Do I need to maintain 800,000 THB in my bank account if I switch to a monthly income visa extension?

Oct 18, 2019
5 years ago
Phil ********
ORIGINAL POSTER
I have a question which, based on a brief search, does not appear to have been posed before.

I have just successfully extended my non-Imm O-A visa for a further 12 months, based upon having 800,000 THB in a Thai Bank account.

However next year I plan to extend based upon having 12 monthly deposits of minimum 65,000 THB income (international transfer).

My question is this: will I still be required to maintain the 800,000 THB for 3 months, and subsequently the 400,000 THB continuously for the following 9 months?

Thank you in advance.
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TLDR : Answer Summary
The user is seeking clarification on the financial requirements for extending their non-OA visa in Thailand. They have successfully extended it based on maintaining 800,000 THB in a Thai bank account and plan to switch to a requirement based on monthly income of 65,000 THB next year. The discussion reveals that while transitioning to the income method, the user still needs to adhere to the conditions of the current extension, which includes retaining the 800,000 THB for three months and subsequently maintaining a lower threshold of 400,000 THB for the remainder of the year. Various comments agree that it may be prudent to fulfill both financial requirements during the transition.
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Scott ********
I believe it is either/or but since you started with having 800k baht in the bank and plan on switching to the monthly 65k baht deposit I would meet both requirements just in case they apply one rule but not the other. This way you’re covered either way and you should (5555) be able to transition easily to the 65k baht a month criteria.

Give them fewer things to think about, fewer reasons to say no, and have a smile on your face. The IO’s in Udon Thani are awesome by the way. Probably doesn’t apply where you are though.
James ********
You stated you extended your "O-A" visa...is that what you did?
James ********
@Tod ********
and no mention of health insurance required...as its before Oct 31 effective date.
Tod *********
They wrang the two years out of an O-A visa that they got (it had an enter date of Oct 2018) and this is their first in country extension from that visa.
Dan ******
I thought it was EITHER OR, not both proof of 800K bht AND 65K per month income?
Paul ********
Logically the 800k has to remain in the bank and so to change to registered income basis you need to tranfer 65k every month including the months when the 800 portion is tied up.
Tod *********
I think because the O/P got this current extension based on using banked money that if they are going to switch to the monthly income method for their next extension they would still need to meet the requirements for THIS extensions (which are keep the money in the bank for 3 months after the extension is granted and don't let the balance of the account go below 400K the rest of the year). I think it could be argued that IF they didn't meet those requirements their current extension would be void from the date the requirements ceased to be followed.
Dan ******
Good for clarification.
Robert *******
It is OR money in the bank OR monthly income
Phil ********
ORIGINAL POSTER
Thanks Robert and Tod. Sounds logical and kind of what I anticipated. Fundamentally, next October I will need to show proof of two things:

1. The 3 month retention of 800k and the 9 month retention of the 400k AND

2. The monthly income of 65k.

I’m assuming that will be two different bank letters as well as copies of my bank book. I’ll let you know in 11.5 months!
Tod *********
I would hazard a guess that IF you started transferring in to the country in to a thai bank account in your name only the minimum 65K baht a month NOW so that when you apply for your new extension next year you have 12 months of international transfers that you would meet the financial requirements via the monthly income method BUT to keep the extension you have now valid you would still have to follow the terms of the extension which is bank the money 2 months before you apply, keep the balance above 800K for 3 months AFTER you got the extension AND don't let the balance go below 400K baht the rest of the year.

Even if you were transferring in the 65K baht a month, they could look at your bank book and IF you didn't follow those terms that were required for this extension say that you lost the extension the minute you violated the terms of it.
Tod *********
I'd certainly leave the 800K in the bank for 3 months more and not let the balance on that account go below 400K AND transfer in 65K baht a month as well until NEXT year when you're switching to monthly income method and get the next extension
Robert *******
You got 1 year Extension of Stay based on these conditions. What ever you like to do in the future, you have to follow the conditions of this Extension of Stay to keep it valid
Tod *********
When you got your extension this time were you given a paper that told you to update your bank book and return in 3 months to show the balance was still at 800K baht?
Phil ********
ORIGINAL POSTER
@Tod ********
No. I was shown the new stamp in my passport (this at Chiang Mai immigration office); the new expiry date was pointed out to me and I was reminded I’d need to buy a re-entry permit should I decide to temporarily leave the country.
Tod *********
Good question.(y)
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