What is the Required Amount of Funds for F2 Visa?

What is the Required Amount of Funds for F2 Visa?

F2 visa is a non-immigrant visa that allows the spouse and unmarried children (under 21 years old) of an F1 visa holder to enter and stay in the US. One of the requirements for obtaining an F2 visa is to demonstrate that the applicant has sufficient funds to support themselves during their stay in the US. In this article, we will provide a detailed explanation of the required amount of funds for F2 visa and offer some tips on how to manage your finances while in the US.

Minimum Required Amount of Funds

The minimum required amount of funds for F2 visa varies depending on the length of stay and the location of the F1 visa holder’s school. According to the US Department of State, the minimum amount of funds required for one year of study in the US is $19,224 for a student and $6,636 for each dependent. However, this amount may vary based on the specific circumstances of the applicant.

It is important to note that the required amount of funds is not a one-time payment, but rather a demonstration of the applicant’s ability to financially support themselves while in the US. The applicant must show that they have access to sufficient funds to cover their living expenses, including housing, food, transportation, and other necessities, for the duration of their stay.

How to Demonstrate Sufficient Funds

To demonstrate sufficient funds, the applicant must provide evidence of financial support, such as bank statements, scholarship letters, and affidavits of support. The bank statements should show that the applicant has access to the required amount of funds, either in their own account or in the account of their sponsor. The scholarship letters should demonstrate that the applicant has been awarded a scholarship that covers their living expenses. The affidavits of support should be signed by the sponsor and demonstrate that the sponsor has sufficient funds to support the applicant.

Managing Your Finances in the US

Once you have obtained your F2 visa and arrived in the US, it is important to manage your finances carefully to avoid running out of funds. Here are some tips on how to manage your finances in the US:

1. Open a bank account: Opening a bank account in the US can help you manage your finances more efficiently. You can deposit your funds, pay bills, and withdraw cash easily.

2. Create a budget: Creating a budget can help you keep track of your expenses and avoid overspending. Make sure to include all of your expenses, including rent, food, transportation, and other necessities.

3. Look for discounts: Many stores and restaurants offer discounts to students and their families. Look for discounts and coupons to save money on your purchases.

4. Use credit cards wisely: Credit cards can be a convenient way to make purchases, but it is important to use them wisely. Pay off your balance in full each month to avoid interest charges and late fees.

5. Avoid unnecessary expenses: Be mindful of your spending and avoid unnecessary expenses. For example, cook at home instead of eating out, and use public transportation instead of taking taxis.

Conclusion

Obtaining an F2 visa requires demonstrating sufficient funds to support yourself during your stay in the US. By providing evidence of financial support and managing your finances wisely, you can ensure that you have a successful and enjoyable stay in the US. Remember to always be mindful of your spending and look for ways to save money.