Answered2 years ago

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

Charles **********

asked Nov 10, 2024

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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

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.

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Deepak *******

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

2 years 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.

2 years 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...

2 years 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.

2 years 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.

2 years ago

Charles **********

@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

2 years 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.

2 years ago

Paul *******

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

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

2 years ago