Answereda year ago
Do I need to maintain a balance of 800k THB for 2 or 3 months before applying for my second year extension of my O retirement visa in Thailand?
Hi - I am on my first year extension of stay after having a type O retirement visa. I maintained the 800k balance for 2 months prior to and 3 months after the extension was granted. And after that it can drop no lower than 400k and I have kept it well above that.
My question:
Prior to applying for the next (second) year extension, I understand the balance needs to be 800K again -
for at least 2 months prior to application for renewal?
Or is it 3 months?
Reading the sheet from the immigration office looks like 2 months, while I see 3 months stated on other web sites. There is one site that says "keep in mind the next extension requires 3 months prior, unlike the first one", while the immigration office printout only describes '2 months prior and 3 months after'
My question:
Prior to applying for the next (second) year extension, I understand the balance needs to be 800K again -
for at least 2 months prior to application for renewal?
Or is it 3 months?
Reading the sheet from the immigration office looks like 2 months, while I see 3 months stated on other web sites. There is one site that says "keep in mind the next extension requires 3 months prior, unlike the first one", while the immigration office printout only describes '2 months prior and 3 months after'
Answer summary
The question is about the requirements for maintaining a bank balance for obtaining a second year extension of a Type O retirement visa in Thailand, specifically whether the balance of 800,000 THB needs to be kept for 2 months or 3 months prior to the application. Comments from other users suggest that while the immigration office documentation states 2 months prior, there is some uncertainty in the expat community, with some recommending to maintain the 800k balance for 3 months to be safe. Another commenter pointed out a potential misunderstanding of the visa status, clarifying the distinction between an extension of stay based on age versus a retirement visa.
27 repliesnewest first
Click comment and we will ask for your email, then OTP, then name.
Rod *********
Some IO want 2 and some want 3 months so just do 3 to be safe
Paul *******
Actually, you are not on a Retirement Visa Extension at all. When you visa ran out it was finished. I think that you are probably on an extensionj of stay based on being over 50 years. That is not a vis extension.
Alan *******
OPYes, I am on my first year extension (of stay) of a type O retirement visa, which has the requirements I am inquiring about.
Tony *****
@Alan ******
perfect. I hope it goes well
Nongnuch ********
@Alan ******
you are on an "extended stay permit based on being retired", not on a "retirement visa". The visa you used to get the "1-year stay permit" out of, already became invalid upon entering ThailandAlan *******
OPI understand that. Next time I ask about the 800K balance requirements I will write it all out like that. Thnks
Tony *****
Just a quick question for you. Are you in a position to use the 65K a month option? Thanks
Alan *******
OP@Tony ****
yes I have also been doing 65k a month for the year in hopes to transition to that only for the 2nd year and on.John **********
2 months prior to applying officially. My immigration office also asks for it 3 months prior to applying for the second and subsequent extensions so get the handout from your immigration office and see what it says
Alan *******
OP@John *********
the handout from Chaeng Watthana only includes 2 mnth prior and 3 after application approval as in the first year, but i don't see anything about following year being different for the full balance requirements
Gerg **********
@Alan ******
Do you happen to have a photo of that handout?Gerg **********
@Alan ******
Thanks!John **********
@Alan ******
then it won't be any different if that's the office you will use, that's the normal scenario. My immigration office is a bit of an outlier in this regard, they can all vary slightly which is why it's always best to get the handout from the office you will use
Jack ********
Easier to just keep ฿800K at all times and not have to worry about it
Roberto *********
@Jack *******
Easiest of all is the 65k monthly transfers! You can use it as soon as it hits your bank accountAlan *******
OP@Roberto ********
yes! I aim to do that when applying for the 2nd extension. I will be able to show the 12 months of deposits, and I am guessing it will be during the application process that I request to use the 65k monthly method for the 2nd year, as I have not seen any forms for it, etc. Any basic advice on that? Thanks
