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Can I switch from the 800k method to the 65k income transfer method for my visa renewal in Thailand?

Visa ExtensionThai Immigration800k Method65k Income MethodFinancial RequirementsExpat CommunityVisa Rules Thailand
May 30, 2024
6 months ago
Barry ********
ORIGINAL POSTER
Hello, I've been using the 800k method of applying for visa extension for 2 years and I'm midway through my latest year, using this method, no dramas. I have more than enough to cover the 800k which has remained untouched for 2 years but I would like to utilise this, rather than it sitting there looking at me, earning no interest. I have other rainy day money if needed for emergencies, thankfully. If I want to switch to the 65k method, can I start making these monthly income transfers now (May 2024) and switch to the 65k income method when I apply for my next extension in December 2024 or do I have to show 12 months worth of 65k transfers regardless of the 800k + I have in my Thai bank accounts. This would mean I could not apply to start the new method until December 2025. I know only immigration can tell me this, mine is in Jomtiem, so no need to mention this but looking for general advice about timing etc. Thanks
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TLDR : Answer Summary
The user seeks advice on transitioning from the 800k method for visa extension to the 65k income transfer method in Thailand. They inquire whether they can start making monthly income transfers now, and apply the new method when their extension is due in December 2024, or if they must demonstrate 12 months of compliant transfers. Responses indicate that to switch methods, one must show a full year of 65k monthly transfers at the time of application.
Steven ************************
Why don't the banks pay a competitive interest? Is it just because they don't have to?
6 months ago
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John **********
@Steven ***********************
 Different country Different rules. The central bank rate is 2.5%
6 months ago
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Jos *********
@Steven ***********************
 I suppose you answered your own question
6 months ago
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Jos *********
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Richard ********
6 months ago
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Paul ********
Visit a visa agent, that will free up your money.
6 months ago
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Barry ********
ORIGINAL POSTER
@Paul *******
 but I like to keep it nice and legal under my control. Once you go on the dark side I understand it's not easy to change back to do it yourself.
6 months ago
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Paul ********
@Barry *******
 using an agent is not illegal. In Thailand it is just business. If the authorities decided it was illegal to use an agent, then they would have to prosecute half of the expats living here. However, make your own mind up and do what you are comfortable with.
6 months ago
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Barry ********
ORIGINAL POSTER
@Paul *******
 it's not illegal as I understand it but can cause problems when you try to do it yourself after you have used an agent
6 months ago
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Barry ********
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Andrew ********
Don't forget to factor in the new tax laws. Any income coming into Thailand over
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0thb is now subject to taxation. Your
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0thb will now be taxed.
6 months ago
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Nick ************
@Andrew *******
 no it wont
6 months ago
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Tobben ********
@Andrew *******
 Still wants more and more of the foreigners money, more and more. What's next, 50% of foreigners pension and all what they leave when and if they die there ? THAILAND is not the country of smile its the country of greed...The smile never reach their eyes..
6 months ago
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Nick ************
@Tobben *******
 they are welcome to whatever I have in Thailand when I last on. If you think they are greedy bugger off somewhere else and stop complaining.
6 months ago
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Tobben ********
@Nick ***********
 I have already bugged off,i stay in Philippines.I have a 4000 m2 nice property, nice big house,grocerystore,60m2 swimmingpool, 3 cars,2 mc's at the cost of 50% compared to Thailand. Much cheaper,same conditions .Christian people,not so much greed ,driving on the right side of the road and they all speak english ! Ofcourse after 22 winters in Thailand i like Thailand too,but for me Philippines are much better ! And the good thing,when i die my philippine wife and our son will inherit me,not the state !
6 months ago
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Nick ************
@Tobben *******
 I'm glad to know you have found somewhere you are happy.
6 months ago
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Barry ********
ORIGINAL POSTER
@Tobben *******
 sounds idyllic, enjoy 😊
6 months ago
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Barry ********
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Andrew ********
Couldn't agree more m8. I feel the Phillipines calling.
6 months ago
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Andrew ********
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Barry ********
ORIGINAL POSTER
@Andrew *******
 I understand money transferred for visas will not be taxed but hey what do I know 😉
6 months ago
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Tulip ********
@Andrew *******
 double tax agreement
6 months ago
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Andrew ********
Hi Julie. I'm from the UK so for the first £12,500 I don't pay tax so on my pension now I will have to pay tax. I think a lot of agents are going to be put out of business. With the CRS agreement Thai authorities can now access your bank accounts. They will want to see your Thai bank accounts for 12 months too. If one used an agent for ones
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0thb deep trouble for expats!!
6 months ago
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Andrew ********
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Tobben ********
I did it simple,i stay in The Philippines.
6 months ago
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Tulip ********
@Tobben *******
 why write on here then, are you lost or just nosey?
6 months ago
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Tobben ********
@Tulip *******
 I like to make stupid comments just like you. I have stayed 22 x 3 -4 months in Asia since 1999 and i got tired of all the requirements needed to finance Thailands tourist industry.They should be grateful that people visit their country and feed 20% of the countrys industry.
6 months ago
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Tobben ********
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David *******
It has to be 12 full months of international transfers of at least 65k without dropping below that in any month.

