shengen Territory must provide proof that they have sufficient funds to cover the expenses of their planned stay (most recent bank statement/s).

The financial guarantee required to travel to Italy is calculated on the basis of the parameters approved by the Ministry of Internal Affairs of Italy and does not include the costs of travel tickets and accommodation.

Any of the following documents will be considered sufficient proof of financial resources:
applicant’s original Bank statement (in any currency, should include a letter from the bank confirming the rate of exchange to Euro as on date). Bank account statement issued more than 30 days before the submission date is not valid;
applicant’s savings account in original and copy;
• copy of the applicant’s valid credit card with name & surname. ATM receipt including account balance. ATM receipt is valid for a maximum period of 3 days from the day it was taken from ATM to the day of the document submission;

Minimum available financial resources required to cover the cost of suitable accommodation and other expenses in Italy (in Euros)

Duration of a trip For one person For every person of a group (2 or more)
  1-5 days: fixed amount  269,60  212,81
  6-10 days: per person / a day  44,93  26,33
  11-20 days: fixed amount + per person / a day  51,64
  over 20 days : fixed amount + per person / a day  206,58

*How to calculate? For 15 day trip: 51,64 (fixed amount) + 36,67 * 15 = 601,69 euro’s.

The following documents cannot be submitted as a financial guarantee: certificate of 2NDFL, certificate of for the currency exchanged, cash money or bank account statement without authorized stamp and signature. An exception for the above are if the bank account statement presented is from Tinkoff bank and electronic bank account statement from the branches of the banks which are not present in Russia.