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OR to leave 400,000 in the old account for time being, use 400,000 withdrawn from that account and add another 400,000 to bring deposit in new bank account to required 800,000 for next extension.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