Answereda year ago
Can I show 500,000 THB in a WISE account for visa purposes?
Is it possible to show the 500k TBH in a WISE account?
Answer summary
The acceptability of showing 500,000 THB in a WISE account for visa-related purposes in Thailand varies by embassy. While some individuals report that WISE accounts have been accepted, there are concerns about the legitimacy and recognition of WISE as a bank for this purpose. Many commenters suggest that traditional banks are preferred or required, especially for immigration processes. If the funds are in Thai Baht and shown in an acceptable format, it may improve chances of acceptance, but the consensus leans towards traditional banks being safer for proving finances to immigration authorities.
41 repliesnewest first
Click comment and we will ask for your email, then OTP, then name.
Karl ******
No
Steve ********
It’s possible, I showed my wise account! Applied via Australian embassy
Conor ***********
What about proof of salary being paid into wise is that allowed then 500k in an actual bank
Simon *********
Might help if it's in THB
Fred *********
Yes
Graeme ***********
Is this for a renewal of your permission to stay for retirement (married)?
Jack ********
Wise is completely accepted in 99.9% of embassies ☑️
Jack ********
Majority of you are completely wrong
John **********
You might find a consulate that will accept it but Wise is not a bank so most won't
Mario ********
@John *********
wise is a Bank has IBAN and BIC SWIFTJohn **********
@Mario *******
no it isn't and they don't claim to be *********************************************
Jay ******
I used wise, worked fine
Ian *****
WISE isn't a Thai bank. Can't see that working
Ted *******
@Ian ****
it doesn’t need to be in a Thai bank.Ian *****
@Ted ******
ah.
Andy ************
Not possible. Has to be a bank
Simon *********
@Andy ***********
Wise is a bank, since changing from TransferWise...
Max *************
@Simon ********
Wise is a so called financial institution,nothing else.Max *************
@Simon ********
It's regulated as a financial institution. You seem a bit confused. Why argue about stuff you don't know anything about?Simon *********
@Max ************
since changing to Wise, from transfer wise, it operates and is regulated as a bank, however, since they have no branches and do not lend money, it is classed as a online financial institution...Andy ************
@Simon ********
Wrong. Wise is most definitely not a bankJohn **********
@Simon ********
Wise is not a bank and does not claim to be a bank
Lucas **********
They don't like it ...
Sposa *****
Maybe Wise won’t hold this much amount
I think they have limitations
And money is money
As far as concerned authority wants to see money
I would say it should be excepted wherever is money and it is legal money
I think they have limitations
And money is money
As far as concerned authority wants to see money
I would say it should be excepted wherever is money and it is legal money
Anna *********
@Sposa ****
and you be wrong on both counts 😀Robert *********
@Sposa ****
no ,they won't ,in a Thai bank onlyAnna *********
@Robert ********
in any bank not just Thai banksTed *******
@Robert ********
it absolutely DOES NOT need to be in a Thai bank.
Greg ***********
@Robert ********
the same if you apply for a 90-days Nonn-Imm-O Retirement Visa, the 800,000 THB can be on ANY bank account ANYWHERE in the World, as long as you can show the account is in your sole name and the deposit has been sitting in the account for THREE months. Only for the application to the 1-year Extension of the Stay Permit, the 800,000 THB must sit in a Thai bank accountGreg ***********
@Robert ********
the 500,000 THB deposit you need to prove for the application to the DTV, can be on ANY bank account ANYWHERE in the World, as long as you can show the account is in your sole name and the deposit has been sitting in the account for THREE months. You need to show 3 months of bank statements. That's a rule EVERY Thai Embassy worldwide is following, regarding the DTVTed *******
@Robert ********
no.Anna *********
@Robert ********
individual embassies may ask for different documents or extra dry but none say funds must be in a Thai bank for DTV visa nor do they change the amount Anything could change in the future so that’s pretty irrelevant 😀
Robert *********
@Ted ******
What i read is its up to each individual embassy .And
You can be sure the rules will change
Anna *********
@Robert ********
????🤷♀️Ted *******
@Robert ********
foreign banks? What are you talking about? It is assumed that you will have the money in a bank account in your home country.Robert *********
@Anna ********
where it says it's up to each individual embassyTed *******
@Robert ********
you can’t even open a Thai bank account with a DTV visa. The rules for the DTV are crystal clear that you need the equivalent of 500K THB documented. Not actual THB. Perhaps you are thinking of a Retirement visa.Anna *********
@Robert ********
for DTV it can be any bank not for all visa types Proof is on the Thai visa websiteRobert *********
@Ted ******
that goes against everything I have heard/ read for 25 years .When I phoned my Thai embassy in Vancouver ,that is not what they said .
