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Do non-OA visa holders need to maintain an 800K balance for 3 months after the extension?

NON-O Visa Thai Retirement Visa Visa Extension Rules Bank Balance Requirements Thai Immigration Policy

Dec 7, 2020

4 years ago

ORIGINAL POSTER

Do non-OA needs to keep the minimum 800K balance for 3 months after extension?

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TLDR : Answer Summary

For holders of a NON-O visa, similar requirements apply as for the NON-OA visa. Specifically, when using the banked money method for yearly extensions, you must maintain a minimum balance of 800,000 baht in a Thai bank account in your name for at least 2 months prior to applying for the extension. After the extension is granted, the balance must remain for 3 months and cannot drop below 400,000 baht for the rest of the year.

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.
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Jeff *******

the past 2 renewals I have had to report with the bankbook to verify this after 3 months , at Jomtien

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Tod *********

that's totally immigration office specific. Some offices (like Jomtien) give you a paper that states you need to update your bank book and come back on xxx date (3 months out).

Most offices don't do it and instead they'll look at your bank book, yearly transactions next year when you apply for the extension to see you've met the requirements

The paper that Jomtien hands out (or used to) looks like this

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Martin *********

that was mine 😉👍🏻

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Martin *********

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Tod *********

Yep,

ALL yearly extensions of stay based on retirement (no matter if it's from an O-A entry stamp OR an O entry stamp) using banked money method need to have the 800K baht in a thai bank account in your name only for 2 months before you apply, the money needs to stay in the account for 3 months after you get your yearly extension and then the balance can't drop below 400K baht for the rest of the year.

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Sandy ******

ORIGINAL POSTER

when will the Chaengwattana immigration check the bank balance. Do we have to report back after 3 months? The immigration officer didn't mention anything to us. thanks again.

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Tod *********

Chaengwattana does NOT require you to go back 3 months after you get the year extension and show your bank balance. Next year when you apply for your new extension they will look in your bank book and see if you met the terms of keeping the money in the bank for 3 months after or not.

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Tod *********

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James *********

Hi Tod.... I will be depositing 800,000 Bhat at least 2 months prior to my O-A extension. I know that there has been some discussion of what type of account to open. I believe it is a "fixed account" I should be opening... Is this correct?

I'm using Bangkok Bank in Hua Hin. Thank you in advance.

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Tod *********

@James ********

, you can open a straight savings account if you want to. Keep in mind if you're going to open a fixed account that there are two types in thailand.

One type of fixed account allows you access to the money anytime (even if accessing it makes you lose all the interest or get a penalty) and this is the one you CAN use for the bank account if you want to

The other type of fixed account does NOT allow you to access the money during the term of the deposit (it's frozen in the account) and this is the one you CANNOT use for the bank account.

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James *********

I don't want to have to mess with paying income tax so perhaps the savings account would be the best option?

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James *********

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Claude **********

@James ********

mine is on a savings account at BBL, not a problem

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James *********

@Claude *********

Do you earn interest and have to report that to your government? I'm from the United States and wondering if I have to report this to the IRS

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Jacques ***********

@James ********

look up Fbar tax.

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James *********

@Jacques **********

Thanks!

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Claude **********

@James ********

it’s not a lot of money and my country don’t ask me to declare it. As far as I understand how the US system works you’d have to report any bank account anyway

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James *********

@Claude *********

OK cool. I'll ask my tax attorney back in the States. Appreciate your feedback!

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James *********

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