Answered5 months ago
Is Wise balance accepted for DTV visa bank statements equivalent to 500k THB?
For DTV, do they accept Wise balance for bank statements of usd equivalent to 500k baht?
Answer summary
The acceptance of Wise balance for the DTV visa application, specifically for bank statements showing the USD equivalent of 500,000 THB, varies by embassy. While many users report that Wise is accepted in some embassies like those in Los Angeles, Jakarta, and Vietnam, others caution that it is not universally recognized due to Wise being classified as a financial app rather than a traditional bank. It is recommended to check with the specific embassy as practices can differ. Additionally, multiple sources of funds can sometimes be combined in applications.
39 repliesnewest first
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Matthias ************
Never put more than $1k on a wise account or you’ll eventually FAFO.
Anonymous *************
OP@Matthias ***********
I'm having 10k + amount more than 3 years in my wise, never face any issuesMatthias ************
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*****
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I could go on and on and on, you do you.
FAFO.
Anonymous *************
OP@Matthias ***********
promise me you are not a competitor of wise?
Gias****
Yes
I did in Los Angeles
No problems at all
I did in Los Angeles
No problems at all
Sefton ********
Location dependant.
UK did
UK did
CopperGol*********
You know the answer, I cannot say any words to comfort and confirm you that Wise is also safe and accepted as Regular bank statements. If you doubt and hesitate, so just don't submitted Wise.
Chris *********
🥱
Tarem *****
wow you dare to put 500k in wise good luck
Andi ***********
Wise is accepted for the DTV depending on the embassy.
Anonymous *************
OP@Andi **********
Could you confirm which embassy in Asia allows Wise? Also, for the amount, can I show split sources, like half from Wise and the rest from my local bank?Andi ***********
Anonymous participant Multiple accounts can be used. Laos, Vietnam, Indonesia approve with Wise. Other embassies most likely too, you can check the threads
Mizanur ********
It depends on the Embassy. Jakarta accepted my wise statement.
Anonymous *************
OP@Mizanur *******
really! All are saying they dont accept wise expect you 🥹Andi ***********
Wise is accepted by many embassies. Where are you applying? You can find a lot of posts of approvals using Wise.
Andi ***********
@James *******
🤔, well hopefully they stop the sidestep..
James ********
@Andi **********
for some reason or another the OP is side stepping questions about his passport nation and where he is now.Seeking the answer and not giving us the information needed for a correct answer.
James ********
Anonymous participant how about you answer the questions ?
What is your passport nation?
Where are you now?
For what purpose for the DTV visa will you be applying for?
Workcation or Soft Power Activity?
What is your passport nation?
Where are you now?
For what purpose for the DTV visa will you be applying for?
Workcation or Soft Power Activity?
Andi ***********
Anonymous participant You can use multiple accounts to show the 500k THB. I know Vietnam, Jakarta, Laos, have approved using Wise. You could search the threads to find more.
Anonymous *************
OP@Andi **********
That will be really helpful if an embassy approves a Wise statement. Could you confirm which embassy allows Wise statements so I can fly there to apply?Also, can I show multiple places, like half with my local bank and half with wise?
Andrew ********
No wise isnt a bank its a financial app that does wire transfers thats it. From my use i have never seen where I can download statements either, thats what you need with the application
Mitchell **********
@Andrew *******
you can download a statement 100%Andrew ********
@Mitchell *********
ah well wise isnt a bank its legally a technology company. Haven't seen anyone use wise to prove funds personally I wouldnt keep money in wise like that esp with new updates in thailand regarding ATM withdrawsMitchell **********
@Andrew *******
pretty sure they hold a financial licence in Australia. Although they may not be a bricks and mortar operation they are still a regulated financial institution with the same deposit guarantees in place with Australia.
Jos *******
@Andrew *******
wise has statements, you do have bank account details from it and does wire transfers(depending on the country/transaction).
Asso ******
@Andrew *******
Wise might not "legally" be a bank but you (can) have a bank account with an IBAN account number there (I have 3 for different currencies) and also CAN download statements of these accounts. Whether embassies accept these statements or not, is a different story, and might also depend on a specific embassy/official, as many things in Thailand...
David ********
@Andrew *******
You can get statements from Wise from the website version. pretty sure the app has it too.Anonymous *************
OP@Andrew *******
thanks, one more question like you have to have 500k baht in your account for 6 months or last balance have to be that,.Like if i had less in 3 months ago anf when I'm applying my end balace is 500k will it work??
Andi ***********
Anonymous participant It depends where you apply. Malaysia requires 6mths of 500k. Other embassies such as Vietnam approve with funds seasoned under 3mths.
Andrew ********
No - wise isnt a bank account
Andi ***********
@Andrew *******
It is not a bank but it is accepted for the DTV and other Thai visas. A lot of people have posted approvals using Wise.
Unforgettabl*************
@Andi **********
I believe it’s Embassy specific as some have been nitpicked over Wise being Fintech and not an actual financial institution.Andi ***********
@Andrew *******
It can be used for income verification and the required 500K THB deposit.Andrew ********
@Andi **********
for income verification with DTV the savings requirement? I use it for conversion to pay bills thats about itAndi ***********
@Andrew *******
They probably are being extra careful as they want you to be successful but Wise is widely accepted in SE Asia and several European countries.Andrew ********
@Andi **********
ok ill look out for that seeing as a few schools i inquired DTV with specifically mentioned not using wise for funds verificationAndi ***********
@Andrew *******
Approvals have been made in Vietnam with Wise, there are posts from such applicants. Laos, Jakarta, London too.Andrew ********
@Andi **********
well I know the US embassy wont and Ha noi VietnamAndi ***********
UnforgettableRambutan8343 Yes, it depends on the embassy.
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