AI agents for business finance: what they can and can't do
What AI agents can do in bookkeeping, close, collections and compliance today, where a person must stay in charge, and how to judge a product.
The short answer
Migri requires students to have at least €800 a month, and €9,600 in their own bank account when they apply if studies last a year or more, plus tuition if unpaid. You must attach a six-month statement showing your name, bank and currency; Migri does not accept sponsorship agreements, and a permit for a longer period needs funds for its whole validity.
The Migri figure
Finland's Immigration Service (Migri) sets a single monthly income requirement for students: you need to have at least €800 per month at your disposal, plus your tuition if you have not yet paid it. If your studies last one year or longer, Migri says you must have €9,600 in your bank account when you submit the application. That is twelve months at €800 (12 × 800 = 9,600).
Migri's page does not show an effective date for these figures, so check it again on the day you apply.
One year or the whole programme?
Many Nigerian applicants ask about a two-year permit. Migri's page says you can be granted a residence permit for the entire duration of your studies, and also that "you must have sufficient funds for living in Finland during the entire period of validity of your residence permit". At the same time, the figure it asks you to hold in the account at application for studies of a year or more is €9,600.
In practice, that means two things. You should be ready to show at least €9,600 when you apply. And if you want a permit covering a longer period, you should expect questions about how you will meet €800 a month beyond the first year, for example through continuing parental support or a scholarship. If you are relying on a longer permit, ask Migri directly what it will expect for your case; the page does not spell out a separate two-year amount.
Worked example
Example only: Uche starts a two-year master's in Tampere. Living costs for the full two years at Migri's rate would be 24 × €800 = €19,200. When she applies, she holds €9,600 in her own account, as Migri requires for studies of a year or more, and adds a scholarship letter from her university covering part of her living costs in year two. If her tuition is not yet paid, she must show that on top.
Rules on how you show the money
- Attach a bank statement covering the past six months.
- The statement must show the account holder's name, the bank's name and the currency.
- The money must be in your own account, for your personal use only.
- Migri says sponsorship agreements provided by relatives, friends or employers are not acceptable.
- Funds meant for living in Finland cannot be used to pay tuition.
Other conditions and timing
Migri's studies page adds that a student must have a study place, meet the income requirement and "must have health insurance". It says you should apply for a residence permit "as soon as possible" and that a student primarily applies for the first permit before entering Finland. The application fee is paid in Enter Finland, at a mission or at a service point; Migri lists the amount and current processing times on separate pages, so check both before you plan your travel date.
Tuition proof and scholarships
Migri notes that studies at universities and higher education institutions are usually subject to a fee. If you have a scholarship for tuition, attach the certificate your institution issued. If you receive a grant for living costs, Migri says that money is counted towards the income requirement, which can reduce what you must show from your own account. If you have paid tuition already, attach the receipt so the officer does not count it against your €9,600.
What to check first
- Confirm Migri's current monthly figure and the at-application balance.
- Open or use an account in your own name and keep six months of history.
- Get statements that show your name, the bank and the currency.
- Attach tuition receipts or scholarship certificates.
- Decide whether to request a permit for one year or the full course, and prepare evidence for the full period.
Related reading: how long proof of funds must sit in your account, Czech student visa funds and Schengen visa proof of funds.
Where Pryme fits
Migri's own-account and six-month rules suit a student-held account opened early. A Pryme Personal Account can be opened from any country, holds EUR alongside NGN, USD and GBP, and lets you generate a verifiable statement through VerifyDoc.ai showing name, currency and history.
Questions people ask
How much money do I need for a Finland student residence permit?
Migri requires at least €800 a month, and €9,600 in your bank account at application if your studies last a year or more, plus tuition if not yet paid.
Can my parents sponsor my Finland student visa?
Migri says sponsorship agreements from relatives, friends or employers are not acceptable. The money must be in your own account; parents can transfer it to you in good time.
How many months bank statement for Finland residence permit?
Migri asks for a statement covering the past six months showing the account holder's name, bank and currency.
Can I get a two-year student permit in Finland?
Migri says a permit can be granted for the whole duration of studies, and that you need funds for the entire validity period. Ask Migri what it expects for a longer permit in your case.
Sources
- Migri (Finnish Immigration Service): Income requirement for students · accessed Oct 2026
- Migri: Studies (residence permit for studies) · accessed Oct 2026
This article is general information, not financial, legal or tax advice. Products described are provided under the terms on this site and are subject to regulation and eligibility.