Mollie99 wrote on Tue Jun 9, 2020 2:29pm:
Sorry, meant to add - what does it mean, 'annual average bank balance' ? Do we need to have a running balance if 1,800 euros? Don't know many working English people who have 900 euros each left in their bank accounts each month! (Or perhaps I only know poor people like me😂😂).
“Annual average balance” means over the course of a year, your average balance must be 9.050€. It doesn’t mean at the time of application you have to have nine thousand Euros in your account, only that over the course of a year, the average balance was nine thousand and fifty Euros.
The income is 5.300€ per ANNUM, or around 442€ per MONTH.
It was explained to me by Asesora that the figures required were per person applying; HOWEVER, if one person has an income and the joint bank account can show the required annual average balance, that will likely be fine.
Income from whatever source is fine - they’ll just want to see income and not too concerned about how it’s garnered.