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Do I need to show 500,000 THB in savings for the Thailand Digital Nomad Visa, or can I show higher annual income instead?

DTV VisaThailand Visa RulesFinancial Requirements for VisaVisa for Digital NomadsThailand ImmigrationSponsorship in Visa ApplicationsProof of FundsBank Statements
Jul 20, 2024
5 months ago
Lopsee **********
ORIGINAL POSTER
DTV: 500,000 tbh requirement. Is it only savings or can show financially make more than that per year? Short on savings so asking.
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TLDR : Answer Summary
This thread discusses the financial requirements for obtaining a Digital Nomad Visa (DTV) in Thailand, particularly whether the 500,000 THB requirement must come from savings or can include proof of income. Participants share insights on acceptable proof of financial stability, indicating that the amount can be shown in a bank statement or potentially through life insurance. There are discussions on whether borrowing funds temporarily to show sufficient bank balance is permissible, along with references to requirements from specific embassies, such as the Hong Kong embassy. Furthermore, the conversation touches upon the importance of showing financial evidence to avoid being viewed as a financial burden on the country.
DTV VISA RESOURCES / SERVICES
Jimmy *********
Who would bother with all that now?
5 months ago
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Andy **********
It's about proof that you can support yourself. Showing current income is no proof you can support yourself next week. It's the same principle as for short term visitors who might be asked for proof of funds.
5 months ago
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Lopsee **********
ORIGINAL POSTER
@Andy *********
 okay? I wasn't asking WHY.

Let me rephrase the question...if I have the amount in the checking account will that be okay? Instead of savings?still shows have the funds
5 months ago
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Andy **********
"Checking Account" is a Yankee version of a Current Account. Thailand only cares what money you have to hand, not where that money sits. Your original posting implied you have no financial assets to hand, and were trying to get into Thailand based on a future expectation of earnings. Again, the Thai government really want to know that there is no chance of you becoming of becoming destitute when living in their country. They don't want foreign beggers. You want to come to Thailand on the basis you earnt a million quid/whatever, but spaffed it up against a proverbial wall, and have no financial assets to speak of. What will you do in Thailand when you are sacked from your job/business collapses, and you have no reserve to live on? YOu have your knickers in a twist, when you haven't even read what the Thai government says, which is pretty clear:
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"Financial evidence: amount of no less than 500,000 THB, e.g. bank statements, sponsorship letter", Do you have 500,000 BHT? If you don't, forget DTV. Start saving money.
5 months ago
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Lopsee **********
ORIGINAL POSTER
@Andy *********
 and as you have gone off topic...are you implying that if a person doesn't have 500,000 tbh in savings then the person is poor and is a beggars? People do have other investments as well and assets. But good to know the tunnel vision 😆
5 months ago
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Andy **********
@Lopsee *********
 No. The Thais, like most other countries, require financial surity, so that foreigners aren't a financial burden. Shares and property are worth zero until you sell. You can call it tunnel vision but your question was answered if you just bothered to research the Thai government announcements, instead of trying to game a system by being obtuse.
5 months ago
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Lopsee **********
ORIGINAL POSTER
@Andy *********
 like said...it says bank statements...it can mean few things. It was a simple question but the level of frustration seems to be high. Also, you didn't need to answer or simple "no just savings" would have been sufficient. Did the research and did find the requirements and wanted clarity....feel like I have asked something that is unspeakable of...Lol "game a system by being obtuse" dang...you crack up. 🤣 nearly pee-ed myself laughing. Thanks needed that on a gloomy day like today.
5 months ago
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Lopsee **********
ORIGINAL POSTER
@Andy *********
 haha. Other countries use that term as well if you are unfamiliar. Also, said short on savings, didn't say don't have any assets or money. I really don't know where you getting all this extra information from.

Yes, I have read it...it says BANK STATEMENTS...with a checking account you can get bank statements as well.

Frustrated, are we? 😆
5 months ago
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Andy **********
@Lopsee *********
 Not at all frustrated. I'm not the one desperate to get out of the country where they live. Glad you finally found your answer.
5 months ago
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Lopsee **********
ORIGINAL POSTER
@Andy *********
 desperate to move? Lol...you are so damn hilarious 😂
5 months ago
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Lopsee **********
ORIGINAL POSTER
@Andy *********
 ya sadly bad habit. Love moving around countries. Life too short so gotta enjoy as much as possible.
5 months ago
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Ivan *******
@Andy *********
 the purpose behind this new visa regulation was to promote investment and for people to bring in their money, resulting in increased expenditure within Thailand. The economy has not been doing well in the past year, and it needed a boost. This was one way to make foreigners bring in their money and spend it in Thailand. The more the merrier..!!
5 months ago
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Andy **********
@Ivan ******
 There appears to be no requirement to show a balance in a Thai bank account. It's a hope and a prayer that so called digital nomads don't do all their online shopping outside of Thailand. It's going to fail due to bureaucracy, with all these applications citing obscure financial instruments and downright counterfeit financial certification. And that's before the Thai tax authorities want a take, and you get bogged down in taxation treaties, and whether the digital nomad has done business with a Thai entity.
5 months ago
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Andy **********
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Ivan *******
Does anyone have an idea till when the 60 days free tourist visa will be available..??
5 months ago
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Ivan *******
@Jeffrey *********
 i know it started a week ago....ie from 15th July, but my question is, till when will this 60 days visa be available. Is this going to he an ongoing visa scheme, or will then stop issuing this free 60 days visa on arrival after few months..?
5 months ago
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James *********
@Ivan ******
 I haven't read where it's only a short term promotion, so,,,,,,,, it'll be in effect till "they" change it.
5 months ago
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Ivan *******
@James ********
 do i need to show a return flight ticket even for 60 days visa on arrival..??
5 months ago
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James *********
@Ivan ******
 It's not a VOA, but Visa exempt. Your airline might, or might not, require you to have proof of your leaving Thailand within the 60 days as I've heard. I've personally never been asked for that proof but haven't tried to enter Thailand for almost 2 years, and they may be a bit more strict about it now.
5 months ago
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Ivan *******
@James ********
 the airline doesnt require it. The return flight ticket is asked by the thai immigration when you are entering. I have been in and out almost 4-5 times last year, and each time they asked for it at Bangkok airport immigrations. Then it was 15 days visa on arrival..
5 months ago
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Ivan *******
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Marcos *********
I was asked the following by the Hong Kong embassy: "Full bank statement(s) with applicant’s name showing secure/stable liquid financial asset with ‘latest 6-month’ account activity details, in English or with certified English translation:

