If on a retirement extension using the 800K can I change from one bank to another for example from Banngkok Bank to Kasikorn? How would immigration deal with this for my next extension?
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TLDR : Answer Summary
Yes, you can change from one bank to another while on a retirement extension visa that requires 800K baht. It is recommended to keep some funds in your old account during the transition and to avoid moving money during the two months prior to your extension and three months afterward. You can move money in chunks (400K at a time) after the extension is granted. You will need to provide statements from both the old and new accounts to immigration for your next extension.
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Yep, that's exactly what Phuket Immigration once told me about moving the 800k... out and in at the same day and everything is fine.
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Stephan ***********
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Tod *********
I would say you'd move the money in 'chunks' so that 400K baht was always in one account or the other ๐ AND don't do any moving of funds during the 2 months before an extension is due OR the 3 months after it's granted <- when you're required to have 800K baht in the account.
After that (when you only need to have a balance of 400K), move the money in two steps, 400K at a time would be the safest ๐
The next year you would need a print out of the old account statement and the new account statement to show the money trail, but you should be able to do it no issues other than that
I got my retirement visa done in January this year , that was the first time , the extension is due in Jan next year , I did not know this rule that I am required to have 800 k for three months , I have 400 k though and it never fell below that amount โฆ I was planning to put back another 400 K in October . Do you think there will be a problem in my extension
The rules are clear ๐ In fact, you signed a form stating it when you were at the immigration office (even if you didn't know you signed it)
in Bangkok they make you hold up the paper and take a picture of you holding it so IF you say you didn't know next year they can show you ๐ฎ
This is the english translation of the rule
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Tod *********
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Tod *********
note; there is nothing in the rules saying you can't move the funds to a new account, and there is nothing saying you have to do it in 'chunks', I was suggesting that so you don't run afoul of any seasoning requirement or have an over zealous officer go thru the banking stuff with a fine tooth comb looking for a problem
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Tod *********
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