Nick ************
@Alan ******
I used the Bangkok bank statements ordered from my banking app which I printed out. Immigration was fine with them not stamped or anything.Alan *******
OP@Nick ***********
great pointer to have home-country bank records in hand too. I know my bkk bank prints the international transfer notation, so good with that too. ThanksNick ************
@Alan ******
that is correct, I did it in February. The only complication was that even though my Thai bank book and statements showed 12 international transfers the IO wanted proof of where they had come from. I had to provide my UK bank statements and they spent a long time checking money out matched money in. They did not ask for Wise transfer documents but I had them available in case.Alan *******
OP@Roberto ********
yes - I refer to the handout in my post. The issue is interpreting it correctlyRoberto *********
@Alan ******
Go to your immigration office. They might have a handoutAlan *******
OP@Roberto ********
Thanks - that's all I could understand so far. As I understand it in the first year you have to do BOTH the 880k plus the 65k /month in order that the following year(s) you can just do the 65k/month only... I just hope to hear them say that and perhaps something in writing...Roberto *********
@Alan ******
You don't apply to use that method. When you next extend you just show the 12 x 65k transfers. Make sure there is one for each calendar month, and make sure they are denoted as international transfer in your bank book/bank statementAlan *******
OP@Jack *******
yes, not worry would be great, but as noted, I did drop below during the allowable time period, which for me made things a little easier.
Peter *********
@Jack *******
exactly 💯
Stuart *********
2 months prior to your next application date.
Activity
12 joined12
people
Related
25What are the steps to retire in Thailand and obtain a retirement visa?
5.1k38675mo
Can I divide the required minimum amount for my retirement visa into two bank accounts?
7.8k551148mo
How can I expedite getting a 12-month extension on a Non-O visa for retirement in Thailand?
3.9k353010mo
Do I need to get a 90-day stamp upon entering Thailand with a retirement visa?
2.2k21111y
What documents do I need to extend my Non-O visa for retirement in Thailand?
3.6k31291y
What is the correct process for obtaining a retirement visa in Thailand as a New Zealand citizen?
1.3k982y
What are the financial requirements for obtaining a retirement visa in Thailand at age 50?
2.8k16292y
Is health insurance mandatory for a retirement visa extension in Thailand?
2.4k17222y
Can I apply for a Thai retirement visa if I am under 50 years old and married to someone who is eligible?
3.6k26313y
What steps do I need to take to convert my non-immigrant visa to a retirement visa in Thailand?
2k4413y
What consequences can arise from inadvertently overstaying a retirement visa in Thailand?
12.8k632533y
Can I extend or renew my OA multi-entry retirement visa while in Thailand?
1.5k10123y
What are the steps to obtain a retirement visa in Thailand, and do I need to open a Thai bank account prior to applying?
9.2k83774y
How can I apply for a retirement visa in Bangkok if only one person will sign the rental contract for three occupants?
2.8k26164y
How can I obtain the necessary documents for my NON-O retirement visa extension on the same day as my application at BKK immigration?
2.5k14354y
Can I apply for a retirement visa in Thailand three months before I turn 50, and what are the fund requirements?
1.2k6114y
Is it difficult to obtain a bank letter and statements from a different branch when applying for a retirement extension in Thailand?
1.1k864y
How long do I need to keep 800k THB in the bank when using a non-O retirement visa in Thailand before switching to monthly income?
776274y
What are the reporting and visa change requirements for a retirement visa in Thailand?
1k835y
What are the requirements for extending a retirement visa using the 800K baht deposit method in Thailand?
3.2k19455y
What are the financial requirements for the O retirement visa in Thailand regarding the 800,000 Baht and its renewal?
3.2k19465y
What options do Australian retirees over 50 have for obtaining a visa to live in Thailand?
9.2k90625y
Do I need an embassy letter to extend my visa in Thailand after multiple extensions?
1.4k10117y
Do I qualify for a Non-Immigrant Type O visa if I don't have a state pension?
1.9k14147y
Should I apply for my "O" retirement visa in Australia or Thailand?
3.8k33268y
Resources
Need help with your retirement visa?
#1 visa agent · 4,000+ reviews · 100,000+ expats served