Question
Question for those with New York consulate experience: can the proof of financial means be an investment/brokerage account? We don’t have the amount required for the non lucrative Spain visa in our savings accounts, but it’s in our brokerage account. Of course we can sell if necessary, but would certainly prefer to avoid having to do that. Any input very much appreciated!
Answers
These are the answers of some Facebook group members:
“I don’t know it it depends on the particular person who is taking your application materials or not, but ours was not interested in a monthly balance summary for one year from Chase. She did accept 3 months of Chase bank statements (we had sufficient funds there) as well as our brokerage statements. Hope that helps.”
“We went through NYC last year and submitted a brokerage / investment account without issue. But consulates change rules all the time so it might be good to check with someone with more recent experience”
“I’m under the very distinct impression that it doesn’t matter where your funds are…. as long as they’re yours and can be accessed when needed. I’ll be following this post and if someone has specific experience with funds OUTSIDE checking/savings NOT being accepted, that would be useful info.”
In conclusion, according to Spainguru Facebook group members, when it comes to applying for the non lucrative Spain visa at the New York consulate, it appears that the proof of financial means can extend beyond traditional savings accounts. Several members reported successfully using brokerage and investment accounts to demonstrate their financial stability. While rules and requirements may evolve over time, the consensus among these experiences suggests that the consulate’s primary concern is that the funds are genuinely owned and accessible when needed. However, it is advisable to verify the most up-to-date requirements with the consulate or seek advice from individuals with recent application experiences to ensure a smooth visa application process.
