Answered7 years ago
Can I use either a monthly transfer of 65,000 THB or maintain 800,000 THB in the bank for my Non-Imm O Retirement visa in Thailand?
Have a Non-Imm O/Retirement visa. My question is, do I have the option of 1. having 65,000 B transfer every month, or 2. having 800,000 B in the bank, or must I have both?
My pension does not equal 65,000 B per month, but I can put 800,000 B in my bank no problem and still receive my once a moth transfer to live on.
My pension does not equal 65,000 B per month, but I can put 800,000 B in my bank no problem and still receive my once a moth transfer to live on.
Answer summary
The post discusses the requirements for maintaining a Non-Imm O/Retirement visa in Thailand, specifically whether one can fulfill the financial criteria by either transferring 65,000 THB monthly or by holding 800,000 THB in a Thai bank account. It is clarified that having either option is sufficient, and the new rules state that if choosing the bank method, the 800,000 THB must be held for 2 months prior to application and at least 400,000 THB for the remaining 10 months after it is granted.
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Tod *********
one last thing, while you might get an immigration officer still quoting the OLD immigration rules about seasoning of funds for retirement extensions (which was 60 days for the first yearly extensions and 3 months for every extension after that) the REAL seasoning requirements now clearly state 2 months prior to your application for extension for ALL applications for retirement extensions using banked money. It doesn't matter if it's first or the 50th.
Tod *********
Okay, we beat that to death pretty fast.. :/
Joe ***********
John Blackie, there is no end to the lack of adherence to the established rules as done by individual Immigration offices. March 1, 2019 the rules changed but that somehow does not keep some offices from applying whatever rules they want to.
Mike *******
Well that went pear shaped quick.best a trip to imm I think.
John *********
My agent in Chiang Mai told me that immigration here wants the 800k in the bank for three months prior.
Tod *********
don't believe everything your agent says
Mike *******
For the banked money method.i keep reading conflicted reports.about the 800k method.is it 2months first time apply.and 3 months at subsequent times.
Mike *******
@Joe **********
so imm rules.are just guidelines.for immigration offices.or officers.so nigh on possible to give concrete advice.best a rider.on all advice check local authoritiesJoe ***********
Yes - find out what rules the local immigration offices have fabricated
Mike *******
So be it.still don't help.people want advice.best to just check with local imm.for peace of mind.
Joe ***********
What Tod and I wrote are the actual Thai Immigration Rules on this subject. It is not a matter of conflict ... it is a matter of some local Thai Immigration Offices doing whatever the hell they want to do. Being arbitrary and capricious on the part of a local immigration office is not a conflict ... it is just piss on the rules - we are the kings of our Immigration office area and we do what ever the hell we want.
Mike *******
Still conflicted views.will check with immigration
Mike *******
@Joe **********
cheers cleared that up.my next ext is march.so transfer 800k in thai account.january.cheers.Joe ***********
Mike I just said that ... there is no 3 month before requirement anymore. After March 1 everthing changed. 2 months before every time, then 3 months after, then 7 months at minimum 400k
Bobby ********
The problem with the lump sum is that it ties up your funds in a Thai bank, as it can never drop below 400k Baht. With the regular income, in theory you can withdraw it the day after it goes in, so your money is more readily available. The best option of course is to apply in your own country, use money in your own bank account, get your two years stay, then have a trip back to your own country, and do it all again.
Mike *******
Cheers Joe.i know the new rules.done 11 extension of stay.want to know when I go for 12 ext of stay.does my 800k have to be in the bank 2 months before applying.or 3months as it's not my first time.ive done it.though it will be the first time on new rules.??
Joe ***********
800k baht in the bank 2 months before applying.
Then for 3 months after the extension is granted.
Then not below 400k the remaining 7 months
Then for 3 months after the extension is granted.
Then not below 400k the remaining 7 months
Mike *******
Joe ***********
@Mike ******
- New Rules issued effective March 1, 2019
John **********
OPIt will always be over the 800k because of my monthly transfer, and if necessary, I can always transfer more., but I live a simple life.
Mike *******
@Joe **********
so it's 2months at any time you renew.Joe ***********
@Mike ******
- Tod is correct on this - as usualJohn **********
OPThanks guys. For me, it is easier to just have the 800k in the bank than transfer every month. As mentioned, my pension is less than 65k, with means I would have to add to it, meaning more transfer fees and the hassle. I can just put the 800k in the bank and leave there until I either leave Thailand die, nether of which I intend doing for awhile yet.
Tod *********
remember with the new changes to the banked money method, you now need the 800K baht in a thai bank account in your name only for 2 months prior to you applying for your extension, that balance has to stay above 800K for 3 months after you get your extension granted (some offices have you come back with an updated bank book to show them after 3 months) and then the balance cannot drop below 400K baht for the rest of the year.
Dominic *****
Either one. So option 2 for you.
Dominic *****
But it has to be in a Thai bank. :)
Tod *********
One or the other
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