Travel – the opportunity to see the world outside your window – to go beyond the borders of your neighbourhood, your city, your country. There’s nothing quite like it. So, what’s stopping you from booking that
Two of the most common reasons to hesitate before buying those tickets is money and the fear of not getting your visa. How will you manage on an international trip if you run out of money, or worse what if you don’t get your visa? The whole plan of travelling abroad can collapse in a second when confronted with questions like these.
Luckily, the two major concerns of
travelling are interconnected. Having a healthy bank account, with more than
enough money for your trip, can give your visa application the boost it needs.
do you need to submit proof of funds?
We understand that collecting and
submitting your documents can be lengthy and (sometimes) tiring experience. You
may ask yourself what is visa and why is it important? Don’t worry, if you do
plan your trip in advance, it not only gives you more time to save money but
also put your documents in order. This includes your financial statements.
These documents will provide proof to the
embassy of the country you are visiting that you have enough money to complete
a round trip. This means that you can visit the country without requiring any
further financial assistance. That’s two worries taken care of with one stroke – answering your question, what is visa?
While simultaneously, removing the burden of money troubles on your trip.
Do note, that if you are travelling alone,
you only need to provide financial resources for your own expenses. If you are
travelling with family, you will need to submit a letter with the names of your
family members. The embassy will then cross-check these details to confirm that
it is indeed, your family who is travelling with you.
kind of financial documents do you need to provide for Proof of Funds?
The visa process is incredibly
straightforward. As long as you provide the right documents and details, the
chances of getting your visa are high. To prove that you have sufficient funds
for your trip, you’ll need to submit the following documents along with your
visa application form. (Keep in mind that some of the requirements may change
according to the embassy of the country you are visiting.)
- Bank Statement of your financial transactions for the last 6 months (you will need to get this attested by your bank).
- Your Income Tax Returns Certificate for the last 2 years
- Cash / cheque / traveller’s cheque
- Pay slips from your company
- Any other proof that you are a salaried employee
If your trip is being sponsored by a
resident of the country you are visiting, you’ll need to have the following
Proof of sponsorship
Proof their willingness to finance your trip
There are certain documents that may or may
not be requested. However, err on the side of caution and keep these ready
(you’ll be grateful that you did).
Tickets for your round trip
Proof of accommodation
does the Proof of Funds help with my visa application?
When it comes to your bank balance, the
embassy focuses on three things
The purpose of your trip: When you apply for a tourist visa, your visit
is purely for personal reasons. Therefore, once your trip is done, you are
expected to return to your country.
Your roots to your country: The embassy needs to know that you have
sufficient reasons and roots to return to your country. Financial obligations
play a large role in this.
Misusing the visa: The embassy will also assess the chances of you using
your tourist visa for immigration or any other fraudulent purposes.
The good news is that there are things you
can do to convince the embassy to grant you your visa, beyond mentioning the
purpose of your visit to your application.
Firstly, make sure you have a consistent
flow of funds in your account. A sudden spike in your finances could raise some
red flags with the embassy.
Secondly, share all financial documents
related to your personal assets. This includes share certificates, property
certificates, PPF or Fixed Deposits. The more reasons you provide, the more you’ll
convince the embassy that you have strong ties to your home country.
Thirdly, keep enough money for your trip.
Do a personal calculation of trip costs, such as flight tickets, hotel stay,
transport, food, entertainment. Keep an additional amount as a buffer. Although
this does seem like a lot to ask, if you plan in advance, you’ll have time to
gather the funds you need. You can start by opening a Holiday Savings Account
with Thomas Cook. It’s a great way to set aside the money you need for the trip
(removing the danger of accidentally spending it). You can also earn interest
in this account.
can Thomas Cook help?
At Thomas Cook, we believe in making your
travel as smooth as possible. We provide a variety of services to aid in the
How to Get Visa in 4 steps:
If you’re wondering how to apply for a visa with us, is just four steps away when you apply through Thomas Cook. All you have to do is
Fill in the details for of the visa online and we’ll provide you with
the quote instantly.
2) Pay for your visa online using your credit
card/debit card / net banking
Submit your visa documents online or at the closest Thomas Cook branch
Receive real-time updates of your visa status, until it is approved
Don’t worry about the process. If you’re feeling overwhelmed or confused, we provide a visa guide who will take you through the entire process. (Recommended read: Visa mistakes that can lead in delays and rejections)
Forex with a few clicks:
Select the currency you need, along with the specific amount you’ll be
carrying for the trip
Enter your details and choose whether you’d like your forex delivered or
if you want to pick it up from the nearest branch
You can pay for your forex through multiple options, including credit
card/debit card / net banking
Once you’ve paid, you’ll receive a confirmation, when we send you your
We understand that forex rates fluctuate, and that can be worrying when you’re saving for your trip. With Thomas Cook, you will receive live updates of currency rates, and you can block the rate that you find attractive for up to 48 hours.
Your trip budget and visa can sometimes
stop your travel plans before they even start. With just a little planning and
some help from Thomas Cook, you can easily make travel plans and make your
travel dreams a reality.