The US Department of State which grants universities the ability to issue J-1 visas requires that financial documents demonstrate sufficient funds to support participation for the duration of the program with Santa Clara University.
Financial documentation must:
- Be in English
- Be official, i.e., bank statements, official bank letters on bank letterhead with a stamp/seal and bank officer’s signature, certificates of deposit
- Be issued by the bank that holds the source of funds
- Demonstrate funds equal to or greater than the the minimum total Estimated Expenses for the duration of your program including the estimated expenses for any dependents.
- Include an issue date that is within three months of when your DS-2019 request form is received by the Global Engagement Office
- Include a unique account number
- Include the account holder's name
- Be from a source of liquid assets including:
- Savings accounts without a maturity/expiration date
- Checking accounts
- Fixed deposits
- Certificates of deposit with a maturity/expiration date prior to the start date of your academic program
- Liquid assets do not include:
- Certificates of deposit with a maturity/expiration date after the start date of your academic program or with a statement that funds may not be withdrawn on a date that is prior to the start date of your program
- Stock, equity or mutual fund accounts
- Retirement accounts such as IRA’s, 401K’s, PPF’s
- Official letters stating one’s salary
- Include an Affidavit Of Support if your name is not listed on the financial documentation as an account holder