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Answered3 years ago

Do I need to transfer my pension monthly for a retirement visa in Thailand?

Anne *******
asked Mar 10, 2024
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Can anybody tell me, if I am doing the retirement visa with monthly income ( pension) of 65000 tbht. Do I have to transfer this amount of money every month into Thailand or is it enough to have the letter approved from my embassy? (I don't want to transfer this amount of money, because I don't need so much.)
Answer summary
To obtain a retirement visa in Thailand with a monthly income of 65,000 THB, you do not necessarily need to transfer this amount into Thailand every month. Instead, you can have your embassy provide an income certification letter as proof of your pension income. This is sufficient for the application process. However, requirements may vary based on your nationality, so check with your embassy or consulate regarding the specific documents needed.
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Michael ***********
Michael ***********
Geh mit deinem Rentenbescheid ub Pass zur Botschaft oder Konsulat, dort wird die dann die Bescheinigung ausgestellt. Kostet ein paar baht.

Gruss M.
Theo *********
Theo *********
Ben net thuis ga nu uurtje slapen dan gaat de tijd sneller hoop ik
Nicky *******
Nicky *******
@Theo ********
slaap lekker.
Jeff *********
Jeff *********
Damn I wish I could say that 😆
Jan ******************
Jan ******************
Depends on your citizenship and passport. If you’re from Germany your embassy will provide you a sufficient letter. If you’re from the US you’ll need to prove a monthly transfer over sea for twelve months. (For applying in Thailand or you first year extension of stay you’ll also need 800K in your bank if you’re from US.)
Steve **********
Steve **********
Was a time some Countries, ( can only speak for US ) accepted a form from you attesting to monthly income then notarized. I used for 10 years, then they stopped.

I now get monthly statement printed every year showing a monthly income, and it's accepted with bank letter. Pain in the ass, but....its what they want. You can have it sent FTT to satisfy IO, then wire what you don't need back. That was true for US until 8 or 10 years ago, but Consul stopped issuing. Some countries still do.

But stuck with your bank showing overseas transfers.
Anne *******
Anne *******
OP
@Steve *********
, Germany still issues the notarized letter.
Jan ******************
Jan ******************
@Steve *********
yes sad, our Norwegian and several other embassies in Europe still provide this service.
Steve **********
Steve **********
@Jan *****************
I agree , I honestly can't recall, as so many years ago. I don't believe, or recall nesting funds, only my monthly income. Requirements have changed over the years . But can certainly agree, a criteria is needed.

When 1st came, knew a few that hadn't had visa in decades, pretended to be jewelers or guides feeding off the tourist trade.. any income went straight toward bar tab.
Jan ******************
Jan ******************
@Steve *********
I agree but after the first year extension of stay everyone can use their bank statements to proof their income and for some people it can be a bit hard to put 800K in a bank for the first year even though they don’t have any problems supporting themselves on their monthly income.
Steve **********
Steve **********
@Jan *****************
there are pro's snd con's to it, but Govt wants to be assured you have means to support yourself here.

