Answereda year ago
Can I deposit more money into my bank account while applying for a Thai retirement visa extension?
Hi. My wife and I have deposited 800,000 each into our bank accounts and in 2 months we will apply for our 12 month retirement visa extension. My question is, can we start to deposit more money into our bank account for the next 2 months to use as living expenses as long as we keep the balance at least 800,000 or should we not do anything in the bank account until we have our 12 month extension? Thanks.
Answer summary
Yes, you can deposit additional money into your bank account while waiting for your 12-month retirement visa extension, as long as you maintain at least 800,000 THB in the account. It's advised to keep the immigration deposit separate from your living expenses; many expats open a second account for daily transactions to safeguard the minimum balance. Always ensure that you don’t inadvertently fall below the required amount.
44 repliesnewest first
Click comment and we will ask for your email, then OTP, then name.
Giovanni **********
A lot of people including myself open a second bank account with another bank for general living expenses.
Gerald ********
@Giovanni *********
Same as me so don't dip into that money by accident
Tom ********
With some Banks such as Bangkok Bank the 800K needs to be in for 4 months prior to applying, also most banks will not give you the required paperwork for immigration if you only have a tourist 'visa exempt'
Graham ******
@Tom *******
if you have a Visa Exempt entry stamp why would you need documentation from your bank for Immigration?
Mark *******
@Tom *******
best advice you can ever get is...Ask your local immigration...social media is wrong about 70% Of the time...cheers. Why? Different countries...different circumstances.....different offices....different interpretations of rules etc.
Pertti *************
@Tom *******
yes because for initial visa you don't need seasoning. You get paper when you apply extension👌
Marty *********
Yes. I had one Thai bank account. I kept the 800,000฿ + 400,000฿ buffer and added living expenses on top of that. There was never any danger of falling below 800k฿. Never a problem with Bangkok immigration examining my yearlong bank statements for my yearly extensions.
I had an OA visa for 6 years.
I had an OA visa for 6 years.
Colin *********
Rui *********************
Three mounths you can use that money , but after , for renwal must put again the money in bank
Isariya ***************
@Rui ********************
60 days before of the renewal.Rui *********************
Stuart ***********
@Rui ********************
that's not totally correct, the balance must never go below 400,000 baht.
Anna *********
@Stuart **********
that’s for marriage extension not retirement which is 800kNo wonder people get confused
Stuart ***********
@Anna ********
you are the one that is confusing people, not me!Stuart ***********
@Anna ********
so are you saying on the retirement extension, your balance can't go below 800,000 to 400,000 three months after the extension and return to 800,000 two months before the next extension?Art ************
You better not use Bank of Bangkok they will freeze your money they don't like foreigners
Gerry ******
@Art ***********
I cancelled my account at bbk . wasn't satisfied with their service or attitude.Art ************
@Gerry *****
they will not let me close my account because it is frozen
Malcolm *****
@Max ************
I think he knows more than you do 🤔Sean **********
@Art ***********
not true of all accounts, no problems with them so farArt ************
We are one of the lucky few, I've been here following the rules and they decided to freeze my account so I think Bangkok Bank is the shittiest Bank on the face of this earth
Art ************
Rok ********
@Max ************
… you need to relax, dear. You have been very tense with your recent comments. Deep breath!
Mark ********
@Rok *******
Yes , young Maxxy has woken up and needs to comment on something to keep his “All- star contributor” badge.Just a shame he never actually contributes and just waffles and waffles and waffles on and on and on 🫣🫣🫣
Max *************
@Art ***********
Don't come up with nonsense comments when you don't know shit about issues at Bangkok Bank.Art ************
@John ********
well if you were in my shoes you wouldn't feel that way when they froze over 1 million baht of your money and they're not going to give it back to you. Why would you want to stay in a country that steals from you and treat you like s***Sean **********
Yes, you can. I actually opened a 2nd account at another bank for daily living expenses to leave my immigration deposit account and pass book super clean for next years extension application.
Stuart **********
@Sean *********
can that be put into a term deposit account so you can get a little interest on your moneySean **********
@Stuart *********
I actually left the 800k in place and proceeded to deposit a minimum of 65k baht for the year and at the next extension used the daily living account to qualify for the extension based on the 65k deposits for 12 months.Now I was able to move the 800k out for better usage of the cash.
Warning - once you are able to get on the 65k per month basis you cannot ever miss a month or there may be immigration drama at the next extension.
Sean **********
@Stuart *********
unfortunately NO!
