Do I need to keep 800K Baht in my account year-round for a Thailand retirement visa renewal?

Sep 29, 2021
3 years ago
์„œ**
ORIGINAL POSTER
Hello everyone~ Thanks for everyone ๐Ÿ˜Š๐Ÿ™

I would like to know something about retirement visa. For example, when planning to renew a retirement visa here, should I keep 800K Baht in my account all year long? or is it possible that spending it all after the application and transfering another 800K to the account again before renewing visa for next year? Appreciate your help ๐ŸŒธ๐ŸŒธ๐ŸŒธ
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TLDR : Answer Summary
The discussion focuses on the requirements for renewing a retirement visa in Thailand, specifically regarding the 800,000 Baht financial requirement. Various comments clarify that while it's advisable to keep the full amount in the bank, there are alternatives such as the 65k/month income method. Additionally, it is mentioned that the 800K should be maintained in the account for specific periods before and after the visa extension application.
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Benjamin ******
I'm shutting down commenting. I believe the poster got the answers, and if not, please send a message to an admin or mod and we'll reopen commenting.

If anyone else has any other questions that DOES NOT RELATE to the poster, please make your own post and don't hijack other people's post. Thank you.
Bobby ********
You can use the 65k/month method which doesn't tie up your money.
Eileen **********
@Bobby *******
- can the 65k month method be used for visa with spouse?

Like you can use 800k in bank account for married couple?
Bobby ********
Eileen Marrinan. Are you talking Thai spouse?
Benjamin ******
Different question, but Iโ€™ll answer it. For a one year extension of stay based on marriage, a person can show 40K THB a month in income.

I looked at your name and profile, and the question doesn't apply to you. You're a female, and there's no financial requirements for a one year extension of stay based on marriage to a Thai national (which is the only reason why I think you'd be asking the question).
Scott *******
Just leave the 800k in the bank and forget about it until next year. Why use that and then have to transfer money to top it up.
Nikolas ***************
@Scott ******
*Forget forever (or at least until you plan to stay in Thailand) and let the inflation work.
Marty *********
Note that the rules Tod just explained often mean that Immigration wants to see a full year bank statement at the time you apply for a 1 year extension. They want to see that you have followed the rules all year long.
Tod *********
The seasoning of funds for a yearly extension based on being over 50 (retirement) is you need to have the 800K baht in the account for 2 months before you apply for your next extension, the 800K baht needs to stay in the account for 3 months after the extension is granted and then the balance can't go below 400K baht the rest of the year.
์„œ**
ORIGINAL POSTER
@Tod ********
thanks for your quick response, much appreciated๐ŸŒธ๐Ÿ™
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