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Answered6 years ago

Is a savings account with restricted access acceptable for a Thai Medium Term Tourist visa?

Michael *********
asked Nov 13, 2020
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Hi,

I would like to know if a savings account (the money cannot be used before retirement) that has the sufficient fund for the last 6 months would be ok for the Medium Term Tourist visa (60 days)?

Thanks
Answer summary
The discussion focuses on whether a savings account that cannot be accessed until retirement qualifies for the financial documentation required for a Medium Term Tourist visa in Thailand. While some commenters suggest that such accounts may not be accepted, others point out that it's essential to provide six months of statement for any financial account, emphasizing that the account needs to be readily accessible. Personal experiences with various consulates indicate differing policies, with many stating that only accounts where funds are immediately available (like checking accounts) are typically accepted for visa applications.
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เอ็ดเวิร์ด *******
เอ็ดเวิร์ด *******
I used Schwab bank and I had two accounts One with checking and one with saving and combine that also with money I had in a checking account with PNC bank. I asked the agent if this was a problem and she didn’t miss a beat and said no problem. I really do believe they’re trying to make it work for you, just don’t do anything sneaky
Mikel *********
Mikel *********
Rob ******
Rob ******
Still got december and Jan . Feb will have free money IF you arrive in Thailand .
Rob ******
Rob ******
Its only this months rulings
Paul ********
Paul ********
I have a Bangkok bank account and asked this question and the answer was I could not use these type of accounts for this
Tom *******
Tom *******
I’ve never understood the insanity of the Thai financial requirement for long-term visas. The only mode that they acccept is money in THB in a Thai bank account, or if you want a retirement visa extension, regular amounts coming from your home country. If this really was about your assets and your ability to fund and finance yourself while living in Thailand for that particular year, why do they always seem so inflexible? For example I own property in Thailand, a few condos, but they don’t count at all? Why not? If you’re really talking about ability to finance yourself, ALL your assets should be counted or eligible for visa purposes. I also have a lot of money in my UK accounts. Not counted. Likewise, I’ve a lot invested in cryptocurrencies. Again not eligible even though I can prove it, and even though those cryptocurrencies are held on a Thailand-based crypto exchange. I also have a significant amount of precious metals. Counted? Of course not. Yet again, as I’m married to a Thai lady, and my visa extension is a Non-O by marriage, why are none of my wife’s assets counted? At first I used to think it was just laziness and we all know how lazy IO officers are! It’s probably just too much work for them to create a form where you can identify all your assets by ticking boxes and providing documentary proof. But I soon realized that it’s a lot more nefarious than that. They want to directly benefit by your assets and so, for me, it has nothing at all whatsoever to do with your ability to finance yourself. That’s already a given in 99% of the cases otherwise you wouldn’t set up shop in Thailand and retire in the country. No, it’s all just one big greedy shakedown.
Andrew *********
Andrew *********
@Tom ******
Logic has nothing to do with anything, it is still a feudal society and any petty official who has a modicum of power exercises it fully especially over farang which most of them resent,except for a few exceptions .They earn very little in comparison and it is their 5 minutes if fane, just give a security guard a whistle and see the change!
Tom *******
Tom *******
@Andrew ********
I totally agree that it’s exactly the right description—feudalism. If you ever watch any of the old period dramas on Thai TV, will you the lord of the manor and all the servants who spend their days filling and emptying these big large clay urns and kissing the asses of all the poo yais. You will also see that that is represented as Thailand in the past, but actually it has changed very little. Those sarongs and loin cloths have simply been replaced by suits and brand-name clothes along with iPads and so on, but the mentality is still stuck in those period dramas.
Andrew *********
Andrew *********
@Tom ******
Democracy in name only, the vested interests of the Bangkok elite who are pro monarchy not necessarily because they believe in it, just to maintain the status quo and with the tacit support of the military.The fact that the yellow shirts were allowed to take over and close BKK airport unhindered says it all.
Oliver *************
Oliver *************
@Tom ******
Really I can explain it
Tom *******
Tom *******
Oliver Roy Sparks please do...
Gene **********
Gene **********
I feel for all of you! I’m just a tourist and will

Just wait

But this is mind boggling!

🙄🙄🙄🙄🙄
Rudolph ***********
Rudolph ***********
@Gene *********
same here. The Waiting Game..🤔
Andy ********
Andy ********
@Gene *********
it is very simple. Thailand has immigration rules which we should know before we choose to live or holiday in Thailand. If those rules do not suit our sensibilities then we should choose to live or holiday in a country that does.

It is that simple.
Rob **********
Rob **********
@Andy *******
how true mate👍👍
Oliver *************
Oliver *************
I Will Be Mailing them the Past Six Months Of My Pensions Funds at Some Point as Well to see if its Acceptable Only RTE Will tell me For Sure Before it Take Money Out And Over 55 Now Can Access the Funds Lets See if this Works Best of Luck to us all Money is Money
Garrett ***********
Garrett ***********
So before people in here jump on you, its called a single entry tourist visa, or a standard tourist visa. The alternative is a "Special Tourist visa" and best I can tell, doesn't really exist yet.

