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Answered2 years ago

Can I combine funds and monthly deposits to meet the financial requirement for a Non-O visa in Thailand?

Cyril *********
asked Jun 28, 2024
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I am retiring to Hua Hin next year ,iam buying a property.

I understand I need either 800k in a thai bank account or 65k going in monthly.

My question is I heard you can have a combination of the 2.

So if I got less than 65k going into my thai account. What's the minimum amount do I need in my thai account so immigration will be happy?
Answer summary
To obtain a Non-O visa for retirement in Thailand, you typically need either 800,000 THB in a Thai bank account or a monthly income of 65,000 THB. For the initial visa year, the deposit must be maintained at 800,000 THB, but some immigration offices may allow a combination of the two methods for future extensions. To switch to the monthly deposit method, you'd need to show proof of twelve consecutive monthly deposits of 65,000 THB. It's essential to check with the local immigration office in Hua Hin for specific requirements, as they can vary.
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Gordon *********
Gordon *********
Ask imagination strat from the horses mouth
Peter *********
Peter *********
No
Andy ********
Andy ********
I strongly suggest you rent for the first 1-2 years to make sure Hua Hin and specifically which area of Hua Hin is for you. Its simple to hand back the keys but very hard to sell if you change your mind.
Casey ******
Casey ******
@Andy *******
any answer to his actual question? Good advice for information he didn’t ask for, but he did have a question.. can you help?
Andy ********
Andy ********
@Casey *****
No. I don't know the immigration requirements in Hua Hin. Each offuce seems to have slightly different requirements. I've never dealt with the Hua Hin office and don't plan to as its not a destination I would consider living. 1 day there is enough for me.
John *********
John *********
Who is your Thai bank because all of them wont give you the paperwork ?
John ********
John ********
65k a month for twelve months doesn't add up to 800k. 780k actually.
Steve **********
Steve **********
@John *******
Think IO or Immig though picky to say 66,666.66/ mo
John ********
John ********
@Steve *********
Well Steve I read so many expats on here regarding you've got to do everything by the book so to speak, so if that is the case twelve times 65k = 780k. And there's more repeats on FB about visas than there is repeats programs on the TV in the UK and there's a hell of a lot. 😂
Steve **********
Steve **********
@John *******
Ya, I know John, have been dealing with ( quite amicably ) IO for over 20 years. Occassionally a pain due to staffing but for the most part, no problem. Occassionally my prob, once in a while just misunderstanding.I like the new system .

Hell, its once a year, coffee shop ok, always bump into old friends.
Glenn *****
Glenn *****
@John *******
doesn't matter. If the combination method is accepted in HH the total of the deposits plus the money must equal 800K. If it is not accepted, the 1st year must be 800k in the bank. After the first year you need to prove 12 consecutive monthly deposits of at least 65K. Those deposits can be spent whenever you wish. The 800K can be spent as soon as you get the new visa extension based on the deposits. In some cases, such as mine, they never checked to see if the 800K was still there.
John ********
John ********
@Glenn ****
with respect I think that is wrong. You say 1st year you must have 800k in your bank. Second year you have to have 12 consecutive deposits of 65k. If you don't touch the 800k you deposited for your first years extension, you wouldn't need to deposit 65k in your second year every month.
Glenn *****
Glenn *****
@John *******
if you wanted to switch to the monthly deposit method. Which allows you to spend the 800K and the 65K at any time. If you stay with the 800K method, no need
John ********
John ********
Frist thing is finding out what the immigration office point of view is about what you are planning to do because some of them will not except it even though its within the rules, they make their own rules
Henrik *****
Henrik *****
First year you may need 800.000 in bankaccount, since most embassies, will not give papers to show you get more than 65.000 Baht / month.

Then when you have documentation for monthly transfers, you can change.
Will ************
Will ************
First year is 800k then keep it there for 3 months and never let it drop below 400k at the same time deposit 65k a month for 12 consecutive months before the day you apply for second yearly extension. If you go under the 400k it’s start all over again even by 1 transaction on the same day. If your 65k is delayed by a few days and it runs over into the next month then same scenario.
Steve **********
Steve **********
800k

65k/mo

Combination = 800k/yr

800k stays

65k, can spend til next mo.
Stuart *********
Stuart *********
You’re sort of right, but sort of wrong.

For the initial Non O visa (if got in Thailand) and the initial year extension then there is no option to use monthly deposits. If your embassy won’t issue the affidavit of income (US, UK and Australia and possibly others) then the only option is 800k in a Thai bank.

Come the following year extension then you can switch to monthly deposits of 65k or more assuming you have kept the minimum amount from the initial year extension and can prove 12x foreign transfers in to your bank.

Some offices may allow a combination of monthly income and a set amount in your account. Not all will. You’d need to go speak with your office to see what they would allow and what amount passes their requirements.

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