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Answered3 years ago

Can I combine Social Security income and bank deposits to meet the 800k Baht requirement for a Non-O visa in Thailand?

Kyi ******
asked Nov 24, 2023
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800k Baht question: I've just been told that you can have a combination of monthly Social Security income plus a deposit to reach the 800k Baht per year mark. Meaning, if your Social Security monthly is equivalent to 55k per month, which is 660k per year, then all you need to do is have 140k baht in the bank. Can anyone confirm this info?
Answer summary
The post discusses whether an individual can combine their monthly Social Security income and a bank deposit to meet the 800,000 Baht requirement for a Non-O visa in Thailand. Responses indicate that this is possible depending on the specific immigration office's policies. However, income must be certified, which can pose challenges for US Social Security recipients since US embassies may not provide necessary documentation. For newcomers, it may be advisable to hold the full amount in the bank initially before potentially switching to a combination method in later years.
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Ken ******
Ken ******
not too sure about impact of new tax policy on remitted income next year
Koh ******************
Koh ******************
We could help you with that VISA.
Kyi ******
Kyi ******
OP
@Koh *****************
how much is your fee to get the non immigrant O visa
Kyi ******
Kyi ******
OP
Thanks Everyone for your input, I need and appreciate it!
Steve *******
Steve *******
So if I need 800K Baht, will my wife need the same? 1.6M B?
Brandon ************
Brandon ************
@Steve ******
if you're both foreigners then each of you will need 800,000 in a Thai bank account in your own name only.

You could also do a trailing spouse visa but you must apply for the non-O retirement visa from a Thai embassy in your home country and your wife would also apply for the non-O trailing spouse visa at the same time. Then your wife would not require any proof of funds. But you have to do it before you travel to Thailand since you cannot convert to a trailing spouse non-O in Thailand nor can you apply for this visa from any Thai embassy in SE Asia.
Steve *******
Steve *******
Unfortunately we are getting married in Thailand, and my fiance is Philippina = 1.6M B, but it is still possible to do just a few months after we wed.
John **********
John **********
@Steve ******
if you're not married then you each need money in the bank. Once you are married and you are on an extension of stay she may be able to return to the Philippines and get a Non-O visa based on being your wife in the future
Keith ************
Keith ************
There are a couple of different aspects to this question. One is if your specific immigration office allows what's called the combination method. Some in the bank, and some monthly income.

Since you said social security, I assume you're from the US. The US does not provide the documents you need in order to verify your social security income.

That means your first year, to qualify for a non-O for purposes of retirement, you'll have to put 800k in the bank.

During that first year, if your office allows the combo method, you can transfer your social security payments every month to your Thai bank account.

After a year of doing that, you might be able to switch to the combo method for your second year.

But it's best to ask at your specific immigration office..
Kyi ******
Kyi ******
OP
@Keith ***********
Great Info. Thanks!
Carsten ************
Carsten ************
@Lay ******
in addition to Keith info: the monthly transfers need all to be shown as transfers from abroad in your bank book.
Kyi ******
Kyi ******
OP
@Carsten ***********
Thanks for the details!
Brandon ************
Brandon ************
You need to ask your immigration office, as not every office will accept the combination method.

Also your income will need to be certified by your embassy, and many embassies no longer offer this service. If your embassy will not certify your income then you cannot use it as proof and will need the 800,000 in the bank.
Lee *********
Lee *********
@Brandon ***********
Hi, I have been on this site about 1 month & I notice you reply & give very good advice in a straight forward polite way. You should be congratulated. I hope to move to Thailand next year and will definitely asking advice here
Kyi ******
Kyi ******
OP
@Brandon ***********
Thanks! someone else was telling me the same thing.

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