Home Outbound International Finland increases financial requirement for Schengen Visas to €50 per day

Finland increases financial requirement for Schengen Visas to €50 per day

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Finland

Starting January 2024, Finland’s Ministry of Foreign Affairs has increased the financial requirement for Schengen visas to €50 per day of stay.

Additionally, Finland has also introduced a proof of sponsorship and/or accommodation form, which will allow visa applicants to finance their visit using the funds of the inviting party.

Travellers arriving in Finland for short stays are now required to have available funds of at least EUR 50, instead of the former EUR 30, for each day they spend in Finland. This financial requirement applies to visits of no more than 90 days. This financial modification is aimed at aligning the financial requirement with the increased cost of living, ensuring that visitors have adequate means to cover their expenses during their stay of up to 90 days.