Answered5 years ago

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

Retirement Visa Visa Renewal 800K Baht Requirement Thailand Immigration Rules Expat Finances

asked Sep 29, 2021

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Hello everyone~ Thanks for everyone 😊🙏

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 🌸🌸🌸

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.

10 repliesnewest first

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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.

5 years ago

Bobby ********

You can use the 65k/month method which doesn't tie up your money.

5 years ago

Eileen **********

@Bobby *******

- can the 65k month method be used for visa with spouse?

Like you can use 800k in bank account for married couple?

5 years ago

Bobby ********

Eileen Marrinan. Are you talking Thai spouse?

5 years ago

Benjamin ******

Different question, but I’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).

5 years ago

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.

5 years ago

Nikolas ***************

@Scott ******

*Forget forever (or at least until you plan to stay in Thailand) and let the inflation work.

5 years ago

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.

5 years ago

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.

5 years ago