I am a non-us resident seeking a visa for education and a number of universities ask for proof of funding, in the form of bank statements or solvency certificates, during admission. What exactly is a solvency certificate? Is it equivalent to a bank statement, especially with regard to establishing funding capability?
Federal immigration regulations require that all international students provide evidence of adequate funds to meet the financial obligations of enrollment at a U.S. university. The combined U.S. dollar amount must equal or exceed the minimum listed for the applied term.
Hence typically most universities ask for a Bank statement showing the funds in the account.
However some Universities also accept a Solvency Certificate.
If you are say a high networth individual, you may not want to give your Bank account statement [too much money there] and the Bank would be happy to issue you a Solvency Certificate. However if you a normal customer, Bank may refuse to give you a Solvency Certificate.