<p>My brother is supposed to go to Sweden for a semester study abroad. He's going into his junior year of college. He is working on his residency permit, which requires him to show he has 5k in a bank account to support him. Apparently my family did not anticipate this; they were just planning on paying for things as it comes up along the way.</p>
<p>I suggested that they open a joint bank account and put 5k of my parents' money in it, as they could then still use that cash for bills and stuff and could more easily drop money to my brother that way while he's abroad. I was wondering if anyone else had any suggestions as to how to handle this, or what they did to show they had the financial support. He doesn't get financial aid at school; my parents pay out of pocket.</p>
<p>Please, ideas welcome! He's in a panic right now.</p>
<p>Usually you only need to prove once that you are in posession of 5k. The idea you had seems fine, you wouldnt even have to keep it inside the account, but could simply wire it back to your parents. They cannot track the saldo of the account.</p>
<p>We are looking at the same thing (residency permit for another Scandinavian country). Fortunately D has a couple of accounts with her summer and school work savings with a total of a few thousand dollars in them, and we also have an UTMA (Uniform Trust for Minors account) that has me as the primary person and her as the minor on it. So we plan to use those accounts to prove it.</p>
<p>I had to do something like this for my student visa when I went abroad and I think tobiz.int has it right. My mom and I had a joint account and she put in the amount of money I needed for my visa application to be approved (I think I had to show I had enough money to live for a year which was something like $5400). I had my bank write a letter on their letterhead stating I had the required amount, sent it to the visa office, and once my visa got approved, my mom just took her money back out of the account. Seemed to work fine.</p>
<p>[The</a> Study Abroad Blog](<a href=“The Study Abroad Blog - Nate Nault”>http://thestudyabroadblog.com/)</p>