Can I open a fixed deposit account while maintaining my retirement visa requirements in Thailand?

Question

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.

Ask Thailand · Answer

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.

Harry ******** · Answer

Don't waste your time with the advice given here with this group.  Post on Thai visa advise group and listen to explanations given by admin, especially Tod Daniels .

André ********** · Answer

Es geht auch noch bequemer, will dazu aber hier nicht zuviel sagen. Gebe gerne Auskunft per PN

Brook ******** · Answer

I put ฿803k in a fixed deposit account at Kasikorn and have never touched it. I did this 2 months after my last extension.

I used an agent and they only wanted to see the bank book (never updated) and bank letter in CM.

They didn’t care about statements.

I earn either .5 or 1.5% (can’t remember).

Mark ********* · Answer

Show immigration both bank books.

Christopher ************* · Answer

Talk to thai visa centre

Greg ******** · Answer

I have always used a fixed account never been asked to show funds after the extension is approved

Peter **************** · Answer

And I thought I read somewhere that there are 2 different kind of Fixed accounts. It has to be one where you can take out y'r money (mayby with loss of intrest), not one which is really fixed for a period of time.

Brandon ************ · Answer

You can open the new account whenever you want as long as it has the 800,000 at least 2 months before you apply for your extension next year.

You just have to keep the 800,000 in your current account until 3 months after the extension you are going to apply for and then 400,000 for the rest of the year.

Then next year you have to show them you never let the account you use for last year's extension fall below the required amounts, and then show them the new account you want to use has the required amount of money as well.

Can I open a fixed deposit account while maintaining my retirement visa requirements in Thailand?

Activity

Related

Resources