ask
Search
Ask
Answered3 years ago

Can I withdraw my 800k while using the Non-O visa retirement option in Thailand?

Robert ************
asked Mar 22, 2024
4.2k
views
28
replies
8
likes
Hello all.

Hope you can clear something up for me.

Renewed my 1 year Non-O based on retirement using the 800k on deposit method earlier this month and have started sending the monthly 65k minimum overseas transfers, to make 12 in total by next Feb.

Can I now take out the 800k, as I have another use for it, or is there still a minimum (400k) balance which must remain at all times?

Thank you.

Robert.
Answer summary
After renewing your 1 year Non-O visa based on retirement with the 800k deposit method, you must maintain the 800k balance for 3 months post-renewal and ensure it does not fall below 400k for the rest of the year. Although you are making monthly transfers to satisfy income requirements, the stipulation regarding the 800k is separate, and you cannot withdraw it during this period without risking your visa status.
28 repliesnewest first
10

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

Robert ********
Robert ********
Wish you could keep 800k or more in Bitcoin account and use this for your visa extension
Steve **********
Steve **********
No need to nest ANY funds once you are on an Income based ( FTT ) for 12 months option.
Glenn *****
Glenn *****
I just did this conversion last week at Jomtien. In my case, there was no check for the previous 800K and I just had to show the special bank statement showing my 12 deposits.

Although they didn't check me, immigration could if they want.
Steve **********
Steve **********
Just never heard of that. Not significant, as have been on income ( foreign ) for 20 or so yrs....but don't recall ever nesting funds, I think the Consul letter prov my 1st year extention .

I don't mind going once. a year, always bump into someone.
Brandon ************
Brandon ************
@Glenn ****
Bangkok definitely requires it. The op hasn't stated which office they'll be using though
Robert ************
Robert ************
OP
@Brandon ***********
Samui, I expect.

Thanks for your help.

So I'm not on the 65k regime until after I've completed 12 months of 65k transfers, right?

For now I have to do both - 800k/400k and 65k deposits for 12 more months?

Excuse my confusion, I'm running 3 retirement visas in 3 countries concurrently...
Robert ************
Robert ************
OP
@Glenn ****
Going to have to! I had thought I could free up the 800k now 😓
Glenn *****
Glenn *****
@Robert ***********
you may already know but you can spend the 65k immediately
Robert ************
Robert ************
OP
@Brandon ***********
Got it. Thanks.
Brandon ************
Brandon ************
@Robert ***********
I have an infographic that might help.
Steve **********
Steve **********
@Glenn ****
that's the requirement !

Either :

800k nested

65k/mo 1yr ( FTT )

Comb. of both.
Glenn *****
Glenn *****
@Steve *********
in my case I never had the 800k but I did have a "simulated" 800 from an agent. After my 12 plus 3 months I did 12 consecutive deposits of 65K +. So when the new extension was due I just used my my 12 FTT deposits. IO did not check my previous "800K" but they could have if they wanted.
Glenn *****
Glenn *****
@Steve *********
more like 5 or 6 years ago. Not really nesting, just IO trying to see if you had the requirements for the previous year. If someone got a 2nd extension based on banked money they would be asked for proof of money in the bank for the previous year. So immigration COULD ask for the proof of banked money in the bank for the year before switching to income.
Glenn *****
Glenn *****
Graham ******
Graham ******
@Steve *********
No, an observation.
Steve **********
Steve **********
@Graham *****
was that a question ?
Graham ******
Graham ******
@Steve *********
If an Embassy issues the income affadavit that can still be used for the first year of your retirement. You started on this method before the US Embassy withdrew that service.
Steve **********
Steve **********
@Andy *********
best have your visa extension in same province as TM-30, and 90 day ext or IO will question.
Steve **********
Steve **********
@Glenn ****
To be honest, don't ever remember nesting 800, have been on income method 20+ yrs, maybe requirements have changed. Do recall

US Consul assuring income, but that stopped about 10 years ago....again memory not what was.
Andy **********
Andy **********
@Glenn ****
good to know, which immigration office did you change over at.
Brandon ************
Brandon ************
The requirements for the extension you just got are that you must stay at 800,000 for 3 months after your extension, and it cannot drop below 400,000 the rest of the year.

That is a completely separate requirement from what you are trying to do with the transfers.

Next year when you go to apply for your extension based on monthly transfers, they will request you to provide 12 months of bank statements. They will use these statements for 2 things.