When I talked to an agent last year that is not what they said .
Do you have any proof?
It would make me happy .
I simply don't trust to have that much money in any foreign account .
Gary *********
Not wise to
Brandon ************
Depends on the embassy. Some embassies yes, other embassies no.
Activity
22 joined22
people
Related
25Can I use my locked retirement funds to apply for a Non-O Visa in Thailand and access cash later for a Thai bank account?
4.7k141174mo
What are the alternatives for US Citizens to verify income for Thailand's retirement visa after the US Embassy stopped certifying it?
12.4k672385mo
Can I use a sponsorship letter from my parents for a DTV visa as a freelancer?
1.9k18136mo
What is the best way to manage the 800,000 THB for a retirement visa in Thailand to ensure access and interest?
17.7k1212797mo
What should I know about being sponsored for a DTV medical visa in Thailand?
30427mo
What are the differences between Non-O and Non-OA visas regarding the 800,000 THB requirement?
2.9k22327mo
What are the requirements for receiving the 65,000 baht monthly income for a retirement visa in Thailand?
14.6k1108910mo
Can I apply for a retirement visa in Thailand based on monthly income instead of an 800K baht deposit?
2.9k23261y
What are the requirements for transferring 65,000 Baht monthly to a Thai bank account for retirement visa purposes?
4.2k33421y
Is it necessary for the 500,000 baht for the DTV visa application to be deposited for three months?
1.1k5101y
Do I need to transfer my income to a Thai bank account for a retirement visa in Thailand if my embassy no longer confirms income?
1.9k16131y
Is obtaining a retirement visa in Thailand difficult?
6.3k63342y
Can I convert my retirement visa funds into a fixed deposit account in Thailand?
4.3k29392y
Can my wife apply for a Trailing Spouse visa on my Non-O Retirement Visa in Thailand, or does she need her own?
2.2k10322y
What documents are required for applying for a Non-O visa in Thailand after extending a visa exemption?
2.4k16253y
Do I need to provide bank account details when applying for a spouse visa under my husband's Non-O retirement visa?
853374y
Can I open a fixed deposit account while maintaining my retirement visa requirements in Thailand?
2.5k14314y
Can I open a bank account in Thailand while on a tourist visa for retirement visa purposes?
5.3k48405y
Can an American use a Social Security annual report to qualify for a retirement visa in Thailand?
1.7k8215y
What do I need to apply for an extension of stay based on retirement with a Non-O visa in Thailand?
1.2k775y
What documents are needed for an American to apply for a retirement visa in Thailand?
13.9k141906y
Should I buy a return ticket when planning to retire in Thailand with my Thai wife?
2.5k20196y
Do I need to have my retirement visa income in a Thai bank or can I use UK bank statements?
3.1k3179y
Can I extend my OA Multi Entry Retirement Visa before leaving Thailand or in the UK?
2.4k20179y
What are the best options for obtaining an 'O' Retirement Visa in Thailand after turning 50 while managing currency exchange issues?
5.9k57429y
Resources
Need help with your retirement visa?
#1 visa agent · 4,000+ reviews · 100,000+ expats served