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How Much Bank Balance is Required for a Green Card in the USA?

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Do you know how much money you need to get a green card in the U.S.? Green card is also known as a permanent residence or immigrant visa.

This is one of the major hurdles for immigrants who want to reside permanently in the United States with their spouses and children.

If you want to become a permanent resident of the United States then you will require an amount of money as well as some other documents that prove that you can support yourself financially and have good moral character.

A lot of people wonder how much bank balance they need to apply for a green card. Check out this detailed article to know more about it.

How Much Bank Balance is Required for a Green Card?

The amount of money you will need is mainly based on the type of employment you have, your current age, and the amount of time you have worked in the United States. Let us take a look at the details of the bank balance requirements for various types of employment.

Citizen or Green Card Holder with a Job Offer – $1000-$5000 If you have a job offer from a U.S. employer, you will need to show that you have a minimum bank balance of $1000.

The bank balance amount will increase as per your employment type. Your age and the time you have been in the United States are also factors to decide the bank balance amount.

The requirements for bank balance amounts are higher for people who are older than 40 years of age and those who are younger than 21 years of age.

Citizen or Green Card Holder with no Job Offer – $5000 If you don’t have a job offer, then you will need to show proof of $5000 in your bank account.

What Documents are Required to Apply for a Green Card?

  • You need to have your valid passport
  • A valid work permit
  • Tax returns for the last 2 years
  • Medical examination
  • Completed Form I-751 Application for Green Card and fee
  • Sponsorship letter from your spouse
  • Proof of assets
  • Financial Affidavit
  • Other supporting documents

How to Contribute Money for a Green Card?

If you don’t have $5000 or $10,000 in your bank account then you can contribute to a “return-to-below-the-line” program. You need to do the following to contribute money for a green card.

  • Find a reputable investment company
  • Invest the required amount
  • Wait for a few years
  • Get a green card

Things you need to know about Bank Balance Requirement for a Green Card.

  • The amount of money required to apply for a green card varies according to your employment type.
  • The amount of money you will need to apply for a green card will increase if you want to apply for a family member as well.
  • The above table shows the minimum bank balance amount required to apply for a green card.
  • You can also apply for a green card if you don’t have $10,000 in your bank account.
  • You can invest in a return-to-below-the-line program and get a green card in a few years.
  • If you are applying for a family member through the green card process then you need to add the bank balance amount of your spouse as well.
  • If you are 22 years of age or younger then you will need to add the amount of money your parents have in the bank account.
  • You can also apply for an EB5 Green Card if you have enough money to invest in a business in the United States.
  • You have to wait for a few years after you apply for a green card to get it.
  • You can get a green card if you are currently living in the United States or outside the U.S.

How much money do you need?

It depends on your age, employment type, and whether you have a job offer or not. You can take a look at the table above to get an idea of how much money you need. Let us discuss it in detail.

1. If you are a citizen or green card holder with a job offer

You will need to show a minimum bank balance of $1,000. The bank balance amount will increase as per your employment type. Your age and the time you have been in the United States are also factors to decide the bank balance amount.

The requirements for bank balance amounts are higher for people who are older than 40 years of age and those who are younger than 21 years of age.

2. If you are a citizen or green card holder with no job offer

You will need to show proof of $5,000 in your bank account. You can either show the money in your bank account or the bank account of your spouse.

3. If you are applying for a family member through the green card process

You need to add the bank balance amount of your spouse as well.

4. If you are 22 years of age or younger

You need to add the amount of money your parents have in the bank account. You can also add the money you have saved to the bank account.

5. If you have enough money to invest in a business

You can apply for an EB5 Green Card. You can also apply for a family member through the green card process. You need to show proof of $1,00,000 in your bank account in either case.

6. If you are currently living in the United States

You can apply for a green card immediately.

7. If you are outside the United States

You can apply for a green card using a tourist visa. You will have to go to the nearest U.S. consulate to apply for a green card.

Conclusion

A green card is a golden ticket to a long-term visa in the United States and is a dream for many people around the world. Getting a green card is not easy and is a tedious and lengthy process that may take up to 10 years.

If you want to speed up the process and get a green card in a shorter period, then you need to prepare an amount of money that is much more than the minimum bank balance requirement.

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