ask
Search
Ask
Answered6 years ago

Can I switch from the 800k banked method to the 65k monthly income method for my visa compliance in Thailand?

Daniel *******
asked Jul 7, 2020
673
views
2
replies
3
likes
Has anyone ever attempted to switch methods of compliance from the 800k banked method to the 65k monthly method? If so, when did you do so? Was it at new extension time, or has anyone tried it during a 90 day report? Is it possible to do half-way through an extension period(year)?
Answer summary
The conversation discusses the feasibility of switching visa compliance methods in Thailand from the 800K baht bank deposit method to the 65K baht monthly income method. One commenter notes that theoretically, after choosing a method for a visa extension, you must adhere to its requirements for the entire extension period. Specifically, if you initially used the banked money method, you must maintain the required balance for three months and not dip below a certain threshold, even if you start receiving the monthly income thereafter.
2 repliesnewest first
2

Click comment and we will ask for your email, then OTP, then name.

Tod *********
Tod *********
IN theory (since the new requirements for banked money went into effect) you would be required to follow the terms of the original extension (as in if you used banked money method you would need to keep your 800K baht IN the account for 3 months after your extension was granted AND then not let the balance go below the 400K baht threshold) for the WHOLE year extension term.

That means even if you were bringing in 65K baht a month because you're switching methods from banked money to monthly income you would still need to follow the terms of the banked money extension

AND you'd need 12 months of a minimum 65K baht transfers in to use it for a year extension.
Daniel *******
Daniel *******
OP
@Tod ********
Yeah, that kinda does make sense, doesn’t it? Almost uses contract law as precedent i.e. lease agreements.

Activity

2 joined
Daniel *******
Daniel *******
2
people
Thai Visa Advice and Everything Else
Thai Visa Advice and Everything Else
...members60% approval
Member 1
Member 2
Member 3
Member 4
Member 5
Member 6
Member 7
Member 8

Related

25
Can I leave Thailand after getting a non-O visa extension, or do I need to stay?
1.1k5203mo
What happens if you’re late with a 90-day TM47 report on a Thai DTV visa and return to Thailand later?
481345mo
Do you need to leave Thailand every 3 months on a DTV visa, and can you do a quick border run?
4.7k35628mo
Should I renew my Muay Thai course for my DTV visa in Thailand after it lapsed?
1.8k17108mo
What is the validity period for a retirement visa before entering Thailand?
1.4k11109mo
Should I keep my funds in the bank account after receiving a Thai DTV visa?
5.4k47441y
How long do I need to maintain the 800k deposit after my retirement visa approval if I'm switching to the 65k monthly method?
2.8k20341y
What happens if I don't report my 90-day visa requirement while on a DTV visa in Thailand?
2.6k22161y
What is the correct time frame for the 12 monthly statements when applying for an extension based on the Non-O over 50 visa in Thailand?
877561y
How can I successfully extend my Non-O Retirement Visa using proof of funds from abroad in Pattaya?
643342y
Do I need to prove overseas funds and maintain a minimum balance for a Non-O extension in Thailand?
1.3k6142y
Do we need to make a 90 days report with a DTV Visa?
890142y
What is the duration and validity of a NON O e visa for Thailand?
1.2k242y
Can I switch from a Non-O retirement visa bank method to the monthly deposit method without an affidavit?
3.1k13572y
Can I apply for a 1-year extension on my Non-O visa based on monthly income before it expires?
1.6k9183y
What are the requirements for switching from an 800,000 THB retirement visa to a 65,000 THB monthly income visa in Thailand?
1.7k8173y
What happens if I don't comply with OA/OX visa conditions like insurance and banked money?
835544y
What are the chances of a US citizen receiving a 30-day extension on a 60-day Thai tourist visa, and can I return to Thailand shortly after visiting Vietnam?
9914104y
Can I apply for a tourist visa in Thailand if my 1-year business visa has expired?
638255y
Can I cancel my outbound ticket after entering Thailand visa exempt and how do I extend my visa?
675265y
Can I switch from a 6-month Smart Visa to a 60-day COVID extension without canceling the Smart Visa first?
402115y
Do I Need to Go to Immigration for My 90-Day Report After Renewing My Passport?
941567y
What are the new income proof requirements for the Non O-A visa in Thailand?
1.6k9187y
Can you extend an OA visa acquired in the UK while still in the UK?
1.9k1858y
Do I need to file a 90-day report if I'm on an ED Visa with a 3-month extension?
1.4k1238y

Resources

Need help with your Thai visa?