Can a share portfolio in home country be used as proof of 500,000THB along with proof of income statements ?
Thanks In advance
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TLDR : Answer Summary
The question inquires if a share portfolio from the applicant's home country can be accepted as proof of having 500,000 THB, along with income statements. The comments reveal mixed opinions: some suggest that certain investment accounts could qualify, while others state that most embassies prefer the funds to be in a personal account, with only a few exceptions in the USA allowing share portfolios.
Charles Schwab is an investment account which includes a checking account, which could show the 500,000 bhat amount. Wouldn't that qualify? I know Fidelity calls their included checking account a "cash management account" but it has all the same features as a checking account (offers checks and a debit card and the abilty to make deposits, and withdrawals).
They want to see the actual 500K balance in an immediately accessible account. Unfortunately tax returns, proof of income statements, income deposits are evidence of income not a balance. I know how you feel about selling shares as I had to do it, but it was worth it.
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Andi ***********
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Andi ***********
Majority of embassies do not accept a share portfolio for the 500k, a few in the USA do. The 500k in a personal account is overwhelmingly required.
my funds are in an investment institution USA but all in cash reserves....Available at a moments notice...think it works? What US embassies are u talking about?
Anonymous ******************
Anonymous participant 558 funds have to be deposited in a bank. For some embassies at least 1-6 months. For some embassies revolut or wise are not banks. An investment institution is not a bank, for sure.
Anonymous ******************
Anonymous participant 970 banks are so yesterday... thats why we all want BTC. I have heard of some embassies allowing brokerages with cash managment accounts but cant be certain.
Andi ***********
Anonymous participant 558 NYC accepts brokerage accounts, i cannot recall the others. Have a search in the threads, posts should be there. You can email the embassy you are applying from regarding your instant cash availability within an investment account being used.