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Answered4 years ago

Do I need to keep the retirement funds in my Thai bank account for 2 months before applying for the Non-O visa?

Charles *************
asked Sep 7, 2022
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Good day to all here and thanks for the help. I plan to retire in Thailand next year and I understand the bank amounts. What I don't understand is when I first apply you the visa does the money need to be in the account for the 2 months before I can apply. If so I am in Thailand now should I go open a account and send the money into the account a little bit at a time
Answer summary
When applying for a Non-O visa based on retirement in Thailand, you do not need to have the funds in your bank account for a minimum period prior to application. However, for a subsequent 1-year extension, the funds must be in the account at least two months before the application date. It is also advisable to transfer the required amount in one go to avoid potential issues with different immigration offices.
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Tod *********
Tod *********
@Charles ************
there is no upside to sending the money a little bit at a time because IF you use an office that requires the 800K baht to be seasoned two months before you apply for the 90 day Non-O that two months won't start until your balance hits 800K

Transfer it in all at once is fine.

There are only one or two that require the banked money seasoned for the initial 90 day Non-O (Jomtien and one other one I can't remember) all the rest just need you to show the funds in a thai bank account in your name only transferred in from abroad (and Chiang Mai doesn't even require you show where the 800K baht came from) 😮

What immigration office are you using?
Charles *************
Charles *************
OP
@Tod ********
not sure yet as to where I plan to live when I come to retire. I was just looking at having the bank in USA having to report over $10,000 transfer out of country
Stuart ***********
Stuart ***********
@Charles ************
where you live is important to decide first, as your bank account, address and immigration office ideally all need to be in one place, because you need to get statements and letters from the bank on the day you apply for the non O visa.
Charles *************
Charles *************
OP
Thanks 😊
Tod *********
Tod *********
@Charles ************
once you hit 10K USD in your thai bank YOU'LL have to report it on your taxes and the bank will report it

So a bit at a time or a lot at once it's on you.

And that's nothing to do with "visa advice" 😉
Ellie *******
Ellie *******
For the initial in-country Non-O visa based on Retirement that you are applying for at your local immigration office, the funds aren't required to be sit in your bank account for a minimum period.

It has to be in your bank account at least two months prior to your application day (not the day of your extension starts) for your 1-year extension.

You need to go to your local immigration office to get the handout of the requirements for the In-country Non-O visa application AND 1-year extension because those are office specific.

But here is the general information for in-country Non-O retirement requirements and attached is general info for a 1-year extension.

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*******
/9.FOR-RETIREMENT-PURPOSES-50-YEARS-OLD-NON-O.pdf

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