I am currently in my first one-year extension of a non-immigrant O retirement visa. I kept 800k balance for 3 months after receiving the extension, and it has dropped below that but remained above 400k since then.
I have also been transferring 65k+ every month since the start of the extension.
My question is whether i need to bring the balance back up to 800k for 2 months or 3 months before applying for the next extension, or can it remain 400k+ and rely on the past 12 months of 65k transfers?
I'm having trouble getting a definitive answer for this. I was just at Chaeng Watthana immigration to do a 90 day report and just can't seem to find the right person to give me the information.
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TLDR : Answer Summary
The user is seeking clarification on the financial requirements for extending their NON-O retirement visa in Thailand. They currently have a balance below the stipulated 800,000 THB but have been making regular transfers. Responses indicate that while keeping 800,000 THB is not mandatory, doing so for at least 2 months prior to the next extension application is recommended as a precaution, especially if considering switching to the income method. Some comments suggest confirming specific requirements at their local immigration office.
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Recommendation. Go to the IO and speak with a supervisor, get their name, then proceed with what you are told. Remember TIT, and things can change by the minute or if someone is having a bad hair day. Good luck.
Colin *********
2months for the first time 3months for the rest of the extensions
Chris *****
For simplicity sake, I recommend to park your 800k thb in a separate savings account & don't touch it. It will give you peace of mind & immigration will also see that you can easily afford to live in Thailand. 800k isn't much anyway đ Your question already has been answered by other members.
Nick ************
I have just done this and played it safe. In other words I had the
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0 baht in my K bank account 3 months prior to application. I applied using 12 monthly payments of
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baht into my BB. I had to submit my UK bank statements. I got my stamp without being asked for my K bank statement. Make of that what you will but playing it safe is always a good idea.
John **********
You do need to ensure that you have 12 full months of a minimum of 65k each and every month at the time you apply for your next extension, not the date your extension is due.
this is a good point - I started the transfers before the first extension so there will be 12 by the time of next application, but i almost did not realize that was needed to start early.
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Alan *******
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Chris *******
Okay this is a best practice approach.
You should bring the account back up to 800k 2 months before the next extension EVEN if you are switching to income method.
By doing this you guarantee that you will get an extension IF for some reason they deny the income method.
Any sort of mistake, or what can be interpreted as a mistake could cause you to start all over again.
For the sake of a couple more months this is the safest practice.
So the answer is are you cautious or are you certain you fully are qualifying for the income method?
I've seen extensions denied because of the money not transferred close to the same date every month and some that dropped just a few baht under because of exchange or fees.
drat, that was in my initial question, and i specifically noted Chaeng Watthana in bangkok, so I was hoping it would get answered based on that. I can only assume the folks that replied 2 months are referring to Chaeng Watthana
almost all offices are 2 months only, there are a couple of rogue offices that want 3 months. Bangkok is 2 months.
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Chris *******
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Graham ******
Will you have 12 months of 65k transfers completed at the time of your application for your next extension? If you started the transfers at the start of your current extension it could be very tight and mean doing your new application right at the very end of your 12 month stamp leaving you very little recovery time for any extra documentation required.
this is a good point - I started the transfers before the extension so there will be 12 by the time of next application, but i almost did not realize that was needed to start early.
Reply to
Alan *******
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Nongnuch ********
for your own safety I would say keep the 800,000 THB in your account from up to 2 months before you next application. After you have switched to the 12-months transfers method and been issued the next 1-year extension, you are safe to take the money out
Doing that will need care to ensure that the extension is granted on the 65k method and not the 800k again. Separate bank accounts would be ideal in such a switch.
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Graham ******
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Jan ******************
The coming two months is eventually for your next extension if you want to continue to apply based on funds. If youâve had two months seasoning before and three months after your current extension and and your account hasnât dropped below 400K baht for twelve months youâve fulfilled the formal requirements for this specific extension.
If you want to switch to the income metode for your next extension it should be sufficient that youâve done twelve months consecutive transfers parallel to and since your current extension was issued.
Requirement for extension of stay based on income should be well known, -twelve months consecutive transfers of minimum 65K baht a month prior to the application.
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Jan ******************
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