Show Economic Solvency For Bolivia Visa: What To Upload?

To enter Bolivia, citizens of the United States must obtain a visa. This can be done at a Bolivian Embassy or Consulate in the United States or a neighbouring country. Alternatively, a tourist visa can be purchased at any land or air border. One of the requirements for a Bolivian visa is to prove economic solvency. This can be done by uploading a bank statement when applying for the visa. In the case of minors, the requirement of economic solvency will be fulfilled by the parents or guardians.

Bank statements

To obtain a visa for Bolivia, you will need to pass an economic solvency test. This is a requirement for all visa types, including tourist visas and determined object visas.

For the economic solvency test, you will need to provide a bank statement. This must be a current statement, and it should show that you have sufficient funds to cover your expenses during your stay in Bolivia. The specific amount you need to have in your account is not clear, but since the cost of living in Bolivia is comparatively lower than in some countries, a few thousand dollars should be enough.

When submitting your bank statement, you can black out your account number, but your name and account balance must be visible. This statement must be submitted electronically, so be sure to scan the document and check for any blurry sections. The file size of the scan is also important, and it should not exceed the size limit specified by the Bolivian Consulate.

If you are a minor, the requirement for economic solvency will be fulfilled by your parents or guardians.

Credit cards

When applying for a Bolivian visa, you will need to submit proof of financial resources in the form of a bank statement or credit card statement. Here are some tips for uploading credit card statements as proof of economic solvency for a Bolivian visa:

Credit Card Statements:

• Ensure your credit card statement includes your full name and address. If your statement is sent electronically, download the PDF version to upload with your application.
• Check that the statement covers the period required by the Bolivian Consulate. If you are applying for a long-term visa, you may need to submit multiple statements.
• Highlight or circle the relevant information on the statement, such as your name, address, and transaction history.
• If your statement is not in English, provide a certified translation.
• Upload a clear, high-quality scan or photo of your statement. Ensure all four corners of the document are visible and the text is legible.
• Check the file size and format requirements before uploading. The Bolivian Consulate typically requires documents to be in PDF format and no larger than 500 KB.
• If you are relying solely on your credit card as proof of financial resources, ensure your credit limit is sufficient to cover your expenses during your stay in Bolivia.
• Some Bolivian Consulates may require additional documentation related to your credit card, such as a letter from the issuing bank confirming the credit limit or the original credit card agreement. Check the specific requirements for the Consulate where you are applying.
• If you are using a credit card statement to demonstrate your ability to cover another person's expenses (such as a minor or dependent), you may need to provide additional documentation, such as a letter explaining the relationship and your responsibility for their financial support.
• Keep a copy of your uploaded documents for your records.

Please note that the requirements for demonstrating economic solvency may vary slightly depending on the Bolivian Consulate where you are applying, so it is always best to check their specific guidelines before submitting your application.

Cash

When applying for a Bolivian visa, you will need to submit a number of documents to prove your economic solvency. This requirement applies to all visa types, including tourist visas and determined object visas.

To prove your economic solvency with cash, you will need to provide a bank statement. This statement must be current and show your name and account balance. You may redact your account number.

The exact amount of money required to prove economic solvency is not specified by the Bolivian authorities. However, given that the cost of living in Bolivia is relatively low, having a few thousand dollars in your account should be sufficient.

If you are a minor, the requirement of economic solvency will be fulfilled by your parents or guardians.

Proof of parents'/guardians' economic solvency for underage applicants

When applying for a Bolivian visa, minors are required to provide proof of their parents' or guardians' economic solvency. This is a mandatory requirement for underage applicants. Here are some detailed instructions on what to upload and the specific requirements for demonstrating economic solvency:

Bank Statements:

Parents or guardians of underage applicants must provide official bank statements as proof of their financial stability. These documents should cover a recent period, ideally within the last three months. The statements should demonstrate sufficient funds to support the minor during their stay in Bolivia. Make sure that the name and address of the parent or guardian are clearly visible on the bank statements.

Financial Responsibility Letter:

In addition to bank statements, it is recommended to provide a letter of financial responsibility. This letter should be addressed to the Embassy of Bolivia and signed by the parent or guardian. It should state their relationship to the minor and guarantee their financial support during the minor's stay in Bolivia. Include details such as the purpose of the minor's trip, the duration of their stay, and any specific expenses that will be covered by the parent or guardian.

Validity and Currency:

Ensure that the documents provided are valid and up to date. The bank statements and other proof of economic solvency should cover the expected duration of the minor's stay in Bolivia. It is important to note that some sources recommend that the validity of the documents cover at least the travel period. Consider providing statements or other proof that extends beyond this timeframe to avoid any potential issues.

Consistency and Accuracy:

All documentation must be consistent and accurately represent the financial situation of the parents or guardians. The names and other personal information provided should match those on the minor's application form and other supporting documents. Double-check that the amounts and currencies listed are clear and easy to understand.

Additional Requirements:

Depending on the specific type of visa and the consulate's requirements, there may be additional documentation needed. For example, if the minor is travelling for educational purposes, there may be specific requirements or guidelines from the Bolivian institution that must be met. Always review the requirements for the specific type of visa being applied for.

Submission and Processing:

After gathering and preparing the required documents, they can be submitted to the nearest Bolivian Consulate for processing. Incomplete applications will not be processed, so ensure that all necessary documentation is included and that it meets the specified standards. The standard processing time for visa applications is 10 business days, so plan accordingly and allow enough time for the application to be reviewed and approved.

Account balance

To obtain a visa for Bolivia, you will need to pass an economic solvency test. This is a requirement for all visa types, including tourist visas and determined object visas.

The test requires you to submit a bank statement showing sufficient funds for your trip. You may submit a copy of your regular checking, savings, or money market account statement. If you wish, you can redact your bank account number, but your name and account balance must be visible.

There is no clear guidance on how much money you need to prove economic solvency. However, as the cost of living in Bolivia is comparatively lower, a few thousand dollars in your account should be sufficient.

Frequently asked questions