The community generally agrees that agents can assist in obtaining an O visa, although there are mixed opinions on the financial aspects involved. Some users recommend working with agents like the Thai Visa Centre, while others caution against the increasing fees and suggest that applying independently might be more cost-effective. There are concerns about the complications agents can create with banks, and suggestions on how to navigate the process effectively.
yes right. using agents makes things easier. This is very sure. I am always using agents when I am in a foreign country. As a foreigner, everything is hard to do by myself. all different and even, cultural difference is huge. Language barrier is also huge too. Different system, process, people here. The agents are locals and they are expert to do such process and relationships and networks, that they already have. Only we must pay to hire them. I tried before all process of things in a foreign country, because it looked not difficult for me to do by myself. But I really failed big. Even a simple thing I could not manage. Even worsened. After I wasted money and times and energy, I realized that I need a good agent. After that, I always used agents in foreign country to do something for such necessary things. and so far, they helped me a lot. only one agent was fake and shit to me. In Thailand, I do not know much yet. I am just learning and monitoring.
I know what he means but those days are drawing to a close. Bangkok Bank already insist on four months the lump sum has to be in the account otherwise no letter! The other banks will follow suit! Already accounts are being frozen across the country and Facebook is packed full of whiney expats who can't get their money! lol
Agents charge about 32k for 15 month starter pack. Then 16k or so for annual renewals. The obvious financial advantage being that you don't need 800k in the bank for an agent. 800k at 5% makes 40k annually. Pays for your 16k annual fee and leaves you 24k every year in your pocket. Up to you
although true, it's a hassle. And as you are well aware it's not like you can send it out and back into country without incurring costs that would far exceed the value. Agents make perfect sense to anyone with a tiny bit of financial savvy
well, you're going to spend it here anyway. I used to be an advisor and there are reasonable arguments on both sides. Honestly 800,000 thb is in the noise. What's your time worth... Mines with a lot ( at least to me and who knows how much there is ) you do get a discount from agents if you deal with the bank issues... They just collect the info and get in the front of the line at immigration. I have no desire to ever step foot in there again.
all perfectly true. I’m never standing in line or chasing the paper trail to sort it all out. Nobody retires to go stand in govt lines. Well… except a few cheap Charlie’s here apparently
Exactly. I didn't bust my ass for years to put up with nonsense. All the fees for an agent are seriously in the noise. If you are worrying about every baht... I'm really sorry... Not my problem
except that when entering through BKK with an agent obtained Visa extension I was in no uncertain terms told, by an immigration Officer, to get my extension myself next time.
It's more likely that he does and he also understand how much interest 800k makes elsewhere. My average return on investment over the last 25 years is over 14%. You can't seriously think a decent investor is bringing 800k to thailand, losing on exchange and fees, to sit in a bank at 0.5%. Not a great option.
I was thnking the same thing. Let's say you earn 12 percent a year. 800,000 thb is about $25,000
So each month you could have made $250 return. Depending on the bank it's 3-4 months, so $750 - $1000. Which happens to be what agents are charging. So it's close to a wash. As with everything, up to you
why does it sound like that lol? It’s beer money. But as they say, a fool and his money are easily parted. What do here with with micro amounts reflects how you handle money in general.
It sounds like you have no clue about the value of time.
I wouldn’t park mine in savings account or FD accounts. Don’t be ridiculous. They don’t even keep up with inflation especially on an after tax basis
I don't see 800k as a lot of money,maybe you do. It's a small part of what I have. You are just another person whining about parking money in a Thai bank like it's the end of the world.
wait till your 80 spent most of your savings and left with a few thousand pounds put aside for emergencies because can't get medical insurance pre existing conditions , pension of 700pds a month you might not have or want to tie up ,800,000 bath Which is frozen for 4 months in bank .before you criticise the why this post is written I left school at 14 and didn't have the chances your era got Regards glad your living the dream in Thailand
Hi it's the agents causing the issues can you explain hear how that is ? What they are doing to cause the problems
Nick ************
There is nothing underhand about asking an agent to help you open a bank account, putting your money in it and getting help obtaining the non o at the same time.
also, without agents, there'd be 1000s of pensioners up shit creek, Thailand would be lost without agents, I'll admit some are downright robbing twats, but most a genuine,
If the Thai government were to crack down on these visa brokers, a whole lot of people would be in trouble and a whole lot of people would be saying bye, bye to Thailand.