Some Immigration Offices can ask for proof that it is pension income.
6 months ago
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Steve **********
@David ******
 it's only care if it's Foreign sourced.

If it drops below 65k, and you have savings account with steady balance making up the drop, it's fine.

* 800k nested.

* 65k per MO ( FTT ).

* Combinstion of both.
6 months ago
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Steve **********
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Dave **********
In a Thai bank am not sure if the interest on
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0 would be worth worrying about! It’s only about 1% isn’t it?
6 months ago
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Steve **********
@Dave *********
 ya !
6 months ago
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Dave **********
@Steve *********
 not sure mate! Maybe once you have your visa you can transfer it to the UK or somewhere, but the bank charges to transfer over there and back when you need to renew, these days are over the top and may not be worth it
6 months ago
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Steve **********
@Dave *********
 you misunderstood. Sorry.

I have pension and SS Direct deposited in Thai acct. I dont transfer back.

The DD funds aren't pnested, once deposited, free to use, withdraw, ATM or donate as long as DD is deposited from abroad the next month.
6 months ago
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Steve **********
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Paul ********
@Dave *********
 I am getting 5% in a short term account. You may only get 1% in Thailand, but I think that is his point.
6 months ago
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Barry ********
ORIGINAL POSTER
@Paul *******
 which Thai account please 🙏
6 months ago
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Barry ********
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Graham ******
@Dave *********
 The 800k is not for life, a maximum of 6 months then 400k for 7 months while depositing 65k a month to transfer to this method
6 months ago
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Brook ********
@Dave *********
 you can earn up to 2.5% interest in a Fixed Deposit account, which is perfectly acceptable to immigration.

It’s not 5% or 12%, but it’s better than nothing.

I would not be comfortable relying on my bank to transfer ฿65,000 every month, without fail, and therefore putting my visa status at risk.
6 months ago
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John ********
@Brook *******
 2.5% on 800k gives you 20k THB a year, that'll nearly pay for an agent to do your visa, saving you all the headache of doing it yourself. Waiting now with bated breath for all the replies from the righteous expats who seem to have a problem with guys using an agent.
6 months ago
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Paul ********
@John *******
 I used an agent, it saved me money in the long run and I contributed to the Thai economy.
6 months ago
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John ********
@Paul *******
 Whichever way you get a visa extension you are still contributing to the Thai economy. As long as your self sufficient and can prove you have a regular income of some sort, that's what matters. Years ago, the amount of money you had to have in a Thai account was only 200k, or 20k a month income. Then they decided I presume to increase it by four times and I reckon they based there new rules based on Americans who have a lot more disposable income than most pensioners from other countries.
6 months ago
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John ********
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John ********
@Brook *******
 If your from the UK., the DWP., which is the government dept., that pays your pension, if you give them details of a foreign bank they'll pay your pension into that account. You don't need to transfer it from a bank in the UK.
6 months ago
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Lee ***********
@John *******
 only problem with telling DWP and giving your account is, don't they freeze the yearly increase! I know they did to friends in France a few years back. I'd get paid in the UK and handle my own affairs
6 months ago
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John ********
@Lee **********
 By the way, the freezing of some pensioners pensions but not others is discrimination all day long. I've sent numerous emails to politicians about this and also been in contact with the ICBP, (International Consortium of British Pensioners) on this subject. Also had a to and fro., with a Minister named Guy Oppenmer about this, but falls on deaf ears. In my opinion if you've paid in all your working life you should all be entitled to the annual increase, or nobody living overseas should. Also in my opinion for what it's worth, the triple lock should only be paid to people who only have their state pension as income. Anyone who has other private pensions should get only the 2.5% increase every years regardless.
6 months ago
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John ********
@Lee **********
 A few years back and for three years after the UK left the EU, British pensioners living anywhere in the EU got the annual pension increase. There's probably thousands living outside the UK that are using relatives addresses in the UK and not declaring that they live overseas. Hypocrisy to slack people off for using agents and maybe on the fiddle themselves some of them.
6 months ago
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John ********
@Lee **********
 yes, they'd freeze your pension. I find it ironic that there are some expats that have a problem with guys that can support themselves, but do not have the financial requirements to obtain an 'O' visa extension, but maybe some of the guys that ridicule them are getting the annual pension increase on the fiddle.
6 months ago
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John ********
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Brook ********
@Barry *******
 Can you guarantee it will arrive on the same day each month?

