Answered5 years ago

Do I need a fully paid health insurance and a specific amount in my bank for a retirement visa in Thailand?

Retirement Visa NON-O Visa Thai Bank Requirements Health Insurance Expat Visa Guidance Visa Application Process

Fran *****

asked Mar 8, 2022

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I am applying for retirement visa.

Do I need to have one year fully paid policy?

I have combined income which means I do not have to put in 800,000BHt

  HOWEVER 

MONTHLY WIRE TRANSFERS TO ADD MONEY TO ACCOUNT IS TO EXPENSIVE 

APPARENTLY WITHDRAWING MONTHLY FROM ATM AND DEPOSITING INTO THAI BANK WONT WORK.

I also understand that I would have to keep the 800,000 Bht in bank for 3 mos if I have to go this route

Thank you for all assistance

Answer summary

The user is applying for a retirement visa (NON-O) in Thailand and is inquiring about the requirement for a fully paid health insurance policy and the condition of maintaining 800,000 THB in a Thai bank account. They mention concerns about the expense of monthly wire transfers and the feasibility of withdrawing and depositing funds as an alternative. Comments clarify that the 800,000 THB must be held in a Thai bank account for a minimum of 2 months before application and 3 months after, reducing to 400,000 THB for the remainder of the year. Additionally, if applying for the O-A visa, a year-long health insurance policy is mandatory.

7 repliesnewest first

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John **********

It looks like you are already in Thailand so are you applying for an in country Non-O for retirement? If so you must transfer 800k baht from overseas into a Thai bank before you can apply. That gets you the initial 90 day visa. Don't touch that 800k as you will need it to apply for the annual extension before your 90 day visa expires. Once you get the extension the 800k must remain in your account for a further 3 months and can't go below 400k for the entire year

5 years ago

Wanna *****************

@John *********

are you sure that 800 k must come from overseas? My husband has this amount in his account in Thailand since last December and we plan to move to Thailand in May. He is applying for Non O visa for 90 days and will seek for a one year extension based on retirement in Thailand.

5 years ago

John **********

@Wanna ****************

depends where he's applying for the initial 90 day visa. It's only for that initial visa and only if applying for it inside Thailand the money must come from overseas. For extension it doesn't matter where it comes from

5 years ago

Fran *****

Already working with immigration. Thanks for time length to keep in and not dropping lower than 400,000

5 years ago

John ******

@John *********

U FORGOT one thing need 800k 2 months before your next extension or try not to touch it but yes they like to see a deposit somtimes.

5 years ago

Robert *******

If you like to use the 800.000 Thb banked money, it must be in a Thai bank at least 2 months prior application date and at least 3 months after apllication date and the rest of the year not less than 400.000 Thb. Your promise will be checked at next year application.

5 years ago

Robert *******

I guess that you have questions about the 1 year Extension of Stay based on being over 50 years of age.

If your original visa is the Non Immigrant O-A (Long Stay) visa you need a 1 year health insurance, information can be found at

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5 years ago