How can I open a Thai bank account from Vietnam for a retirement visa?

Dec 27, 2020
4 years ago
Leon *****
ORIGINAL POSTER
Hello... I am wanting to get to Thailand and end up with a retirement visa. I am in Australian citizen living these days in Vietnam. My question is .. if I have to have 800,000 in a bank in Thailand, how can I open an account and get the money there... if I'm not physically in the country? Thanks
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TLDR : Answer Summary
An Australian citizen currently living in Vietnam seeks advice on how to open a Thai bank account to meet the financial requirements for a retirement visa (specifically mentioning the 800,000 THB requirement). Responses indicate that without being physically present in Thailand, it’s nearly impossible to open a bank account. Suggestions include obtaining a NON-O visa while in Vietnam to enter Thailand, exploring the OA visa (which has additional health insurance requirements), and utilizing visa agencies once in Thailand to manage visa-related tasks. Further recommendations emphasize the importance of having funds seasoned in a Thai account for specific durations before and after applying for the visa.
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.
Leon *****
ORIGINAL POSTER
Thank you for the comments and the help. Yes, seemingly the thing to do is to get into Bangkok first and then to open the bank account there. I'm going to go up to Hanoi and speak with the Thai embassy people there and get some information. Right now there are no direct flights from Ho Chi Minh to Bangkok. Apparently, one has to fly to Singapore first and transit and go to Bangkok from there.. Once I get some useful information, I'll post it here. Thanks again to all for the insights.
Paul *******
If you don't already have a Thai bank account...very difficult. Maybe try a lawyer or company that sets up businesses as they may be able to help, but that's about the only way it *might* be possible to open a Thai bank account without appearing in person.
Peter *********
Wham come Thailand can open bank account with uob bank easy then 1st time I use agent get 15 month visa use key visa pattaya, then do yourself next year 1900 baht so easy.
David *********
The other solution once in Thailand go to a Company that looks after Visas and other related items. They will charge over 25,000 BHT but you will get your retirement O Visa. Once in Thailand you can open a bank account and deposit the necessary funds or provide proof of income from your country. The funds have to be in your account 2 months before and three months after your visa is issued or renewed. Then the balance cannot go below 400,000 BHT. When you renew your visa you are required to give copies of you bank book for the last 12 months. If you renew by yourself it cost 1,900 BHT. Or using an agency for a lot more.
Kool *******
Currently Thai embassies are not issuing type O retirement visas. They are only issuing type OA retirement visas out of the country, as the type O does not require health insurance, and the type OA does require health insurance, so currently the type OA is the only one Thai embassies are issuing to brand new retirees. For the initial financial requirement for this, you can show you have it in your bank account outside of Thailand, in your name only, then open an account in Thailand right after you get here for when you extend it next year, as bt400,000 must stay in your account for the full year, then brought back up to bt800,000 three months before your next year extension. You also need a police report from your home country. Then you need to meet all the requirements to get the certificate of entry from the Thai embassy, with includes covid-19 insurance, quarantine hotel booked, flit to fly certificate, and covid-19 test at least 72 hours before you fly.
Joan *********
@Kool ******
best to check the website of the Ambassy. I think they do issue O visas. And ones does need medical insurance anyway, regardless of the type of visa, to apply for the COE. Plus insurance for COVID treatment (this may be explicitly included in the regular medical insurance certificate, if not , a separate one is required).
Leon *****
ORIGINAL POSTER
@Kool ******
Thank you for the information, and yes I will explore the option of getting the OA visa. Actually, it rather irksome having to get health insurance as I never have. Being healthy is the best insurance..
Bobby ********
Kool Breez. The 800k is two months before application, three months after.
Bobby ********
As you were advised yesterday by several people in another group, you use your funds in Australia to obtain the OA visa and you get stamped in for 12 months Hopefully, at the end of 12 months, some land borders will be open so you can do an out/in at the border and get stamped in for another 12 months getting two years from the one visa. You need never transfer money into a Thai bank account and for the
******
insurance you use your home country health insurance. For Australia I suggest Covermore, who will sign the overseas insurance company verification form. If you plan a trip back to Australia every 22-24 months, you can continue this strategy indefinitely.
Colin *********
Bobby the Brit. Usual arrogance from that shower 😜😂
Bobby ********
Colin O'Brien. I'm not British. What are talking about?
Leon *****
ORIGINAL POSTER
@Bobby *******
Thanks again for your reply. Yesterday I was asking about the Elite visa and you replied with some information concerning the OX visa which was both interesting and useful because I'd never heard of it.
Bobby ********
Leon Orb. The OX is a better comparison with the Elite because both offer ten years, although the OX is five, with a five year extension (cost is about 11,000 baht + 1900 for extension, compared to 500,000 baht, although the OX comes with heavy financial criteria, but it's money you get back if you should leave Thailand). The O retirement is a better comparison with the OA. The OA pre-covid and hopefully post-covid is the superior provided you have intentions to visit your home country approximately every two years or less. It is extendable in country, but then it comes with the 800k requirement. Many OA holders (myself included) never had to transfer the 800k as we worked the two-year validity between trips home. It was great until covid stuffed everything up. If I was out of the country now, I wouldn't hesitate to get the OA, as I'm confident limited land borders will be open twelve months hence, especially Laos, which I used for previous bounces, as it didn't require an overnight stay. I'd simply go through the tunnel under the carpark into Laos, buy a few bottles of duty free wine, have a coffee, and an hour later I'd be back in Chong Mek. Ahhh, the good old days!
Trevor ********
@Bobby *******
Very useful, thanks as I’m thinking of retiring it Thailand from the UK
Steve *************
@Bobby *******
good info, thank you.
Bobby ********
Steve Aussiediver. I've no idea why people stuff around with the O retirement visa (unless they never leave Thailand). I did the OA for years bouncing at Chong Mek. Until friggin covid I only transferred money I needed, not what the Thai government wanted me to do. Now I use the 65/month method, because there's no way I want 800k sitting in a Thai bank account forever earning 0.5% interest when it can be in my Aussie super scheme getting 4-5%. However, as soon as things get back to normal, I'm back on the old cycle.
Oliver *************
@Bobby *******
How Many Months of 65 Do You Have to Show Please
Bobby ********
Oliver Roy Sparks. Twelve months.
Leon *****
ORIGINAL POSTER
Thank you for your reply. Will I be able to successfully apply for a Non-O visa in Ho Chi Minh City as an Australian citizen?
Stuart *********
David Broadfoot London are selling non O based on retirement. I’m not sure what other embassies/ consulates are allowed to sell.
Lindsey **********
@Leon ****
come in and do it here

I can help you
Kool *******
@Leon ****
most likely not a type O. Currently Thai embassies have only been issuing type OA new retirement visas, which require health insurance of at least bt40,000 outpatient coverage, and bt400,000 of inpatient coverage. Type O retirement visas don't have this requirement so the Thai embassies haven't been issuing them to new retirees.
Stuart *********
@Kool ******
London are now selling Non Os so I see no reason HCM won’t.
@Leon ****
you’ll just have to contact them to ask. You don’t need mandatory medical insurance for a non o visa (but you’ll still need it for the certificate of entry) and subsequent extensions.
Steve *******
@Stuart ********
London are selling non O's based on marriage/dependancy not sure about being 50 or over.
Stuart *********
You can’t, but if you get a Non O visa based on retirement you get 90 days on entry. Your money needs to be seasoned in a Thai bank in your name only for 2 months, so you have a few days to open and account and transfer the money.
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