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Can I use AUD in a Thai bank to meet the 800,000 THB requirement for my Non-O extension?

Non-O Visa Visa Renewal Financial Requirements Thai Bank Accounts Foreign Currency Accounts Immigration Procedures

Aug 11, 2018

6 years ago

David **********

ORIGINAL POSTER

Just a quick question, With the 800,000 bhat I need in the bank for the renewal of my non0 extension based on being over 50,

Can the money be in Australian $$ in a Thai bank and seasoned for the 3 months?

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TLDR : Answer Summary

Inquiring about utilizing 800,000 THB in a foreign currency (AUD) deposited in a Thai bank for the renewal of a Non-O extension based on age. Responses clarify that it is possible to use a foreign currency account to meet financial requirements, but the amount will need to be converted to THB for official confirmation. It is suggested to ensure the amount meets the value in THB based on the worst exchange rate encountered.

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Marty *********

If you deposited it a Thai bank isn’t it automatically Thai baht?

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David **********

ORIGINAL POSTER

@Marty ********

cheaper and can change when needed and the bhat is not so strong😊

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Marty *********

@Valère ************************

Right now I am just transferring my monthly pension income. If I was to transfer a large amount to say, buy a condo, then I would have to look more closely into the intricacies of foreign currency transfer fees.

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David **********

ORIGINAL POSTER

@Valère ************************

always good to know. We all have different experiences regularly here

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Valère *************************

@Marty ********

I understand but being misinformed or uninformed could end up very costly. Again, depending your situation. Just happy to share my experience. That's all 😉

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David **********

ORIGINAL POSTER

@Valère ************************

too complicated for me, I like to keep it simple

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David **********

ORIGINAL POSTER

Marty Pollard yes normally you can have 2 accounts 1 with This bhat and with your own currency

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Marty *********

OK. I've not heard of multi-currency accounts. My bad. I just transfer transfer money from the US monthly and pay the $35. I supposed at this point I could transfer larger amounts less frequently.

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Valère *************************

David Mcmillan I'm more talking about an international multi-currency account. In HKG I have 12 currencies in 1 account and I can send/receive from/to 90% of countries in the world. In Thailand they don't allow that or they take a rediculously high fee. Thats why i said: check the small print.

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David **********

ORIGINAL POSTER

@Valère ************************

I checked already with them and is fine

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Valère *************************

@David *********

yes that's what Ixm talking about. The procedures vary from bank to bank in TH but this is it.

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David **********

ORIGINAL POSTER

Marty pollard Not if you open a foreign currency account

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David **********

ORIGINAL POSTER

@Valère ************************

Krungsie bank offer a separate account for foreign currency,

Only if you have another bhat account,

So you can transfer your own money and withdraw and change when the exchange rate is better,

Not the bank rates but outside rates

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Valère *************************

On a regular savings or current account yes but some banks offer multi-curreny accounts also (under strict conditions and I strongly recommend reading the small print) I for one would never do it in Thailand but keep my multi-currencies accounts in HKG and/or SGP. as always, get well informed before. In the endtl depends on your situation and your own private priorities.

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Valère *************************

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Tod *********

It is totally acceptable to use a foreign currency account to meet the financial requirements when you're applying for a yearly extension of stay. (y)

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Valère *************************

Better make sure it adds up to 800k thb against the worst exchange rate ever as that's what immigration will use to check the value.

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Valère *************************

@David *********

There you go. Just wait till one if the admins respond... it's weekend so maybe takes a bit more time.

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David **********

ORIGINAL POSTER

I have been here since the middle of last year and it's changing, yes

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Valère *************************

David Mcmillan They used to accept it for sure as long as it comes out 800k when THEY do the math.

BUT my info is a bit dated so better wait till you get some more feedback from people who did it recently. Things tend to change overnight here sometimes so I'm getting carefull with giving advice. 😉

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David **********

ORIGINAL POSTER

I can cover that OK, just didn't want to transfer in bhat as the bhat is too strong at the moment

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David **********

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Ady *******

Yes but you will have to covert it to bhat when you ask for a letter confirming you have had this amount in a Thai bank for three months .

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David **********

ORIGINAL POSTER

Yes was the same my first extension, thanks

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Ady *******

Also the letter states it have been in a Thai bank for the three months before .

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Ady *******

@David *********

yes ,I pay 100bt for the letter ,I have money in a fcd account in pounds ,the bank then converts it to bhat the day before I go to Imigration .

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David **********

ORIGINAL POSTER

The bank can give the letter of confirmation and the amount of in Thai Baht at the date of seasoning, is that what you mean?

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David **********

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