Do I need 800,000 baht in my bank account to extend my OA retirement visa in Thailand or can I use the monthly income method?

Congrats

The rules are clear, and there's no wiggle room, to use monthly income method you need to show a minimum of 65k baht a month transferred into a thai bank account in your name only each month every month for the previous 12 months before you APPLY for your next extension <- not before your next extension expires.

SO

you either DO that, or you used banked money method (which means you need to have the 800K baht in a thai bank account in your name only for the previous 2 month before you apply for your extension).

IF you didn't start transferring money in until Feb, you aren't gonna have the previous 12 months of incoming transfers when you go to apply for your next extension (seeing as your extension runs out on Jan 2)

I'd say make plans to use the banked money method this year and shoot for the monthly transfers next year

Sorry people I deleted totally OFF Topic and bad comments and I couldn't pick and choose so some good comments got deleted too

David Broadfoot your idea sounds good, but there is a problem. If a 12th transfer arrives in his account on january 1st, his Thai bank will most probably need a few days up to one week to produce a bank letter of 12 months of transactions. The time he needs is slipping away under his fingers. No, I'd say he has two options: ONE: save up more than 800K in his account so he can use the deposit method (seasoning is 2 months on date of application) or SECOND: doing a border run (by air or whatever is possible) in the months September, October or November and return with a fresh one year insurance (requirements for re-entry, COE and quarantine depending, will apply) He will be stamped in for another 365 days, giving him enough time to use the income method when applying for the next extension in late 2022

Monthly transfers must show in your bank account statement and passbook as "Foreign Transfers" to be accepted

I thought you didn’t need 12 months of income proof on the first extension my entry stamp and insurance renewal are nearly 2 months apart plus time for setting up accounts I will only have around 8 monthly income receipts , I thought it was only 2 on your first extension ?????

I'd say the simple answer is yes as you won't have the full 12 months required for the income method. Keep up the transfers and you should be good the next year

When you extend for the first time using insurance your insurance must be active and in the database on they day you apply. Bring your insurance certificate with you. If you are applying a little early (that is not on the day your permission to stay ends) then you will only be extended until the end of your insurance which may mean you will lose as many days/weeks that you apply early. Just accept it. After the first time you will already have insurance and you will get your full year with subsequent applications.

Ask your Thai immigration office what their requirements are for the Non O based extension of stay for retirement.

Also you will need to show proof of the required insurance for OA extension...for a full year of insurance.