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Do you need to have 800,000 baht in a Thai bank for a retirement visa application in Thailand?

Retirement Visa Visa Requirements Thai Bank Account Immigration Expat Guidance Visa Application Process

September 25, 2024

3 days ago

ORIGINAL POSTER

When you apply for one year retirement visa have you got to have 800,000 in Thai bank or in your own country bank ???

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TLDR : Answer Summary

To apply for a one-year retirement visa in Thailand, the requirement for the 800,000 baht can vary depending on your application location. If you are applying from outside Thailand, the funds can be held in any bank. However, if you are applying for an extension of stay while already in Thailand, the funds must be in a Thai bank account in your name. Additionally, it's crucial to have the required funds in the bank for a specific duration as stipulated by immigration regulations.

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.
Join the Thai Visa Advice Facebook Group to ask your questions, and get advice from others.

Leslie ******

ORIGINAL POSTER

I give up you think you know but you dont

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Albert *****

Check this. All inclusive until you get 15 mths retirement visa. You just need to show up with your passport :)

*******************************************************************************

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Michael *******

Amazing advertising a corrupt process, bit like the agents who offer to take driving test for you mind blowing

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Leslie ******

ORIGINAL POSTER

that’s a grate way to go to prison tell everyone your tricks well done

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Leslie ******

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Leslie ******

ORIGINAL POSTER

And your insurance ?????? Come on

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Wynter ******

800,000 baht which is around 25,000 dollars for retirement visa

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Wynter ******

It is 800,000 baht not dollars.

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Leslie ******

ORIGINAL POSTER

if an agent get you the visa just tell me how long the 800,000 is in your bank seconds and the law say two months ?????? Think about it

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Leslie ******

ORIGINAL POSTER

Thanks

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Wynter ******

all of this is in the embassy website ,;you might want to take a look.

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Wynter ******

huh? You get your visa from the embassy. You present bank statement for 3 months. You have to present your documents in person.

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Wynter ******

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Craig *******

Have a look at your figure there.

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Wynter ******

I deleted the extra zero thanks

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Wynter ******

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Wynter ******

Which is around 25,000 usd

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Wynter ******

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Gary *******

You need a agent to help you get the retirement visa as they can assist you with the 800,000 in your bank accounts

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Kevin ******

As a follow up question, can we later pull that 800k from the bank, convert to home country currency and take it back home?

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Peter ****************

By the way, IF you have Thai baht already, the max is 500,000฿. But that's only posible when you bought so much Baht in another country ofcourse, which doesn't seem smart to me.

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Peter ****************

Indeed, but that also has a max. I'm Dutch and then it is 10.000€. For USD I thought it's 20.000 dollar. Many times these are also the limits (without reporting before, because then there in no limit) from the country you come from. And yes, they almost never check but...........

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Leslie ******

ORIGINAL POSTER

you can only take 15,000 out of Thailand so check on how much you can travel with . You mite have it taken away from you and nothing you can do about… keep receipts for all money in and out of Thailand my friend or lose the lot

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Peter ****************

Sorry, but is 50,000฿ max.

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Kevin ******

@Peter ***************

but they never asked me how much I have before??

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Kevin ******

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Chris *******

if you are cashing out, it's your money.

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John ********

no you can't drop below

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0thb

Frist you have to pay

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thb per month for the year and then show the thai immigration office before you can get the

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0thb out, but you need the immigration department to say yes you can take the

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0thb out of your account and you will continue to pay

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thb in the bank account for the years t come

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Todd *********

yes, you absolutely can. But if you need it for further visa extensions, it’s wise to leave it alone

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Graham ******

That depends what you intend to do regarding extensions for year 1, 2, 3 etc.

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Graham ******

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Paul *******

If you are in Thailand. you are applying for an extension of stay based on being over 50 and not a visa. And if so your money needs to be in a Thai bank.

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Leslie ******

ORIGINAL POSTER

plus did you not know you can not extend an extention

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Leslie ******

ORIGINAL POSTER

it’s a retirement visa

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Graham ******

You can also get the initial Non-O based on retirement from inside Thailand

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Paul *******

Correct, Howeverm yhe poster asked about a 1 year visa.

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Graham ******

The OP said "one year" and "retirement visa", it can't be both, it's one or the other - a 12 month extension or a retirement Visa.

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Graham ******

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Stuart *********

If you are applying outside of Thailand it can be in any bank.

Applying inside of Thailand it needs to be in a Thai bank account in your name only.

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Ronald *********

@Stuart ********

That's good to know, having the 800,000 in a UK bank if I applied in the UK for the visa.

And for my reporting to the IMO, can the money remain in the UK bank ?

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Stuart *********

@Ronald ********

No. the OP didn’t specify what visa they were applying for. So I didn’t quantify specifics but once you’re over here it needs to be in a Thai bank account.

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Stuart *********

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Leslie ******

ORIGINAL POSTER

@Stuart ********

ok thanks

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Leslie ******

ORIGINAL POSTER

@Stuart ********

🙏 thanks

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Michael *********

@Stuart ********

Thats good to know 👍

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Michael *********

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