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How do I maintain the financial requirements for my Thai visa extension while I’m outside of Thailand for six months?

Financial RequirementsVisa ExtensionThai Bank AccountNON-O VisaExpat IssuesImmigration Policy
Jan 27, 2019
6 years ago
Graeme **********
ORIGINAL POSTER
So with the financial requirements being implemented this year and into the future requiring certain amounts to be deposited or total amounts being held in a Thai bank to meet 12 month visa extension requirements. My question is, if you’re meeting the requirement by depositing 65,000 baht per month in your Thai bank account, what are you supposed to do if you return to your home country for say six months? Transfer money into your Thai bank and then transfer it out again back to your home country? If that is the case and it probably is, what a pain in the arse.
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TLDR : Answer Summary
The discussion revolves around the new financial requirements for the Thai visa extension, specifically regarding maintaining a minimum balance in a Thai bank account. The user is concerned about the logistics of transferring money into and out of Thailand if they need to leave the country for an extended period, raising the practicality of managing these requirements from abroad.
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Graeme **********
ORIGINAL POSTER
In my view, not that it counts for anything, I think you should only have to meet the financial requirements while you’re actually in Thailand.
6 years ago
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Keith *********
6 years ago
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Phil ******
@Steven **************
 they don't want poor foreigners settling. Simple.
6 years ago
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Frederick *********
@Steven **************
 the mind boggles, doesn’t it Steve.
6 years ago
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Steven ***************
They expect a thai to support a family on that minimum wage but demand a single foreigner to earn 3x minimum to live/work here..
6 years ago
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Steven ***************
@Frederick ********
 . Yep. Add to that the expectation of a thai company to pay us3 times the average thai wage to obtain a work permit..

I get the whole job market protection side of it ,eg 1% unemployment here, but no pension or social security here is a joke..
6 years ago
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Frederick *********
Steven de Blaquiere I don’t find transfers too much of a problem, I use TransferWise whose fees are quite reasonable. I do however find it very strange that they expect us to deposit approximated three times the average Thai wage every month.
6 years ago
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Steven ***************
Typical thailand still think all us farangs are rich.. For a country without a social security safety net of their own, they ask a lot of foreign pensioners who want to spend their pensions/retirement savings here. Irony at its worst.
6 years ago
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Steven ***************
Not so bad for me on a spouse visa. Only 400k baht. But the pension amount is ridiculous , seeing most pensioners have a lower regular income..
6 years ago
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Graeme **********
ORIGINAL POSTER
Lump sum is great......just gotta win lotto and no probs.
6 years ago
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Steven ***************
@Graeme *********
 . Lump sum for 2 months prior is a whole lot easier , if possible.

If Thailand allowed foreign banks here,like most other countries do,it would be much easier.
6 years ago
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Graeme **********
ORIGINAL POSTER
Correct.....the costs involved in the international transfer of money into and out of a Thai Bank account. It’s not overwhelming, but it’s still a pain in the butt.
6 years ago
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Steven ***************
Good point. But the monthly money doesnt have to remain there. You can take it out as you please. The biggest headache is the regular foreign transfers. Clearly something they dont give a shit to think about as it cost them nothing.
6 years ago
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Frederick *********
@Graeme *********
 I doubt it very much.
6 years ago
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Graeme **********
ORIGINAL POSTER
@Frederick ********
 I just wonder whether they’ve thought it through.
6 years ago
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Frederick *********
@Graeme *********
 I agree, I normally spend a couple of months back in the UK during the summer visiting friends and family. I will still have to transfer 65k THB into my account here. However, I suppose at the end of the day, rules are rules and we have to comply.
6 years ago
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Frederick *********
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