Answered5 years ago

Can I use a foreign currency account for the yearly extension of a Thai non-immigrant O visa?

Non-Immigrant O Visa Visa Extension Bank Account Requirements Financial Requirements for Visa Currency Exchange Rates Thailand Immigration Rules

Steve *******

asked Nov 7, 2021

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I am looking at coming to Thailand with a 90 non immigrant o visa based on being over 50. I would then like to get a yearly extension of stay. The question is about funds in a Thai bank account. I already have an account with Bangkok Bank. As I understand it I could have an account with them in my own currency (UK Pounds). Would this be suitable for the yearly extension as long as it the correct amount, or has it got to be in Thai Baht.

Answer summary

The user is inquiring whether a foreign currency bank account (e.g., in UK Pounds) can be used to meet the financial requirements for a yearly extension of a non-immigrant O visa in Thailand. The community response clarifies that having a foreign currency account is acceptable, provided the funds meet the 800,000 THB threshold at the time of application, noting that the exchange rate used by immigration may differ from current market rates.

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Steve *******

Thanks for the info. I think that has answered my question.

5 years ago

Tod *********

@Ellie ******

brings up a really good point

@Steve ******

(y)

I had an american friend use a US currency account here and when the gurl keyed in the rate (which we had looked at earlier in the day) instead of 30 to one she used 28 to one. He still had enough in his account to cover it, but don't count on them using what ever the current rate is. <- That was the only person who did that,

Before with another friend who had a brit pound account the officer just looked up bangkok bank's exchange rate and used it.

5 years ago

Ellie *******

Just be aware exchange rate the immigration offices use is not the same as the Inter-bank rate..

5 years ago

Ellie *******

Check with your immigration office.. They may have their own calculating rate.. It may similar to that or could be much worse.

5 years ago

George *************

@Ellie ******

I think they may use Bangkok Bank's telegraphic transfer buying rate which as you say is not as favorable to the non-baht currency.

5 years ago

Tod *********

no problem having a foreign currency account as long as when you apply (and during the seasoning time frame) the exchange rate never goes below the 800K threshold

5 years ago