What proof of funds is needed for a Working Holiday visa in Australia (Subclass 417 visa)?

Applicants must show sufficient funds of AUD 5,000 in the bank account to apply for a Subclass 417 visa. The sufficient proof of funds is necessary to apply for a Working Holiday visa as it ensures the applicant can financially support themselves in the country. A Working Holiday visa in Australia up to three times. Additionally, other than sufficient proof of funds, it is necessary to have funds to pay the processing fees of 650 AUD to apply for a Subclass 417 visa.
 

A Subclass 417 visa allows a young national aged between 18-30 years old to reside, work and study in the country for 12 months. An applicant can stay in the country for up to three years with a Work and Holiday visa. A Working Holiday visa allows an applicant to:
 

• Stay leave and revisit Australia frequently after 12 months
• Undertake an educational course of a maximum of 4 months
• Work in Australia for specific job sectors
• Travel without any restriction
   

*Willing to apply for Subclass 417 visa? Talk to Y-Axis for complete guidance.
 

Eligibility criteria to apply for Subclass 417 visa

To be eligible to apply for Subclass 417 visa, an applicant must fulfill the eligibility criteria such as:

• Proof of Age between 18-35 years
• Must not be a holder of Subclass 462 and Subclass 417 visa
• Sufficient proof of funds
• Must be from an eligible country to apply
• No dependents
• Health and Character requirements
• Must reside outside Australia at the time of application
   

Requirements to apply for a Subclass 417 visa

For Subclass 417 visa, an applicant must fulfill the requirements, such as:

• Earlier history of visas
• Proof of sufficient funds of AUD 5000
• Proof of age
• Residency evidence
• Proof of unaccompanied by dependents
• Proof of settling payments to the Australian government (if any)
• Must not have cancelled or declined visa
• Must comply with the values statement of Australia
   

Processing fees of Subclass 417 visa

The application fee for an Australian Working Holiday visa (Subclass 417) is AUD 650. The processing fees will be the same for three Subclass 417 visas.
 

*Want assistance for Australia Immigration? Talk to Y-Axis, the world’s No. 1 overseas immigration consultancy for end-to-end support.