As the holiday season gets underway, Brits planning trips to popular destinations like Spain need to be aware of a '£97 a day' rule.
The minimum amount required is 120 dollars per person per day - roughly £97. Proof of funds can be shown through cash, traveller's cheques, a credit card with a bank account statement, an up-to-date bank book, or any other resource that verifies the available amount, such as a credit statement for the card or bank account.However, bank letters or online bank statements will not be accepted.
The requirement for third-party travellers to show proof of funds is applicable to other EU countries as well - not just Spain. In fact the Official EU guidance for the Schengen border code states: "Means of subsistence shall be assessed in accordance with the duration and the purpose of the stay and by reference to average prices in the Member State concerned for board and lodging in budget accommodation, multiplied by the number of days stayed.
The financial requirement for EU member states varies depending on the country. For example, France requires tourists to show that they have 65 euros per day of stay if they have a hotel booking, and a 120 euros per day in case of non-presentation of a hotel booking.
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