Proof of funds is a core requirement for many applicants. The Australia working holiday proof of funds amount can change, so treat any number as a planning target and confirm the current figure before you apply.
Start with the budget guide and the visa application guide for the full preparation checklist.
Why proof of funds matters
Australia wants to ensure you can support yourself on arrival, even if you do not find work immediately. Having savings also protects you from taking unsafe jobs or housing.
Typical savings targets
Many travelers plan for a few thousand AUD to cover the first month, plus flights and insurance. Your actual target depends on city costs, housing plans, and how fast you expect to find work.
- Short term housing and deposit
- Transport and food for 4 to 6 weeks
- Job search and setup costs
Read the cost of living guide to build a realistic target.
Acceptable bank statements
Use official statements that show your name, account number, and balance history. Keep funds liquid and avoid last minute transfers that can raise questions.
Common mistakes and how to avoid them
- Showing savings that are locked or unavailable.
- Transferring funds right before the statement date.
- Underestimating your first month expenses.
- Not accounting for insurance and visa fees.
For total costs, see visa fees and costs, and compare your plan with the Australia guide.