Can I withdraw the 500k THB in the bank after DTVC approval if I don't plan to extend my stay in Thailand?

Thai Visa Rules Retirement Visa DTV Approval Financial Requirements Visa Extension Process

Nov 2, 2024

4 days ago

ORIGINAL POSTER

Can the 500k in bank be spent/withdrawn after dtv approval or required to keep it in bank throughout?

No plans to extend in thailand after 6 months

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TLDR : Answer Summary

Once you have received approval for a Digital Nomad Visa (DTV) and do not plan on extending your stay in Thailand beyond the initial 6 months, you are not required to keep the funds in your bank account. Users confirmed that if there are no plans for an extension, the funds can be spent or withdrawn after the approval. However, there is some speculation about potential future requirements for extensions, but currently, the funds do not need to remain in the bank for the duration of the initial visa.

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Brian ****

I'd speculate the process for an extension would be similar to existing visas.

3 days ago

William ********

@Brian ***

I feel like folks are being too loose with their terminology.

A visa extension happens when the term of your visa expires, and you renew it. A marriage visa is one year, so if you extend it for another year, then yes, you have to show all of the necessary documentation, financial requirements, etc. to renew it for another year.

These are not things that immigration officers deal with at border crossings.

The DTV is a 5 year, multiple entry visa. Leaving the country after 180 days, and then returning, is not a visa extension. You are returning under the terms of your active visa.

To my knowledge, there has never been a visa where people were, after the fact, forced to meet new requirements to keep an existing visa.

Yes, you may be excepted to meet new requirements to extend your visa, but not to keep an active one.

If Thailand ends up granting tens, if not hundreds of thousands of DTVs, it would create an incredible burden to have immigration officers at border crossings vetting people. There’s a reason it’s taking 10-15 business days at embassies.

It is a border officers job to see you you are entering the country legally. It’s very difficult for me to believe they’ll be forced to check through bank statements, etc. for DTV holders.

What’s the benefit of it?

People are anxious because the visa seems too good to be true. And they might stop issuing them one day.

But staying in Thailand has always required flexibility.

So instead of worrying about imaginary futures, just enjoy your time, live your life, and adjust to changes as they come.

2 days ago

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

@Brian ***

What is similar? Extension process ast immigration office now depends on which type of stay you want to extend.

3 days ago

Brian ****

@Luit ****************

Generally you need to show the same documents at an extension as when you applied for the visa. So to extend a DTV, I'd expect to show up to date documents of what you needed for the visa.

2 days ago

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

@Brian ***

the big question for now is which of the documents you will need again, all or only part of them as with some other visa.

for extension of stay for non-o they have requirements, but that is only to extend the stay, this visa itself is not valid anymore in such a situation, so when you not comply for extension it is simply over.

DTV is different, you ask for extension of a stay of 180 days with another 180 days.

It indeed seems logical to check for requirements then, but what if you do not comply with those requirements?

Your extension might be refused, but you still have a valid visa, you go to the border and reenter.

Or do you think they can make your visa invalid for the rest of the duration if you do not comply with the requirements for extension of stay?

If they cannot make the visa invalid, the checking of the requirements might be something generating work without real effect.

2 days ago

Reply to

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

Kevin ********

For the 6 months no, but we don’t know about extension or entry after 6 months of 1st entry.