American travelers do not need to prove sufficient funds before they obtain an Australian visa for tourism purposes. Americans are able to obtain an Australia on good faith that they have budgeted appropriately for their vacation in the Outback. Americans applying for a specialty visa, such as a working holiday visa or a student visa, will be required to show proof of sufficient funds.
For a student visa, the minimum fund requirements vary depending on what school the visitor will be attending, the cost of tuition, the estimated cost of books and the estimated cost of other living expenses. For those coming to the Australia to study on a scholarship, the fund requirements will be reduced by the amount of the scholarship.
The Australian working visa is intended for people to work during their stay in Australia. Only temporary work is allowed, and it is not allowed to be factored into the financial requirements that are set by the Australian government. As of June 2010, the minimum amount of money that is required when applying for a Australian working visa is AUS $5000. Visitors may need more money if they intend on doing a lot of traveling when in Australia. The AUS $5000 should not include the price of a return ticket; visitors should already possess a return ticket before you meet the AUS $5000 requirement.
Visitors must have medical insurance in order to allowed to enter Australia on a Australian working visa or student visa. If this is a monthly payment, visitors must be able to pay for the medical insurance while in Australia and have to factor this expense into the minimum fund requirements.
