Anonymous participant No, everyone does not maintain 500K in a bank account. If you are extending your 6 months at immigration it needs to be in a bank account. Majority return the 500k back to higher rate accounts and do border runs where there is no current policy of checking your account.
Anonymous participant More embassies are requesting Soft Power applicants submit financial evidence to show they can support themselves. Submit a letter detailing you get income via trading, monthly income deposits highlighted on a bank statement balance and if you have any additional savings Inc that. You can be given a 6mth visa if they are not satisfied of long term financial independence.
Yes others have got the same. It is often given for not showing sufficient evidence to be awarded the DTV..e.g 1 -6 month course.You can extend at an IO.