Proof of financial means for living expenses

What is the Proof of financial means for living expenses?

The Dutch Immigration and Naturalisation Service (IND) requires that you have sufficient financial means to cover your stay in the Netherlands. The required minimum amount set by the IND is €1.225 a month.** This means that students who come to AUAS need to show that they have sufficient financial resources. Please note that this payment is refundable. Please keep in mind that you need to demonstrate this requirement every academic year (only applicable for students studying more than one year).

• Proof of Financial means for living expenses for one semester: €7.350
• Proof of Financial Means for living expenses for one academic year/2 semesters: €14.700

** Although the IND maintains an income standard of €1.217,96 for students, we have set the standard at €1.225 to make sure that you meet the minimum required amount in case of banking costs or exchange rates. The amount of €1.225 is non-negotiable.

Please note that we strongly advise students in these uncertain times to bring enough money with you (besides the required amount for the proof of financial means for living expenses set by the IND) to sustain yourself in the first two months after arrival, since it can take some time to open a Dutch bank account.

Studying longer than one year? Please keep in mind that you need to demonstrate your proof of financial means for living expenses + full tuition fee amount every academic year via a yearly statement.  

How to provide your Proof of financial means for living expenses?

There are several ways to prove your financial means for living expenses. You can choose which option is most suitable or convenient for you. If the requirements are not met we can not accept the proof of financial means for living expenses.

Option 1: Transfer full amount to AUAS and receive a refund 

The first option is to transfer the required amount directly into our bank account. You will receive a refund of the amount in the first month of your study programme.
If you choose this option, please take note of the following and write in the reference:

• AUAS VVR + your full name (last name, first name) + your date of birth (dd-mm-yyyy)”
• This is the only way we can locate your payment(s).
• Make sure that you indicate that you will pay for all the international transaction costs. If you fail to do so you need to transfer the remaining amount separately!
• Keep in mind to start the process in time for international transfers can take up to 10 working days to arrive in the AUAS account.

Option 2: (only applicable for Exchange VVR) Original bank letter of student 

You can prove your financial means for living expenses is through sending us a copy of an original bank letter. It must meet the following requirements:

• The account must be held solely in your name and must contain your full name. When you have a joint account you must attach a copy passport and financial statement of all joint account holders(opens in new window).
• Issued on official company paper in one of the following languages: English or Dutch
• The bank letter must state checking or (regular) savings account. With a checking account or a regular savings account you can always withdraw cash freely. Do you have a different type of account? The bank letter must state in print that funds are “freely accessible and can be withdrawn at any time”. Unfortunately we cannot accept handwritten sentences due to the fact that this can be seen as fraud-sensitive.  For Certificates of Deposits the sentence that funds are freely accessible and can be withdrawn at any time must always be present; 
• The date of issue (not issued more than 3 months before the deadline);
• The account number must be specified in full;
• Must state that the funds in the account are sufficient to meet your financial means in euros or their equivalent in your local currency;
• Must mention the bank’s contact details (branch address, phone number, e-mail address and/or website);
• Must mention a contact person and a signature.

Option 3: Scholarship or grant

Option 3 is providing the proof of financial for living expenses means through a scholarship or grant.
Please keep in mind that student loan(s) of any kind will not be accepted as part of your proof of financial means.

A correct scholarship declaration must show:

• The date of issue (not issued more than 3 months before the deadline);
• The institution granting the scholarship;
• Your personal details (initials, surname and date of birth);
• The start and finish of the scholarship (start and end date);
• The amount you receive;
• The name of the scholarship programme;
• For students that will follow an AUAS bachelor or master, read and fulfil the additional information below this page as well.