Do you need to maintain 800,000 baht in your account if you have a monthly income of 65,000 baht for a Thai retirement visa?

@Jon *********

I believe you are confusing two completely different things

Buying the visa in your country from a thai consulate OUTSIDE thailand

and

getting a year extension based on retirement from the thai immigration office INSIDE thailand

I tell people;

NEVER EVER trust an embassy outside thailand about anything at an immigration office inside thailand

and

NEVER EVER trust an immigration office inside thailand about anything at an embassy/consulate outside thailand

They are two completely different governmental entities with embassies run by Ministry of Foreign Affairs and immigration offices run by the Immigration Division of the Royal Thai Police.

Sadly what you are told is incorrect, and if you get a 90 day Non-O visa based on retirement in your country before you come here, you will not be able to get a year extension at an immigration office using monthly income method for the first year.

The ONLY people who can do that are ones who come from countries whose consulate here in thailand still issues the affidavit of income from abroad notary letter <- which the UK, US and Australia no longer do (since about the end of 2018/beginning of 2019)

The only way those people can use monthly income for proof of funds is by a year of monthly incoming transfers for the minimum required amount into a thai bank account.

You would have to bank the 800K baht for 2 months before you applied for that initial year extension.

AND

You'd have to transfer in 65K baht a month each month every month from abroad into a thai bank account in your name only for the next 12 months before you applied for the following year extension using monthly income method 😕

@Gooddy ******

posted this answer

Jon Franklin unless you’re from one of the countries whose embassy issues a pension income affidavit, you’re going to have to show 65k baht going into your Thai bank account each and every month for 12 months before you apply for your retirement extension.