Do I need to transfer my retirement visa funds to a Thai bank account, and can it be a joint account?

Thanks

@Tod ********

and

@Al ******

.

Now I got it. I am from India. :)

@Krishn ********

once you hold a Non-O-A visa you don't need a police check anymore. You exiting and re-entering the country gets you another year as long as you do it prior to the "enter before" date on the visa itself

@Krishn ********

what is your home country?

Dear

@Al ******

. I know 1st year non OA to get from my country n documents. But when I bounces border suppose 11th month anywhere savankhet n reenter in 7 days, How I get police clearances from my country. Funds details I can get by net banking but can't get seal of bank. So please advice about it.

Tnx in advance.

Krishn Menaria the non imm o-a multi entry visa is obtained via a Thai Embassy or official Thai Consulate in one’s home country for those 50 years and older. It is a one year visa with no need for border runs. However, each time the holder leaves Thailand prior to the enter before date stamped on the visa, when the holder re-enters Thailand he/she will be given an additional year from that date. So if the holder times thing correctly he/she could essentially get almost two years before needing to apply for extensions of stay at their local Thai immigration office. There are requirements to getting the visa - income/savings that can remain in one’s home country, a police check and a medical form that must be completed. For specific requirements I suggest you view the website of the embassy/consulate where you would be obtaining this visa - there are slightly different requirements depending on the specific embassy/consulate. I like it in that it provides some breathing room for those moving to Thailand before applying for extensions of stay etc. It is just another possible option.

Dear

@Al ******

. Please explain it in briefly. I unable to understand it completely.

Tnx in advance.

Paul Potter yes, that's why I didn't want to do it, it adds up to 1.8 MIL invested, it is a cracking interest rate there may be catches I'm not sure, you can speak to the manager at the Krungsi bank level 3 central west gate bang yai

300,000 plus 300,000 etc

David Edwin yes but there are commitments to it, I should have added you need 300,000 per year for Six years, it's a good investment but Ties up a lot of cash, this was offered to me by the manager in Central West gate

@David *********

12%? Twelve Percent Interest per year? Really? (Just checking that a decimal point is not missing)

@Clint ********

thanks, I checked my statement and I actually do get interest! 228 baht last December. Whoo hoo!

@Paul *******

welcome Paul just remember to speak to the manager, the tellers will stick to the rules

Krungsi bank advantage account pays 1.3% interest you can withdraw 2 times a month with no charge them 50 bhat each time after, if you use the card to buy goods food etc no charge, they also have another account t which is a term deposit that 12% per annum minimum 300,000 deposited

make sure you get a Visa ATM card so it can be used for purchases anywhere.

This is as of today from the thai gov't. K bank deff pays interest. If it's a current account, then no interest.

Hmm. Can't recall ever receiving interest on my K Bank account.

All savings accounts with the exception of one special one at Krungsri pay 0.5%. The special one at Krungsri pays 1.3%. But is heavily restrictive. You have to maintain a balance daily over 100k thai baht and can't use the account more than 3 times in a month. SCB pays the best rates on fixed term accounts or the equivalent of a CD in America.

@Paul *******

on straight savings accounts you're gonna get almost nothing for interest. Only the fixed or time deposit accounts pay something close to real interest

I have no idea, I use Kasikorn Bank, the offered free easy to use internet banking and virtual credit card. Good helpdesk with English speakers.