Does a joint bank account count for meeting the financial requirements for a Thai visa extension?

Jan 23, 2019
6 years ago
David ************
ORIGINAL POSTER
Back to the affidavit issue.. i’m US passport holder and I’ve been doing the 65k plus baht method for the last 4 years. It’s been going into mine and my wife’s “joint account”. Does that joint account count when I produce a statement and give to immigration.
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TLDR : Answer Summary
The conversation discusses whether funds in a joint bank account can be used to fulfill the financial requirements for a retirement extension of stay in Thailand. It is suggested that funds must be in the individual's account, as immigration considers only half the balance in a joint account to belong to the applicant. Insights include experiences from different immigration offices and the stipulation of needing a minimum recurring deposit of 65,000 baht per month (or 130,000 baht for joint accounts). Variability in enforcement and documentation requirements is noted, with the final say left to individual immigration officers.
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David **********
I have been reading comments on this subject and immigration are saying there will be lenience this year as a one of with reference to funds being transferred every month either 65k non 0 extension or the 40k marriage extension,

However it had to be noted that it will be up to the io on the day.
Tod *********
Okay, lets sort this out, While you may have been using the monthly income method the immigration office didn't care ONE BIT where that money went once you brought it in here (OR in fact if you even did bring it into the country at all)

That's because you were using the embassy notary letter to show proof of funds.

NOW you can't do that and you will need to transfer in a minimum of 65K baht per month into a thai bank account.

I believe the immigration office will make it a bank account in your name only like they do for people who use banked money. It would be bad for you to have a year's worth of transfers into a joint account and then to have them say it needed to be into an account in your name only.
David ************
ORIGINAL POSTER
I know this will only affect a few, but my immigration in Chumphon just told me if I use a joint account the deposit amount has to be at least 65k x 2 = 130k deposit a month if you use a joint account. Either way , whichever type of account you use the yearly amount deposited is not averaged out, meaning a deposit of at least 65k or 130k every single month has to be accounted for. No double one month and nothing the next. Hope this helps some of you, but I suspect this will be another thing that depends on what immigration office you report to. Oh and these numbers are based on a over 50 years old extension of stay.
David ************
ORIGINAL POSTER
Tod Daniels ...They think if I’m using a single account I’m not supporting my other half. Funny math to me. I’ll just open a single account and transfer the 65k to the joint the same day.
Tod *********
That is common, if you use banked money and have a joint account you need 1.6million baht in it for proof of funds for the retirement extension. Their take on it is only half the money in the account is yours.
James ********
Then I still believe it needs to be in your name only. Let us know what you find out. Also if only your name...need to consider Thai Will to make sure your Thai is named beneficiary. Thailand does not have a Beneficiary on Death choice to name on your bank account...as we do in the USA.
James ********
Is the other person Thai ?
David ************
ORIGINAL POSTER
Robert *******
Thailand sees joint account as the sum on the account is from all account holders. So banked money should than be double. But with these new rule of showing monthly deposits coming in from abroad I have no idea how Immigration is looking at this.
James ********
Ron *******
Some immigration offices allow joint accounts but you will need 130k a month going into it.
James ********
PS...I am not the expert...hope the Admin team may reply to your good question.
James ********
@David ***********
all that I have read in years past...sole account. Please report back to share your finding. Thank you.
David ************
ORIGINAL POSTER
@James *******
yea, I see “applicants account” term but not a differential between sole or joint. Either way I’m still the applicant of the account. Guess a trip to immigration is in order to ask.
James ********
Assuming this is for retirement one year extension of stay...

No...must be in your individual bank account if the visa is for yourself.
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