Do I need to maintain a bank balance for the renewal of my retirement visa if I have an Affidavit Income Letter?

Thailand retirement visa Affidavit Income Letter Thai bank account requirements visa renewal requirements bank balance for visa international transfers for visa application

May 28, 2024

5 months ago

Winnie *****

ORIGINAL POSTER

I obtained my retirement visa with Affidavit Income Letter from my Home Country Thai Embassy. Therefore, I did not maintained 400k or 800k in my Thai Bank account.  Question 🙋‍♀️: Do I need to deposit 400k or 800k or monthly 65000 @to my Thai Bank account for my next renewal?

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TLDR : Answer Summary

If you have an Affidavit Income Letter from your home country's Thai Embassy, you are not required to maintain a specific amount in a Thai bank account for your retirement visa renewal. However, if you cannot obtain the affidavit for your next renewal, you would then need to either have 800,000 baht in your Thai bank account for two months or demonstrate steady monthly income of 65,000 baht through international transfers for the year leading up to your renewal application.

NON-O RETIREMENT VISA RESOURCES / SERVICES

Go to the Retirement Visa Section for information on requirements, including age restrictions, financial requirements, and necessary documentation.
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Don *************

So you need to transfer

*****

or show them that you urn that amount 🤔

I did the 3 month 0visa in my country so now what I meed to do in the coming months ..

5 months ago

Jan ******************

If you’re from Belgium

@Don ************

, your embassy also offer to give you a affidavit letter to confirm your income. You therefor don’t need to prove income or funds in any other way as long as you can meet the general requirement of 65K baht a month. The affidavit letter from your embassy in Bangkok is valid for six months and you use this for your coming application for Extension of Stay.

5 months ago

Reply to

Jan ******************

Ellie *******

You don't even need a Thai bank account as long as you can get an affidavit of income from your embassy in Thailand for a new yearly extension application.

In case you cannot get an affidavit for next year, you need to have 800k baht in a Thai bank account for 2 months or 65k monthly international transfers for 12 months as of the application date for your next yearly extension.

5 months ago

Winnie *****

ORIGINAL POSTER

I went to the CM immigration to enquire about the renewal. I was told by the officer. Option 1, fly back to Singapore to obtain the affidavit letter from the Thai embassy and apply for the retirement visa again (hence not a renewal). Option 2, deposit 800k in Thai Bank and process the renewal in CM. Deposit 6500k x12 monthly is not possible (it cannot be accumulated nor backdate of that 12x transfer for this renewal or extension. These are the 2 options provided to me. But I will try to use my pension statement (fund outside of Thailand) to see whether it works or not. I will update accordingly. At the meantime, are there any other options that you may share(if any)🙏🏻

5 months ago

NewMic ******

@Ellie ******

Not correct ,some immigrations want to see the affidavit and a bank book showing transfers from outside thailand

5 months ago

Ellie *******

@NewMic *****

, yes, that is the immigration office depending. But as clearly in police order, you can appeal if they ask you to show bank account while you have 100%-covered embassy affidavit..

5 months ago

Reply to

Ellie *******

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What are the current bank balance requirements for renewing a retirement visa in Thailand?

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