Hello everyone I have a technical question regarding the $$ requirements. Suppose one has proof ofbthe 500K for the previous 6 months, however it is not kept in a "classic" bank account per se, but rather in an investment account in a well established financial firm.
Can anyone see any issue that might arise during visa approval process?
Alternatively, is there any benefit in transferring the $ to a "classic" bank account? Obviously in the recipient account there will not be statements of 6 months but rather a month or so.
Thanks
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TLDR : Answer Summary
The user is inquiring whether having the required 500,000 THB in an investment account for the past six months can suffice for Thai visa financial requirements, and if transferring funds to a traditional bank account would be beneficial. Responses indicate that requirements can vary by embassy, but generally suggest that funds should be in an immediately accessible personal bank account for a specific period, with some embassies allowing for shorter timelines. Users advise confirming the specific requirements based on the embassy application and ensuring the account is liquid.
NON-O RETIREMENT VISA RESOURCES / SERVICES
Go to the Retirement Visa Section for information on requirements, including age restrictions, financial requirements, and necessary documentation.
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If they all go for the gold standard from Malaysia which maybe what will happen soon then you should look at what they require
Werner ************
Needs to be in a personal immediately accessible bank account in your name for up to 6 months - you may also be required to login to your account to show the balance and account information
yes it's a personal account and immediately accessible, more than the "regular" bank account actually
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Anonymous *************
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Chris ***********
Some embassy only want 3 months of account summary
Helen ********
Depends on the embassy but most want to see the money in an immediatly accesible bank accout. Search the group this question gets asked and answered daily with info from different embassies
Is the investment account an instant cash accessible account? Prove that and your chances increase of success. Majority of embassies do not require the 500k to be seasoned for 6 months.
Same question here and concern..my hubby is slowly putting money in my account now..I have money more than what needed but in an investment account..so if we apply next .month my money will only be there for a month or less..
Pete *******
Completely dependent on the Thai Embassy requirements that you apply through.