Answered5 years ago

Can I switch from the 65k baht/month method to the 800k baht deposit method for my retirement visa extension in Thailand?

retirement visa visa extension 800k baht deposit method 65k baht/month method Thai immigration rules financial requirements for visa

Clifford ********

asked Mar 9, 2022

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Converting from 65k baht/mo method to 800k baht on deposit method for retirement visa. 

I used the 65k/mo method for the first two years. I plan to switch to the 800k deposit method for my visa extension this December. In theory, nobody should care if I abandon the 65k/mo method for a few months right? I just need to have the 800k on deposit at least 3 months prior to my December extension? To be safe that means by September 1 to me.

Answer summary

The user is transitioning from using the 65,000 baht per month method for their retirement visa to the 800,000 baht deposited method for their upcoming extension in December. They are seeking clarification on whether it's acceptable to abandon the monthly income requirement in the interim, emphasizing the need to have the 800,000 baht in their account by September, as they believe it should be there for three months prior. A commenter noted that the current immigration regulations require the 800,000 baht to be in the account two months before the extension application, reflecting changes made in 2019.

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Tod *********

using the banked money method your 800K baht needs to be in your account 2 months before you apply for the next extension (not 3 months, the rules changed in 2019)

The operative wording in your question is "in theory" is the part ONLY immigrations will know.

My 2 satang's worth, you're correct you COULD abandon the 65K baht a month incoming transfers (seeing as you're not using that for the next extension you are applying for)

and

you wouldn't jeopardize the extension you're on now because you showed 12 months transfers when you got that extension

BUT

Will immigrations see it that way? dunno.

Before you stop bringing in the 65K baht a month I'd sure go and ask them AND make a note (or take a photo 😉 ) of the person who answered you

5 years ago

Tod *********

I would say it'd work BUT I'm not an immigration officer stamping extensions into passports 😉

5 years ago

Robby ************

when I changed from affidavit to 800k they wanted to see my prove off income 65 K

5 years ago

Clifford ********

@Tod ********

Yes, immigration is like a box of chocolates. You never know.......😉

5 years ago

John **********

@Clifford *******

why not derisk it and continue to send the 65k a month and put it towards the 800k? The 800k has to stay in your account for 3 months after acquiring the extension so your going to need a bit extra anyway (and can't drop below 400k at any point)

5 years ago

Clifford ********

@Tod ********

Thanks, Tod. Yes, I chose the words "in theory" intentionally with your thoughts in mind.

5 years ago