Answereda year ago
Can I transfer $15,000 from stocks to savings for DTV proof of funds?
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?
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.
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Anonymous ******************
What about stable coins, if you have the 16k usd in stable coins for 3 months
Anonymous ******************
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 !
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 !
Kurt *************
Anonymous participant 360 they want to see you have some income other then the 500k basicly ;)
Christian *******
That's exactly what I did.
Karen ************
@Christian ******
same here.Joona ***********
So even if you have over
*****
0 USD on stocks (where they make over 20% profit/year), they doesn't count? They have to be on bank account where they lose their value every month?Bob **********
@Joona **********
correct the stock market is gambling it can crash funds need to be in a bank account
Anonymous ******************
@Bob *********
the words gambling and investment should not be so easily interchangeable. Banks also crashBob **********
Anonymous participant 604 are you betting that a bank stays open or are you betting that a stock goes up?
Anonymous *************
OP@Joona **********
exactly and they jus announced no capital gains tax on crypto but won’t accept it as proof of funds eitherJoona ***********
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?
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?
Jens ********
They ASK me to show 6 month, luckly i put
*****
-*****
Euro since 7 month at my Bank account.....but its annoying, normaly all my money is investedAnonymous *************
OP@Jens *******
same i don’t understand why they wouldn’t just take an investment account 😂 the money is there
Anonymous ******************
Anonymous participant It has to be liquid as it is meant to show that you have the funds to support yourself for your initial 180 day stay.
Jens ********
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...
DTV_Be*******
They don’t care what financial gymnastics you do
They want to see it in an acct for the recommended vested period
That’s it
Good luck
They want to see it in an acct for the recommended vested period
That’s it
Good luck
Karen ************
I used my investment savings statement rather than my checking account and gave them three months. No issue at all.
Anonymous *************
OP@Karen ***********
in Hanoi? where did you apply?Karen ************
Anonymous participant USA
Anonymous ******************
Which consulate are you applying from. Check their requirements.
Vee *******
Sooo if the portfolio shows it equals 15,000+ that should be fine. Or even if you have retirement accounts.
Anonymous *************
OP@Vee ******
rock collection 😂Anonymous ******************
@Vee ******
Often times they won’t accept anything other than conventional chequing or savings accounts so no investments/crypto/gold/trading cards/rock collection.Vee *******
Anonymous participant 812 I mean, I submitted my retirement account and they accepted mine. But alright
Jason **********
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.
Ian **********
@Jason *********
CorrectAnonymous ******************
Yes, it'll work.
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.
Duration is embassy dependent.
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.
Duration is embassy dependent.
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