Answered3 years ago
Can I qualify for a retirement extension by keeping the equivalent of 800k THB in a foreign currency deposit account?
Can I keep the ‘equivalent’ of 800k Thb in an FCD account in a Thai bank and qualify for retirement extension
Answer summary
You can qualify for a retirement extension by keeping the equivalent of 800,000 THB in a Foreign Currency Deposit (FCD) account, provided that the account is withdrawable at any time. However, it's advisable to check with your local immigration office, as acceptance of FCD accounts may vary, and you should also consider potential currency fluctuations.
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Ian ********
OPThanks
Will ************
Must be able to access the cash at a moments notice
John **********
You'd also need to be careful of currency fluctuations so best to have a decent cushion
Ellie *******
Basically, yes, as long as that account is withdrawable anytime. But you better check your local immigration office about that before you start. Not all offices welcome foreign currency accounts.
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