Do you need both 800k baht in a bank account and proof of monthly income of 65000k baht or one or the other? TIA
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TLDR : Answer Summary
In Thailand, for visa requirements, you typically need to demonstrate financial stability through one of two primary methods: maintaining 800,000 baht in a Thai bank account or proving a monthly income of 65,000 baht. The first method (800,000 baht) is generally applicable in the first year, after which the monthly income method can be adopted. There is also a combination method, where a mix of savings and monthly income can be accepted, but it may vary depending on the immigration office. It's essential to check with local immigration for specific requirements and conditions.
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On some Immigration offices you can also provide proof of finances using a THIRD method: the combination method
A mixture of income and deposit.
NOTE: Most Immigration offices require a minimum deposit of 400,000 THB deposited.
Combined with the monthly proof of income, the total must be ABOVE the required 800,000 THB per year.
You have to be careful with the income part, as a sudden change in the exchange rate can ruin the calculation - if you fall below the income level, you would immediately be in "overstay". So you need a "buffer"
For example, a deposit of 420,000 THB and a monthly income of 1000.- Euros (35,440 THB) is sufficient for the combination method.
35,440 THB x 12 = 425.280.- THB
plus 420,000 THB
would be 845.280 THB
The 45.280.- THB are the exchange rate buffer. The higher the buffer, the safer you are.
If you are planning to use the combination method, you will need to visit your Immigration and ask whether they will allow you to use the combination method in the first year and how high the minimum deposit must be
That's very wise and good decision of course!! 👍 The "agent" way is for Falangs who either don't have this amount of money or prefer to work with it.
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Dieter *******
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Michael *******
If you want to switch to the 65k a month (from 800k) you should check with your local immig office (they can vary) how much and for how long you keep the lump sum in your account after visa is issued, pull too much out too soon and they will say you never met the requirements for issuance of visa, and having the 65k a month is moot. I speak from personal experience in Phuket……..they want the 800k for first three months before switching to 65k……..
- one clarification i need. When u show monthly transfers of 65k minimum for 12 months going into 2nd year of extension of visa, can u spend that 65k during each month as you go? like is it show the transfer on 1st of month, and then it’s ok to immediately spend it on living expenses for that month? Nobody has talked about this variable.
Michael *******
Yes, spend as you wish once you have change in status secure…..just be sure that the method you use to transfer 65k shows it as coming from outside Thailand - particularly relevant to wise
Reply to
Michael *******
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Paul ***********
One or the other
John ********
For year one it must be
*****
0thb and then for year two you will need to transfer
*****
thb every month for the year, you must not move the
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0thb out of your account until the immigration office have told you ok to take the
*****
0thb out or you will be in trouble with the immigration office
ok anything that you say, or maybe you can't read English
Reply to
John ********
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Jan **********
?
Reply to
Jan **********
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Rob *****
No!...The 800,000 is enough on it's own.
Casey *******
???
Jan ******************
This is two alternative ways to fulfil the financial requirements, but you can only use monthly income after showing proof of twelve months consecutive transfers, unless your embassy offers to give you a affidavit letter regarding income. The first year or if you apply for a Non O in Thailand you’ll need to prove yourself with 800K baht in your Thai bank account.
Reply to
Jan ******************
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