Can the 500k proof of funds for the DTV be in liquid assets like index or mutual funds, or does it need to be in a bank account?

Jul 23, 2024
4 months ago
Sahil ********
ORIGINAL POSTER
For the DTV, can the 500k (proof of funds) be in liquid assets like Index funds or mutual funds .. or do I need to transfer it to my bank account ..
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TLDR : Answer Summary
The discussion revolves around whether the 500,000 THB proof of funds for the Thai Digital Nomad Visa (DTV) can be presented in the form of liquid assets such as index funds or mutual funds, or if it needs to be in a traditional bank account. Most commenters assert that the funds must be in an accessible bank account, emphasizing the importance of having funds ready for emergencies in Thailand. Some express frustration with the rules, while others provide advice about keeping cash liquid versus investing. The conversation also touches on related visa categories and how financial proof is assessed by Thai authorities.
DTV VISA RESOURCES / SERVICES
Eric *******
At this point I just read comments for the lols.
Jo **********
need to banky cashy
Sahil ********
ORIGINAL POSTER
Hmm, i'll just wait for my upcoming payment to come in and hold it in the bank instead of moving it to my funds like I usually do.

But yeah, if people can borrow money and show it in the bank account that defeats it's purpose.
Goel ********
@Sahil *******
same question i had.

If i break FD and deposit in mu savings account and get the statement will it work?

Later i can invest in stocks or mf

Let me know if you got some update on this
Robert **********
cant you just borrow the money and use the bank statememnt for the application? I did this and they didnt ask for any more documentation, only my last payslip so crossing my fingers it goes through. I also uploaded my portfolio as proof of extra funds
Colin *******
@Robert *********
Robert, immigration have your card marked šŸ¤£šŸ¤£
Robert **********
wouldnt be surprised if some fucker in here reports it šŸ˜†
Sahil ********
ORIGINAL POSTER
Also, I read that funds should not be transferred in one go, I don't understand why someone would constantly keep 1000k in the bank and not invest it in liquid assets... But I also read fixed term deposits are ok, these Index funds or fixed term deposits can be broken anytime, takes a few hours ..
Rob *********
@Sahil *******
Jon is wrong you can put it in a savings account that has instant access, and still pays some interest. My online bank pays 4.5%.
Rob *********
@Jon *********
I did not Sai I canā€™t show it dumbF. I said it isnā€™t required for the wealthy pensioner visa. You canā€™t read?
Rob *********
@Jon *********
you certainly donā€™t know anything about wealthy people, never will. Sad to never succeed in life, but there are consequences for being rude and useless like you.
Jon **********
@Rob ********
good do some quick investments are make $15k easily rather than troll me
Rob *********
@Jon *********
you are doing all the trolling here. I own 17 rental homes, plus a university pension. I make half a million a year without working. You will always be a loser
Neil ******
@Rob ********
you cannot show property asset value to the Thai government as financial proof. They wonā€™t use it. They want to see funds that are liquid. You canā€™t use 401k or IRA balances. Sometimes non-qualified accounts will work, but not always. If itā€™s not in a cash account, you can likely disregard it. I donā€™t disagree with you, but this is how the Thai government is. Iā€™ve been living here awhile and Iā€™m a high earner like you so Iā€™ve been through the bureaucracy many times.
Rob *********
@Neil *****
I am not doing dtv I am doing wealthy pensioner visa. And I always have around 30k usd in cash anyways.
Neil ******
@Rob ********
I wasnā€™t talking about you specifically. I meant ā€œyouā€ in the global terminology. But, the same also applies for LTR. They donā€™t care if you have 100 million in RE. They wonā€™t count it.
Rob *********
@Neil *****
the wealthy pensioner visa requires over a million in assets, and $80k in passive income. Those can come from real estate, per everything Iā€™ve read. I am living in Taiwan at the moment, my 5 year old son speaks both mandarin and English, and Taiwan is actually very nice, they donā€™t tax worldwide income, and unlike Thailand, you can get 90 day visas forever here. Though border runs do require flying somewhere, I love Okinawa anyways, and can find flights for $150. But my wife doesnā€™t like the education system here for my son as he goes into higher grades, so we are considering Thailand, Malaysia, or Italy. We will fly to Bangkok in September, on to Italy for three months, to look at the smaller towns weā€™d have to live in to qualify for the 7% tax regime, then back to Thailand in December. Fortunately with the new 2 month visa on arrival plus 30 day extension, we can spend 3 months in Thailand as well, to compare different places to live, and visit international schools. Iā€™ve lived in Bangkok, Phuket and Chiangmai in the past.
Neil ******
@Rob ********
youā€™re confused. Wealthy pensioner does not have a net worth requirement. Wealthy global citizen has the net worth requirement. Both require an investment into Thailand.
Rob *********
@Neil *****
doesnā€™t make much difference to me, since I easily meet all of them. Wealthy pensioner does not seem to require investment in Thailand, though it does require insurance.
Neil ******
@Rob ********
it does. $250k investment. Wealthy Global citizen is $500k.
Rob *********
@Neil *****
wrong. Thatā€™s only if you donā€™t have the $80k income. Then you can prove $40k income and a $250k investment.
Rob *********
@Neil *****
they count it towards the 1 million in assets, and the rental income counts towards the $80k yearly needed. Maybe double that for my wife too.
Neil ******
@Rob ********
have you ever received an LTR visa using RE as proof of net worth? BOI did not accept that for a number of people who applied and even stated in a video that it needed to be liquid funds.
Neil ******
@Rob ********
no it isnā€™t. It started in April 2022. Thereā€™s already a number of people on it.
Rob *********
@Jon *********
it isnā€™t a requirement for us wealthy pensioners. Just show a couple million in assets and
*****
usd a year in income, well twice that for me and my wife, but since I make far more, no problem. But keep being rude to everyone with a question.
Neil ******
@Sahil *******
because 500k ($14k) is not a lot of money.
Sahil ********
ORIGINAL POSTER
that becomes $56k with a spouse and two children, right?
Rob *********
@Jon *********
well oddly enough, the requirements for the 10 year wealthy pensioner visa donā€™t seem to say I need a loser like you to approve.
Sahil ********
ORIGINAL POSTER
For me no need, but for the sake of common sense
Rob *********
@Jon *********
maybe I donā€™t care about your stupid rude opinion of whether or not Thailand is for me.
Jon **********
@Sahil *******
itā€™s called an emergency fund, common sense from Thai government. If you need emergency treatment in Thailand try telling the hospital about your liquid assets and investments.
Sahil ********
ORIGINAL POSTER
@Jon *********
Maybe you aint heard about this rectangular thing called a credit card.
Jon **********
@Sahil *******
maybe they can change the rules for you 5555
Rob *********
@Jon *********
your point that it is to handle emergencies or medical is moronic. Anybody who isnā€™t a total loser has far more credit available than that. Do you have a point here other than showing what a rude putz you are? FYI itā€™s less than $14k, which isnā€™t much money, though maybe it is to you.
Rob *********
@Jon *********
I donā€™t keep much cash in the bank, but I can put a couple hundred thousand US dollars on my credit cards today. That would cover a heck of a lot of treatment in Thailand.
Sahil ********
ORIGINAL POSTER
with spouse it needs to be 1000k?
Thaimer ******
@Sahil *******
itā€™s called a million
John **********
It needs to be in the bank
Vinn *********
No can not.
Graham ******
Funds with instant access is the norm
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