First: They will verify that you met the requirements for last year, which is the 800,000 for 3 months after you received your extension and that your bank account never dropped below 400,000.

Second: they will check if you received the proper international transfers every month for the previous 12 months.

If either of these is not the case, you will be denied your next extension for failure to meet the requirements.
Rok ********
Rok ********
@Brandon ***********
most fail-proof method albeit not many of us want to hear it.
Giuseppe **********
Giuseppe **********
@Brandon ***********
, money can't be less than 800k 3 month before extension , of course for next year.
Brandon ************
Brandon ************
@Giuseppe *********
2 months before, 3 months after.

But since he's changing to monthly transfers, he can ignore the before part and won't need to bring it back up to 800,000 2 months before his application
John **********
John **********
@Robert ***********
until such time as you get an extension based on monthly transfers inked into your passport you have to honour the terms of your existing extension
Brandon ************
Brandon ************
@Robert ***********
you're not using the monthly transfer method. You got your last extension based on 800,000. You're still under those rules until your next extension.
Robert ************
Robert ************
OP
@Brandon ***********
To be clear, I have to leave it there, even though I'm now using the monthly transfer method, for 3 months before withdrawing it?

Thank you.
Giuseppe **********
Giuseppe **********
@Brandon ***********
, correct. 2 months

Activity

10 joined
Robert ************
Robert ************
Robert ************
Robert ************
Robert ************
Robert ************
10
people
Thai Visa Advice and Everything Else
Thai Visa Advice and Everything Else
...members60% approval
Member 1
Member 2
Member 3
Member 4
Member 5
Member 6
Member 7
Member 8

Related

25
What do I need to know about the 'seasoning' period for my Non-O Retirement Visa in Thailand?
1.3k11122mo
Can my wife apply for a trailing spouse extension based on my retirement visa without losing her current visa period?
18433mo
Does an overseas account for retirement visa funds need to be in my name for the 65,000B monthly transfer option?
727195mo
What are the requirements for renewing a retirement visa in Thailand using the 65,000 Baht monthly deposit method?
1.3k10136mo
What are the regulations regarding the 2/3 month seasoning for the 800,000 baht retirement extension in Thailand?
1.1k351y
What should I do about transferring 800k baht using Wise for my retirement visa extension in Thailand?
3.9k30381y
Can I transfer my 800,000 baht back to my account after renewing my Non-O visa in February 2026?
2k13241y
What do I need to know about applying for a non-O retirement visa in Thailand while using a Bangkok Bank account?
6.2k61411y
Can I withdraw funds from a Thai bank account back to the US on a retirement or marriage visa?
587411y
What is the process for applying for a Retirement Visa in Thailand while on a NonO visa?
1.6k1392y
How can my aunt switch from an Immigration B visa to a retirement visa in Thailand without leaving the country?
1.8k9252y
What are the requirements for showing financial support for a retirement visa extension in Thailand?
3.9k33303y
Can I apply for a marriage visa in Thailand if my Thai spouse predominantly lives in the U.S.?
3.6k25433y
What are the requirements for maintaining a retirement visa in Thailand regarding bank funds?
1.6k7193y
Do I need to maintain the 800,000 baht requirement for my retirement visa renewal in Thailand if I am depositing 65,000 baht monthly?
1.9k4363y
What documentation do I need to use US Social Security income to meet financial requirements for a Thai visa extension?
3.1k13543y
What are my options for maintaining my retirement visa with 800k in the bank and monthly transfers?
2.9k22263y
Can I use previous international monthly transfers to apply for a Non-O visa after canceling my Non-OA extension?
1.7k10193y
Is my plan to obtain a retirement visa in Thailand based on monthly deposits feasible?
1.7k12134y
How does the retirement visa validity and extension work for someone who obtained their visa on May 11, 2022?
991584y
Can I use my ฿800,000 bank balance immediately after switching to a monthly income requirement for a Retirement extension in Thailand?
3.1k23314y
Can I use domestic bank transfers to meet the Non-O visa financial requirements in Thailand?
1.3k5194y
What Are the Current Rules for Retirement Visa Extension in Thailand?
1.5k10137y
Can I extend my retirement visa in Thailand after entering with it in December?
36017y
Can I retire in Thailand with a Non-Immigrant O Visa instead of an O-A Visa?
46227y

Resources

Need help with your retirement visa?