Answered6 years ago
Can I qualify for a Thai retirement visa with 1.6 million THB in a joint account?
I'm aware that I must have 800,000 thb in a SINGLE name Thai account to qualify for a retirement visa, funds transferred from overseas. I've heard its also acceptable to have 1.6m thb in a JOINT name Thai account, funds transferred from overseas. Has anyone actually done this? Thanks
Answer summary
To qualify for a Thai retirement visa, the general requirement is to have 800,000 THB in a single-name Thai bank account or 65,000 THB monthly income. Some users mentioned that it might be possible to use a joint account with 1.6 million THB, but experiences vary by immigration office, with many recommending the safer route of maintaining funds in a single account to avoid complications. Proof of overseas funds may only be necessary for initial visa applications, while extensions depend on funds being seasoned for at least two months. It's suggested to consult with your local immigration office for specific policies.
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Sparky *******
Each year I ensure I have a minimum of Bht 800,000 in my named account for 3 months before applying for retirement visas for my wife and myself. No problems for the past 3 years
Wayne ********
Why would you want it in a joint account? Why not 2 accounts, 1 800 separate for immigration, another joint to spend from
Tod *********
@Wayne *******
I think it's not that he wants it in a joint account it's that now he HAS a joint account.. Wayne ********
@Tod ********
so open a separate..reduce problems later
David ************
Just curious of the Op’s second comment. He says he’s applying for a “NON O VISA” in England. I thought that was only possible to get in country in Thailand.
Paulus *********
Tod Daniels .
Wonder if you could advise me. I plan to retire in Thailand, I have sold my house but funds won’t be in my account until 1/3 . I plan to leave the
Wonder if you could advise me. I plan to retire in Thailand, I have sold my house but funds won’t be in my account until 1/3 . I plan to leave the
*****
***
. I plan to leave the 800000 in my Thai account, what will be best way for me to get a retirement visa? Go there on a tourist visa and try when there or apply here in uk? TIA Tod *********
@Da***
you can apply for a 90 day Non-O at a thai consulate before you come here no problem. They have been issuing them based on marriage to a thai and now they are doing them based on retirement too.
Erik *********************
No matter what.. in your name alone, Don’t involve a Thai into this, You and Only You alone.
Play it safe and Don’t get robbed.
To many ‘idiots’ have burned their fingers and wallets on this before, so learn from those who tell you NO WAY😉
Have a good day🙏
Play it safe and Don’t get robbed.
To many ‘idiots’ have burned their fingers and wallets on this before, so learn from those who tell you NO WAY😉
Have a good day🙏
Adri ********
They told me only one name no joint account immigration Ch Mai
Benjamin ******
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Pete ***********
I did for years with ex wife solved the need for a will.
Reiner *********
Don’t do a shared account ...to avoid problems
Mark ************
I think you’d be best going for 800k in a single name.
Why over complicate without reason?
Why over complicate without reason?
Anne ********
@Mark ***********
if he opens a personal account ie only him, and he gives his partner an ATM card, she can draw out the amount she wants
Guy ***********
@Mark ***********
the reason for a joint account with 1.6m฿ is that should he die his account partner is able to access the money for living.Tod *********
you have some of your wires crossed. You only need to show the funds originated from overseas at some immmigration offices when you are applying for the initial 90 day Non-O visa.
Getting a year extension does not require proof of origin of funds, only that they're seasoned the 2 months before you apply
NOW as far as your question can you have double the amount in a joint account, that is between you and your immigration office. SOME allow it but some don't, so check with them well before you're going to apply for what ever you're doing.
Getting a year extension does not require proof of origin of funds, only that they're seasoned the 2 months before you apply
NOW as far as your question can you have double the amount in a joint account, that is between you and your immigration office. SOME allow it but some don't, so check with them well before you're going to apply for what ever you're doing.
Ian *******
@Tod ********
as someone who is looking at retirering in Thailand in the next few years I find your Comments and Answer to Questions straight forward and easy to understand. All the Questions and answers are much appreciated Tod.
David ******
OP@Tod ********
Thanks. I'm applying for the non o visa in England. The requirements are £10,000 in a UK account for 3 months. I will then apply for the retirement extension once I'm in Thailand and was under the impression the 800,000 thb should come from overseas? It would be easier if it could come from my joint name account in Thailand to my single name account in Thailand but I have been told by a lawyer that this isn't allowed?Tod *********
Sadly
There is no proof required that the 800K baht originate from abroad when applying for the yearly extension from a Non-O visa. You could certainly transfer the money from the joint account to one in your name only without any issue and as long as it's seasoned the 2 months before you apply for the extension you should be fine.
Now as far as whether your office will accept a joint account with double the required amount, that is between you and them. As I said, some will and some won't
@Da***
sounds to me like that lawyer is not all that clued in on extensions of stays. :/ There is no proof required that the 800K baht originate from abroad when applying for the yearly extension from a Non-O visa. You could certainly transfer the money from the joint account to one in your name only without any issue and as long as it's seasoned the 2 months before you apply for the extension you should be fine.
Now as far as whether your office will accept a joint account with double the required amount, that is between you and them. As I said, some will and some won't
David ******
OP@Tod ********
thanks for the adviceActivity
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