Please could someone clarify exactly what this means, they have asked me for more info:
A deposit account shows the transactions last 6 months and the account balance or a combination of a deposit/saving account totaling not less than 500,000baht. Stock/Crypto/Bitcoin/Investment/Business/PayPal account and sponsor are not accepted
I previously sent them a statement from a brokerage trading account showing over 500k thb of assets. Do I have to sell my investments and transfer the cash to a checking account, and then show the latest statement from that? Is 1 month ok or do they need 6 months? Alternatively can I leave the cash in my brokerage account and just submit that? Thanks in advance.
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TLDR : Answer Summary
The inquiry revolves around the requirements for showing proof of financial stability when applying for a visa in Thailand. Specifically, the applicant is uncertain if a recent brokerage account statement showing over 500,000 baht is sufficient or if they need to transfer the funds to a bank account. The consensus from community comments is that the authorities require bank statements showing all transactions for the past six months from a savings or deposit account, and investment or crypto accounts are not acceptable. There is debate about whether one month’s statement might suffice, with many agreeing that having the amounts readily available in a personal bank account is crucial.
The money needs to be readily available at all times with no delay, in case ie. you need to go to hospital, and have to pay upfront before getting treatment.
You don't want to keep those 15K USD on a savings account for more than 1 month. What will you do if they suddenly ask to show them on a bank account upon each entry into Thailand? For now it's not the case (they do only if you wish to extend your permission to stay in Thailand), but they could possibly do it later.
It's not the IO at the counter that will ask you to show 500K in a bank of course. But they could invite you for a short itv during which they may ask you for evidence that you still meet the same requirements as when you applied for the visa.
True, indeed, would be a first. But the DTV also is the first of its kind, one could add. I've known Thailand for more than 25 years and there has never been a similar visa. On the other hand, there have been crackdowns on other visas / types of extensions of stay in the past, where they suddenly made it much more difficult to use them.
Participant(e) anonyme Every time you extend your stay for now. Possibly every time you enter Thailand in the future, although I have to admit that it's just speculation.
Anonymous participant it's good for 180 days at a time, over 5 years. At 180 days, you have to extend or go out of the country and come back in for a fresh 180.
As it stands now, if you extend in country, you basically have to meet the same requirements as your original application.
Leaving Thailand and coming back doesn't have the same level of scrutiny at this point.
OK so I'm applying at HCM, is it enough to sell the assets, transfer the cash and show them the statement for this month? If I have to wait for 6 months of statements then there is no point. Who keeps 15k usd in a savings account doing nothing...
Think they made it very clear that they want to see the money in a bank account for 6 months, not an investment account. How long was the brokerage statement account you sent previous, just the current month?
Anonymous participant if it is inside a trading account it won't count whether its invested or just sitting there. They want to see it in a normal everyday instant access account
Anonymous participant For HCMC I think it's a safer bet to put the cash in savings account and wait for at least 3 months. If your trading account is a bank account in the same bank as your savings account maybe they'll accept it? I really can't say for sure, sadly.
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