Can I switch from a monthly income option to an 800,000 Baht deposit for my retirement visa in Thailand?

@David *******

is that going to work? A DTV "soft power" option, like other options for that visa have to be genuine. One guy applied on the basis of having made an appointment with a Thai doctor for a general consultation. His application was denied and was told something to the effect that his medical reason had to be a specific medical condition. As for leaving Thailand and returning to get another 180 days, is there any information to confirm whether or not there's a requirement to have further appointments or treatments for a specific medical condition? The DTV is barely 5 months old & while some hold a DTV having a business may have come and gone out of Thailand and returned, they're continuously running their business. A "soft power" option may be a different kettle of fish.

@Bettina *********

what would you know, sadly not much

@Jay *********

then how do you show 12mnths bank statement on visa renewal, where the deposited amount must not fall below 400k.

This is highly illegal in Thailand but usually pays off. Risk being banned from Thailand if corruption is used??? Risk it if you like. Why not apply for your O retirement visa in your home country e.g. Thai Embassy in Canberra. Once you qualify there is no restriction upon receiving your visa you can then do what you like with the Bt800,000 that's in your Australian bank when you do get to Thailand and it can be good for 2 years. It will be a multi-entry entry Thai retirement visa visa. You need a medical, a police report and an original statement from your bank showing you have the Bt 800,000 in the bank, not photocopies only original bank statements also an application form all signed by a JP and about Aus $300 at the Thai Embassy. Canberra. It took me one week from Perth Australia 2 times. Look up the Thai Embassy website. It's available from most countries Embassy.

@Jay *********

cost?

Maybe if $1000 either way is putting you off

Probably shouldn't do it

@Dave *********

why Danang?

Try these they will solve your issues.

@Neal ******

500,000 to 600,000 baht…

@Brandon *********

the exchange rate is bad. The baht has weakened against the American dollar which also affects the Aussie dollar.

@Brandon *********

is

@Brandon *********

exchange rate is terrible , Thai baht is too strong. Has improved in the last week but still no good

@Dca ****

I was disgusted when that decision was made. It really stuffed many retirees around, forcing them to return to Australia to get their paperwork fixed. Really messed people about. So much for service from ones government.

@James ********

the mighty Thai Baht is never weak anymore . However bad the economic news it hardly budges . Seems nothing can make it drop SIGNIFICANTLY … hasn’t been weak for years and years .

@James ********

I'd be carefully here. The THB0 has remain in your bank 6 months before and after. With a 1 year OA the money will have to stay there. The rules were changed either during or just after the pandemic.

You can always wait until the exchange rate is to your satisfaction and move to Thailand then... It's such a pitty things don't just fall into your lap the way you want it hey? Just bare in mind that the rate can be even worse the longer you wait...I suggest you buy bars of golds, hold on to them until they wort more and then try to deposit them in the Thai bank account instead of money. I'm sure that would work....😉

@James ********

Then he'd be required to use an agent again next year because he can't show a 12 month bank statement that shows he met the requirements this year. Then the cycle goes on and on paying an agent every year

@James ********

It will improve when peak tourist season is over.

@Graham *****

it's a good easy option to get started and all done in your home country first + a re-entry permit 👍👍

Come on then Tim, prove me wrong

@Brandon ***********

do you have any insight as to why the 12 months of THB is not accepted for the initial Non O ?

@Brandon ***********

hi Brandon, I am aware Australian Embassy no longer verifies income for retirement purposes. I was hoping to start to transfer 65k thb per month from WISE as an 'international' transfer. I have seen advice this may work. Are you definately saying it will not work? I am hoping to follow option '3' shown below.

Must provide the following documents for the above financial requirements:

1. In the case of the security deposit, you will provide an updated bank book or passbook together with a bank letter stating that the money had been deposited to the account from an overseas source not less than 2 months prior.

2. In the case of a monthly income of at least 65,000 THB, a letter from your embassy in Thailand verifying your monthly income.

3. In cases where your embassy does not issue an income letter, you can provide a 12-month bank statement showing a regular deposit of 65,000 THB into a Thai bank account.