PROOF OF FINANCIAL MEANS FOR STUDENT VISA APPLICATION
For the student visa application, you are required to provide a proof of financial means. That is, one of the following;
- Scholarship letter
- Blocked Account
WHAT IS A PROOF OF FINANCIAL MEANS?
Proof of financial means is a document indicating that you have sufficient funds to cater for your stay abroad. For scholarship holders: certificate of scholarship stating its amount and duration. For other students: a monthly minimum is requested (or its equivalent value in local currency).
WHAT IS A BLOCKED ACCOUNT?
A blocked account is an account opened in the name of the student with the purpose of indicating that they have sufficient funds for their abroad. These funds are to be blocked by the bank.
DOCUMENTS TO SECURE FROM THE BANK
The bank provides
- A statement of account together with
- A bank letter addressed to the Embassy stating that the said amount is blocked and shall be transferred to their bank account abroad upon their request.
The embassy will only accept a bank statement for a personal escrow (blocked) account opened in Cameroon and in the name of the visa applicant with sufficient funds on it to pay for the whole stay, along with a letter from the bank stating that the money has been blocked to pay for the stay and can be wired to a bank account abroad. All other types of financial supporting documents will not be considered and will be regarded as a missing document (= risk of visa refusal).
What Bank To Use
Students are free to open the account with any bank of their choice.
CONTACT BefAcademy for a list of banks, however, that are quite conversant with the procedure.