😂😂😂😂 if the government cracks down on themselves lol? Umm it’s a safe bet immigration won’t be ‘cracking down’ on immigration anytime soon. No good bye Thailand. No trouble. No standing in line. No 800k. All good. Enjoy them. Great service
I’ve just seen a reel from an English solicitor in Thailand. He has stated that you can no longer get a bank account on a Non O visa. I’m not sure how this can be true. To get a 12 month retirement visa you need 800k in the bank but he’s saying you can’t get a bank account unless you’ve got a 12 month visa WTF 😳
" To get a 12 month retirement visa you need 800k in the bank but he’s saying you can’t get a bank account unless you’ve got a 12 month visa WTF " . . . . this is utter bollocks. Kick the advice of the other guy into the bin . . . . You enter on a 90 days Non-Imm-O Retirement visa. The visa becomes invalid or "used" upon entry. Can you FOLLOW me? You are in Thailand on a "stay permit", NOT "on a visa". You get a bank account opened as soon as possible after you entered. You transfer a minimum of 800,000 THB into it. Then up from 30 days before your 90-days stay permit expires (NOT your "visa", you don't have a visa any more!!!) and that's as soon as the 800,000 THB have been sitting in your Thai bank account for 2 months, you apply on Immigration for the "12-months Extension of Temporary Stay Permit Based on Retirement" which is NOT a visa but an "extended stay permit"
Why do you listen to rubbish? And you're not applying for a 12 months retirement visa, you're applying for a 1 year extension to stay based on retirement.
I’ve heard of some people doing pay as you go for medical costs. How is this an option if it’s mandatory to have health insurance? Let me guess. This is where the agents come in 😜
One official requirement for the Non-O-A is the health insurance. The main differences between a Non-O and the Non-O-A is the fact you can only apply for the O-A back home at an Embassy/consulate and you don't need 800k baht in a Thai bank account.
you can apply for the non o in home country by showing the funds there. It gives you 90 days to open an an account in Thailand and deposit the funds there for two months before applying for 12 month extension based on being over 50, married etc. Or is that what you meant?
No, he asked if there was another option, a long term visa based on retirement instead of the 90 days Non-O and the 1 year extension at immigration. The only one is the O-A.
how true. I’m traveling to Thailand in December on a non O with the intention of getting a bank account. So I can transfer my 800,000 thb in over the next 12 to 18 months. Looks like this won’t be happening now
you can still get a bank account opened fully legal if you enter on a 90-days Non-Imm-O visa. If you happen to meet incompetent banking staff, just use an agent. Costs around 5000 THB to get a bank account opened with any of the many agent's in Pattaya. No health insurance requried on a Non-Imm-O, but it might be wise to have secured a good health insurance just for peace of mind
watching some Facebook group I’ve seen guys mentioning they transfer money in to Thailand 3 months before their renewal then once approved transfer back out of Thailand until next approval cycle.
With the continued uncertainty nobody wants to have a Thailand a store of money.
that would not work as the full amount has to stay in the bank for three months after getting the extension and not go below
*****
0 (for retirement) for the rest of the year. Monthly payments can be spent or sent back to home country but to swap you need to do both for the first year.
You can think that but they’ve just been caught in the crossfire like many other farangs. If you hone in on the word crossfire (and the current border issues in certain parts of Thailand) then you may well be closer to the real reason Thai banks are clamping down on foreign accounts and potential money laundering.
A clue. It’s not your typical Western guy spending his retirement funds in Thailand. They are just pawns in the game.
Yep. They think it’s that they’re clamping down on western foreigners but it’s got nothing to do with them. They are just caught up in the happening. To stop the huge money laundering that’s been happening from a certain country they’ve had to curtail foreign accounts.