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My wife and I plan to visit Greece for 7-8 days in month on June. I just wanted to confirm how much bank balance is required in the account for the visa approval. We plan to visit 2 islands (Santorini and Mykonos).

Also before this we applied for US tourist visa in March'16 to visit my sister, but we did not get the visa with the reason stated "No strong ties" however the interviewer did not check any of our papers. I would also like to know that will this have an impact on getting the Schengen visa?

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    @Relaxed I understand it's not uncommon for people to bring additional supporting documents to the interview for a US visa (as recommended) and then be frustrated when the officer denies the application without looking at those documents. – Zach Lipton May 3 '16 at 5:48
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    That's definitely not the case, such a rule is nowhere to be found in the regulations, the only official automatic reason for a refusal is if a Schengen country has put a ban/warning about you in the Schengen Information System and that does not happen automatically for all immigration violation, let alone for a mere visa refusal so how could it be the case for a refusal by a third country? – Relaxed May 3 '16 at 8:37
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    At the same time, I certainly don't want to suggest that it does not matter at all. The Greek consulate will be able to see the refusal stamp and might therefore be extra careful when reviewing your application. Schengen countries have a similar (if not identical) set of criteria than the US so having been refused a US visa before is less than ideal. But nothing forbids you to apply and if your application is strong and you make sure to address the objections raised last time (ties to your country of residence), you still have good chances of success. – Relaxed May 3 '16 at 8:39
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    It sounds like this is a rule the travel agent has then and they won't assist you with your visa application. You are, of course, free to apply on your own. The Greek officials will also expect you to show strong ties to your country though, so you should do your best to address whatever issues you can from your US visa application. – Zach Lipton May 3 '16 at 22:37
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    Also, be careful not to be too focused on bank balance. If you "park" funds in your bank account in the hope of beefing up your application, you are actually hurting yourself, because it appears that you are trying to misrepresent yourself, and that damages your credibility. If it looks like you're parking funds for the application, it is likely to be denied for that reason alone. – phoog May 3 '16 at 23:12
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There is a reference per diem amount required to satisfy the "means of subsistence" requirement, which is €50 for Greece. So that works out to about €400 for your trip. But that's a minimum amount, you also have to show that you have a stable situation and that the costs of the trip you're planning is commensurate with your means. That's why it's best if your bank statement shows evidence of a regular income rather than a large amount of cash.

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The usual requirement from a Schengen embassy is €35-50 per day. For my fifteen day trip I technically had to give proof for €580. Obviously €580 for a fifteen day trip is way too little; you should know it and definitely the embassy knows it. It would be much easier if each one of you shows a bank statement for thrice their minimum amount. A good amount for a 7-8 day trip would be €1300-€2000 each

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