Jozef *********
@Sean *********
Not quite correct. I have a term deposit account, however, it does have where I can cash it all in before the expiration of the term but there's no interest paid if you do.
David *********
@Sean *********
same
Dick ********
There’s always the danger of inadvertently falling below the 800k level if one or more transactions are not remembered. Many folks keep a second account for day to day transactions thereby safeguarding the minimum balance requirement
Stuart ***********
@Dick *******
yes that's what I do too.
Andy ***********
@Di**
- that is exactly what I do
Osian ********
@Dick *******
said nobody ever 🤦
Ian *******
@Osian *******
wrong I keep two accounts. One only hold a little over 800k. Just in case I get hit by an unexpected tax, or similar.Mark ********
@Osian *******
Wrong! There have been multiple comments, posts and recommendations across many different Facebook groups over the years by people who do the same! I have 3 different bank accounts.For the Author, just remember as of a few years ago, an individual bank account is only covered by insurance/indemnity for 1,000,000 baht down from the previous 5,000,000 limit.
Some deem it wise to spread any funds across multiple accounts to protect your money etc.
Cheers
Gerry ******
@Mark *******
correct..but the government bank cover any amount they also pay interest tax free.Osian ********
@Mark *******
a far better reason and good advise, but on the op i replied if someone can't manage keeping his balance above a threshold when ample funds are available (from what ever source) should they really be allowed to travel 🤣🤦🫣
David *****
@Osian *******
wrong
Michael **********
Yes you can
Bob **********
Yes you can you can also start transferring in 65k baht a month and use that method for your next years extension but keep your deposit in the bank until they accept your monthly transfers
Alexander *******
U can deposit as much as likenreally
Activity
31 joined31
people
Related
25What are my options for extending my Non-O retirement visa in Thailand when I can't meet the 800k requirement in time?
5k406511d
Do I need 12 credit notes for retirement extension using Kasikorn Bank like Bangkok Bank at Hua Hin immigration?
1k4185mo
How long should the 800k be seasoned before applying for a retirement visa extension in Thailand?
2k16196mo
Will I receive my Non-O visa extension on the same day I apply?
2.1k17197mo
Does the monthly deposit for a Non-O retirement visa in Thailand need to be on the 1st of the month?
3.1k25337mo
What are the requirements for the 800k baht bank balance for a Non-O retirement extension in Thailand?
1.4k6278mo
Can I upgrade my 90-day retirement O visa to a 1-year extension while outside Thailand?
4.9k61378mo
Is it better to enter Thailand on a tourist visa or apply for a retirement visa to stay for 6 months?
1.9k11279mo
Can I switch banks for my Non-O retirement visa extension after using Kasikorn for 65K deposits?
6.1k623310mo
Will transferring retirement extension funds from Bangkok Bank to Kasikorn impact my visa extension application?
2.1k11321y
Do I need to update my bank book on the day of applying for my first visa extension based on retirement in Chiang Mai?
1.6k11121y
What are the rules for switching from monthly income to the banked money method for a Non-O retirement visa extension in Thailand?
8.6k601181y
What are the steps and requirements for extending a 90-day Non-O visa to 12 months in Thailand?
2.8k21251y
Can I extend my 90-Day Non-O Visa in Thailand or must I exit and re-enter on a 30-day exemption?
5.7k38811y
How can I legitimize my retirement visa situation in Thailand after going through an agent?
5.1k38641y
Is 90 days enough to apply for a retirement visa in Thailand after extending my 60 day exemption?
9955112y
Can I apply for a one-year extension on my retirement visa if my required funds will only be in my account for 55 days before my visa expires?
2.6k22172y
Do my bank statement totals need to match when applying for a Non-O visa extension in Thailand?
3.5k20512y
What is the best strategy for obtaining a Non-O visa in Thailand for retirement?
2.2k13223y
What steps should we take upon arrival in Thailand to extend our Non-O immigrant visas to one year?
3.4k19513y
What are the requirements for a Retirement Visa extension in Phetchaburi Province, Thailand?
3.3k24343y
Do I need to show a bank letter at my first 90-day report after re-entering Thailand on a retirement visa?
587314y
How can I obtain a long-term Non-O retirement visa in Thailand if I'm over 50 and have a 30-day visa exemption?
1.8k12175y
Can I use monthly transfers of 65k baht as proof of funds for a retirement visa extension after an ED visa?
2.2k2185y
What is the process for extending my visa and converting to a one-year visa in Thailand after my exempt stamp expires?
1.1k1018y
Resources
Need help with your retirement visa?
#1 visa agent · 4,000+ reviews · 100,000+ expats served