Do I need to transfer 800K through international banking channels for a Thai retirement visa if I've used WISE?

Retirement Visa Non-O Visa Banking Requirements International Transfers Visa Application Process Thailand Expat Finance

Jan 16, 2024

a year ago

ORIGINAL POSTER

Retirement visa: I have been using the bank WISE (formerly transferwise) to transfer funds from overseas, so there is no proof it came from overseas. On the other hand I have maintained a balance over 1 million for several years. Will this be accepted, or do I still have to transfer 800K through international banking channels?

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TLDR : Answer Summary

When applying for a retirement visa in Thailand, it's important to show that the required funds have been transferred internationally. For an initial application for a Non-O visa based on retirement, your banked money of 800,000 baht must be documented as international transfers if you are applying for the first time. However, if you are seeking a one-year extension of stay, the funds do not need to have been transferred internationally. You may consider setting parameters in WISE to ensure your transfers are recognized as international.

NON-O RETIREMENT VISA RESOURCES / SERVICES

Go to the Retirement Visa Section for information on requirements, including age restrictions, financial requirements, and necessary documentation.
For immediate assistance, contact Thai Visa Centre directly via LINE at @ThaiVisaCentre or Email them.
Explore recent discussions by using the Non-O Retirement Visa tag in the search box at the top of the page.
Join the Thai Visa Advice Facebook Group to ask your questions, and get advice from others.

James ********

Suggest you ask your question on the WISE forum on Facebook. Their members can help you with getting the correct coding for your transfers to your Thai Bank account. Good Luck 🍀

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a year ago

Ellie *******

Your banked money of 800K baht has to be shown as international transfer(s) when you apply for an initial in-country Non-O visa based on being over 50 yo.

Your funds don't have to be transferred internationally when you apply for a 1-year extension based on being over 50/retirement.

It depends on where you want to apply for your first visa if your current account meets the requirements or not.

You can set parameters on WISE to meet the requirements (show as international transfer on your bank record), but how to use WISE is out of the scope of this group.

a year ago

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Ellie *******

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Do funds for a retirement visa in Thailand still need to come from overseas, and how should they be transferred via Wise?

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