Answered5 years ago
Can the 800k requirement for a retirement visa in Thailand be met with an investment fund instead of a regular bank account?
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 ?
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 It cannot be in an investment fund; a regular savings account is acceptable, as long as the funds can be withdrawn on demand.
5 repliesnewest first
Click comment and we will ask for your email, then OTP, then name.
Mario *********
OPThanks to all, i will leave it in my regular saving account
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.
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.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A savings account is acceptable by most immigration offices as long as the 800,000 can be withdrawn on demand.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.
A savings account is acceptable by most immigration offices as long as the 800,000 can be withdrawn on demand.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.
Peter **********
I had cash in a bank mutual fund and IO wouldnt accept it. Basic savings or fixed rate account they said.
Activity
4 joined4
people
Related
25How can some agencies claim a 15-month Non-O visa in Thailand?
8.1k591202mo
Can I apply for a retirement visa extension with only 5 weeks of bank statements?
1.3k7232mo
What are the requirements for obtaining a Non-O Retirement Visa in Thailand, and can I withdraw funds after meeting those requirements?
4.2k38412mo
Is a 2-month seasoning period acceptable for a Non-O visa extension in Thailand?
5.6k211295mo
What are the next steps after being approved for a Non-O retirement visa in Thailand?
6.9k251596mo
How much does a retirement visa cost in Thailand now?
14k802508mo
Can I transfer 800,000 baht for a Non O retirement visa from my wife's account instead of my Aussie account?
4k256110mo
What type of visa should a 59-year-old Australian consider for spending 6 months in Thailand and 6 months in Australia?
6.2k47751y
What is the process for obtaining a retirement visa and a bank account in Thailand?
7.6k56991y
Can I apply for a four-month extension on my 90-day non-immigrant (O) retirement visa in Thailand?
1.1k871y
Which visa agency can assist with a 90-day + 12-month extension for retirement, including opening a bank account for 40,000 THB or less?
1.7k14111y
What are the steps for obtaining a retirement visa in Thailand if I have 800k baht in a bank account?
2k10242y
Is a Bank of America account accepted for obtaining a retirement visa in Thailand?
5.4k42582y
What are the options for a long-term retirement visa in Thailand for a 73-year-old expat?
1.5k1082y
Can I withdraw my funds from a Thai bank account after meeting retirement visa requirements?
2.5k2182y
Can I combine two Thai bank accounts to meet the 800,000 baht requirement for a retirement visa extension?
1.3k993y
Can I deposit cash for the 800,000 baht requirement in my Thai bank account for a Non-O visa extension?
2k11223y
What are my options for extending my NON-O visa after two years in Thailand?
3.2k30174y
How do I renew or extend my Non Immigrant O-A visa in Thailand?
1.4k354y
What are the steps and requirements to apply for a Non-O retirement visa in Thailand?
2.1k1994y
What are the requirements for applying for a Non-O visa and opening a bank account in Thailand?
2.9k2984y
Can I fund my Thai bank account after applying for a Non-Immigrant O Visa to meet the seasoning requirement?
846535y
When should the 800k be in the bank for a Non-O retirement visa extension application in Thailand?
1.5k1196y
Do I need to show the source of funds as overseas if I have 800,000 THB in my bank account for my Retirement visa renewal in Thailand?
1.1k5107y
What are the requirements for the retirement visa extension deadlines in Thailand?
1.9k1858y
Resources
Need help with your retirement visa?
#1 visa agent · 4,000+ reviews · 100,000+ expats served