Can I switch banks while maintaining the required funds for my Non O retirement visa in Thailand?

Non O visa retirement visa Thai banking visa extension minimum deposit requirement bank transfer rules immigration regulations

Dec 19, 2024

2 days ago

Alan *********

ORIGINAL POSTER

Hi,

Hopefully I can get some guidance here and this is not a repeat question ... I have searched but ......

I am on a Non O retirement visa using a bank deposit ... vs a pension.

Can I change banks if at all times I maintain the minimum THB400,000 deposit in the post 3 month period of my visa extension. ... as in I initially have two accounts with THB400,000 plus in them and then drain the old to fill the new.

So at my next renewal I will have statements from two different banks covering the 12 month period but collectively meeting all balance requirements. 

Logically that seems ok to me but I know the system has its own intricacies!

I hope that makes sense. Thanks in advance.

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TLDR : Answer Summary

The user inquires about the possibility of changing banks while on a Non O retirement visa in Thailand, specifically regarding maintaining the required minimum deposit of THB 400,000 across two accounts for their visa renewal. They plan to transfer funds between banks while ensuring compliance with immigration rules. Responses suggest it is feasible but recommend consulting with the local immigration office to avoid any potential issues.

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.
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Ellie *******

Yes, it's possible if you do carefully. As you say, you need documents from two branches for next application.

BUT,

better to talk with your local immigration office before you move money. Some offices don't prefer those steps. Some don't have issue for you to do that way.

Make sure you will be prepared in advance.

2 days ago

Stuart ***********

Why not simply keep your account with the 800k in and open a new account elsewhere for daily use?

I have 2 accounts like this and it makes things simpler for the annual extensions.

2 days ago

Reply to

Stuart ***********

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Can I withdraw my funds from a Thai bank account after meeting retirement visa requirements?

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