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Answered8 years ago

How can I extend my retirement visa in Thailand with a pension paid into an overseas account?

Chris ********
asked Oct 19, 2018
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I live in Hua Hin and have a question regarding extension of visa based on retirement. I know that 800,000k is the requirement or a combination of income and money up to that amount. With my pension it's paid into an Australian bank account, will that pose a problem even with a letter stating I get $ per fortnight. Or would it be needed to be transferred by me into my Thai bank account fortnightly. I know I can't get it paid into an overseas account. Sorry if this is a silly question
Answer summary
The user inquires about extending their retirement visa in Thailand with a pension deposited into an Australian bank account. They are concerned whether a statement of income from their bank will suffice, considering that personal payments cannot be made to overseas accounts. Comments from others provide insights on similar situations, suggesting that transferring funds to a Thai bank account monthly can help meet the financial requirements of 800,000 baht. There are also concerns about the verification of income statements by various embassies and the related procedures for providing proof of income.
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Chris ********
Chris ********
OP
Thanks everyone I’ve still got a while yet but just wanted to find out in advance
Tim ********
Tim ********
A fellow vet of mine has his pension paid into his Thai acc monthly not fortnitly,Main problem is exchange rate.
Marty *********
Marty *********
I have my pension and Social Security deposited in my US bank accounts monthly. What I did over a year ago was transfer the 800,000 baht and some more for working capital to my Thai bank. I transfer money from the US periodically but I never have less than 1,000,000 baht in my Thai bank. When I got my year extension last week the money was seasoned and I had no problems getting the extension. The money also serves as an emergency fund here in Thailand.
Robert *********
Robert *********
just a point, I notorized letter has a six month life, whether the Thias will accept in six months, who knows.
Paul *******
Paul *******
@Chris *******
. Mate, why can you not have your pension paid into your Thai bank account? My DVA pension is.
Chris ********
Chris ********
OP
Ours is a pension off our super. I’m sure they said we couldn’t but I will check it out
Paul *******
Paul *******
@Chris *******
. Mate, at the present time, you can go to the Australian Embassy and they will witness a Statutory Declaration showing your income in Australian $ showing the equivalent in Thai Baht at the exchange rate on the day. But be aware that Thai Immigration are putting pressure on the embassies to check that the figures in the Stat Dec are correct. The British Embassy has stated that they are unable to verify the income statements and will cease to certify Stat Decs in December. I understand that Immigration have been requiring US citizens to prove the figures in the Stat Decs certified by the US Embassy and that the US Embassy may also cease to certify them in the near future. I expect other Embassies to follow suit. Australian Embassy? Who knows. In the meantime I will continue to use a Stat Dec from the Australian Embassy and I can prove the income figures because all my (Australian) income is in the form of superannuation.
Paul *******
Paul *******
@James *********
I do not think that you can do it via mail. The Stat Dec is a legal document. The certifier is legally declaring that they have seen you sign the paper. I think that it must be done in person. The Australian Embassy does a very good outreach program where they regularly visit Chiang Mai.
Stephen *******
Stephen *******
No Stat Dec by mail. They need to see you sign the document.
James **********
James **********
@Paul ******
yes Australia Embassy still uses Stat Dec. I will need to utilize the Stat Decide when I do my next Yearly Extension. Question is will the Australian Embassy allow Stat Dec via Mail? I'm a vet get paid my in excess of
*****
thb per month received fortnightly in Australia. I'm currently in Chon Buri And would prefer not to have to travel to BKK?
Robert *********
Robert *********
Chris Parish with the current goings on with American requiring proof of income and the Brits just not doing notorized letters after December, I am going to make sure I transfer
*****
bht into my Bangkok Bank account every month, and have the book available when my extension is due for renewal next September. I am lucky as far as the timing of all this. I use transferwise from Australia.
Robert *********
Robert *********
@Chris *******
wish I had 10K to transfer
Chris ********
Chris ********
OP
@Colin ******
I haven't tried any higher than $10k
Robert *********
Robert *********
Colin Rouse I think you will find all the banks will put a dailylimit on you, but contact your bank to override it
Colin *******
Colin *******
@Chris *******
and how many $$$ can you transfer at one time, my bank only allows me a $10k limit a day
Chris ********
Chris ********
OP
We use TransferWise too. They are good

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