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Do I need to move my funds from a money market mutual fund to cash before applying for a DTV?

DTV Visa application Bank statements Brokerage accounts Financial requirements for visa Thailand immigration rules

Dec 25, 2024

a year ago

Douglas *******

ORIGINAL POSTER

I have a joint owned brokerage account with my wife linked to my checking account with Charles Schwab. I have $50000 in the brokerage account and all the money is in their money market mutual fund SWVXX which is an interest bearing cash account that can be converted to cash in 24 hours. If I allot for a DTV - will I need to move the mutual fund to cash at least 90 days before applying?  Or can I move it to cash and then apply?  Or does it matter?  In any event the account has been over $50k for a year or more.

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TLDR : Answer Summary

When applying for a DTV (Designated Temporary Visa), it's generally not required to move funds from a brokerage account, such as a money market mutual fund, to cash beforehand. Several users shared their experiences, indicating that some embassies may ask for recent bank statements showing cash in checking or savings accounts, while others reported being approved using brokerage accounts directly. It seems that as long as the account has maintained a balance over the required amount for a sufficient period, it should suffice for the application.

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Aj **********

I was approved using a brokerage account using NYC consulate. No need to move it into cash for the sole purpose of getting the DTV

a year ago

J.P. *********

There are mixed responses for this depending on which embassy. Although the requirement is supposed to be just the present balance, there are cases where people are asked to provide further documents including 3 months of savings or checking account statements.

a year ago

Sam ********

Yes, Robert is right. I asked if I could use a brokerage statement for application and they told me no it has to be cash in a checking or savings account. A single page bank print out showing current balance was sufficient to get approved. I simply transferred the minimum requirement for my brokerage account printed out my statement on that day, and submitted application. I did create a PDF showing both statements just in case. But that should not be relevant for approval.

a year ago

Aj **********

@Sam *******

I was approved thru NYC with a brokerage account. I just submitted it, didn’t ask them first. Was approved no questions asked

a year ago

David ***********

@Sam *******

which embassy/consulate did you apply through?

a year ago

Sam ********

@David **********

Washington dc. Im currently in US

a year ago

Reply to

Sam ********

Robert ***********

You are in the US. Move it and apply. They have not required seasoning of the money in the US. Put it in an account and ask the bank for a statement or print out a page with your name, date, bank name and balance from the bank. Make sure it's only in your name. Good luck

a year ago

Douglas *******

ORIGINAL POSTER

I could put $50k in my checking account

a year ago

Douglas *******

ORIGINAL POSTER

@Robert **********

it can’t be a joint account? All my accounts are joint with my wife.

a year ago

John **********

@Douglas ******

it will probably depend on the embassy but in Thailand they usually want double the money in a joint account, if they allow them at all. Just like with an embassy it's immigration office dependent

a year ago

Robert ***********

@Douglas ******

Move it in and move it back out

a year ago

Robert ***********

@Douglas ******

i have a fried who filed through DC and they wanted it in his name only. Just my experience.

a year ago

마리오 ***

@Douglas ******

I was approved through the LA consulate using a joint savings account back when they first started accepting DTV applications.