A bit silly as if you don't, there aren't agencies to assist, and unless work permit, can't work.
Steve **********
Steve **********
@Jan *****************
Northern European countries usually excel
John **********
John **********
@Jan *****************
but if you're income from your pension is not enough for the embassy to issue the certificate then their only option is the 800k option
Steve **********
Steve **********
@John *********
The Embassy or Consul just required the income letter to be notarized, not proven.
John **********
John **********
@Steve *********
I think this why they stopped. The thai authorities wanted them to verify the income. A couple of embassies just notarise income but that is no longer acceptable to immigration
Jan ******************
Jan ******************
@John *********
You’re right. It’s anyway minimum 65K a month. For the second year extension of stay it can also be a combination income/bank in total minimum 800K a year.
Jan ******************
Jan ******************
@Anne ******
As you see her if they’ll ask for your bank, at least the last two months is sufficient. As told, normally letter is what’s required. But practice varies and I’ve heard of someone also asked to show bank statements when they applied for extension of stay. (Chiang Khan).
Jan ******************
Jan ******************
@Anne ******
I think the letter from the embassy it’s self it’s sufficient for to proof your income. (Nice to hear that you anyway can live a good life in Thailand with less than minimum of what’s required for visa😉).
Anne *******
Anne *******
OP
@Jan *****************
, I ve got the retirement visa already..it's abouty extension. Before I transferred all my money to my Thai account every month but because I don't need so much money, I was thinking to transfer less money every month.
Jan ******************
Jan ******************
@Anne ******
As I understand from Norwegian people living in Thailand is that they just send their pension papers by e-mail to the Norwegian embassy in Bangkok, pay a small fee and after a while have the confirmation letter in return and that this is sufficient for the local immigration when they apply for their yearly extension of stay. (Or when applying for a Non O from Thailand if that’s the case). If you’re not already in Thailand it’s best to apply for a 90 days Non O in Germany first as it’s not easy to open a bank account in Thailand without a Long stay visa. (An agent might anyway help you to open).
Anne *******
Anne *******
OP
@Jan *****************
, thanks, I am from Germany. And my monthly pension is enough to meet the
*****
BHT. My question was if I really need to transfer all of the money every month to my Thai account .
John **********
John **********
@Jan *****************
that's my understanding
Jan ******************
Jan ******************
@John *********
I see there’s comment about this and I don’t know, but if there’s an updated list at the immigration offices over which embassies who provides and who don’t, I guess this is right. So this means if you’re pension is below 65K a month and your embassy provides a letter, you’ll anyway need 800K in your bank also for your second year extension of stay. (Combination option is out).
John **********
John **********
@Jan *****************
I don't believe you can use monthly income if your embassy provides an income affidavit/certificate
Steffi ***********
Steffi ***********
@An**
Nein, brauchst du nicht zu überweisen. Der Attaché will folgende Unterlagen von dir:

- Reisepass

- Rentenbescheid (ab wann die Rente gewährt wurde)

- Eine Kopie der letzten Erhöhung (hier -> DRV vom Juli 2023)

- Und zur Sicherheit noch Kopien der letzten drei Zahlungen auf dein deutsches Konto.

Die Beglaubigung in Bangkok hat 5 min. gedauert und 1.300 Baht gekostet.

Die Immigration möchte dann nur die Originalbeglaubigung sehen.

Gutes Gelingen 👍🏼
Anne *******
Anne *******
OP
@Steffi **********
, vielen Dank liebe Steffi! Super info!
Steffi ***********
Steffi ***********
@Anne ******
Sehr gerne ! Ich habe diesen Prozeß gerade hinter mir. Also fallst du noch Fragen hast, melde dich sehr gerne bei mir 😊
John **********
John **********
@Steffi **********
but you do need to satisfy the 65k per month required or you must use the 800k method
Steffi ***********
Steffi ***********
@John *********
Well, the lady was asking about the 65.000 THB option. No need to have 800.000 THB in your bank account then.
John **********
John **********
@Anne ******
proving is enough
Anne *******
Anne *******
OP
@John *********
, I can prove that income with a certificate of my embassy. My question was, if it's enough to prove it or if I actually have to transfer it to my Thai account every month.
John **********
John **********
@Steffi **********
these things are not straightforward
Steffi ***********
Steffi ***********
@John *********
Gsus 😱 She will get the certificate because she has that income 🤦🏼‍♀️
John **********
John **********
@Steffi **********
yep, as long as she can get the certificate. There is a distinction to be made, to get the certificate you need to show income, to transfer 65k baht per month you don't (you can use savings) so that's why I answered the way I did.
Steffi ***********
Steffi ***********
@John *********
Exactly 👍🏼 I never said anything else 🤷🏼‍♀️She does not need to transfer the money to Thailand at all
John **********
John **********
@Steffi **********
she was referring to transferring 65k baht per month but that option is not open to her. She only can prove her income via her embassy or use 800k. If she can prove the 65k income to her embassy she's good to go
Steffi ***********
Steffi ***********
@John *********
But she said, she has the 65.000 THB 🤷🏼‍♀️
John **********
John **********
@Steffi **********
yes she was and if she can satisfy that option via an income affidavit/certificate from her embassy she's good. If she can't her only alternative is 800k in a Thai bank account
Brandon ************
Brandon ************
If your embassy provides income certification then that's the only proof of income you're allowed to use. You cannot use monthly transfers.

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