Answered6 months ago
Should I apply for a Thai visa now with 500K THB in multiple accounts or wait 3 months?
Try now or wait 3 months?
Has anyone had the 500K THB but moved the funds around chasing interest rates, applied with multiple statements from multiple banks and had this approved?
I had the funds in an AMEX HYSA for 2 months earlier this year to get a bonus, then moved them for a few weeks to a different account where it sat in a US treasury account for a few weeks and just moved it to a new joint account with my wife.
It sounds like I will be ok as long as I explain the money movement, but just wanted to ask here if anyone else has done something similar and had it work or not?
Has anyone had the 500K THB but moved the funds around chasing interest rates, applied with multiple statements from multiple banks and had this approved?
I had the funds in an AMEX HYSA for 2 months earlier this year to get a bonus, then moved them for a few weeks to a different account where it sat in a US treasury account for a few weeks and just moved it to a new joint account with my wife.
It sounds like I will be ok as long as I explain the money movement, but just wanted to ask here if anyone else has done something similar and had it work or not?
Answer summary
The discussion centers around applying for a Thai visa with the required 500,000 THB, specifically when the funds have been moved between multiple bank accounts to chase interest rates. Several members share their experiences, highlighting that it's crucial to have the funds in one main account at the time of application and that providing clear explanations about the money's movement is essential. Some users recommend maintaining at least 1 million THB in personal accounts when using joint accounts due to ownership issues. Others confirm successful applications despite similar fund movements, indicating that the approach can work if properly documented.
16 repliesnewest first
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Josh *******
Applied for ours and approved after having cash in account for 10 days.
Corey ************
OP@Josh ******
where'd you do that?Josh *******
@Corey ***********
London Embassy. Needed to be 10 days in my account and they wanted 3 month statement
Shandy ********
I actually had an account history like that and had a successful applciation at Taipei. I know Taipei is more focused on income than bank account balances. I actually had several bank accounts that I received salary deposits in just because I was churning bank accounts. I only applied with one bank account, where I deposited several thousand to reach the minimum. When I applied in person, they wanted verification of where the salary was deposited and I had to go print the other bank accounts as proof.
John **********
500k baht in a joint account isn't enough to apply with anyway. You need at least 1 million baht as only half the money belongs to you.
Corey ************
OP@John *********
I should have been more clear that I have enough for both of there. It's just moved around a bit in the last 3 monthsJohn **********
@Corey ***********
that's another problem, you'll need to check if that's OK with the consulate you want to use, particularly the treasury account
James ********
@John *********
correct ✅Kaylie ****************
I've just applied. I moved my money once in march. I put a cover letter with a simple explanation stating the amount and date of the move.
Corey ************
OP@Kaylie ***************
did you move the whole amount?Kaylie ****************
@Corey ***********
yeah, completely emptied the account and moved to a new ISA.Corey ************
OP@Kaylie ***************
thanks!
Tiger ********************
You should have one main account that has the funds needed to apply. Everything else can be used as supporting evidence.
Robert *******
Good luck in finding such people.
Corey ************
OP@Robert ******
haha, agreedRobert *******
@Corey ***********
I guess it becomes time for a new app.DTV Dating site, who match my application documents.
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