Answereda year ago
Do I need to prove that my retirement extension funds came from overseas?
I have 800,000k Baht in my Bangkok Bank account in my name only. In order to use this to get my retirement extension do I have to prove that the money came from an overseas transfer.
Answer summary
To obtain a one-year retirement extension using funds in a Thai bank account, there is no requirement for the money to come from overseas. The funds must be in your name only and held in the account for at least two months before applying. After the application, the funds should remain for three months and not fall below 400,000 Baht for the rest of the year. Required documentation includes a 3-month transaction report and a standard bank letter.
16 repliesnewest first
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Tod *********
and yet again, another thread devolved into the "4 months frozen account" bangkok bank ONLY conversation.
People that has NOTHING to do with visa advice, it's a bank policy
We are done, best of luck to the O/P
People that has NOTHING to do with visa advice, it's a bank policy
We are done, best of luck to the O/P
Henrik ***********
Bangkok bank demand the 800k for 4 months before they make the statement
Andy *******
@Henrik **********
certain branchesFrederick *********
OP@Henrik **********
the money has been in the account for two years, I’m assuming I won’t have a problem getting the letter.
Alan ********
No.
Malcolm *****
What do you call it if you are applying for an annual retirement extension? Is this different than the initial retirement extension.
Isn’t there a requirement for a 12 month bank statement under this situation?
Isn’t there a requirement for a 12 month bank statement under this situation?
Steve ***********
@Malcolm ****
great that Chang Mai immi office posts this info. Every time I apply at Jomtien there are numerous farangs that don't know what docs they need. I've always thought it would be better for farangs--and office personnel, if they posted signs with docs needed for the various visas/extensions. I know you can find it online but seems a lot of people can't find the info they need online.Malcolm *****
@Steve **********
yes - sometimes online is not accurate or up to date 🙄
Alex *****
@Malcolm ****
also the poster.. note handwritten additions . I’ve been doing extensions for more than 5 years now at Chiang Mai, and every time I bring in the paperwork based on last years requirement plus on line check for update, there’s still at least one of the 20-30 pp that I have to change or add more info to.
I’m hoping that one day it might be possible to pre-fill the forms on line …. one day.
Tod *********
To get a year extension based on retirement using banked money method there is no requirement that the funds come from abroad.
You need to have the funds in a thai bank account in your name only for 2 months before you apply for the year extension, the funds need to stay in the account for 3 months after the extension is granted and then the balance can't go below 400k baht the rest of the year.
The documentation you need from the bank is a 3 month detail transaction report (statement), the 'standard bank letter' (stating your name, account, date and balance the day the letter was written) and then update the bank book the date you apply for the extension
You need to have the funds in a thai bank account in your name only for 2 months before you apply for the year extension, the funds need to stay in the account for 3 months after the extension is granted and then the balance can't go below 400k baht the rest of the year.
The documentation you need from the bank is a 3 month detail transaction report (statement), the 'standard bank letter' (stating your name, account, date and balance the day the letter was written) and then update the bank book the date you apply for the extension
Frederick *********
OPDavid Hayes so did you have to agree and sign that your account be frozen for four months and you will not make any withdrawals during that time. Did you have the money in your account long before requesting the letter.
Frederick *********
OP@Tod ********
many thanks for your detailed reply Tod.
Pat ********
@Frederick ********
it's now 4 months before the visa is made ,
David *******
@Tod ********
yes they froze mine for four months and gave me the letter then not four months laterTod *********
@Pat *******
You're confusing a Bangkok Bank banking policy with the seasoning requirements for bank money method on a retirement extension. Those are two completely different things entirely.
Only Bangkok Bank has that wacky 4 month frozen funds policy..
Frederick *********
OP@Pat *******
I think you’re referring to Bangkok Bank insisting the money is deposited in your account for four months before they issue a letter. I’ve had that money in the account for two years. You’re wrong to say the visa takes four months to be issued.Activity
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