Answereda year ago
Can a share portfolio from my home country be accepted as proof of 500,000 THB for a visa in Thailand?
Can a share portfolio in home country be used as proof of 500,000THB along with proof of income statements ?
Thanks In advance
Thanks In advance
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.
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Angela *********
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).
Andi ***********
@Angela ********
Yes, a checking account will be ok, Immediate access is the key, not having to sell stock to access the 500K is what many embassies require.
Matthew *******
OP@Andi **********
do you know if a combination of documents will be acceptedTax returns showing yearly income
Proof of income statements and bank statements showing weekly income being deposited ?
I’d rather not sell shares
Thanks
Andi ***********
@Matthew ******
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.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.
Angela *********
@Andi **********
by shared portfolio do you mean two individuals are listed on the account?Andi ***********
@Angela ********
Share as in British English for stock. Share portfolio - stock portfolioAngela *********
@Andi **********
oh yes, gotchaAnonymous ******************
@Andi **********
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.
Andi ***********
@Matthew ******
Yeah some are less responsive than others. You can try contacting them via F, instagram. some embassies respond quicker there.Matthew *******
OP@Andi **********
I did a that, now getting a reply is another story lolAnonymous ******************
@Andi **********
thanks.. very helpful...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.
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.
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