Answered3 years ago
Can I spend my funds after my retirement visa has been approved?
I had 800,000 bhat in Bangkok Bank 60 days before arriving on June 15th. It's now exactly 90 days after arrival. Can I spend money now or the date my visa was reproved? I had to enter the country before my yearly visa expired on June 23rd. The visa was approved on the 21st.
Answer summary
The community clarified that to maintain the retirement visa requirements in Thailand, one must keep 800,000 baht in the bank at least two months before applying for an extension and for three months after the visa has been approved, without dropping below 400,000 baht for the rest of the year. For those considering a marriage visa, the requirement is 400,000 baht, needing to be maintained two months before applying, but there's no specified minimum after approval. A suggestion was made for having a fixed deposit account to simplify adherence to these financial mandates.
18 repliesnewest first
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Terry ********
And how about a marriage visa ? I know its 400k , is there a limit that it can not drop below after the extension is granted ?
Evan ********
@Terry *******
no. Just has to be in 2 months before applying if it’s the 400k banked method and possibly 1 month after till you get your stamp
Eric *******
Question: would it not be easier to just have an account for fixed deposit of 800k Bahts for the year (or longer), without worrying about it dropping below 400k? Would this meet the requirement for applying and renewing (reapplying) for Retirement Visa? Then have a separate account for everyday use.
Chris *******
@Eric ******
yes that is a good safe plan, for those that have the means to do so.
Mike ******
Just read Brandon statement.. very clear
Derek ***********
@Terry ******
excellent share
Tony *********
Aren't you supposed to keep the money in the bank 3 months after approval and only allowed to spend half of it before you have to top it back up to 800k 2 months before your next extension?
Graham ******
@Tony ********
Yes, if you're using the 800k method for your subsequent extension and maintained at 400k if you're switching to the 65k monthly methodTrudi *******
@Graham *****
What happens if you happen to use more than 400K? 🙏Trudi *******
@Graham *****
thank youGraham ******
@Trudi ******
If you fall below the 400k at any time you've broken the conditions for the extension and have to start again with a new Non-O (90 day) the following year not an extension againBrandon ************
The rule is the money must be at 800,000 2 months before you APPLY (not before your extension ends) and 3 months after your extension (not after arrival in Thailand). Then it cannot drop below 400,000 the rest of the year.
Dudley *********
OP@Brandon ***********
thanksDudley *********
OP@Brandon ***********
thanks. Then I have six more days.
Joann ********************
@Brandon ***********
Is it 2 months before Non O then all throughout your first 90 Days then you get a one year extension and can then go down to 400,000.00? That’s a total of 5 months All this time deposits of 65,000.00 for deposited money if you want to changed to deposit methodBrandon ************
@Joann *******************
yes that's correct.Joann ********************
@Brandon ***********
🙏 Thank YouActivity
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