When considering studying in France as a mobility student, you will often need to justify your financial resources to the consular authorities to obtain a student visa. One of the common methods to do this is to provide an Irrevocable Transfer Certificate (AVI) issued by a bank or financial institution. Let’s explore in detail what an AVI is, why it is important, and the characteristics of a good AVI.
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What is an Irrevocable Transfer Certificate (AVI)?
An Irrevocable Transfer Certificate (AVI) is a document issued by a bank or financial institution. This certificate certifies that a permanent and irrevocable transfer order has been given to regularly transfer money to a specific individual or entity. AVIs are commonly used by mobility students to prove their ability to meet their financial needs during their studies in France.
Characteristics of a good AVI
A good Irrevocable Transfer Certificate must have the following characteristics:
- Sufficient amount: According to the requirements of the French Ministry of the Interior, the minimum amount required is generally around 615 euros per month, or 7380 euros for a year. If accommodation is provided free of charge, this amount can be reduced to around 350 euros per month.
- Permanent nature: The AVI must ensure that financial transfers will be made automatically and regularly, usually monthly, for the duration specified in the certificate. This ensures that funds will be available throughout the academic year.
- Irrevocable: Unlike revocable transfers, which can be cancelled or refunded, irrevocable transfers are final and cannot be cancelled. The issuer of the AVI must therefore guarantee the account holder’s solvency for the entire specified duration.
How to obtain an AVI, Irrevocable Transfer Certificate?
There are two main options for obtaining an Irrevocable Transfer Certificate:
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Through a bank: Many banks in different countries offer this service. It is essential to verify that the certificate issued by the bank includes all the necessary characteristics, including the amount, permanent and irrevocable nature.
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Through a specialised financial institution: There are companies specialising in issuing AVIs for international students. These companies often offer additional services, such as housing search or administrative assistance.
Comparison of options
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Banks: Several banks in different countries offer AVI services for student visa applications. The fee varies from bank to bank and from country to country. For example, in Cameroon, Union Bank of Africa, UBA, offers these services free of charge apart from transfer fees. In South Africa, as in many countries, Campus France and/or embassies have established a list of eligible banks for the AVI. Please check this in your country if applicable.
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Studely: Offers AVI services and to banking partners in France. Also provides administrative support and housing search. Studely’s AVI fees are approximately 470 euros per file, with two banking partners in France, La Banque Postale and Crédit Mutuel.
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Visa Etude France: Offers AVI services at a competitive price. Provides a fully online process and handles various administrative procedures. The AVI fees at VISA ETUDE FRANCE are 460 euros with two banking partners: Banque Populaire and Crédit Mutuel.
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Ready Study Go: Offers AVI services as well as comprehensive support for students. Has banking partners and offers a fully digital experience. The AVI fees at Ready Study Go are 460 euros per file.
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AVICENTER (formerly CROOS): Offers AVI services and also provides related services such as housing search and covering various expenses. The AVI fees at AVICENTER are approximately 500 euros per file (2020 rate).
Important tips
- Verification: Before choosing a provider for your AVI, make sure to verify their reputation and consult reviews from other students who have already used their services.
- Compliance with requirements: Ensure that the AVI meets the specific criteria established by the French consulate and the authorities in your country.
Sample Irrevocable Transfer Certificate Campus France
Start.
CERTIFICATE OF DEPOSIT OF PERMANENT AND IRREVOCABLE MONTHLY TRANSFER ORDER
We, the undersigned ……………………………., a public limited company with a capital of ……………………………, whose registered office is at …………………………………, hereby certify that we hold a permanent and irrevocable monthly transfer order of ……………………… from ……………………………., account holder No. ……………., opened in our books at the ………………… branch, in favour of ……………………………. student, who will pursue their studies in France for the academic year 2022-2023 in the city of ……………………………… The sum of …………………. (equivalent to 12 payments) has been blocked in the account for this purpose. These transfers will be made in accordance with the provisions of the ……………………… exchange office according to circular No. …………………………………. This certificate is issued to the interested party, to serve and avail as necessary.
Done at ………………………………, on ……………………………………
Bank stamp and signature.
End.
The Irrevocable Transfer Certificate (AVI) is a crucial element for mobility students wishing to study in France. By providing solid proof of financial capacity, students can increase their chances of obtaining a student visa and pursuing their educational dreams in France. Before choosing an AVI option, it is essential to conduct thorough research and ensure you choose a reliable provider that meets the requirements.
The exploration we have undertaken does not end here. Before concluding this exciting discovery, remember that you have the opportunity to delve even deeper into knowledge in complete confidentiality. Opt now for our ESA Private Pass and open the door to an exceptional experience. You will not only have the opportunity to ask all your questions in private but also have your file followed from A to Z. Seize this opportunity and continue this enriching adventure with us!
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