Bank Balance Certificate is an official document issued by a bank. The certificate clarifies how much fund is available in a specific account on a specific date. This is a very important document for students wanting to study abroad as it is the mean of proving the university that their sponsors have sufficient funds available in their or sponsors? account to afford the expenses of the students. While getting the Bank Balance Certificate issued, the student needs to remember that they will have to convert the amount to the currency of the country they intend to apply to based on the exchange rate of the particular day.