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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?
Jan 27, 2019
7 years ago
Graeme **********
ORIGINAL POSTERSo 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.
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 POSTERIn 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.
Phil ******
@Steven **************
they don't want poor foreigners settling. Simple.Frederick *********
@Steven **************
the mind boggles, doesn’t it Steve.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..
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..
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.
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.
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..
Graeme **********
ORIGINAL POSTERLump sum is great......just gotta win lotto and no probs.
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.
Graeme **********
ORIGINAL POSTERCorrect.....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.
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.
Frederick *********
@Graeme *********
I doubt it very much.Graeme **********
ORIGINAL POSTER@Frederick ********
I just wonder whether they’ve thought it through.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.Reply to
Frederick *********
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