ask
Search
Ask
Answereda year ago

Is a high-yield savings account acceptable as proof of funds for the DTV Soft Power visa application?

A. ************
asked Jul 9, 2025
747
views
3
replies
0
likes
I'm planning on applying for a DTV Soft Power visa through the Los Angeles consulate and had a question about proof of funds. The account I keep $17k+ in that I would provide statements for proof is a high yield online savings account administered by Goldman Sachs. Its not an investment account, its just a savings account and any transfer requests to my checking are done within 24 hours. Has anyone had any issues with that type of account being used as proof of funds.

My checking account statements show ending monthly balances of about $8k-$9k. Would including statements from that and explaining that I keep most cash in the savings and can have access within 24 hours to the savings if the need should arise?
Answer summary
The user is inquiring about using a high-yield savings account from Goldman Sachs as proof of funds when applying for a DTV Soft Power visa at the Los Angeles consulate. They have approximately $17,000 in that account and also maintain a checking account with lower balances. Community responses suggest that using the high-yield savings account is generally acceptable, especially when applying from the U.S. due to familiarity with such institutions. Sharing statements from both accounts and providing a clear explanation in the cover letter may strengthen the application.
3 repliesnewest first
4

Click comment and we will ask for your email, then OTP, then name.

Emma ******
Emma ******
I had to apply through Washington, DC and only used statements from my HYSavings account. I was never asked for additional documents.
Mark *******
Mark *******
Marcus account should work.
Anonymous ******************
Anonymous ******************
Think you’ll be ok if you’re applying from US as they will be familiar with the banks and setup. It’s sometimes more tricky applying in Asia where they are not familiar with the institutions.

I applied in Hanoi and had the 500k+ in savings account for more than 6 months. I provided 6 months of those savings statements and 6 months of my checking account statements which had no significant balance and wrote about my financial situation in my cover letter. This is the post about my application:
************************************************************


When are you expecting to apply?

You can either transfer the rest of the 500k now to your checking account and explain why it wasn’t seasoned for 3 months (that you had it in savings account and add 3-6m of both statements). Or do as you said, and keep the money as it is and provide all statements for 3-6m and write about your situation clearly and simply in your cover letter.

Search at the top of the group for keywords around LA applications as there have been loads of posts recently from people applying there. You could also comment on their posts to ask them directly what financial set up they were approved with.

Good luck!

Activity

4 joined
A. ************
A. ************
A. ************
A. ************
4
people
Destination Thailand Visa (DTV)
...members
Member 1
Member 2
Member 3
Member 4

Related

25
What are the proof of funds requirements for applying for an Education Visa (ED Visa) in Thailand?
7512d
Do crypto funds count for visa applications in Thailand, and is cash in Revolut acceptable?
3.8k42202mo
What are the financial requirements for applying for a Muay Thai DTV visa in Laos?
437333mo
Do I need to mention family support in my visa cover letter?
1.1k1144mo
Why was my DTV visa application denied despite strong documentation as an Airbnb host?
2k2275mo
Can I use a savings account as proof of funds for a DTV bank account in Thailand?
832685mo
What documentation is required for proof of funds when applying for a DTV visa in Thailand?
4.9k71415mo
What are the chances of being approved for a DTV when applying from Singapore as a freelance digital marketer?
669625mo
How can I apply for a retirement visa in Thailand without a permanent address?
2.4k18259mo
What financial proof is required for the DTV visa application regarding bank balances?
3.4k6610mo
Is it acceptable to keep the required 500,000 THB for a DTV visa in a USD savings account with little activity?
759441y
What are the bank balance requirements for the DTV visa application in Thailand?
2.7k621y
What should I do after my dtv visa application was rejected by the Norwegian embassy?
7.2k65621y
What type of proof of recurring income is acceptable for a Thai visa application?
935651y
Can I use a Wise bank statement as proof of funds for the DTV visa application in Vietnam?
47511y
Can I apply for a DTV visa at the Chicago consulate with only 2 months of bank statements, as long as I meet the $16,000 minimum?
657341y
Can I use two different bank accounts as proof of funds for a Thai DTV visa application?
724321y
What type of financial documents does the Thai embassy accept for a visa application?
2.2k9131y
Do I need to provide a detailed bank statement for the DTV Soft Power visa application in Hanoi?
3k22122y
Should I apply for a dependent visa or a soft power medical visa for Thailand?
692332y
What documents are required for obtaining a DTV visa through the Warsaw embassy for remote work in Thailand?
2.7k18172y
What documents do I need to apply for a 60+30 day visa in Laos after finishing my contract in Thailand?
2.5k17253y
What can I do if I can't provide an employer's letter for my METV application?
1.3k9104y
What is the process to obtain a proof of income from TMB in Thailand?
38217y
Can I apply for Long Stay O-A visas in Australia using an Australian bank account and claim my wife as a dependant?
1k598y

Resources

Need help with your DTV visa?