Answered3 years ago

Can I withdraw from my 800,000 baht retirement visa account and then re-deposit it shortly after?

non-immigrant O visa retirement visa bank balance requirements Thai visa extension 800,000 baht rule immigration guidelines

Michael ********

asked Nov 7, 2023

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I just got my 1 year extension for my non immigration O retirement visa. I have had the 800,000 baht in my bank account. Can I take some of that money and re-deposit it back into the account the next day or 2. We have a celebration and it’s just for show.

Answer summary

The original poster (OP) is inquiring about the regulations surrounding their recently approved non-immigrant O retirement visa extension, specifically if they can withdraw some of the required 800,000 baht from their bank account and then re-deposit it a few days later for a celebration. The responses stress the importance of not touching the 800k, as there are strict rules: the full amount must remain in the account for three months post-extension approval, and it should not drop below 400k to maintain the retirement visa. Several comments suggest keeping the funds untouched in a separate account to avoid any risk of falling below the required minimum.

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James ********

I believe that the OP has the answers to his question.

Thanks All for your helpful replies 😊

Comments Closed

3 years ago

Jim ***********

Personally I would leave it over 800k full year. Drop below in allowed months needs topped up ,best leave 800k saves any doubts or problems raising back to 800k

3 years ago

Brook ********

You don’t want to risk falling below the required minimums ever.

I suggest you do as I did, and put it in a separate bank from your daily use bank, in a dedicated interest-bearing account, and never touch it.

3 years ago

James ********

Bottom line... DON'T touch it... follow the correct ✅ advice reply from Tod Daniels.

3 years ago

Tod *********

The seasoning requirements for extensions based on retirement using banked money method are very specific

You need to have the 800K in a thai bank account in your name only for 2 months BEFORE you apply for the extension

You need to KEEP the 800K baht in the bank for 3 months AFTER the extension is granted

Then the balance cannot go below 400K baht the rest of the year.

I will leave it to you to do the math and see where you are in the process 🙂

3 years ago

Tod *********

that 800K baht in the account for 3 months after the extension is granted and the one about keeping a minimum of 400k baht in the bank account for the rest of the year is something they will specifically look for NEXT year when you get your new extension and if you didn't meet that your current extension is void as of that date 😮

3 years ago