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Answered3 years ago

How can I switch from a Non O Retirement visa with 800k in the bank to a monthly income requirement for extension?

Carina *********
asked Jun 27, 2023
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Hi, currently on a Non O visa- Retirement of 800 bht on thai bank, how to switch to 65k monthly income for the yearly extention?
Answer summary
To switch from holding 800,000 baht in the bank under a Non O Retirement visa to a monthly income requirement for visa extension in Thailand, you must meet several conditions. First, ensure your Thai bank account holds the 800,000 baht for at least three months and does not drop below 400,000 baht thereafter. Then, you need to transfer a minimum of 65,000 baht into your Thai bank account each month for 12 consecutive months prior to applying for the next extension. It's important to plan ahead and to ensure the account is solely under your name unless supported by an income affidavit from your embassy.
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Tod *********
Tod *********
@Carina ********
as Ellie pointed out that switch from banked money method to monthly income by overseas transfers is the hardest switch to do because you have to meet the seasoning requirements for THIS current extension (keeping the 800K baht in the bank for 3 months and then not letting it go below 400k the rest of the year) AND you have to transfer in a minimum of 65k baht a month, each month, every month for the next 12 months to meet the requirements for NEXT year's extension you will get..

It totally can be done, you just have to stay on top of it
Carina *********
Carina *********
OP
@Tod ********
i just need a 1 year bank statement that shows the 65k was transferred from overseas for 12 months * keep the 400k for a year after i switched? 🙏
Tod *********
Tod *********
@Carina ********
you will need the standard bank letter, and a print out of the year detail transaction report <- it's printed by the month and it will show you met the seasoning of the banked money AND show the international deposits coming in
Carina *********
Carina *********
OP
@Tod ********
thank you
David ************
David ************
I also believe the account must be in your name only
Carina *********
Carina *********
OP
@David ***********
it is, thanks
John **********
John **********
That depends on whether or not your embassy in Thailand will issue an income affidavit or not. If it does you use that. If it doesn't you need transfers from overseas of a minimum of 65k baht each and every month for a full 12 calendar months before you apply for an extension, note that is the date you apply not the date your current extension expires.
Carina *********
Carina *********
OP
@John *********
thank you
Lloyd ********
Lloyd ********
You need to show 12 x monthly deposits, so you really need to plan ahead
Carina *********
Carina *********
OP
@Lloyd *******
we are in Chiangmai &planned to switch next year ,our extensions will expire end of next month just about to do the extensions this week & yes the account is on my name.

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