Hi guys - I have a question about the retirement extension of stay - does the money needed have to sit in a 'fixed account' or can it sit in a regular 'savings account' ?
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TLDR : Answer Summary
For the retirement extension of stay in Thailand, the funds required do not necessarily have to be in a fixed deposit account. They must, however, be in a Thai bank account that allows immediate access to the funds. Both fixed and regular savings accounts are acceptable, provided that the account does not freeze or restrict access to the funds.
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.
said (y) It can be in a fixed deposit account BUT you need to have access to the funds when ever you want to. They can't be "frozen" or locked out. Evidently thailand has fixed accounts like that were you cannot access the funds without a lot of hoop jumping. You can't use that kind. :/
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