Can I use my company bank account for the Destination Thailand Visa application or do I need a personal account?

Question

Hey everyone,
I’m flying to Hanoi next week to apply for the Destination Thailand Visa (DTV) – workation route.

Here’s my situation with the bank statement (the famous 500k THB for 3+ months rule):

•  I run a fully online e-commerce business registered in my home country.

•  I am the sole owner and only person with access/signatory.

•  The company bank account is under my full legal name + “Company Ltd” (or LLC, whatever the equivalent is) at the end.

•  This account has had well above 500k THB (actually way more) sitting there for over 3 months, and the turnover in the last 6–8 months is in the multiple millions of baht (lots of incoming and outgoing payments from platforms, suppliers, ads, etc.).

•  I use this company account for pretty much everything tax-wise: rent, internet, food, transportation, travel – all legally declared as business expenses in my country because the business is 100% online/location-independent.

I do have a personal account, but it has basically zero history and almost no money in it right now.

My question to people who already went through the DTV process (especially in Hanoi or other “strict” embassies):

1.  Have you successfully used a company bank account that has your personal name + “Ltd/LLC/Co. Ltd” at the end? Did they accept it without any drama?

2.  Or would you play it safe and transfer the money to a clean personal account now (even if that personal account will only have the money + transfer for a couple of weeks before I print the statement)?

I know some people say “only personal account” but I’ve also seen recent reports of company accounts being accepted as long as your name is clearly on it and you can prove you’re the sole owner.

What would you do in my shoes? Leave it in the very solid company account (tons of history, huge turnover, balance never dropped below the requirement) or rush a transfer to personal and lose most of the transaction history?

Appreciate any recent experiences – especially Hanoi consulate!

Thanks

Ask Thailand · Answer

The user is preparing to apply for the Destination Thailand Visa (DTV) and is concerned about whether they can use their company bank account to meet the requirement of having 500,000 THB held for three months. While the user has a substantial balance in their company account, they are advised by others that only personal accounts are acceptable for visa applications. Comments suggest that transferring the funds to a personal account could be the safer approach, despite the potential issues with transaction history and personal taxation. The community shares varied experiences from applying in Hanoi, with a consensus leaning towards using a personal account to avoid complications.

John ********** · Answer

The money must be in a personal account. Money in a business account belongs to the business and not you personally. They want to see 3 months of bank statements but only the final month needs to have the 500k baht showing. The problem you have is waiting for the statement to show that which might be the end of the month if that's when your bank generates statements

Andi *********** · Answer

In Vietnam. You can be approved with non seasoned funds. There are many posts of approval to confirm this. Funds must be in a personal account, make a relevant transfer and then apply.

Irfy**** · Answer

Ltd company is a separate entity to an individual.

The spirit of the rules of DTV apply to funds being in an accessible bank account in the individuals name. As the individual is applying for the DTV, not the company.

How the individual embassy interprets those rules along with a covering letter from yourself, only the embassy officer can answer that.

You can risk the visa fee and try your way with the company bank account. But be prepared to have to wait almost four months to apply again if it fails, as the money has to be in a personal account for over three months.

Also note if you do move the funds to your personal account then you will be liable for any personal taxation in your home country. Plus any potential NI etc if it’s taken as a salary.

Hongthai ******* · Answer

Not sure if it's the same for workcation but I went soft power in Hanoi and had no issue after depositing the money a month before. I did show 6 months of statements with money going in and out and that seemed to be enough.

Kurt ************* · Answer

500k needs to be in personal account not business. There is no way outside of this.

I would transfer, and write a coverletter describing your business and just say you thought business account was okay but got told to do personal and thats why the money isnt seasoned. Along with paperwork showing sole ownership

DTV_Be******* · Answer

Please look at previous posts.  This has been discussed - company accounts have usually not worked

Can I use my company bank account for the Destination Thailand Visa application or do I need a personal account?

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