The Ministry for Foreign Affairs announced that some travellers arriving in Finland for short stays who need visas to visit the Schengen area are now required to have funds of at least 50 euros for each day they spend in Finland.
The new amount represents an increase of 20 euros on the previous Schengen visa requirement.
The new rule went into effect at the beginning of the year, on Monday.
The ministry cited rises in the cost of living as the reason behind the more than 66 percent increase.
A Schengen visa is an entry permit intended for a short-term or temporary visit. It entitles the bearer to travel within the territory of all countries that belong to the Schengen area.
At the same time, Finland also rolled out a proof of sponsorship or accommodation scheme, allowing visa applicants to finance their visits using the funds of their hosts in Finland.
In such cases, the host must fill in the sponsorship form, and the visa seeker will need to include it with the rest of the application.
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