Bank Statement for Australia Student Visa – Requirements
Australian student visa (subclass 500) applicants must prove genuine access to funds for tuition, living costs, and travel. Since 23 March 2024, applicants must also satisfy the Genuine Student (GS) test (replacing the former GTE requirement).
Financial capacity amounts (2026)
The Department of Home Affairs uses these annual living-cost thresholds (primary applicant):
| Category | Amount (AUD/year) |
|---|---|
| Primary applicant (student) | $29,710 |
| Partner/spouse | $10,394 |
| Dependent child | $4,449 |
| Schooling costs (per child) | $13,502 |
Add first-year tuition, OSHC, and travel (~AUD $2,000–3,000). Verify current figures on legislation.gov.au (LIN 19/198, as amended).
Genuine access to funds
The Department expects savings accumulated over time — not a sudden lump sum before applying. At least 3 months of transaction history is required; 6 months strengthens applications from high-risk profiles.
AUD amounts on statements
Show course fees plus living expenses in AUD. Convert from INR, PHP, or other currencies with dated exchange rates on the cover page.
Use Australia visa page and student format tool.
Department of Home Affairs formatting
Our Australia template includes a Department of Home Affairs ready footer and warns if less than 3 months of data is detected.
OSHC and tuition
Bank statements prove liquid funds; also attach COE, OSHC, and tuition payment evidence as required.
Parents sponsoring
Parental bank statements need financial support documents and relationship proof. Education loans from scheduled banks (e.g. SBI, HDFC Credila) are accepted if sanctioned and documented.
FAQ
How much money for Australia student visa?
AUD $29,710 living costs (primary applicant) + first-year tuition + travel. Partner and children add additional amounts per the table above.
What is the Genuine Student (GS) test?
Since March 2024, subclass 500 applicants must demonstrate genuine intent to study. Financial statements should show stable, explainable savings aligned with your study plans.
Is 3 months enough?
Minimum cited in guidance; 6 months preferred for stronger evidence of genuine savings.
BDO or Indian banks?
Supported — see HDFC and generic upload.
Cost?
$1.99 per conversion credit or $4.99 bundle.
Conclusion
Prepare bank statement for Australia student visa with 3–6 months genuine savings, current AUD thresholds, and clear documentation. Format now.