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Finance and Banking in Austria: what actually matters to know

From real experience

how-toWhen applying for an Austrian Family Reunification Visa (VNF) at the Moscow consulate: * The fee (approx.
120-218 EUR, check current rates) must be paid in cash RUB, using clean, undamaged banknotes. * The document list is available on the official website; additional documents may be requested. * Insurance: A standard travel insurance policy is acceptable, but it's recommended to secure one for 6 months to a year with 180 days of coverage to span the entire processing period. Ensure it's translated into German or English. * Copying services are available at the consulate, but the machine does not provide change; bring small denominations. * For Belarusian citizens: Applications are submitted directly, not through Global Visa Center or the German embassy. Any Belarusian insurance company not under sanctions (e.g., Ingosstrakh) is generally accepted.
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riskFor Schengen visa applications, while minimum insurance coverage is required, consider the financial responsibility.
If the insurance coverage proves insufficient in an emergency, the inviting party (who provided the invitation) may be held responsible for the remaining costs. It is advisable to secure sufficient but not necessarily excessive coverage, relying on this understanding of liability.
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tipFor Austrian visa applications, it is advisable to check the list of approved Russian insurance companies provided on the website of the Austrian Embassy in Moscow.
Not all Russian travel insurance policies may be accepted, so verifying compliance beforehand is recommended to avoid issues during the application process.
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ruleBank statements for Austrian administrative procedures do not have a strictly mandated duration.
Providing statements for 6 to 8 months is generally acceptable and often successful. Accounts held in non-EUR currencies (e.g., CNY) are permitted, provided the balance is sufficient.
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