Hi, my proof of funds is in a 'Gold Account' at my bank. The statement shows the total value in Turkish Lira, covering the 500,000 THB requirement. Is this acceptable, or do I need to convert it to cash before applying?
Summary so far
The user inquired whether funds in a 'Gold Account' at their bank, shown in Turkish Lira, would meet the 500,000 THB requirement for a Thai visa. Comments indicate that while gold may be liquid, it generally doesn't satisfy visa proof of funds unless it is cash in a current account. Several contributors urged the user to ensure that funds are in a readily accessible account, rather than in a gold-based format.
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If the gold account is a savings account based on a gold holding, it 'shouldnt' qualify but ultimately its up to each embassy. It would not surprise me to discover a middle eastern embassy considers gold as currency but its not really the rule which is fiat cash in a bank account.
Your banks marketing of its accounts is not relevant. ("Gold account"). The key question to ask yourself is have you had the equivalent of 500k thb in a current account for 3+ months .
Yes. Even crypto is seldom accepted, even though it is technically liquid. It generally needs to be in cash bank account because it needs to be easily used to live off if needed.
Some gold is. I was the angel investor in a company that makes gold into a current account, with a debit card that spend gold same as fiat currency etc etc.
AHH they mean Gold as in the 🪙 metal?? 😊 ..I thought the Gold Account with Santander Bank. I used that to get my DTV, it is the name of the personal account. No, can not use the value of gold for the 500k.