Answered2 years ago
What are the deposit account requirements for obtaining a visa in Thailand?
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.
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.
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.
22 repliesnewest first
Click comment and we will ask for your email, then OTP, then name.
Henrik *****
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.
Dnatjugweme ************
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.
Paul *******
@Dnatjugweme ***********
I highly doubt it. Never heard of anyone been asked for proof of funds in a bank account when arriving into Thailand.Proof of 20K Baht in cash, yes, but that's usually reserved for visa runners and anyone entering via Ranong.
Dnatjugweme ************
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.
Dnatjugweme ************
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.
Anonymous *************
OPSo do you need to show you documents/500k everytime you re-enter Thailand on the dtv visa?
Wesley ********
Anonymous participant not need to but they can ask.
Their assumption is if you don’t have 500k liquid in cash then you don’t have enough money to live and for emergencies
Their assumption is if you don’t have 500k liquid in cash then you don’t have enough money to live and for emergencies
Dnatjugweme ************
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.
Keith ************
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.
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.
Anonymous *************
OPBut what do you mean by extend your stay? I thought it's valid for 5 years. Sorry I'm not that clued up with everything.
Anonymous *************
OPOK 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...
Henrik *****
They still need to be available after you get DTV.
Michael *******
Yes, need to sell assets, and put cash in bank account in your name.
Some place ask for 1 month, other 6 months
Some place ask for 1 month, other 6 months
Anonymous *************
OP@Michael ******
If anyone knows embassies which allow 1 month, I'd be interested to know 😃John **********
You can't use brokerage accounts, term deposit accounts, crypto accounts etc
Will ************
Combined balance on bank accounts no less than
*****
0 baht equivalent and statements from those accounts showing ALL transactions for the previous 6 months on those accounts.
Wannikea *********
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 *************
OPBut the cash in my trading account is in a bank account, does this count? 🤔
John **********
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
Wannikea *********
Anonymous participant they want to see 6 months worth of balances, you'll need to show them what they ask for.
Mun *****
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.
Anonymous *************
OP@Wannikea ********
yeah just the last monthActivity
11 joined11
people
Related
25What are the requirements for obtaining a DTV visa in Thailand regarding income and bank savings?
1.8k10312mo
What are the bank account requirements for applying for a Non-O visa from the UK?
42694mo
What are the requirements for obtaining a dependent DTV visa for my son in Thailand?
330116mo
What are the steps to obtain a retirement visa and open a bank account in Thailand?
14.3k722886mo
Can I change my education visa to a marriage visa using the 40,000 THB monthly income option without having 400,000 THB in the bank?
9.1k531636mo
What documentation do I need to provide for proof of funds when renewing my Thai visa?
6.6k241438mo
What are the financial documentation requirements for a DTV freelancer visa in Thailand?
28919mo
What are the requirements for obtaining a DTV visa for U.S. citizens in Thailand regarding proof of income?
1.5k1191y
What are the income requirements for the Digital Nomad Visa (DTV) in Thailand?
6.3k44851y
What are the financial and documentation requirements for obtaining a 90-day Non-O visa and a marriage visa in Thailand?
777391y
What are the financial requirements for obtaining an O or O-A visa in Thailand for U.S. expats over 50?
1.6k1471y
What are the costs and risks associated with using an agent for the Non-O visa extension in Thailand?
8k70761y
What are the requirements and processes for obtaining a Muay Thai visa in Thailand, and can my wife join me under this visa?
608312y
What documents are required to prove financial stability for the Destination Thailand Visa (DTV) application?
4.4k23192y
How can I open a bank account in Thailand to apply for a retirement visa since banks require a visa to open an account?
10.6k83932y
What are the financial requirements for applying for a marriage visa in Thailand?
2.1k14132y
Can I use two different bank accounts from different banks for my Thai visa application?
60222y
How long does the ฿800,000 need to be in my account before applying for a retirement extension in Thailand?
1.6k10163y
What should I do to prepare for opening a bank account in Thailand on a retirement visa?
5k33673y
What are the financial requirements for obtaining a 90-day Non-O spousal visa from the Thai embassy in the UK?
1.8k1725y
What are the current requirements for renewing a Non-O visa in Thailand?
2.9k25165y
What are the exact requirements for obtaining a marriage-based visa in Bangkok?
1.6k11125y
What Are the New Requirements for a Retirement Visa Statement in Thailand?
903627y
What are the new income requirements for OA visa applications for expats in Thailand?
840157y
What are the requirements for applying for a retirement visa in Thailand without a monthly income?
1.6k1359y
Resources
Need help with your Thai visa?
#1 visa agent · 4,000+ reviews · 100,000+ expats served