Answered6 years ago
Can I close my foreign currency account and still qualify for a Non O retirement extension in Thailand?
I want to close down my foreign currency account and exchange all into Thai baht but my account is used for my non O retirement extension,
Will I run into problems or is it OK cause I can show the 800.000 thb with the same bank on the same day are still there and available.
Please let me know if someone has done it.
Will I run into problems or is it OK cause I can show the 800.000 thb with the same bank on the same day are still there and available.
Please let me know if someone has done it.
Answer summary
Closing a foreign currency account while maintaining the required funds for a Non-O retirement extension may be feasible, provided you can show that the 800,000 THB is still available in the same bank on the same day of the transaction. It's recommended to consult with your immigration office first and keep documentation. One approach suggested is to withdraw the maximum limit while ensuring sufficient funds remain to meet immigration requirements and consider opening a new account for future transactions.
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Robert *******
I would discuss this and get it on paper from your immigration office before you start OR,
take out the maximum so that 400.000 Thb and some extra for exchange rate fluctuation is left, open a new account and set that up for your next Extension of Stay and afterwards clear out the last 400.000 Thb
take out the maximum so that 400.000 Thb and some extra for exchange rate fluctuation is left, open a new account and set that up for your next Extension of Stay and afterwards clear out the last 400.000 Thb
Somchit **********
Exchange rate looking better than in a long time, ey? I think you got some good advice from Robert there. My guess is that you'll get an even better rate with the second transaction.
George ******************
@Somchit *********
I have a friend who had his ฿800,000 in a year deposit, every year he turned it over into a new one. One year he did it and the bank didn't express that in their letter. Because the new deposit was new, however a transfer from the old one, Immigration said it wasn't seeded long enough. So be very careful, and probably a trip to immigration to explain what you plan to do, and see if it would be okay, would be worth your while. 
Claus *******
OP@Jos ********
just find something else you can argue about please, find a bitch site on FB which suits you ,this site may be too hard for you to understand, bye bye
Jos *********
@Benjamin *****
pfff... . NO you didn't. I write it out for you sir, MAYBE, you will get it now..... "I want to close down my foreign currency account and exchange all into Thai baht but my account is used for my non O retirement extension,
Will I run into problems or is it OK cause I can show the 800.000 thb with the same bank on the same day are still there and available.
Please let me know if someone has done it."
Have a nice day..
Claus *******
OP@Benjamin *****
no I don't I am totally aware of the seasoning requirements for an extension Benjamin ******
@Jos ********
I did. He's wants to know the seasoning requirements for an extension of stay based on retirement. That would be on the handoutJos *********
@Claus ******
Talk about your problem as @Rob***
, explained to you with the immigration officer, and if you get to an solution, ask polite but firmly to put in on paper. You have to hold your ground, since the next IO will see it different when you go back in a few weeks. Even if the IO you talked with is present in the office, he will deny anything you say....Jos *********
@Benjamin *****
Read the OP 's question first please.....Benjamin ******
@Claus ******
what is the question? They should have the handout for the extension of stayClaus *******
OP@Benjamin *****
yes but specifically for my question, I don't think so Benjamin ******
@Claus ******
If you ask for the paper for the information on how to get the extension of stay, they will give you the paper. Each immigration office has their own requirements.
Claus *******
OP@Jos ********
will they give if you ask for it? Jos *********
@George *****************
Listen to @Rob***
's advice and ALWAYS get it on paper coming from immigration..... Claus *******
OP@Robert ******
thanks Robert, good advice Activity
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