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 question revolves around whether transferring $15,000 from stocks to a savings account for three months will suffice as proof of funds for a Thai DTV (Digital Nomad Visa). Comments suggest that while the funds must be present in a bank account for the required duration, the precise amount may need to exceed 500,000 THB due to exchange rate fluctuations.
exactly and they jus announced no capital gains tax on crypto but won’t accept it as proof of funds either
Joona ***********
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?
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Joona ***********
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Jens ********
They ASK me to show 6 month, luckly i put
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Euro since 7 month at my Bank account.....but its annoying, normaly all my money is invested
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...
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Jens ********
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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
Karen ************
I used my investment savings statement rather than my checking account and gave them three months. No issue at all.
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.
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
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Vee *******
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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.
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.