Answered2 years ago
Do I need to maintain an 800,000 Baht deposit in Thailand if I receive a pension of more than $2,000 a month from the USA?
If I have pension of more than $2K a month from USA, do I still need 800K Bath deposit?
Answer summary
Even with a pension of over $2,000 per month from the USA, you still need to maintain an 800,000 Baht deposit in your Thai bank account for the initial 1-year retirement visa, as the US embassy does not issue income verification letters. After the first year, there are options to switch to a monthly transfer verification, but the 800,000 Baht is necessary for initial compliance with Thai immigration rules. Some alternative options, such as using an agent to front the funds temporarily, are available but at a cost.
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Scott ********
I just came with a 90 Non O visa, opened a bank account and used an agent to get 1 year retirement visa. Cost paid to agent was 18,000 baht + 4,000 baht for multiple entry for a total of 22,000 baht. Did not have to have much in bank account. The immigration office actually gave me 15 months before expiration! 90 days plus 1 year!
Bob **********
@Scott *******
your a lucky guy that’s the cheapest I’ve ever heardScott ********
@Bob *********
I used Thai Visa Centre
Terry ********
Only if you like really expensive bathes.
Darin ********
Yes
Erhan *******
Your pension can be lower any time soon
🤣🤣
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กะลาสี *****
@Stephen ******************
thanks but I have no need for an agent. I keep 800K in a bank account. I was just making a suggestion for the person who made the initial inquiry about 65K a month, if he didn't have the 800K.
Courtney ******
Uh New remote Work Visa should be easy! From what I have seem $12,000 USD In bank! Verified US remote Job gets you a 5 year VISA!!
Arendarski *******
OPWhat if pension letter from Social Security Office is apostled in USA before coming?
John **********
@Arendarski ******
nope
David **********
I think if you can show 600 + pension going into your Thai account it's not necessarily to have the 800 I would still check this ??
Brandon ************
@David *********
it's 65k and it's only possible to use for year 2.กะลาสี *****
If you don't have the 800K Baht in the bank there is another option. That being to pay an agent to front you the funds. In my experience most, if not all agents offer this service. However, it'll cost you in the neighborhood of 30K Baht for your first 15 months in TL.
Stephen *******************
@กะลาสี ****
There are ot cheaper visa agents doing the work for less than 30K bahtI was quoted as low as 16k and 18k recently
I think the new 60 day exempt stamp is hurting their business so they are reducing their charges dramaticly🙄
Brandon ************
@Stephen ******************
that's usually the price for the extension after the first year, not the visa and first year price.Stephen *******************
@Brandon ***********
Brandon yes that is exactly what I thought so I asked for confirmation and again they confirmed the price after asking them to look again at the information They are losing alot of business because of the 60 day exemption and the low season combined
กะลาสี *****
@Stephen ******************
I had no idea you could get it done that cheaply these days!Stephen *******************
@กะลาสี ****
Yes if you dm me i could pass the information on to you with the Agents namesExcellent reviews and many happy customers looking at what people say about them
Rod ********
Bhat
Josh *******
Brandon ************
Yes, you still need the 800k baht. The US embassy does not issue income verification, and that's the ONLY thing immigration will accept for both a conversion to the 90-day non-O visa, or for the first 1-year extension. It's embassy certificate or 800,000 in your Thai bank. Since the US embassy doesn't offer the certificate, the only option left is 800,000.
There are options to switch to a monthly transfer after the first year, but you'd still need the 800,000 for that first 12-15 months.
There are options to switch to a monthly transfer after the first year, but you'd still need the 800,000 for that first 12-15 months.
Stuart ********
@Brandon ***********
Does UK embassy provide a certificate to provide/verify annual income?John **********
Stuart ********
@John *********
cheers
จอห์นนี่ *******
I would think one could make monthly deposits for a year without actually residing in Thailand and then use the monthly deposits as proof of funds after a year has passed. Yes? No? Maybe?
Brandon ************
@จอห์นนี่ ******
no. To do a conversion to non-O or the first 1-year extension you cannot use monthly transfers. Regardless of how long you've had transfers, the first 1-year extension can ONLY be money in the bank or embassy certified income.Brandon ************
@จอห์นนี่ ******
yes. You for sure cannot use it to obtain a 90 day non-O visa or to apply for the one year extension from the 90-day visa (which would be the first extension). There's no doubt. It can't be done. For year 2 you can use it.
จอห์นนี่ *******
So in other words, nobody know for su.
Sean **********
@จอห์นนี่ ******
in my experience maybe. Immigration agent told me they would only accept a letter of guarantee from the origin countries embassy. The US will no longer provide the said letter. Therefore I was told NO!
Curtis ********
@Brandon ***********
so the monthly deposit to a Thai bank want work for the requirements?
Jay ****
@Curtis *******
after the 1st year it will. But you need to maintain required balance and not let it drop below. You can use the funds but it must be back up a few months before applying for extension. You can use an agent to 'make the funds appear' but that is another discussion. Brandon is very knowledgeable, definitely take his advice.Activity
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