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Do I need to maintain a specific bank balance for my retirement non-O visa in Thailand?

Visa Types Retirement Visa Non-O Visa Bank Balance Requirements 90 Day Reporting Thai Immigration Rules

Sep 1, 2023

2 years ago

Greg *******

ORIGINAL POSTER

I have a 1 year retirement non O visa. I will not extend it again. Does anyone know:

1. practically speaking do I need to maintain the required balances, e.g. 800,000 for the first and last 3 months and a 400,000 for the other months?

1. Are bank balances checked/reported as part of the 90 day check in procedure?

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TLDR : Answer Summary

The primary concern for holding a 1-year retirement non-O visa in Thailand relates to maintaining the required bank balances. According to community inputs, you need to keep 800,000 baht in your bank account for the first 3 months after obtaining the extension; for the subsequent months, the balance can drop to 400,000 baht. It's generally not required to show bank balances unless asked during the 90-day reporting, although some immigration offices may request it. Additionally, not adhering to the bank balance requirement could lead to complications or penalties, especially if you change visa types later.

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Nick ************

I would proceed as if I was going to renew the extension then you can't go wrong. I've never been asked for bank statements at 90 day reporting but they could. Report on line and it won't matter.

2 years ago

Greg *******

ORIGINAL POSTER

Thanks for all the responses. There seems to be a consensus that 800T for 3 months, then 400T until I leave Thailand when the visa expires, i.e. I am not violating my visa requirements by not having 800T for the last 2 months.

That said, there is no formal requirement for me to report my bank balance during the visa period, although Immigration could ask anytime they want.

2 years ago

Bob **********

Your not renewing it doesn’t matter

2 years ago

John **********

You only need 800k for the last 2 months if you are going to apply for another extension. If you are not going to apply for another extension you need 800k for the first 3 months then 400k for the remainder of the year.

2 years ago

James ********

@John *********

but he's required to keep the balance of 400,000 Thai baht in his Thai bank account during the other 5 months of the year.

2 years ago

James ********

YES that's okay. Thanks 👍

2 years ago

John **********

@James *******

9 months surely? 800k for 3 months, 400k for 9 months just no need to go back up to 800k for the final 2 months as he won't be applying for another extension.

2 years ago

Tod *********

@John *********

that would work, 800K for 3 months after the extension is granted and then 400K baht the rest of the time until he goes OFF that extension

2 years ago

Reply to

Tod *********

ไมเคิล **********

If you already on the 1 yr extension of stay based on retirement, and if you are planning to later convert to another long stay type visa while in country, you are suppose to maintain all the terms of your original visa, else it creates complications. Just my experience converting from Non O to Elite.

2 years ago

James ********

IT sounds like you just obtained the One year extension of stay as retired.

And thinking that NOW that I have the one year stamp in my passport, I can take the 800,000 Thai baht and spend it during the coming months and leave Thailand at the end of the year granted.

Be careful with that kind of thinking.

It's against the Thai Immigration rules for your current extension of stay granted to you.

After 3 months, you can draw down to 400,000 Thai baht bank balance.

2 years ago

James ********

Be VERY careful with the steps you take during the One year extension of stay as retired... while you are still in Thailand.

When you applied for and accepted the one year extension of stay as retired ...

You Agreed to maintain the financial requirements for that extension

Which INCLUDES as you stated.

To not maintain the required Bank account balance is in violation of your granted permission to stay in Thailand.

And IF discovered you are on OVERSTAY and subject to its penalties.

You asked about the 90 day reports...

Usually not required to submit bank account balance reports.

Although you may be asked to provide the bank account balance in your first 90 day report in some Thai immigration offices.

2 years ago

Wannikea *********

1 no, and it's 2 months before and 3 months after

2 90 day report has nothing to do with bank funds

2 years ago

Reply to

Wannikea *********

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