Answered5 years ago

Can a joint Thai bank account be used for the funds required for a retirement visa in Thailand?

Retirement Visa Thai Bank Account Joint Account Visa Rules Immigration Financial Requirements

Colin ********

asked Mar 11, 2022

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Apologies in advance if already covered.

Can a joint Thai Bank account be acceptable for holding the required funds to obtain retirement visa. (Thai wife/UK husband)? Thanks in advance.

Answer summary

The discussion revolves around the use of a joint Thai bank account for holding funds necessary for obtaining a retirement visa in Thailand, specifically for a Thai wife and her UK husband. While some participants have indicated that joint accounts are generally not accepted for this purpose, others have mentioned that it may be possible under certain conditions. A critical point raised is that if the account is joint, the balance might be divided among account holders, meaning the minimum required amount would need to be doubled to meet the visa requirements.

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Dave **********

Joint requires double the money.

5 years ago

SpicyPete ********

I have always been told that the account cannot be a joint account, however I have heard that a few people do have joint accounts. I don't have any details about the joint accounts, but I have been told "NO it cannot be joint" by the immigration office in Loei and Pattaya. This was about 3 years ago, so I don't know if things have changed. I am quite sure that I also read on the government website that the account cannot be joint.

5 years ago

Ellie *******

@SpicyPete *******

It's not by the government nor police order, but some immigration offices (means Immigration-office-specific requirement) say they don't accept the joint accounts.

5 years ago

SpicyPete ********

Benjamin Hays that would make sense, however I was told that the reason the government did not accept a joint account was to hold funds if the foreigner died and had outstanding bills. If it is a joint account, the other person could withdraw all funds if the foreigner died and then there would be no money held to pay off any outstanding debts. And that also made sense to me.

5 years ago

Robert *******

Delete some comments with just NO, if you do not know the rules please do not comment or comment with an explanation about why you think you know the rules.

5 years ago

Colin ********

Thank you 🙏

5 years ago

Colin ********

Thank you for your prompt responses, stay safe and well.

5 years ago

Robert *******

YES. But be aware that the Thai Immigration Office devide the balance of the account by the amount of account holders.

If two persons like you describe, the minimum amount must be 1.600.000 Thb, as 50% for you and 50% for the missus.

5 years ago