Do I need a Thai bank account with THB 500,000 to apply for the Digital Nomad Visa (DTV)?

I applied in London and they accepted a statement showing a balance on 1 day only. Other embassies may have different rules.

Please show me where it says Thai bank account. I have serious reservations about the quality of DTV visa holders Thailand is getting.

Mine was Australian bank statements equivalent to 500,000b - keep in mind they could use a slightly lower exchange rate (e.g now it’s 22.5b = $1aud - they calculated at 20.5b in Taipei)

It doesn’t need to be in a Thai bank, mine was the equivalent gbp in my uk account and I just needed to show a statement with the balance

Hi

@Trev ********

Doesn’t need to be in a Thai bank account.

Which embassy are you looking at for the DTV?

No one is asking for the money to be in a Thai account. Where did you read this 🤣🤣

Reconsider if a Thai bankaccount is need-to-have or nice-to-have.

Banks in Thailand are like everywhere in the world, interested in having good stable custormers, that have a permanent address, a steady easy traceable income, and use the account all year round.

That is why the banks are reluctant to give accounts to people on short time ( read: tourist ) visas, and who only spend part of the year in Thailand.

Don’t expect to get a residence certificat, until you have stayed at a permanent adress in at least 3 month, since that is what the residence certificat should confirm.

Furthermore the added attention on whitewashing of money, is an added burden on the banks, so even depositing large amounts isn’t a guaranteed way to open an account.

The value of a resident certificat, had gone down, since Immigration Officers are giving them to people that are not on a longterm visa, or have stayed severel months at 1 adress in Thailand, so even if it is a formal requirement, the bank make up their own assesment of the stability of the want-to-be customer.

9-thailand-to-implement-stringent-compliance-regulations-for-new-bank-accounts?

Doesn’t have to be a Thai Bank account. Can be any foreign account with funds equating to 500k baht best have a little more incase of currency fluctuations

Needs to be a personal savings account under your name. Cannot be a Company Bank Account or crypto holdings or stocks/bonds portfolio. Straight cash in a personal savings account

Welcome to Thailand. As the (broken) rules are enforced people will find life harder and harder. Many of us use agents to help with banks.