Proof of funds: what authorities actually accept
How to check the proof-of-funds evidence accepted for your destination and application.
Proof of funds is the requirement that trips people up most often, because the format the authority accepts matters as much as the amount you hold. A perfectly adequate balance in the wrong kind of account is still a refused application.
Check the accepted evidence
Ask the receiving authority which evidence it accepts. Confirm account ownership, balance, statement date, format and any translation requirements. Digital statements may be accepted; a traditional bank account or branch stamp is not universally required.
Wise and Revolut are both regulated institutions and their documentation is accepted by some embassies. It is not accepted by all of them, and the pattern is inconsistent enough that you should verify rather than assume. This is worth checking before you consolidate everything into a single digital account.
How the requirement differs by country
Germany
A blocked account (Sperrkonto) is the standard instrument for student visas.
Canada
A GIC can support proof of funds under the regular study-permit process. Student Direct Stream ended in November 2024.
UK and Australia
Statements are usually acceptable, but the holding period is scrutinised.
The practical approach
Check the document format the receiving authority accepts. A digital account statement may be suitable; a stamped bank letter is not universally required. Compare account eligibility and document services before opening an extra account.
Before applying, ask the specific authority what format they accept, get the answer in writing where possible, and allow time for the document to be issued. Banks are not always quick at producing confirmation letters, and an appointment can add a week you have not budgeted for.