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Can I transfer funds to a Monzo account for the DTV Visa even if it doesn't show a 6-month holding period?

DTV Visa Thailand visa requirements financial requirements bank account embassy procedures THB investment accounts

Sep 5, 2024

2 months ago

ORIGINAL POSTER

Hi everyone,

Regarding the 500,000 THB requirement for the DTV Visa. If the funds are currently spread across different investment accounts, would it be acceptable to transfer the money to a Monzo (UK bank) account prior to applying (2 weeks), even though the new account wouldn’t reflect the 6-month holding period? I can provide proof of the source and trace the transactions back to the original accounts where the funds have been held for over 6 months.

Has anyone experienced this, or know if this would meet the financial requirements for the visa?

Thanks in advance for any insights!

(Asking for a friend, I already got my DTV approved in HCMC)

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TLDR : Answer Summary

The discussion focuses on the 500,000 THB financial requirement for the DTV Visa and whether transferring the funds to a Monzo (UK bank) account two weeks prior to applying meets the criteria. Several comments indicate that different embassies have varying requirements, with some suggesting that the money must be in an account for six months, while others share experiences of successful approvals with more flexible criteria.

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Toni *******

You need to ask your embassy, there are as many answers as there are embassies

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Pham *****

ORIGINAL POSTER

Laos embassies mention I could follow my methods but the balance must be maintained for 3 months

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Pham *****

ORIGINAL POSTER

I called Ho Chi Minh Embassy and spoken to the lady: the amount 500,000 baht must be a current statement in a normal bank or saving account, with the 6 month statement, not necessary with consistent 500,000 baht in 6 months. But the consular will consider based on your transaction within 6 months to verify the validity and the purchase power

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Pham *****

ORIGINAL POSTER

I called the embassy in Ha Noi and they said the same

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Pham *****

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Keron ******

I transferred the equivalent of the 500k 2 days before applying...and I got approved.

The Thai Embassy in Ottawa, Canada requested that I submit only the Previous month banking statement and showing my debits/credits.

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Pham *****

ORIGINAL POSTER

Congrats!

I don’t think they apply the same rule for every embassy though

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Keron ******

No...every embassy is different...so look at all of the people's experiences and prep accordingly...end of the day ..the embassy you apply to will tell you what you need 🙏🏾.

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Keron ******

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Ronan *********

I emailed the consulate in HCMC about a similar question, here's what they responded with

"Regarding the financial statement, kindly print out the transactions within the last 6 months from your personal bank account (it can be from any bank, in any currency) in English or Thai.

- 1 document showing the transactions within 6 months.

- 1 document showing the account balance or a combination of a deposit accounts/saving account/bank account totaling not less than 500,000 Baht.

- kindly note that these documents must be issued by the bank."

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Marco *****************

@Ronan ********

hi, about the last part - is it just printing the bank statements from the personal bank or is it like we have to request our bank for a stamp or something like that?

I'm planning to just print my last 6 months from my bank statements from the app, so I guess that is enough?

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Pham *****

ORIGINAL POSTER

@Ronan ********

thanks, it seems they’re strict about the 6 months period

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Luit *****************

I think when someone wants to spend quite long in Thailand during 5 years, it should be normal to have enough funds, so they want to see you have accessible funds during a longer period, and not only put the money there only to get a DTV visa.

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Luit *****************

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John **********

If the embassy you plan to apply to requires you show the money for 6 months in a bank account then of course not

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Pham *****

ORIGINAL POSTER

@John *********

I think it depends whether they stick with the black and white rules or seeing the underlying is that the fund is owned and easily accessible.

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John **********

I'd bank on the first option. I guess you can try as long as you understand it probably won't be acceptable. The one thing I've learned in Thailand is that black and white rules are adhered to, but you will be applying outside of Thailand so may have better luck

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Andi ***********

If you get a letter from your fund stating something like it offers daily online accessibility, that may help..

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Andi ***********

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