Will HCMC or Hanoi accept a balance of 500K THB from two different bank accounts for immigration purposes?

Thai Visa Requirements Bank Statements for Visa Money Transfer to Thailand Expat Finances Living in Thailand

Nov 10, 2024

3 days ago

ORIGINAL POSTER

Will HCMC or Hanoi accept current balance of 500k from two different bank account

Krunsgri + Lloyd’s in UK. 

If I manage to borrow money from back home would rather not send it ….to my Thai account and back

Could lose nearly 10,000 in fees + conversion I think

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TLDR : Answer Summary

To successfully meet the financial proof for a Thai visa application, it is essential that the 500,000 baht is held in a single account that has been open for at least six months. Multiple accounts cannot be used, and the balance statement must clearly reflect the required amount.

Deepak *******

Borrow money to top up your UIK account to 500K. Why do you have to send it to Thailand?

2 days ago

Christopher ********

You must move it all into one account. The account has to have been open 6 months, but the last balance statement must show 500,000 baht. Can't use multiple accounts.

3 days ago

Luit *****************

The 500K is to show you have enough money to live in Thailand, it is not meant to show you are able to borrow money...

3 days ago

Richie-Rich ********

@Luit ****************

yeah, this is kind of the annoying part of the requirement. My funds are tied up in index funds rather than sitting around in my bank account. If I need to access them, I can.

3 days ago

Luit *****************

@Richie-Rich *******

I think even when having your money in index funds, you should also keep a percentage in cash, experts say 5 till 20 percent.

There are always situations possible you prefer not to exchange to cash because of a temporary low index.

So I understand why visa requirement is cash.

3 days ago

Reply to

Luit *****************

Charles **********

ORIGINAL POSTER

@Luit ****************

idc- I have enough money to live in Thailand comfortably anyway, steady stream of 60k baht a month.

Just a few months away from getting 500k but want it asap

3 days ago

Luit *****************

@Charles *********

When both accounts with the money are in your name, I think it is not a problem.

There is no need to have it in a Thai bank account, I think it might be even better when not in a Thai bank account, because when in a Thai bank account they might be suspicious you have Thai income.

3 days ago

Paul *******

@Luit ****************

Not really. You can simply show the funds came in from abroad.

3 days ago

Reply to

Paul *******

Do I need to show a continuous balance of ฿500K in my bank account for six months when applying for a Thai visa?

8 comments

2 days ago

What are the requirements for submitting bank statements to the Thai embassy in HCMC for a visa application?

32 comments