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Immigration

How much bank balance is required for New Zealand visa?

Last updated: 2023/01/11 at 4:56 AM
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2 Min Read

The amount of money you will need to show in order to apply for a visa to New Zealand depends on the specific visa category you are applying for and your individual circumstances.

Generally, for most of the temporary visa categories such as the visitor visa, student visa, or work visa, you will need to show that you have enough money to support yourself during your stay in New Zealand. The amount of money you will need to show will depend on factors such as how long you plan to stay, whether you will be studying or working, and whether you will have dependents with you.

For example, for student visa, you will be required to provide evidence of funds to cover your course fees, living expenses, and return airfares. For a visitor visa, you’ll be required to provide evidence of funds to cover your accommodation and living expenses during your stay in New Zealand, as well as your return airfare.

For permanent visa categories, the amount of funds required will depend on the specific category. For example, the Skilled Migrant Category (SMC) has no specific financial requirement, but it’s important to show enough funds to support yourself and your family while you establish yourself in New Zealand. On the other hand, categories like the Investor or the Investor 2 categories will have a higher financial requirement, as it’s required a minimum investment of NZD 1.5 – 3 millions depending on the category.

It’s important to check the official website of the Immigration New Zealand (INZ) or consult with a qualified immigration agent to get a more accurate and up-to-date information regarding the specific financial requirements for the visa category you are applying for, as the COVID-19 pandemic may cause additional restrictions or requirements.

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Team January 11, 2023
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