Answered4 years ago

Do I need to keep 800K in my Thai bank account for 2 months before applying for a Non-O retirement visa or a one-year extension in Thailand?

Retirement Visa Non-O Visa Visa Requirements Chiang Mai Immigration Bank Account Requirements Thai Visa Rules

Charles ***********

asked Dec 12, 2022

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Question regarding the 800K for a "retirement visa" when applying inside Thailand: does the 800K need to be in your Thai bank account for 2 months before applying for the Non-O visa, or for 2 months before applying for the "one year extension based on retirement"?

Or does this depend on your immigration office? If so, does anyone know the rule for Chiang Mai?

Thanks.

Answer summary

When applying for a Non-O visa based on retirement in Thailand, particularly in Chiang Mai, the 800,000 baht does not need to be in your Thai bank account for two months prior to applying for the initial visa. However, the two-month seasoning rule is necessary when applying for the one-year extension based on retirement. Additionally, you should have a minimum of 21 days left on your current visa before applying for the Non-O visa due to Chiang Mai's processing times.

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Tod *********

Unless I'm mistaken using the 800K baht banked money method for the initial Non-O visa based on being over 50 (retirement) in Chiang Mai does NOT need to be seasoned the two months and I don't believe it even requires proof of origin from abroad. Only that it's in a thai bank account in your name only before you apply for the 90 day Non-O visa

They do require the 2 month seasoning on the yearly extension though

Keep in mind thought Chiang Mai does require you have a minimum of 21 days left on your stamp because of their 15 working day under review period on Non-Immigrant type visas issued there.

4 years ago

Robert ************

@Tod ********

Addendum: Also, either Passbook Savings or Fixed Deposit is Ok (but not Investment Accounts). But, all above, should be differentiated from the Income Method -- which, definitely does require proof of foreign funds origin, and regular monthly deposits for prior 12 mos. (ie. A "Big Pain in the Arse").

4 years ago

Robert ************

Tod is absolutely correct. My wife and I just did it in CM. No Seasoning required for initial 90-day Non-O, and No Proof of origin of money, just so long as it is deposited in Thai Bank. AND, also note it IS OK (esp. for husband and wife) to use a JOINT ACCOUNT -- of course, that requires double the money i.e. 1.6 Mil. Baht.

4 years ago

Charles ***********

@Robert ***********

Thanks for the confirmation!

4 years ago

Tod *********

@Robert ***********

thanx so much for that update (and confirmation too 😛 ) I appreciate it a great deal

4 years ago

Peter ********

That information has helped me as well. I will check with immigration when I arrive in CM.

4 years ago

Charles ***********

@Tod ********

Thanks Tod, much appreciated.

4 years ago

Tod *********

@Charles **********

best thing you can do is when you get to Chiang Mai you head on over to the immigration office by the airport and ask them. I am pretty sure I gave you accurate info

4 years ago