Each month with amount of no less than 500,000 THB or equivalent."
5 months ago
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Lopsee **********
ORIGINAL POSTER
@Marcos ********
 thanks. Really helpful.
5 months ago
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Marcos *********
@Lopsee *********
 I don't know if the 6 months request is a standard procedure or just because the bank statement I submitted was just above the 500k THB, which I kinda did on purpose, for this second round I'll submit a considerable higher value/statement
5 months ago
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Marcos *********
@Lopsee *********
 you welcome
5 months ago
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Marcos *********
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David ************
@Marcos ********
 you’re a Hong Kong resident?
5 months ago
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Marcos *********
@David ***********
 no because I'm yet to submit the financials
5 months ago
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Marcos *********
@David ***********
 they just asked for the proof of current location (HK landing slip) and the financials. Yes, I applied as digital nomad, I asked my company to write me a document (employment certificate) stating all our contractual agreements and that I'm in fact hired in a remote position.
5 months ago
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David ************
@Marcos ********
 did you hear back on approval yet?
5 months ago
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David ************
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Marcos *********
@David ***********
 yes, they got back to me 2 days after applying, I'm still to submit more documents
5 months ago
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David ************
@Marcos ********
 I’m thinking of doing the same, what more documents did they ask for? Did you apply as digital nomad?
5 months ago
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David ************
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Marcos *********
@David ***********
 No
5 months ago
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Marcos *********
@David ***********
 No
5 months ago
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David ************
@Marcos ********
 you traveled into Hong Kong to do the e visa for the DTV? If so how long did it take
5 months ago
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David ************
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Neil ******
My interpretation is you have to show the equivalent of 550k baht in your own country bank account at time of application. So potentially you could borrow it for a day, print off a bank statement showing it then pay it back
5 months ago
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Max *************
@Neil *****
 Where did you get the number ฿550k from?
5 months ago
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Yoni ****
@Max ************
he is not wrong tough, some countries like France are asking for
*****
€ and that's 600k bahts.
5 months ago
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Max *************
@Yoni ***
 The official amount is ฿500k. That's what we're talking about.
5 months ago
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Yoni ****
@Max ************
it depend of the embassy.
5 months ago
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Yoni ****
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Neil ******
@Max ************
 sorry, misspelt, 500k
5 months ago
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Neil ******
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Brian ********
Save up. Without a decent savings you shouldn't be planning on spending a long time overseas anyhow.
5 months ago
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Chris *******
As i understood can be saving, life insurance or any other proof of money
5 months ago
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Lopsee **********
ORIGINAL POSTER
@Chris ******
 income per year?
5 months ago
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Norbert **********
@Lopsee *********
 No ,a deposit
5 months ago
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Joshua *********
@Lopsee *********
 what about 401k money assuming I don’t work for the company Any more. So technically it’s something no have access too, despite the penalty for early withdraw.
5 months ago
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Todd *********
@Joshua ********
 good question. It’s possible they accept that
5 months ago
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John **********
@Joshua ********
 nope
5 months ago
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John **********
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Milan ********
@Lopsee *********
 proof of 500k in your bank ...
5 months ago
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Lopsee **********
ORIGINAL POSTER
@Milan *******
 so only savings? Not 500,000 in my bank per year?
5 months ago
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James *********
@Lopsee *********
 if you get in a bad accident whilst in Thailand, you probably won't be able to work, right? So they need for you to be able to pay your hospital bills before you leave the hospital. Need proof of being able to care for yourself.
5 months ago
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Lopsee **********
ORIGINAL POSTER
@James ********
 lol husband can work if I can't hahaha 😆 but wasn't asking WHY they want it.

Just wanted to know if just yearly income is enough or not. Maybe has in checking but not 6 months in savings...then does it mean I don't have the proof of not being able to care for myself? 🤔
5 months ago
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Todd *********
@Lopsee *********
 ONLY savings
5 months ago
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Jo **********
@Lopsee *********
 500,000 in your bank
5 months ago
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Bob **********
@Lopsee *********
 no they want it in one lump sum
5 months ago
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Milan ********
@Lopsee *********
 i think proof you actually have 500k
5 months ago
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Milan ********
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John **********
You need to show it in a bank I believe but they also mention sponsor, don't know how that works
5 months ago
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John **********
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