Answered8 years ago
Do you need to transfer the required funds every year for a Thai visa extension, or can you use accumulated funds?
Fellow members, to some this might be a stupid question. After you have obtained your relevant 90 day O /OA visa in your own Country, in my case U.K., when it is time to apply for the yearly extension, be it retirement or marriage, I understand it's a requirement that you show you have the required funds for the 'seasoned' period, but in subsequent years do you have to transfer the required lump sum funds every year, or can it be an accumulation..
E.g. If someone transfers, let's say 800,000b , its ' seasoned' and applies for extension without any issues, then during the subsequent year they only use, let's say 500,000b leaving 300,000b excess. Do you have to transfer anther 800,000 or 500,000 for the seasoned time... hope that made sense , thanks in advance 🤑
E.g. If someone transfers, let's say 800,000b , its ' seasoned' and applies for extension without any issues, then during the subsequent year they only use, let's say 500,000b leaving 300,000b excess. Do you have to transfer anther 800,000 or 500,000 for the seasoned time... hope that made sense , thanks in advance 🤑
Answer summary
When applying for the yearly extension of a NON-O or NON-OA visa in Thailand, it's necessary to show that the required funds (800,000 THB for OA) have been seasoned again for each application. Even if you have previously transferred the necessary amount and used some of it, you must ensure the full amount is seasoned at the time of application, regardless of how much of it remains from last year.
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Andre **********************
Every year extension of stay for IMM O / OA etc, it’s a new application each time so the funds need to be season all over again. As long as the amount shows 800,000 for OA and season enough during application it’s doesn’t matter if you have use all even as long as the required amount is season correctly during application.
Martin ***********
OP@Mi**
thanks fella but as I said, we are now detouring from my original question...Andre **********************
Martin ***********
OPThanks ppl but we are now detouring from my original question...
Martin ***********
OP@Mi**
& to back you up How much cash are you allowed to take out of the UK?
New rules on declaring cash when entering or leaving the UK. HMRC has announced that from 15 June 2007, if you are travelling to or from a country outside the European Union (EU), you will need to declare any sums of cash of 10,000 Euro or more (or the equivalent in another currency) to HM Revenue & Customs (HMRC).
Andre **********************
Actually you can bring out as much as you want BUT you must declare to your local Immigration airport. Not declaring is an offense if the amount is more than approved. That’s where the hassle comes from, Q & A bla bla...
Martin ***********
OP@Mi**
think I wife has been trained for that 🤔Mary ********
@Martin **********
as I said unaware of UK restrictions. In the US it's $40,000.Martin ***********
OP@Ma**
in my case, being a marriage visa only requires 400,000b so at today's rate is only £9,113, I will possible be using Transferwise, but as I will probably return to UK twice a year, cash is an option.... ps maximum cash allowed legally is $20,000 / £15,151Mary ********
Don't know about UK but many Western countries have limits on how much cash you can physically take out of the country. You can electronically transfer whatever you want but cash is a different thing. Money laundering, narco-trafficking are reasons for cash restrictions.
Lloyd ********
@Martin **********
no requirement to show where the money came from. As long as it is ALL seasoned the full 3 months.Martin ***********
OPSo following on from that, does it have to show the funds were transferred from a bank outside Thailand or could I return to U.K. And bring cash, exchange it at Superich & deposit it to my thai account for 'seasoning'.
Martin ***********
OPNow that answer I like 😜 , if it's 100% correct I'd be happy 🙏🏼
Paul *********
Money has to be seasoned for each application.
Or you can show you get money each month from a pension or investment.
Or you can show you get money each month from a pension or investment.
Biff *******
The required amount needs to have been there for the required time. So if you already have ฿300,000 left from last time then you just need to top it up to the full amount which then needs to have been there for the required amount of time.
Martin ***********
OPYes I know, but unfortunately that's not the answer to my question
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