Can I use funds from two accounts totaling 800,000 baht for a retirement visa extension in Thailand?

retirement visa Thailand visa rules bank account requirements immigration policies fund seasoning visa application process

Jan 16, 2021

4 years ago

Noel *******

ORIGINAL POSTER

If one has 600,000 baht in a fixed (but drawable) account and starts another fixed account with 200,000 baht from an access account which is with the  same bank and transferred the 200,000 baht from the access to the new fixed account on the same day and have bank signed and stamped papers from the bank to show the 800,000 baht has been in the bank every day for the past year. 

Could immigration refuse to accept it for an extension of a retirement visa on the grounds that  the money 200,000 was  changed on the same day from access to fixed deposit during the seasoning period??

Thank you in advance.

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TLDR : Answer Summary

The original question asks whether transferring 200,000 baht from an access account to a fixed deposit account on the same day could lead to a refusal of a retirement visa extension due to the seasoning period. The responses suggest caution in such situations, emphasizing the importance of having the required amount seasoned appropriately over time. One comment highlights the need for clear communication and trust in visa procedures, while another notes the significance of keeping funds in the account for the necessary duration.

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Mark **********

Yes it wasn't in the deposit account for 2 months

4 years ago

Benjamin ******

A reminder for everyone:

NEVER, EVER Trust what a Thai embassy says about getting an extension of stay, and never, ever trust what an immigration office says about getting a visa outside of Thailand. They are two completely different offices and they do not communicate with each other.

4 years ago

Tod *********

While it totally should work, personally I wouldn't chance it. There's nothing that says you can't have TWO bank accounts that total the 800K baht as long as the funds are seasoned the correct amount.

I think you're just asking for problems moving the money (even within the same bank). To me it's not worth it

4 years ago

Saffron *********

I was very specifically told by an Immigration officer in Chiang Mai that funds absolutely could not be moved to a different account during the time they're required to be in the bank, regardless of how straightforward or well documented the transfer may be.

4 years ago

Jeff *******

@Tod ********

previously I had several Term Deposit accounts that totalled the required 800K . It was not an issue , IO just wanted to check the previous TDs to ensure they had been in 12 months

4 years ago

Noel *******

ORIGINAL POSTER

@Tod ********

Thanks for your valued reply,😊🙏

4 years ago

Reply to

Noel *******

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