Do the funds for a retirement extension of stay in Thailand need to be in a fixed account or a regular savings account?

May 1, 2018
7 years ago
Lance *********
ORIGINAL POSTER
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.
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Tod *********
What
@R**
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. :/
Lance *********
ORIGINAL POSTER
thanks guys
Ron *******
As long as the account allows immediate access to funds, it's accepted.
Alex *********
Any account, but had to be in Thai bank
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