Answered2 years ago
Do I need to keep 500,000 baht in my bank account after applying for the DTV visa in Thailand?
Like, you can't dip below 500k baht at all later on or is it just for when you first apply for the DTV visa?
Answer summary
There is no requirement to maintain 500,000 baht in your account continuously after the initial application for the DTV visa; however, it must be proven for extensions. For the DTV, you need to show the balance to the immigration office if applying for an extension while in Thailand, which requires the funds to be available for at least the month leading up to the application. If you choose to travel out of Thailand to obtain a new 180-day stamp, you won’t have to show financial proof again for five years. It's wise to keep the funds available for unexpected expenses.
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Lee ***********
If you search this has been asked many times and in the past couple of days
Dany ********
you dont need 500k constantly in your bank. you need it for the initial application and in case you extend inside thailand. if you just border run then you dont need to show the financial proof again for 5 years… obviously the process would start again after 5 years with a new application and the money again in your bank.
Patrick **********
OPok thank you for the info
Henrik *****
It is in your own interest to keep the money in the bank at all times.
In case of a unexpected expenses like accident or illness, you will need the money to pay for hospital etc.
no money = no treatment,
and the Thai authorities know you had the money to pay everything by yourself, when you entered Thailand, so no help from them.
Previous there have been problems with foreigners not able to pay for themselves, so the deposited money is the guarenty that not happend with those on DTV.
That’s also the reason why, the money have to be readily available, and not in stocks, E-money etc.
In case of a unexpected expenses like accident or illness, you will need the money to pay for hospital etc.
no money = no treatment,
and the Thai authorities know you had the money to pay everything by yourself, when you entered Thailand, so no help from them.
Previous there have been problems with foreigners not able to pay for themselves, so the deposited money is the guarenty that not happend with those on DTV.
That’s also the reason why, the money have to be readily available, and not in stocks, E-money etc.
Patrick **********
OP@Henrik ****
I understand it’s important to keep liquid cash as opposed to stocks/crypto etc, but what I meant was is it typical for expats on DTV to constantly maintain that 500k baht balance at all times? Or, if they dip into that fund to then build it back up to 500k baht?Henrik *****
Expats won’t be on DTV, they will be on a longterm visa, not a touristvisa.
And they have deposited 400.000 - 800.000 Baht.
And they have deposited 400.000 - 800.000 Baht.
Henrik *****
Look at a Thai Embassy website, and you will se additional visatypes.
Patrick **********
OP@Henrik ****
unfortunately some people are not in a position to qualify for the LTR visa and will have to make do with the DTV or alternative visa insteadHenrik *****
You don’t have the same rights as a tourist ( DTV ) as a longterm visa holder.
Bankaccounts ie.
Bankaccounts ie.
Patrick **********
OP@Henrik ****
but it’s for 5 years, pretty long time, no? Also can apply for a new DTV at the end of 5 yearsTod *********
@Patrick *********
You need to dial your terminology in a bit You aren't "renewing" the DTV 😮 Visas run out when they run out, they can't be renewed.
That visa is for 5 years, unlimited entry and each entry gets 180 day entry stamp, when that stamp runs down you have two choices
Choice 1 - you bounce out/back to get a NEW 180 day entry stamp (this does not require anything but your passport and the PDF print out of the DTV)
Choice 2 - you go to the immigration office and apply for a 180 day "extension of stay" inside the country for 1900baht. For that you show proof you have the 500K baht or the equivalent in a bank account for 30 days before you apply for the extension AND you need all the documentation you used to get the DTV <- as in proof you're still doing what ever it is you said you would do when you applied for the visa (soft power category) and proof you did a 90 day report, are registered in the TM30 system showing you live in the area serviced by the immigration office you're using
Most people choose choice 1 😉
Davide *********
@Tod ********
so basically they don’t usually check the 500k THB balance even if you enter back in Thailand from a neighboring country right? For example, if I come back from Laos or Cambodia will they just extend me 180 days without asking me to show proof of balance? Thanks for the insight 🙏Tod *********
I think you got your terminoligy mixed up
They are not going to "extend" your entry stamp by exiting/re-enter 🙁
When you leave the country you get stamped OUT on the stamp you were here on
and
when you re-enter you get stamped IN on a completely NEW 180 day entry stamp.
