For my wife and I to retire in Thailand do we need 800,000 baht in bank for each of us?
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TLDR : Answer Summary
For a retirement visa in Thailand, generally each person must maintain 800,000 baht in a Thai bank account, although couples can sometimes use one spouse's funds for extensions. If married, it's typically sufficient for one spouse to have the required amount after the initial visa application. The process varies based on embassies and personal circumstances, with options for income affidavits or confirming monthly income as alternatives. It's advisable to confirm specifics with the local Thai embassy.
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.
yes this is good advice. We do still have some time to get all of our affairs settled over the next couple of years. Just want to be as prepared as possible and really don't want to use an agent. Luckily my wife although from Loas speaks and reads Thai. So this ay even help us get the bank account started without an agent. I'm hearing that can be theist difficult part
Reply to
Vincent *********
Reply
Ken ********
Yes unless she piggy backs of your retirement visa then she has to have about ½ that so I've read
Greg *********
Of coarse
Tullio *******
For the yearly extension you only need 800k in your bank and she will piggyback on yours, for the initial visa issuance I am not sure as it varies country to country Depends what you are requiring, initial visa or yearly extension.
yes obviously once you are here go to you nearest immigration and get all the information for your extension of stay, what works with some of us doesn’t necessarily work for all…. While it may sound absurd it is like this here in Thailand.
no not yet. Of course once we get closer to making the move that will definitely be the plan though. We are thinking of doing this in two more years. Hell it may be totally different by then 😆. We have some things we are waiting to get settled here in the US before we go.
I guess you know, but after the first year you can just use our income and bank statements if one of you or both can meet the requirements of 65 thb in bank every month.
yes, but that’s how most retirement extensions are done in Thailand after the first year if your embassy doesn’t provide verification of your income for the first year.
for getting your initial visa non imm o based on retirement valid for 90 days you should check with the embassy where you apply. Once in country when your apply for your 1 year extension of stay one of you only needs the 800k in an account in his/her name (no joint account) once the primary extension is done. The trailing spouse can apply for his/her extension without the financial requirement.
Vincent *********
ORIGINAL POSTER
I should have mentioned that we are both over 50, retirement visas are what we will be applying for. There are soany different options with Thailand visas. We will be able to leave the funds in an account to cover the requirements
Right, trailing/dependent spouse, 800K in one account with only that spouse's name on that account. That's what we do. There are pros & cons to having it under one spouse versus each having their own extension with their own 800K in the bank. Biggest risk may be that life can be come tough quickly for the dependent spouse if something happens to the primary spouse with the money in their name.
Reply to
Don-Laura *******
Reply
Steve *******
800k a piece. Don’t mess around with any other dodgy approaches. You never know when the government is going to crack down.
I said a couple Thai falang is 400k and a western couple I didn't know but the OP has a Lao wife so non Thai and are delbt with separately therefore 800k each.
U can't even work out a multi entry visa 😂 and U laugh at others.
I've been in Thailand 17 years , I don't claim to know about visas at all but I know how my visa works.
“if married it’s 400,000b a couple” does not equal “Thai falang is 400k”. The OP clearly stated that he and his wife needed retirement visas. By definition, that meant the wife was not Thai. Thais don’t need visas. You didn’t need to know where she was from. If she needs a retirement visa, she’s not Thai.
Meanwhile, if you’re going to stalk old posts to criticize me for something completely unrelated, you should at least get your facts right. I don’t have a multiple-entry visa. Details matter. They’re how you put your foot in your mouth in the first place.
well your reply is still there replying as if the man is married to a Thai and not going for a retirement but for a marriage visa, which wasn't his question. Whatever you write elsewhere I don't read. If you don't want corrective replies, perhaps remove the faulty one. It'll delete everything written below too.
correct. Otherwise, you can use the monthly income method after the first year. Starting immediately, you each need to transfer 65K/mo, so you have 12 months of consistent transfers. That is an alternative way to qualify.
I'm on a retirement visa and new rules say , when U take Ur bank book to do Ur visa or visa renewal , the 800k HAS to be visible in ur bank 2-3 prior and 2-3 after , any other time it doesnt need to be there but i did hear it cant go below 400k so u need to check on that.
This stops the agents depositing the cash for u then 5 mins later returning it.. cos they are trying to by pass it.
Thailand don't want the poor in and they see 800k a year as acceptable.
Generally yes. It's become very difficult to use a trailing spouse visa where only one of you has the money in the bank. If might be possible but depends on the Thai embassy in your home country as it can't be done anywhere else now.