Answered3 years ago

Can I use my monthly Social Security and savings to meet the financial requirements for a Thailand retirement visa?

Thailand Retirement Visa Non-O Visa Non-OA Visa Visa Application Requirements Thai Bank Requirement Social Security

David **********

asked Jul 18, 2023

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For a Thailand retirement visa, I have $1500 a month Social Security and 10,000 saved can I combine them to meet that $22,000 quota? Has anyone done that?

Answer summary

To qualify for a Thailand retirement visa, you typically need to show financial means of 800,000 Thai Baht in a Thai bank or a monthly income of at least 65,000 Baht. While some Immigration Offices may allow a combination of income and savings for extensions, the initial application often requires clear adherence to these financial benchmarks. Specifically, funds must be maintained for a set period before applying for extensions.

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John **********

It depends where you apply and the type of retirement visa you apply for. If you apply for a Non-OA visa in your home country you can use funds in your home country but will need insurance. If you apply for a 90 day Non-O visa in your home country you can use funds in your home country but will need 800k baht in a Thai bank to extend beyond the 90 days (needs to be in bank for 2 months before applying).

If you apply inside Thailand for a 90 day Non-O visa you must have 800k baht in a Thai bank which you'll need to keep there for your extension.

Funds for extensions need to be in the bank 2 months before applying, kept there for 3 months after and never go below 400k baht for the year.

3 years ago

David **********

@John *********

my God thank you so much for the thought out response so I have a friend that can loan me 10 grand I can cover the 20,000 only for five months and then he can get his 10 grand back and then next year the same thing

3 years ago

Darren **********

Thailand is a hassle to stay long, Laos is much easier, but not as beautiful as a whole, although there’s plenty of nice places here

3 years ago

Paul *********

@Darren *********

where would you recommend in laos? Never been but interested in trying out the neighbouring countries

3 years ago

Darren **********

@Paul ********

I live in Vientiane, and haven’t moved around that much unfortunately I haven’t seen that many places, vang Vieng is beautiful I’ve been there a few times, Luang Prabang I’ve heard is nice, you should check it out and see if it’s for you, there’s the four thousand islands, paksá,

3 years ago

Paul *********

@Darren *********

got to leave the Mecca of Thailand on 11th August so thinking about trying a land crossing instead of flying back to England.

3 years ago

Frank **********

No can do.

3 years ago

Giorgio ******

@Frank *********

no can do ?

means YES or NO ?

3 years ago

Frank **********

@Giorgio *****

it means no. At least not for the first year extension.

3 years ago

Graham ******

For your first year of a Non-O (over 50) you have to do the 800k in a Thai bank method unless you get a Non-OA. After that for subsequent extensions some Immigration Offices allow the split method, you'd have to ask them locally what they allow.

3 years ago

David **********

@Graham *****

Thank you very much for an intelligent response.

3 years ago