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No, there is no official minimum bank balance for US visa applicant. However, to prove financial stability, it is recommended to maintain a healthy balance for at least 3-6 months before applying. The amount should be enough to cover tuition, living costs, and unexpected expenses while studying in US.
The $350 fee can be paid through the mail. Submit a completed Form I-901 and a check or money order drawn on a U.S. bank and payable in U.S. currency. The fee can also be paid through a sponsor.
All students receiving a new initial I-20 must pay the SEVIS fee of $350 online. Please see fee payment instructions below. Generally, students will not have to pay the fee again as long as they maintain their F-1 status.
All F and M students that study in the United States need a Form I-20, Certificate of Eligibility for Nonimmigrant Student Status. Once accepted into a Student and Exchange Visitor Program (SEVP)-certified school, international students will receive a Form I-20 from their designated school official (DSO).
This type of I-20 is provided to a student by their schools DSO after they have confirmed their acceptance, submitted required financial documents, and indicated that they intend to apply for an F-1 or M-1 student visa in their home country. An initial I-20 takes about two weeks to receive, on average.
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Find and Access Form I-20: In the documents section, look for your Form I-20. Once located, you can read and download the Form I-20 for your use.

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