Do I need a one-year bank statement for my retirement visa renewal in Thailand?

Retirement Visa Visa Renewal Bank Statement Requirements Thai Immigration 80K Baht Method Expats in Thailand Visa Extension Procedures

Dec 12, 2020

4 years ago

Malcolm ****************

ORIGINAL POSTER

I apologize in advance if someone's answered this question, but I've searched through the group, and I can't find it. I renewed my retirement visa in January of this year using the 800K in the bank method and showed a letter from the bank for the previous six months as evidence of my funds. This time, will I need a letter from the bank covering the previous year, or will a six month letter and my bank book suffice? The reason I'm concerned is that my local branch of Bangkok Bank told me once before that it takes 7 days to release a letter covering the year, yet the letter's only valid at Thai Immigration for 7 days. It looks like a catch22. Is it?

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TLDR : Answer Summary

The user is seeking clarity on the requirements for renewing their retirement visa using the 800K baht in the bank method, specifically whether they need a one-year bank statement or if a six-month letter along with their bank book will suffice. Comments confirm that typically, a one-year statement is necessary to prove compliance with financial requirements for the renewal process, and that different banks may have varying policies regarding the issuance of these statements.

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Marty *********

In October I was expecting to have to wait for a one year statement but my Kasikorn branch gave me a one year statement on the spot. I suggest you ask your bank again.

4 years ago

Andy ********

@Marty ********

I think different banks have different policies rather than branches. As the OP is with Bangkok Bank it is their policy that is important to him.

4 years ago

Marty *********

@Andy *******

Which is why I suggested that he ask his bank at this time. A while back the info was that only the large branches could produce a 1 year statement. I was able to get my statement from a small branch and I would encourage people to at least try their nearest most convenient branch at this time.

4 years ago

Reply to

Marty *********

Malcolm ****************

ORIGINAL POSTER

Thank you

@Marty ********

I'll ask at a bigger branch possibly in the Mall Bang Khae.

4 years ago

Marty *********

@Malcolm ***************

Good luck. My branch was just a small branch in Phra Khanong, BKK.

4 years ago

Reply to

Marty *********

Adri ********

They want one year just to make it easy for you??

4 years ago

Tod *********

@Adri *******

they want one year to show that you met the financial requirements of the previous year's extension and so you can apply this year for a new one..

4 years ago

Reply to

Tod *********

Kenny **********

I did mine this week. 100 baht for the usual letter/ update and 200 baht for a year's statement from Kasikorn Bank.

4 years ago

Malcolm ****************

ORIGINAL POSTER

Thank you very much, Tod Daniels, for your helpful and comprehensive response.

4 years ago

Tod *********

IF you used the 800K baht banked money method last year to get your yearly extension AND you're going to use it again this year, you will need that year statement of your balance history.

There are actually TWO separate letters you get from the bank when you use banked money method. ONE is the standard letter that lists your account, your name and the balance on the date they wrote the letter <- that is the one that has to be dated within 7 days of your application for extension.

The other document is a print out of your monthly balance/transactions for the previous year AND you're correct most bangkok bank branches take 5 working days to get that print out for you (because they only keep 6 months data at the branch). There is no problem getting it a week before you get your extension. Takes you coordinating with the bank to order the documents and then pick them up on time but it's pretty simple to do.

4 years ago

Tod *********

The reason they need a year's transaction/monthly balance history is they want to make sure you kept the 800K baht in the bank account 3 months after your extension was issued last year and that the balance never fell below 400K baht after that for the rest of the year and that it was back at 800K baht 2 months before you apply for this new extension.

4 years ago

Bill ********

@Tod ********

Quick question regarding 1 years statements, in your experience, if I download statements every month & print out will that be accepted by immigration officers. I use the IO in Korat. Thanks

4 years ago

Bruce *****

@Wjd *********

no they need to be stamped by the bank therefore the bank will print and stamp and charge about 100

4 years ago

Reply to

Bruce *****

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