Yes, any account including brokerage accounts can be used to show and meet the financial requirements for the SETV.
Michael *********
Michael *********
OP
David Broadfoot indeed. In Bern, I can use a financial guarantor that has money equivalent to a million baht for the financial statement requirement for this SETV, but not sure if that is true for other countries’ embassy.
Tom *******
Tom *******
@Garrett **********
A quick question if I may, sir. I have to do the one-year extension by marriage again before January 3, 2021. I understand that you can do this at ChaengWattana up to 45 days before, is that right? As my wife needs to attend the interview when we hand over the documents, show ID card, house photos etc. etc. this will be a problem for me as my wife will be working at her school until December 18. This means the earliest she could go would be Monday, December 21. That only leaves two weeks to start the renewal process which I think is probably not long enough. Do you think it would be possible for me alone to start the process say a month before, say on December 3, and then my wife could come for the interview on the 21st or thereafter? Do you think this would be permissible? I appreciate all your advice as always.
Garrett ***********
Garrett ***********
@T**
Absolutely, she only needs to be there for the interview. And yes, Bangkok allows you to do yearly extensions 45 days before they expire.
Tom *******
Tom *******
@Garrett **********
thanks a million mate. That’s good news. I hardly keep any cash in my Thai accounts now because of the crap interest rates and because like many other banks around the world, 2008 is going to be here again very soon with major banks going under, so I don’t see the point in risking my money unless I absolutely have to. Do you happen to know if I make the application for another one year extension, one month before, say around December 3, would the 400,000 THB already need to have been in my account at that time, and for 2 months, or not until the final day of my one-year extension which is January 3, 2021? I appreciate your advice as always.
Jane ***********
Jane ***********
@Garrett **********
echoing what others have said savings or retirement funds are definitely not accepted as proof by the London Thai Embassy
Michael *********
Michael *********
OP
@Jane **********
fuck that sucks. Thanks for the Info!
Steve *******
Steve *******
@Garrett **********
Pre covid the RTE London didnt accept investment accounts, only accounts where money is instantly accessible and that was for any visa requiring funds, not sure if things have changed since then. Previously there was no financial requirement for a single entry tourist visa.
Garrett ***********
Garrett ***********
@St***
I just saw an email yesterday from an embassy specifically stating brokerage accounts were acceptable. I believe it was the Washington DC embassy, I'll have to look.
Tom *******
Tom *******
@Garrett **********
as I said above in my mini rant, :-) I think they should be a lot more flexible with financial assets and the eligibility for long-term visas in Thailand. If this is true, that a brokerage account can be used as evidence of assets, that is welcome news. I wish they would make a complete and comprehensive list of what doesn’t doesn’t count as an asset for these visas. That would be really really helpful.
Jane ***********
Jane ***********
@Garrett **********
I generally find US friends have, historically, had an easier time with their Thai embassies. The one in London is just a pita, and often completely random in its demands. I once - and only once in 6 years - had my METV application returned because I hadn't printed out my bank statements in color. 🤔
Steven ***************
Steven ***************
@Steve ******
. Australia same. Must be accessible which makes sense seeing its proof required that you can finance the duration of your visit .
Michael *********
Michael *********
OP
@Steve ******
so you’re saying savings account meant to be accessible when retired weren’t accepted ?
Steve *******
Steve *******
@Michael ********
Im not saying it, the RTE London said it. If you're retired and the money is instantly accessible then it should be ok. If it's money you cant access then at least not from London.
Michael *********
Michael *********
OP
@Garrett **********
actually the RTE in Bern Switzerland (my country) is calling it a Medium Term Tourist Visa
Oliver *************
Oliver *************
@Michael ********
Thats What i Want To Call it MTV
Jim ********
Jim ********
@Garrett **********
only accounts that you can access money from so don’t mention that part and just send a statement
Will ************
Will ************
Just get the statements for the savings account for the last 6 months, don't tell them you can't use that money
Michael *********
Michael *********
OP
@Will ***********
yup I guess I could just try it and see what happens
Oliver *************
Oliver *************
@Michael ********
Cannot See Where they Ask For Accessibility Anyway
Michael *********
Michael *********
OP
@Oliver ************
exactly, it’s not stated anywhere.
Claus **************
Claus **************
Nysgerrig
Bill **********
Bill **********
Probably, but suggest you ask the RTE.
Michael *********
Michael *********
OP
@Bill *********
yup I emailed them. I’ll update the post once I have a definitive answer
Oliver *************
Oliver *************
@Michael ********
I would love to know when you get your answer too
Oliver *************
Oliver *************
@Michael ********
Thanks Hope it Goes Well for You
Michael *********
Michael *********
OP
@Oliver ************
I’ll let you know
Bill **********
Bill **********
@Michael ********
email . . ok; or msg via their FB page.
Michael *********
Michael *********
OP
Thats a good idea. Didn’t think about it. Thanks !

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