Bank Balance Requirements for an Australian Student Visa

Studying in Australia on a student visa requires a large amount of money for tuition fees, travel expenses, and monthly living expenses. The most important documents you will need to provide are proof of bank balance. Suppose you have scored 7 in the IELTS test—the visa office from the British Council or IDP can easily verify this. There is no complication here. But when you provide documents related to bank balance, you need to make sure that you can show which financial assets you have. In this blog, we will discuss all the necessary information regarding bank balance, which will help you in the Australian visa process.
Different sponsors for Australia student visa
You can’t show everyone’s bank balance.Below are the bank balances you can show:
We can do one thing: divide the sponsor into three parts.
1. Highly Acceptable Sponsor
- The student himself:
1. Bank account in own name is the strongest proof
2.Required documents: Bank statement, ID card - Parents:
1. Father, mother or both can be sponsors
2. Required documents: Birth certificate, income proof, Tax assessment, bank statement.
3. Both parents’ combined income can be shown. - Spouse:
1. Spouse’s bank balance is acceptable if legally married.
2. Required documents: Marriage certificate, income proof, bank statement.
2. Acceptable sponsors
- legal guardian:
1. If your parents cannot be sponsors, a legal guardian can be a sponsor.
2. A court or the Government must appoint this guardian.
3. To make sponsorship acceptable, the following documents must be submitted:
👉 Proof of guardianship (e.g., court order)
👉 Proof of income (e.g., salary slip, bank statement, tax return)
4. Scholarship/Educational Institution:
👉 Government or Institutional Scholarship
👉 Required Documents: Official Letter, Amount, and Terms
- Education Loans:
1. Education Loan from a Recognised Bank
2. Required Documents: Loan Sanction Letter, Bank Approval
3. Limited/Risk Sponsor
- Uncle/aunt/uncle
- Required documents: Proof of relationship, income document, and additional documents
- Grandparents/Grandparents
- Genuine access to funds is difficult to prove
- Usually high risk of rejection
- Brothers and sisters
- May be accepted in sporadic cases
- Special circumstances and strong arguments required

Acceptable and unacceptable financial resources for an Australian study visa
1.Acceptable
The financial assets that can be shown in the bank balance to study in Australia are:
- Current account
- Savings account
- fixed deposit
- FDR deposited
- Secure Savings
- Mutual Funds or Stocks
You can show the money deposited in the post office savings account as your bank balance. A photocopy of the savings account statement must be submitted to the post office. If any document is in Bengali, such as a savings certificate, you can translate it into English.
2.Unacceptable
Not all financial documents are acceptable when applying for a visa to study in Australia. Visa officers do not consider specific sources of funding to be legitimate. Financial sources that should not be shown as bank balances:
- Temporary or irregular sources of income – inconsistent income raises doubts about financial stability
- Unnecessary spending – luxury purchases that do not demonstrate responsible financial management
- Winnings from the lottery or large sums of money suddenly received (such as gifts, prizes)
- If you or your parents have investments in shares (because their market value fluctuates)
- House or flat (because it cannot be converted into cash immediately)
- Land or plot (although it is an asset, it cannot be easily converted into cash)

Correct rules for submitting tax return receipts
The Acknowledgement Receipt of Tax Return is an essential document in the visa application process, primarily if you or your parents serve as sponsors. Important information regarding tax returns for visas:
- This receipt is not acceptable if it is more than 12 months old.
👉 For example, if you apply in November 2025, the receipt must have been submitted on or after November 2024.
- A tax clearance certificate and a tax return receipt are not the same:
👉 The clearance certificate does not mention the income and tax amount.
👉 But the receipt contains detailed information about the income and tax paid, which the visa officer verifies.
- For those who have never filed a tax return before, suddenly filing 3 years of returns at once can cause problems:
👉 Because if three receipts in a day or a month have the same date, the visa office becomes suspicious.
👉 This increases the risk of visa rejection.
Important tips regarding preparation
- If you plan to study abroad, start organizing your paperwork in advance.
- Those who want to do a Bachelor’s, start preparing after getting admitted to HSC.
- Those who want to do a Master’s start collecting papers after getting admitted to Honors.
- Continue practicing English together.
- There is a risk of mistakes when trying to gather all the documents at the last minute, which can hinder the visa process.
- Once a visa is refused, it becomes much more challenging to obtain a visa again.
If you want to know more details about which subjects are top in Australia, what kind of jobs you can get, and why you should study in Australia, you can contact Meiji Education.
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