Answered11 days ago
Can I use a non-registered term deposit for proof of funds for a Thailand visa?
I googled and it said I can use a non-registered term deposit for proof of funds. True or false?
Answer summary
The use of a non-registered term deposit (TD) as proof of funds for a Thailand visa is uncertain and highly dependent on the specific regulations of the local embassy. While some community members suggest that it might be acceptable because it can be accessed by paying a penalty, there are significant concerns raised about the need for funds to be immediately available in a liquid account like a savings or checking account. It is recommended to verify directly with the embassy to confirm the acceptability of such financial instruments.
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Jasmine ********
Non-registered term deposit (TD) should be ok (because would be immediately accessible, simply pay penalty to cash out) but verify with the embassy. May need to be in variable savings.
TDs are offered by all banks and Credit Unions in Canada (some call these GICs). In USA these are known as CDs - also offered by all financial instiutions. I believe Europe and UK may also use Term Deposits.
TDs are offered by all banks and Credit Unions in Canada (some call these GICs). In USA these are known as CDs - also offered by all financial instiutions. I believe Europe and UK may also use Term Deposits.
Greg ********
OP@Jasmine *******
yeah but try to explain that to the guy in Vancouver. He doesn't understand. Oh well no biggieAlastair ********************
1. Ask the embassy not Google.
2. If most people have no idea what your bank is then you can probably assume the visa staff have no idea also.
3. Money should be in a readily accessible account. Anything else is most likely not acceptable.
2. If most people have no idea what your bank is then you can probably assume the visa staff have no idea also.
3. Money should be in a readily accessible account. Anything else is most likely not acceptable.
Expat******
High chance any type of TD would get rejected as they clearly ask for seasoned funds in a liquid (cash/savings) account so they can see deposits to deter their suspicion of the borrowed top up trick. Best to transfer out of TD into transaction ac and sit out the 90 days.
Outgoing*********
The rule is has to be
" cash" accessible, usually a chequing or savings account .
Your local embassy may accept it, but that is a "local" decision.
Contact the embassy you will apply at.
" cash" accessible, usually a chequing or savings account .
Your local embassy may accept it, but that is a "local" decision.
Contact the embassy you will apply at.
Henrik *****
The money has to be IMMEDIATELY available, if you has to pay something at once ( Hospital, fines, etc.)
Cliff *********
Use a real bank
Greg ********
OP@Cliff ********
what? You think my bank isn't real? How so?
Cliff *********
@Greg *******
if you don’t want to lose your application fee, follow their instructions.Real money seasoned in a real bank account, nor some smart work around.
GivingPer**********
@Greg *******
Because many people believe wise etc are banks?
Greg ********
OPGivingPersimmon1136 Scotiabank is a real bank
LongTimeLivi************
Depends on the embassy you apply too.
Andi ***********
Very unlkely accepted if it has restrictions on withdrawals which these TD often do.
Indigo*******
Try google it: true or not
Greg ********
OPIndigoFox8267 I did it said true just wanted to know for sure before I pay
John **********
What's a non registered term deposit
Andi ***********
@John *********
Very similar to a fixed term deposit except NR TD in general must pay tax on interest.Activity
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