Answered2 years ago
Can the 65,000 THB monthly transfer for a NON-O visa be made in multiple payments?
Hello, I am looking in a year's time to swap to 65k monthly transfer method for non o visa. Does the 65k have to be deposited in 1 payment or can it be transferred in say 3 payments. Thanks
Answer summary
To qualify for the NON-O visa in Thailand, the monthly minimum transfer of 65,000 THB generally needs to come from abroad. While it appears that multiple smaller deposits can be made, it is risky as they may not all process within the same calendar month, potentially failing to meet the requirement. Some users report success with breaking the amount into sections, but this often depends on the specific immigration office's leniency. It's advisable, for safety and simplicity, to transfer the full 65,000 THB in a single transaction each month to avoid complications.
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Wayne ***********
Barry if you can - just be safe and deposit 65k each month, don’t split it up unless you really have to. Many people use Wise to xfer to Thai back - personally over the last three months I’ve found Western Union offering better rates - example for today in photos. Most banks will charge more
For exchange - some folks will disagree but I give you my experience. One final point, I prefer not to xfer on a Friday or weekend as it may take one or two BUSINESS days to xfer and that can sometimes be a little unsettling. Good luck.
For exchange - some folks will disagree but I give you my experience. One final point, I prefer not to xfer on a Friday or weekend as it may take one or two BUSINESS days to xfer and that can sometimes be a little unsettling. Good luck.
Jamie ******
@Wayne **********
how does it work ,,I never used western union before ,you still need to have a Thai bank account right or does WU count as a thai bank..same with wiseWayne ***********
@Jamie *****
What the picture is showing is the value of bhat that your Thai bank account would receive, so yes need Thai bank account to fulfil extension requirement where the money lands - WU is just the intermediary connected to your home country bank in this instance. Although it can xfer through a number of other methods. Some of the apps work different. In most cases the charges and rate I’ve found are better than a direct home bank to Thai bank xfer. I’m merely using them as a money services provider rather than a bank, for completely different purposes some are also regarded as banks but not in regard to fulfilling the *****
requirement - need the money Thai bank account for that.
Barry ********
OP@Wayne **********
thanks a lot WayneBarry ********
OP@Wayne **********
thanks Wayne
Stuart ***********
@Wayne **********
great advice, I have exactly the same experience.
Michael ************
I do it in multiple deposits. The bank statements verify. It's not a problem at my immigration office. Every office seems to have different requirements.
Jim ********
The stipulation is 65k per calendar month. It doesn't necessarily have to be one payment of 65k but that makes life easier for the IO, so it's best not to upset them. When I started I was doing 2 x 33k which was acceptable, and one time the exchange rate changed before the money hit the bank account so it came through as
*****
, so I made another transfer of 200 to push it over the threshold. It was acceptableKeith *********
@Jim *******
Obviously your I.M. office is more lenient than mine. My office only counts the *****
+ amounts and not the lesser amounts done periodically in-between.Jim ********
@Keith ********
I'm talking about CW, the biggest in the country. There's nothing in the rules to say it must be ONE transfer each month. I think you're being hoodwinked! 👍Barry ********
OP@Jim *******
thanks Jim good infoKeith *********
In my experience it has to be done in one transfer.
Graham ******
Doing the 65k as three separate deposits within the month will be accepted but there is a risk that one may not go through or be delayed a few days and get deposited on or after the first of the next month which means you did not meet the requirements. Multiple small transfers will often be more expensive than one bigger transfer per month so, unless you are transferring your weekly income, I cannot see any benefits in doing it this way.
Keith *********
@Graham *****
The best thing to do is check with the Immigration office in your area as some may allow multiple transfers but not where I do my retirement visa.Graham ******
@Keith ********
true, always check first
Greg ***********
Each transfer of a minimum of 65.000.- THB must clearly be coded as coming in from abroad.
You must have collected 12 months of transfers, consecutively month for month. You cannot miss one month and then pay two months in the next transfer
You need to prove it with a regularly updated bankbook, and most Immigrations also ask for a 12-month account statement by your Thai bank
You can of course take out the money and use it for means of living, there is no need to accumulate a deposit
You must have collected 12 months of transfers, consecutively month for month. You cannot miss one month and then pay two months in the next transfer
You need to prove it with a regularly updated bankbook, and most Immigrations also ask for a 12-month account statement by your Thai bank
You can of course take out the money and use it for means of living, there is no need to accumulate a deposit
Barry ********
OP@Greg **********
cheers Greg
Terry **********
Just a bit of clarification, that's once a calender month.
Keith *********
@Terry *********
YesKeith *********
Has to be
*****
minimum in one transfer a month for 12 months.
Graeme **********
@Keith ********
no it doesn’t. As long as it amounts to 65k per monthBarry ********
OP@Graeme *********
so could do 2 x 32.5 per month ?
Alfred ***********
@Graeme *********
but on that kinda money you'll now be taxed at 15%Keith *********
@Alfred **********
Your reply has nothing to do with what we are talking about. Start a new post if you like .Alfred ***********
@Barry *******
doesn't matter. All.income from 1st January 2024 is now subject to tax in thailand. There's probably a double taxation treaty in place between your home country and Thailand so you can claim tax relief as you've already paid taxes in your home country. There are a few exemptions but best to talk to a tax lawyer as each individuals case will be different. But it'll be costly to do so.Barry ********
OP@Alfred **********
why taxed I thought pension contributions would not be taxed ?Barry ********
OP@Keith ********
but can be taken out once deposited ?
Keith ************
@Barry *******
yes.Keith *********
@Barry *******
Yes you can withdraw straight after transfer. Has to be International transfer not domestic.Barry ********
OP@Keith ********
thanks KeithActivity
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