For my extension of stay on the basis of retirement, I have had more than 800,000 THB on my SCB savings account for over two years, the only account I have now and on which I always put money and make payments. I understand that this amount must be in an account during 2 (or 3) months before the application for the extension, and 3 months after the application. In the interim period it cannot fall below 400,000. To be on the safe side, I do not let the amount fall below 800,000 THB anyway.
I now think it is more convenient, safe and economical to put the amount of 800,000 THB on a fixed deposit account. And use my savings account for all other daily transactions.
This week I have to go to Immigration (Chaeng Wattana) for my annual renewal. I asked the SCB what would be a good time to open the fixed deposit. The lady I spoke to thought I'd best do it once I got my year extension. It is the only way to have 800,000 THB non-stop in an account in a year's time.
However, I am not completely reassured because if I open that fixed account at the end of this week, for example, there would no longer be 800,000 THB in the three months after my renewal on the (savings) account where it was at the time of the renewal. But if I do it in 3 months, then there will not have been 400,000/800,000 in an account for a year.
I hope someone can explain how this can best be done, and whether I can still open a fixed account in this situation.
Thank you very much.
TLDR : Answer Summary
The user is seeking clarity on managing their finances to comply with retirement visa regulations in Thailand. They express concern about moving 800,000 THB into a fixed deposit account while ensuring they meet the requirement of maintaining this amount in a savings account during critical periods relative to their visa extension. Community responses suggest that it is acceptable to open a fixed deposit as long as the required amounts are maintained in the current account until specific deadlines. Users also note experiences with fixed deposits and their interactions with immigration.
NON-O RETIREMENT VISA RESOURCES / SERVICES
- Go to the Retirement Visa Section for information on requirements, including age restrictions, financial requirements, and necessary documentation.
- For immediate assistance, contact Thai Visa Centre directly via LINE at @ThaiVisaCentre or Email them.
- Explore recent discussions by using the Non-O Retirement Visa tag in the search box at the top of the page.
- Join the Thai Visa Advice Facebook Group to ask your questions, and get advice from others.
