am i able to just transfer 15k USD from stocks to savings and let it sit for 3 months and that will do for my DTV proof of funds?
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TLDR : Answer Summary
The community discusses the requirements for proving financial stability for the DTV visa in Thailand. Many participants emphasize that funds need to be in a bank account for a specific period to meet the embassy's requirements. The general consensus is that while having investments is valuable, the funds should be liquidated and visible in a bank account for at least three months. Moreover, it is advised to keep a buffer above the minimum threshold due to fluctuations in exchange rates.
When I applied for DTV (Hanoi) after sending them my bank statement/balance showing over 500,000 baht, they then requested further my transactions statement for the last 6 months.
It seem they wanted to see incoming payments every month. This was for workcation and no help with agent.
This was last year, they will most likely be more strict now. I hope this helps. Good luck !
Well thats a rule I don't never understand... That's why I haven't ever applied visa because been thankful from my profiting funds. I can live with my interests, but not anymore if I sell them (and pay taxes) and move them to bank account.
It's not gambling when you are smart.
But is it allowed to move them back to stocks/funds from bank account when the DTV is approved?
Anonymer Teilnehmer 812 yes, but shares from stock market i can allways sell, so its a liquid asset. If i have a 15 Million account it will not be gone in 6 month. Understand it must be higher amount beceause of higher risk...
Often times they won’t accept anything other than conventional chequing or savings accounts so no investments/crypto/gold/trading cards/rock collection.
No because 15k usd isn't 500k thb. That's currently worth 481,800thb. You should have more then enough in the account to cover fluctuations in conversion rates.
Calculate the conversion basis current exchange rate and keep a buffer of an additional 500 dollars. At Current exchange rate 500,000 THB is around 15,564 USD. So, having around 16,000 USD will be safe.
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