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Answered8 years ago

How does the monthly proof of income work for retirement visa renewals in Thailand?

Patrick *******
asked Mar 20, 2019
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I am an American and have had a retirement visa since 2011 – I must renew my extension of stay on 27 Dec.

I have several questions concerning monthly proof of income. Does the amount have to be 65,000 baht or more or can it be 50,000 baht one month and 80,000 the next?

I unwittingly put several thousand dollars in my Thai bank account on Dec 24 – does that count towards year 2020?

What financial products are allowed or excluded.

Does the Thai government publish any unambiguous rules on this subject that can be referred to at a later date if needed? My local Immigration office is Jomtian and very busy and understaffed. Technical information provided by the staff related to the above may prove to be inaccurate eight months from now. I certainly don’t want to start the process all over again if I don’t have to.
Answer summary
An American expat with a retirement visa needs clarification on the monthly proof of income requirements for renewal. The question focuses on whether the income must consistently meet the 65,000 baht minimum or if it can fluctuate between months. Additionally, there are inquiries about whether funds deposited before the renewal deadline count, what financial products are eligible, and if there are official guidelines from the Thai government on these matters.
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Don ********
Don ********
What happened to the long time residents who applied to renew their retirement visa in January, February or March and did not have 65k going into their account for the preceeding 12 months? Were they deported?
Don ********
Don ********
Don ********
Don ********
Robert *******
Robert *******
You apply for an Extension of Stay before your current Extension of Stay expires. If your application is not approved, you are allowed to stay till the end of your current stay and than you have to make other arrangements for Visa or Extension of Stay. You will not get deported for this.
Amornrat **********
Amornrat **********
no, the rule came into effect as of 1st March 2019.
Patrick *******
Patrick *******
OP
Thank you sir. I may abandon the monthly plan for this year and bring the big bucks to be safe. I really appreciate your prompt reply
Robert *********
Robert *********
@Patrick ******
or, if you are planning a trip home at any stage, investigate getting an O A visa from there.
Tod *********
Tod *********
The rule is totally specific about this; IF you're using monthly income method AND your consulate doesn't issue affidavits of income you MUST transfer in a minimum of 65K baht a month each month every month for the preceding 12 months before you apply for your extension
James ********
James ********
Patrick *******
Patrick *******
OP
@Tod ********
Thank you sir
James ********
James ********
Tod *********
Tod *********
@Patrick ******
you'd have to transfer in some amount those other months AND from what I was told (by a bangkok immigration officer) was when you use the combination method they don't take each month's transfers, add them together and let you make up the difference in banked money. They take the lowest monthly transfer for the preceding 12 months and use it as the amount per month no matter what the other months transfers were.

Now it's what I was told, but is it really how it's done, dunno. It's too early to really tell, the changes haven't been in place long enough to really know..
Patrick *******
Patrick *******
OP
Your answer sounds like no
Patrick *******
Patrick *******
OP
Can I put inb
*****
a month for 9 months and add
*****
0 to hit the 800,000 mark?
Tod *********
Tod *********
You have to hit the minimum of 65K baht per month.. They don't do 'averaging' on extensions based on retirement.

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