Can the 800k requirement for a retirement visa in Thailand be met with an investment fund instead of a regular bank account?

Retirement Visa Visa Extension Bank Account Requirements Thai Immigration Financial Criteria for Visa

Mar 15, 2022

3 years ago

ORIGINAL POSTER

About the 800k in a bank account for the extension of stay, retirement visa , does it have to be in a regular bank account or can it be place in investment fund in thai bank ?

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TLDR : Answer Summary

The 800,000 THB requirement for extending a retirement visa in Thailand must be held in a Thai bank account in the visa holder's name. It cannot be in an investment fund; a regular savings account is acceptable, as long as the funds can be withdrawn on demand.

NON-O RETIREMENT VISA RESOURCES / SERVICES

Go to the Retirement Visa Section for information on requirements, including age restrictions, financial requirements, and necessary documentation.
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Mario *********

ORIGINAL POSTER

Thanks to all, i will leave it in my regular saving account

3 years ago

Tim *****

I suggest using a fixed term account so you can at least accrue minimal interest. I set mine up with 4 deposits of 200k. That way if I must get some fast cash I need not disturb the entire 800k at once.

3 years ago

Tim *****

@Benjamin *****

the balance can fall below 800k for a limited time. I don't recall exactly but I think it must be 800k for 2 months before your yearly renewal and 3 months after. The other months it can drop. Alo you can do a combination of money in the bank with monthly importation of funds. There must be a formula for that.

3 years ago

Reply to

Tim *****

James ********

The bank account can ONLY be in a Thai bank account in your name only that is withdrawal on demand.

A savings account is acceptable by most immigration offices as long as the 800,000 can be withdrawn on demand. Penalty is loss of accrued interest.

To be sure...ASK your local Thai Immigration office.

3 years ago

Peter **********

I had cash in a bank mutual fund and IO wouldnt accept it. Basic savings or fixed rate account they said.

3 years ago

Reply to

Peter **********

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