They are new stamps every time you enter
There is no proof of fund requirement to get IN to the country on a DTV, you show your passport and the PDF print out of the DTV
They are not going to "extend" your entry stamp by exiting/re-enter 🙁
When you leave the country you get stamped OUT on the stamp you were here on
and
when you re-enter you get stamped IN on a completely NEW 180 day entry stamp.
They are new stamps every time you enter
There is no proof of fund requirement to get IN to the country on a DTV, you show your passport and the PDF print out of the DTV
Patrick **********
OP@Tod ********
thank you for the detailed response! What I don’t get, though, is why would they expect you to have 500k baht in your bank account at all times and never touch it? I thought it was just to serve as proof you can support yourself as you get set up initially?Also, by renewal I was thinking more like you get to the end of your 5 years and decide to get a new DTV visa. Is this not renewing your visa? Like here in China, I renew my work visa each year as I renew my contract at the same company. I guess if you want to be real technical about it I’d be applying to extend the work visa by another year.
Anyways, choice 2 seems really cumbersome. Choice 1 they don’t need to check your bank account again, right? Do people on the DTV never tap into this 500k baht reserve, or do they just make sure they have 500k in baht ready by the end of the 5 years in Thailand?
E: also for the 180 day entry stamp run, do people in Chiang Mai just fly over to Laos and back to get it done? Not sure where the popular route is.
Patrick **********
OP@Tod ********
okay that's fair, thank you. I’m finishing up a portfolio program at the moment so I’ll need to save the money back up anyways in the meanwhile. I’ll take the time to review the requirements carefully and get all my ducks in a row before then, hopefully by the end of this year.Patrick **********
OP@Marcin ******
I think it’s free as long as you can pay for the transportation in and out of the country, right?
Marcin *******
@Tod ********
how much is Cost for new 180 days stamp ?Tod *********
@Patrick *********
most people just bounce out/back to get a new 180 day stamp, it's the easiest and most problem free good luck with your DTV endeavors, take care
Tod *********
@Patrick *********
you're not expected to have it in your account at all times, you want to bounce out and back and get a new free entry stamp knock yourself out and you don't need proof of funds, or proof you're still doing what ever you signed up for the DTV for, just exit/re-enter showing the DTV and passport when you come back in to get a brand new 180 day entry stamp
BUT
if you want the extension those are the terms, you need to have the 500K in the account for 30 days before you apply for the extension and meet all the requirements you showed to get the visa as well as the residency requirements (90 day report, TM30, lease, etc) too.
That it appears cumbersome to you, doesn't factor into the equation, no one is making you take the extension on an entry stamp.
Anna *********
@Tod ********
I so love your patience and balanced responses 😃
Wannikea *********
When re-entering the country to get a new 180 day stamp they won't be checking the balance, when getting an in country extension they will want to see a current balance of 500k for at least a month.
Greg ********
If yiu are talking about extending at immigration office in Thailand someone mentioned they wanted to see 500k in the account for a month. If that is correct then you can go below before that. It is not like the O Retirement where 800k for renewal of the extension and no going below 400k or whatever it is
Bob **********
You say re new you mean in 5 years
Patrick **********
OP@Bob *********
yeah I was thinking in 5 years’ time. Sorry, I wasn’t being clear earlier. I’m also not super familiar with how Thailand’s immigration system works with entry stamp runs. I think you just leave across the border and come back and they give you a new stamp, that’s literally just it.Bob **********
Heath ********
@Bob *********
I think he means when you extend it.Bob **********
@Heath *******
yes I knew that extension I heard you need the same as when you applied just bounceActivity
12 joined12
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