Proof of funds?

Member since 10 March 2023

dhloggins22New member09 February 2024 15:17:36

Question: We have our VFS appointment scheduled in San Francisco in April. We just purchased a home in Portugal in December and put down just over 6 figures as the down payment and now equity in our home. Does anyone know if this fulfills the financial requirements for proof of funds (instead of cash funds in a Portuguese bank account) for our VFS appointment? We do have the additional US funds to put into our Portuguese bank account if needed, but would rather wait until we have our Visa approval here in the States and have our AIMA appointment confirmed and then move the funds before the AIMA appointment. Thank you for any advice you may have.

donn25 Serial expat

Member since 31 May 2022

donn25Serial expat09 February 2024 19:51:29

272

The more I hear about these things, the less I know, but my take is no, the house equity has nothing to do with it.聽 That isn't liquid assets that can be spent on necessities.

What the odds may be for an applicant whose funds aren't in Portugal at the time of application, I don't know.聽 I wouldn't gamble on it unless really necessary.

Fear7474 Active member

Member since 23 May 2018

Fear7474Active member09 February 2024 20:29:47

@dhloggins22 they wont look at the house you have purchased other than proof of accommodation. They are looking for funds directly in your Portuguese bank account plusvproof of savings. Also proof of income or pension. You may find the FB group Americans & Friends PT more than helpful. There are files on the face page with information and documents.

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JohnnyPT Portugal Expert

Member since 23 May 2020

JohnnyPTPortugal Expert10 February 2024 08:26:27

4831

One thing is proof of accommodation (rent or buy). Another thing is to prove that you have the financial means to live. These are distinct proofs / requirements for the visa.

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