If I put 800000bht in an account is it also necessary to have another amount coming in to another account each month?
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TLDR : Answer Summary
When applying for a retirement visa (Non-O), maintaining 800,000 Baht in a Thai bank account is sufficient and does not require additional monthly income deposits. There are two methods to meet the necessary proof of funds for the visa: the Banked Money Method, which involves keeping the 800,000 Baht for a designated period, and the Monthly Income Method, requiring monthly transfers of 65,000 Baht for the year prior to application. However, should you wish to switch to the Monthly Income Method in the future, you'll need to establish the monthly transfers.
NON-O RETIREMENT VISA RESOURCES / SERVICES
Go to the Retirement Visa Section for information on requirements, including age restrictions, financial requirements, and necessary documentation.
For immediate assistance, contact Thai Visa Centre directly via LINE at @ThaiVisaCentre or Email them.
Explore recent discussions by using the Non-O Retirement Visa tag in the search box at the top of the page.
As others have stated it is not necessary, but if you want to change to the monthly income method in a year, you need to deposit 65,000 Baht per month for 12 months to qualify next year.
James ********
Similar question was asked today on this forum. Suggest you read it and all replies.
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Russell ********
You'll need money here anyway of course: some use their ' visa' account for their monthly expenses, others set up a seperate account, but the latter has nothing to do with visas if you have the 800K in the other
Much easier to have an account here, and many processes require you to have one if you stay here longer term- legal, visa, DD etc
You can dip into your Visa account instead for this but not immediatly before or after Visa renewal and not below 400K at anytime
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Russell ********
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Tod *********
It is not, ๐ There is no requirement that you bring any funds in to the country every month if you are using banked money method to meet the proof of funds
These are the two ways you can meet the proof of funds for a "retirement visa" (Non-O/Extension)
bank 800K baht in a thai bank account in your name only for the requisite time (2 months before you apply for the extension, the funds stay in the account 3 months after the extension is granted and then the balance can't go below 400K the rest of the year)
transfer in to a thai bank account in your name only from abroad a minimum of 65K baht per month, each month, every month for the previous 12 months before you apply for your yearly extension
OR
get a letter from your embassy here in thailand stating you have that income in your country (US, UK, Australia and Canada all stopped issuing that letter)
Johnny ********
I have been living with a Thai woman for 16 years using a letter for my retirement visa. I went to the Bangkok bank with a letter from immigration but they refused to open an account unless I got married
correct (y) you have to do that first yearly extension with banked money method (the 800K), keep the seasoning requirements on that extension (800K baht in the bank for 3 months after and then not below 400K the rest of the year) AND you have to also transfer in a minimum of 65K baht a month, each month, every month for the next 12 months before your following extension comes due