Can I apply for a Schengen visa if I invest my salary into mutual funds rather than keeping it in my bank account?
Upvote:2
Legal view:
Article 21 of the Visa Code doesn't require the funds to be in cash particularly.
21.5) The means of subsistence for the intended stay shall be assessed in accordance with the duration and the purpose of the stay and by reference to average prices in the Member State(s) concerned for board and lodging in budget accommodation, multiplied by the number of days stayed, on the basis of the reference amounts set by the Member States in accordance with Article 34(1)(c) of the Schengen Borders Code. Proof of sponsorship and/or private accommodation may also constitute evidence of sufficient means of subsistence.
Practical view:
The practice may vary from one country/case to another, but you should consider that the process is for risk assessment at all. A person, who has mutual funds equivalent to 4000 euro, is expected to have less risk of illegal immigration than who has 150 euro cash only. Of course I can't guarantee what happens, but I wouldn't look for cash in your case.
Providing credit card statement is a plus. You can provide any extra document to lower the risk even if it is not requested by the consulate/embassy.
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Source: stackoverflow.com
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