Answereda year ago
Can I deposit the 800,000 baht for a Thai retirement visa in a foreign currency account or an interest-bearing baht account?
Hello all, Is it possible to deposit the 800,000 baht requested for the retirement visa into a foreign currency account (US $) or ın an interest-bearing baht account? I might have missed ıf this detail has already been talked over. It is necessary to protect the inflation value of the money. Thank you for your answers in advance. 🙏
Answer summary
The 800,000 baht required for the retirement visa must be deposited in a specific account type and cannot be held in a foreign currency account or an interest-bearing baht account. The general consensus from the community is that you need to have the funds in a designated Thai bank account to meet the visa requirements.
7 repliesnewest first
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Peter ******
Make a deposit Account.
Adam *******
IBD rates are sub 2%, you either want the visa or don’t, there are obviously ways to circumvent the process but they are exactly that, ask yourself if securing a small amount of cash is an issue to you, can you really afford to reside in Thailand long term, my 20 cents
Frank *********
No, it's just money sitting there losing value
Graham ******
@Frank ********
800k required for just over 5 months then 400k until the next extension is approved if switching to the 65k monthly transfer method
Betty *********
@Frank ********
very unfair.
Euan ********
@Betty ********
but true.
Malcolm *****
Simple answer - NO
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