Answered6 years ago

Can I withdraw and redeposit my 800,000 baht for my Non Imm O visa extension without affecting immigration requirements?

Non Imm O Visa Retirement Visa Visa Extension Immigration Requirements Bank Deposit Rules Thailand Expat Issues

Richard ********

asked Jan 11, 2021

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I am on Non Imm O visa for retirement which I had extension done on 1 Oct 2020. Extension expires 14 November 2021. Live in Bangkok. 

I have the required 800,000 in bank with current fixed deposit maturing 20 January. Normally I would roll it over for another 12 months which would satisfy requirements to have money there for the next extension. It also means I meet requirements to have at least 50% still in the account 3 months after I applied for extension in 2020. 

However I want to change banks. 

I would appreciate advice on whether it is Ok to withdraw the whole 800k on the due date and redeposit in new bank the same day on 12 month term. 

OR to leave 400,000 in the old account for time being, use 400,000 withdrawn from that account and add another 400,000 to bring deposit in new bank account to required 800,000 for next extension. 

The 400,000 left in the old account satisfies keeping 50% in bank following 3 months period. 

A bit complex I know so easiest solution is to withdraw full 800,000 and redeposit in new account the same day. 

Would this work for Immigration requirements?

Thanks in advance.

Answer summary

The user needs to manage their 800,000 baht requirement for the Non Imm O visa extension. They are considering various options for moving the money to a new bank while ensuring compliance with immigration rules. Commenters suggest either transferring funds directly between banks or keeping part of the amount in the current account to meet the regulations. They also recommend consulting immigration officials for definitive guidance.

9 repliesnewest first

Click comment and we will ask for your email, then OTP, then name.

James ********

And as you are married to a Thai...why not get the extension based on Thai marriage?

Only 400,000 Thb for marriage extension required vs 800,000 for retirement extension.

6 years ago

Richard ********

@James *******

thanks James but not longer married. Such is life in Thailand. By the way my son (in Sydney) is James. When I see a post from yourself I fleetingly think my son is posting.

6 years ago

James ********

@Richard *******

do you have a Thai child ?

Richard ********

James ********

then the Non O retiree is your way to go.

6 years ago

Richard ********

@James *******

6 years ago

Tod *********

The LAST thing I'd do is pull the money OUT of one bank and put it in another bank in CASH. If you're gonna move all the funds transfer it bank to bank so it never "leaves a bank" just goes from one to the other instantly.

OR

as you suggested, once you have met the 800K baht in a bank account for 3 months after the extension is granted, leave the 400K baht in the primary account

I honestly think you're better off going to the immigration office and asking someone (make sure you get a name OR take their photo) about if it's okay to move it all or not.

6 years ago

Barry *******

@Tod ********

I went thru this when I renewed last year December 23 . Wanted to use a diffrent acc for the Visa money. Moved 400k one day 400 K next via transfer ( was 500 k limit to diff bank) more than 3 months beforebthe renewal. Got statements and letters from both banks to show had been over 400k for the year. Only problem was and was partly my fault. I didn't notice when I got the statements from SCB (the original bank) they only went back 3 months. So when I got to immigration I had to go to Jomtien SCB and get the full years worth . But apart from that no problem with it being spread between 2 banks

6 years ago

Richard ********

@Tod ********

ok thanks for the wise counsel. Cheers

6 years ago