Do you have to have the 800000 baht in thai bank or can you show in a Australian bank account.
Answer summary
You must have 800,000 baht in a Thai bank for applications or extensions of the NON-O visa from within Thailand. If applying from Australia, you can use funds in an Australian bank account, with specific amounts required depending on the visa type. For an OA multiple entry visa, AUD 54,545 is acceptable, but for a NON-O visa application in Australia, only AUD 2,000 is needed.
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Michael ********
If you apply for an OA Multiple entry visa, you can show AUD 54,545 in an Australian account (which is a lot more than 800K THB). For a NON O (retirement) visa obtained in Oz, you need to show AUD 2000. If you will obtain a Non O visa based on being over 50, in Thailand and then a 1 year extension of stay, you will need to transfer 800k into a Thai bank account.
You have to have funds in Thailand for the application for an in-country (means inside Thailand) initial Non-O visa or extensions.
An Australian citizen can use the funds in their home country for their visa application in Australia (or at the Embassy/Consulate in another country).