Can I use my locked retirement funds to apply for a Non-O Visa in Thailand and access cash later for a Thai bank account?

Question

hello there, is it possible to use my locked in retirement savings (not liquid)statement to apply for Non O visa from my country then use my cash later to open a Thai bank account when i get to Thailand? dont plan to use my retirement savings but will have some cash later. I’m trying to limit time i have to stay in my country while waiting for my cash. 😊👍🏻 hope my question make sense. thanks 🙏

Ask Thailand · Answer

The original poster inquired about using locked-in retirement savings as proof of funds for a Non-O Visa application, intending to access liquid cash later to open a Thai bank account. The community responded that generally, locked retirement funds are not acceptable as they are not liquid. Users emphasized the necessity of providing bank statements from accessible accounts, with some suggesting alternate options like monthly distributions. It was advised to check with the specific Thai consulate for their requirements, but the consensus was that immediate access to funds is needed for both the visa application and future financial stability in Thailand.

Mei ***** · Answer

Well…I’m not able to cash in my locked retirement funds. Was hoping i could still use that to start my Non O visa…i have 90 days to move to Thailand once its approved. At that time i could sell my place for the deposit needed in my Thai account when i get there. Now i know i cant do that , thanks for the info. 👍🏻😊

David ******* · Answer

The money is expected to be always available for living here. They don't want you working.

John ********* · Answer

IRA? No

Graham ****** · Answer

Do you have income of the equivalent of 65k Baht a month showing in your regular bank account?

Raymond ********* · Answer

Once your 90 day non-O visa begins, you have 30 days to deposit 800 000thb  in your thai bank account. It has to be seasonned 60 days before the your 1 year extension. Is 30 days worth all the trouble?

George ********* · Answer

I applied for the marriage retirement visa from the US and provided copies of my bank statement and retirement account. When I arrived in Thailand, I opened a bank account and deposited 400K baht. Check with the Thai consulate you are applying through to see what they will accept to grant the 90 visa.

J **************** · Answer

If you have monthly distributions arranged, you could possibly use that letter.

Dca ***** · Answer

Which Thai Embassy/Thai Consulate (where) is this?

Usually not, but you can ask the specific Thai Embassy/Thai Consulate as some have been reported to accept certain other  types of accounts beyond the ordinary individual checking, savings bank account....

Alexander ************* · Answer

No, you can only use available cash accounts. They demand that money more or less is immediate accessible. Mostly a fixed account will be accepted but beyond this - not

Mei ***** · Answer

Ok thx.

John ********** · Answer

You can't use locked funds. You need to be able to provide bank statements showing the available funds

Can I use my locked retirement funds to apply for a Non-O Visa in Thailand and access cash later for a Thai bank account?

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