Curious I have an retirement visa now with the 800k in bank. I do get over 65k social security as well. Do I have to have it go to thailand bank or just get my social security awards letter notarized at embassy?
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TLDR : Answer Summary
The question raises concerns about whether a retirement visa holder needs to transfer Social Security benefits to a Thai bank. Comments clarify that simply notarizing a Social Security award letter is insufficient and that proof of monthly international transfers of at least 65,000 baht for a year is necessary if opting for the transfer method. Other options include maintaining the required 800,000 baht in the bank for initial extensions or arranging direct deposits from Social Security into a Thai bank account.
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.
You can contact Social Security administration in the Philippines to have them make direct deposit into your Thailand bank.
I have their direct email address. Send me request, if interested.
Greg *********
Thailand makes everything difficult. You would think they would be happy with retirees bring money in
กะลาสี *****
IMHO, by far the easiest thing to do is just leave the 800K THB in the bank. You then don't need to worry about any of the pitfalls spoken about in the earlier comments and the pitfalls are indeed real.
Have your US bank, or SS direct deposit into your Thai Bank acct. When 12 months passed, bank will give you letter. And you give copies of bankbook for 12 consecutive months via FTT ( foreign fund transfer. ) after 1st time its easier. I wouldn't park 800k in a virtual 0-1% interest account.
Peter *********
Peter ****************
Do you mean '1 year extension of stay with 800k฿ on the bank' or you still have the original visa for 90 days ?
If you are on extension of stay, you have to finish this first. After that you can use letter from y'r Thai bank with 12 international deposits of 65k฿.
If you still have the original visa, you need the 800k฿ in the bank for y'r first year extension. 1 year later you can use 12x 65k฿ for this.
John **********
I'm guessing you're American so your embassy won't provide proof of income for you. The only option you have is to either manage a 65k baht transfer yourself to a Thai bank or have SS make the payment directly to that bank. Be aware the transfers must show as being international in your bank account and you need a full 12 months of transfers of an absolute minimum of 65k baht per month
Rj ******
ORIGINAL POSTER
Is this not correct......What is proof of income for Thai visa?
Recent bank statement showing the applicant's name and ending balance of no less than $15,000 or proof of monthly income of not less than $1,500/month) along with the current bank statement showing incoming income. Personal details of a family in Thailand, e.g. valid Thai ID card or Thai Passport.
The U.S. Embassy does not have information on your U.S. income. Because they do not have information on your U.S. income they cannot provide confirmation.
US embassy will not provide income confirmation. If you have the 800k in a Thai bank the Thai bank will issue a confirmation specifically tailored for immigration. If you want to shift to the 65k a month they can do the same. In both cases you’ll need your bank book
Re the 65k- watch exchange rates to make sure you are always above 65k and over the next couple years watch politics for cuts to SS
You either need embassy certified income if your embassy offers it, but many do not. Getting your social security letter notarized won't do anything.
Just getting you social security payment deposited in your bank account also won't do anything. If you want to use transfer method then you need to show proof that you had 65,000 baht transferred into your account every single month for 12 months before you apply for your extension. Doesn't matter how you did it, it just needs to show as an international transfer and must be every month for 12 months.
It's better to do this yourself than rely on your social security payment being deposited directly as many things can cause the payment to be delayed and if you miss the month by even 30 minutes it won't matter, you'll be starting over again from month 1.
I've got a question for you. I recently went to immigration to get my 12 month extension on my non o retirement and asked about the 65k baht. The immigration officer was very disapproving of this method and didn't really get any clarity on what I need for my next extension. But I'm guessing I'll need to submit a statement from wise and from my Australian bank of the wise deposits over the next 12 months in order to use this method. That correct?
immigration could care less about wise or your bank.
It has to be a stamped statement from your Thai bank account showing international transfers of at least 65,000 baht each and every month for 12 months before you apply for your extension.
Just doing a normal wise transfer will not show as international, you have to select the reason as long term stay or something like that.
right got it. Thanks. The Immigration officer certainly didn't explain it this way. He was saying I had to show where it was coming from so I just assumed he meant my Australian account. Thanks for clearing this up
There have been some scattered reports that immigration has started not only asking for proof of the transfers, but also some type of evidence that you are receiving retirement income to account for the transfers. I assume this is so people don't just transfer the money back to their home account and back every month. I haven't heard it to be common yet but apparently it's a thing.