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Do you need to keep 800,000 THB in the bank all year for your Thai retirement visa renewal?

Thai retirement visa800,000 baht requirementvisa renewalbank balance rulesimmigration laws Thailandexpat financial requirements
Mar 30, 2024
9 months ago
Steven ********
ORIGINAL POSTER
Do you have to have the 800,000 in the bank all year to get your renewal on your renewal date?
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TLDR : Answer Summary
To renew a Thai retirement visa, you must maintain a balance of 800,000 baht in the bank for at least two months prior to the application and three months after. Additionally, during the rest of the year, the balance cannot drop below 400,000 baht. Alternatively, after the first renewal, you may opt to show monthly income of at least 65,000 baht instead of maintaining the 800,000 baht in the bank.
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.
Michael *******
Think ill get married cheaper! Haha
9 months ago
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Michael *******
You can bring in 65k a month after your first renewal instead of keeping the 800k
9 months ago
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Ady ******
800k dead money what a stupid rule it’s 800k you can say good buy to as you cannot

Use it
9 months ago
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John *********
@Ady *****
 you can use 400,000 baht in 7 months
9 months ago
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John *****
@Steve ******
 sorry you have difficulty coping. Nobody takes a guy seriously, who pouts and look like he's laying an egg on every photo. Hope you can learn to deal with simplified economic one day x
9 months ago
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Steve *******
@John ****
 Oh dear, stalking my Facebook page and resorting to insults just proves that you have nothing correct to offer in this discussion
9 months ago
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Steve *******
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John *****
@Steve ******
 Google Thailand GDP(A). Google how many retirement visas are issued x 800k baht(B). A÷B = you answer. Never thought I'd have to teach a Facebook economist such basic economic.
9 months ago
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Steve *******
@John ****
 Unfortunately it doesn't work like that. Firstly you dont need to keep the 800k in the bank and secondly the GDP has very little to do with banks "cash flow and liquidity"

Seems like you need to get some basic financial lessons yourself!
9 months ago
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Steve *******
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Wayne *****
@Ady *****
 Don't like it, don't retire in Thailand, easy.
9 months ago
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Ady ******
@Wayne ****
 I’m still young and have money it doesn’t affect me but it’s not good or easy for older people to leave all that money in a bank and cannot use it they will probably die and all that money wasted
9 months ago
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Wayne *****
@Ady *****
 that's the trade off for retiring in paradise. Everyone has to make the choice. My choice was to forget the money and enjoy my retirement in paradise. Never regretted my decision. Just some times, money isn't everything young man.
9 months ago
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Wayne *****
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John *****
@Ady *****
 great for propping the value of the baht a boosting cash in flow and liquidity for Thai banks
9 months ago
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Steve *******
@John ****
 Hahaha! Really? It's a drop in the Ocean for the Countries banking system!
9 months ago
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John *****
@Steve ******
 around 0.2% of GDP .. if you think that has no impact, along with all the other measures in place, thank god you're not in finance!
9 months ago
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Steve *******
@John ****
 Really? Got any figures to prove that?
9 months ago
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Steve *******
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Robert *****
@Ady *****
 True Sir. That’s $22,000 USD for me that isn’t productive or useful. 😕
9 months ago
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Robert *****
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Colin **********
2 months prior to your extension submission, 3 months after, 400kthb the remainder of the year.
9 months ago
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Steven ********
ORIGINAL POSTER
@Colin *********
 what happens if you go go below 400 and then you bring it back to 800 by renewal
9 months ago
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Michael ********
@Steven *******
 the
*****
every month after the first year is the way to go, that's only my opinion
9 months ago
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Stuart *********
@Steven *******
 Depends on the discretion of the office/r that you’re applying to. Almost certainly it won’t be approved as you haven’t fulfilled your requirements for the previous years visa.
9 months ago
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Stephan ***********
@Stuart ********
 What is/was your "visa" status then? Let's say you drop under 400k just 4 month after approval... wouldn't that automatically "revoke" your permission of stay on that day? If so you would be on overstay for 7 or 8 months already when you go for the next renewal, no?
9 months ago
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John **********
@Stephan **********
 yes. Once you don't meet the terms of your visa/extension it's no longer valid. Saying that I think it most likely that immigration just refuse an extension and he'll have to leave the country
9 months ago
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Stephan ***********
@John *********
 I also think so, but if the IO has a very bad day he could pull the "overstay card"... and then you are in really big trouble. Is there any official rule to this...?🤔🙄
9 months ago
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Brandon ************
@Stephan **********
 officer discretion same as everything else
9 months ago
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Graham ******
@Stephan **********
 Potentially yes
9 months ago
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Graham ******
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John **********
@Steven *******
 you won't get the next extension as you didn't honour the terms of the current extension
9 months ago
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Jim ***********
@Steven *******
 depends on province immigration. Some will deny .
9 months ago
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Colin **********
@Steven *******
 your in jeopardy of having your next extension refused, almost certain.
9 months ago
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Colin **********
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Stuart *********
The rules are two months prior to application, and three months after. Balance can’t below 400k for the rest of the year and back up to 800k two months prior to next application.
9 months ago
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Leonard *********
@Stuart ********
 instead of “800k in the 2 months prior to the next application”, would minimum 65k baht monthly be a substitute?
9 months ago
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Stuart *********
@Leonard ********
 Not for an initial Non O application nor for the first year extension. After that you can switch to 12 months of 65k transfers from overseas. You need to keep to the rules of the previous years extension of 800k for 3 months after application and not below 400k for the rest of the year.
9 months ago
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Stuart *********
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John **********
2 months before applying, 3 months after and not below 400k rest of the year
9 months ago
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John **********
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Thai Visa Advice and Everything Else
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