Are you willing to bet your visa on it?
6 months ago
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Robert ****
@Brook *******
 The only requirement for the 65k is FTT monthly.
6 months ago
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Barry ********
ORIGINAL POSTER
@Brook *******
 I sure can, to the exact second on the same day each month, although I wasn't aware there was a requirement to transfer it on the same day each month ? Perhaps someone can confirm please.
6 months ago
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Graham ******
@Barry *******
 It has to every month, the day can be the 1st to the 31st and different every month. All that matters is the month not the date.
6 months ago
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Barry ********
ORIGINAL POSTER
@Graham *****
 thanks for clarification
6 months ago
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Barry ********
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Barry ********
ORIGINAL POSTER
@Brook *******
 sounds good. I would transfer the money myself like I do already for other things and I'm good with that. Each to their own
6 months ago
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Barry ********
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Rene ********
@Dave *********
 orless
6 months ago
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Barry ********
ORIGINAL POSTER
@Dave *********
 it's not the interest that bothers me, I could use the 800k to put a payment on a house, buy a car and stuff like that. With modern IT, in an emergency, you can get money wired here in seconds, literally. Good question tho
6 months ago
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Barry ********
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Joseph *********
Carnt yiu still do it by affidavit from

Made at the Australian embassy in BKK
6 months ago
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Steven ***************
@Joseph ********
 . Australia stopped doing income affidavits 4 years ago.
6 months ago
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Joseph *********
I still have about
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00 in a Thai bank ...pre covid....but have used some in Australia.
6 months ago
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Joseph *********
@Steven **************
 thanks.

I used to do that before covid.

Does the deposit now have to be into a Thai bank.
6 months ago
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Steven ***************
@Joseph ********
. Extension done inside Thailand yes. Visa done outside Thailand no
6 months ago
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Joseph *********
@Steven **************
 thanks. I obviously am out of touch.

Thinking of going back to either CM were i was or Jomtien. Some good apartments available
6 months ago
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Steven ***************
@Joseph ********
 . You can actually use the Thai bank account balance to get a retirement visa from inside Australia before heading back there. I've used it for a spouse visa outside Thailand which has similar money rules.
6 months ago
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Joseph *********
@Steven **************
 thank you.

I hear the health insurance amt has been lowered.
6 months ago
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Joseph *********
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Brandon ************
In order to switch to the monthly transfer method, you must be able to show 12 months in a row of the transfers at the time you apply for your extension (not when your previous extension ends, when you apply). If you can't show that they'll expect the 800,000 again.
6 months ago
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Barry ********
ORIGINAL POSTER
Thanks. I understand about the seeding but my point is when I come to try and swap over to the 65 method, subject to approval, do I have to get back up to 800k at the time of renewal in December 2025 and if I do get approval to change, can I take the 800k out. Thanks
6 months ago
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Glenn *****
@Barry *******
 recommended but in my case they did not check and I had 0. If you have the 800K best to hold on to it until you get the new extension.
6 months ago
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Barry ********
ORIGINAL POSTER
@Glenn ****
 cheers Glen it's not totally clear like a lot of things over here 555
6 months ago
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Glenn *****
@Barry *******
6 months ago
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Barry ********
ORIGINAL POSTER
@Glenn ****
 great information, something to show my bank when they don't understand what I'm asking for again !!!
6 months ago
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Barry ********
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Steve *******
@Brandon ***********
 thanks. Very useful.

I’ve already started the monthly transfers but won’t be able to use on my first extension. Anything specific the bank book needs to say about the 65k (I actually have 69k to avoid currency fluctuations)
6 months ago
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Glenn *****
@Steve ******
 you will need a letter from your Thai bank listing the 12 foreign deposits
6 months ago
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Barry ********
ORIGINAL POSTER
@Glenn ****
 really? How come ? If I'm transferring using Remitly for instance, are those details not good enough?
6 months ago
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Glenn *****
@Barry *******
 it will always be at the whim of immigration. I just recently did this at Jomtien and they required the letter from the bank which takes a week. Immigration checked every detail of the letter/statement which had to be in a particular format.
6 months ago
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Glenn *****
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Graham ******
@Steve ******
 it must show as an international transfer
6 months ago
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Graham ******
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Barry ********
ORIGINAL POSTER
@Brandon ***********
 really helpful chart thanks
6 months ago
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Barry ********
ORIGINAL POSTER
@Brandon ***********
 also am I right in thinking that you can touch the 65k each month and spend it after you have transferred it each month.You just have to demonstrate via the 12 months statements that you have transferred the 65k as a minimum each month. Thanks
6 months ago
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Brandon ************
@Barry *******
 yes you can do what you'd like with it after it's transferred
6 months ago
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Barry ********
ORIGINAL POSTER
@Brandon ***********
 thanks for the confirmation. One last point please. So I start making 65k transfers in November 2024 but applying this year in December 2024 using the 800k method. Assuming I do monthly transfers up until December 2025, do I still need to show the 800k when I apply in December 2025 ? I assume once / if the visa is extended then and it is confirmed I can use 65k method, I can withdraw the 800k if I wish. Thanks
6 months ago
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Will ************
@Barry *******
 you will have to leave the 800k for 3 months after extension date and not go below 400k until your next extension using monthly transfer method
6 months ago
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Will ************
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Barry ********
ORIGINAL POSTER
@Brandon ***********
 thanks I thought so. In my case then to be safe, I should start the 65k thing in November 24 and apply in December 25, showing the 12 or 13 months statements when I apply for the extension in December 2025. I should have said I'm from the UK, sorry to confuse my Aussie brothers on here.
6 months ago
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Barry ********
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