When applying for an Italian visa, in addition to the other requirements for Italy visa application, you must also be able to prove you have the financial resources required for admission to Italy.

That means that you have to provide proof of sufficient financial means to provide for yourself, and any dependants, for the duration of your stay in Italy.

The financial requirements for an Italian visa depend on the length of stay as well as the number of people travelling together.

Financial Means Required to Apply for an Italy Visa

According to an Order issued by the Italian Interior Ministry, foreign nationals applying for an Italian visa must provide proof of subsistence in the form of bank statements, insurance policy guarantees, proof of sponsorship (if someone is sponsoring you), or travelers’ cheques, as applicable.

The minimum required financial means for entry to Italy are as follows:

Length of stay Required amount for one person Required amount for any additional dependant
1-5 days (fixed amount) € 269,60 € 212,81
6-10 days € 44,93 per day € 26,33 per day
11-20 days (initial fixed amount) € 51,64 € 25,82
Additional amount for trips lasting 11-20 days € 36,67 per day € 22,21 per day
20+ days (initial fixed amount) € 206,58 € 118,79
Additional amount for trips lasting 20+ days € 27,89 per day € 17,04 per day

 

The cost of travel tickets and accommodation are not included in the required financial means.

Information obtained from The Ministry of Foreign Affairs and International Cooperation of Italy.

How to Calculate the Financial Resources Required for Admission to Italy?

If your trip lasts up to five days, the required amount is pretty straightforward. If you are travelling alone, you must have € 269,60.

If you have, lets say, two family members coming with you, then you need to have an additional € 212,81 for each of them. So, the overall amount you must have to finance a trip for up to 5 days to Italy for three people is € 695.22.

For trips that last 6 to 10 days

If your trip lasts 6-10 days, you must have € 44,93 per day for yourself, and an additional €26,33 per day for every person traveling as a dependant with you.

Let’s say you want to stay in Italy for 8 days. If you are travelling on your own, you need € 395.44 (€ 44,93 X 8). If you are travelling with two family members, you need an additional € 210.64 for each of them. As such, you need an overall € 816.72 to finance a trip of 8 days to Italy for three people.

For trips that last 11 to 20 days

If your trip lasts 11-20 days, you need an initial fixed amount of € 51,64 regardless of how many days you will stay. In addition to that, you need to have € 36,67 for every day you will spend in Italy. As such, if you are staying for 15 days, you will need € 601.96.

If you have any dependants coming with you, you should also be able to provide an initial amount of € 25,82 for each. And then, you must also have € 22,21 per day for each of the family members.

For trips that last more than 20 days

If your trip lasts 20 days or more, you need an initial amount of € 206,58 regardless of how many days you will stay. In addition, you also need € 27,89 per day for every day you spend in Italy. Therefore, if you intend to stay in Italy for 25 days, you need € 903.83 for just yourself.

If any family members are coming with you, you must have an initial amount of € 118,79 as well as a daily amount of € 17,04 for each of them.

What Can Count as Proof of Sufficient Financial Resources for Italy Visa?

You can provide proof that you have sufficient financial resources to fund a trip to Italy in one of the following ways:

  • Bank statements. You must provide an original copy of your bank statements issued within the past month. The bank statement must be stamped and signed by an authorized bank official.
  • Savings account statement. You must provide the original as well as a photocopy of the document.
  • Copy of credit card. The copy must show your name and surname. You must also include a copy of an ATM receipt issued in the past three days, which shows the account balance.
  • Your host’s bank guarantee (in case of sponsorship). If a close relative is sponsoring your stay, you must provide a copy of their bank guarantees (also known as Fidejussione bancaria or Polizza fidejussoria). A copy and the original must be signed by your host.

Cash, certificate of exchanged currency, or bank account statements which do not have an authorized stamp and signature will not be accepted as valid proof of financial means for Italy.