ask
Search
Ask
Answered2 years ago

How does the switch from the 800K method to the 65K method work for expats with affidavit income in Thailand?

Walter *******
asked Jul 12, 2024
1.5k
views
4
replies
1
likes
In addition to a posting earlier today, about switching from the 800K method to the 65K method, I wonder how this switch works for citizens of countries that still work with the affidavits.

My embassy still legalizes affidavits as proof of income. So I do not need to have monthly 65K transfers to Thailand. I only have to proof 65K income in my country.

So, I suppose that an affidavit, would be sufficient to switch from the 800K to the 65K method? Although I still would have to prove that I didn’t go under the 800K/400K limit during the past 12 months.

Or do I need 2 affidavits, one from a year earlier, and one from the moment that I want to switch? It was never clear to me if those affidavits are statements about past income (last year I earned …) or future income (to declare that your income during the next 12 months will be enough to pay for your stay in Thailand) .
Answer summary
The discussion revolves around switching from the 800K financial requirement to the 65K income affidavit method for retirement visas in Thailand. It clarifies that individuals can use income affidavits issued by their embassies to meet financial obligations for their visa extensions. However, they must maintain a bank balance in compliance with the previous 800K requirements until the extension is secured. It's suggested that the affidavit must be current (not older than 3 months) and outline current income. There are differing opinions on whether multiple affidavits are necessary and what historical income proof (if any) is required.
4 repliesnewest first
4

Click comment and we will ask for your email, then OTP, then name.

Greg ***********
Greg ***********
Your embassy will issue an income affidavit based on the income information you present to them. This affidavit can’t be older than 3 months, for use on Immigration

When your next application to a new “1-year extension of stay” comes due, up from 30 days before the current EOS expires, you can apply and use the income affidavit to fulfill the financial requirements needed for this application.

Regarding the 800.000.- THB onto which the current extension is based on, you MUST be able to prove that they have never gone under 400.000.- THB in the rest of the year (and have never gone under 800.000.- in the first 3 months after the extension had been issued). Just bring an updated bankbook to Immigration.

For your own safety and in regard that an Immigration officer might draw his/her personal conclusions on the matter, which we will never know beforehand, I would keep the balance at a minimum of 800.000.- THB until the new “1-year extension” has been issued!
Guz ********
Guz ********
I switched to the affidavit method in March of this year. The consulate issued the appropriate document. Immigration didn't want to see my previous 800k bank book. It was one of the admin on the channel who made me aware that I still had to keep the 800k banked until I had secured the visa extention which I did
James ********
James ********
Hmmmmm 🤔🤔

I think you are trying to find a way to take money out of the retirement bank account you received your recent one year extension of stay as retired.

As you did 🚫 NOT use the available Affidavit of Income letter to obtain the current one year extension of stay, I believe that you are stuck with meeting the banking balance requirements for the one year extension you just received until you apply for your next one year extension of stay.

Then...use your country's Embassy affidavit of income to get the renewal.

An option would be for you to leave Thailand and reenter WITHOUT A RE-ENTRY PERMIT... getting the visa exempt entry stamp on arrival and start All over with obtaining the Non O Visa as retiree and the One year extension of stay as retired.

Meaning NO 🚫Thai bank account is required IF YOU HAVE AN AFFIDAVIT OF INCOME from home country Embassy in Bangkok.
James ********
James ********
IF you do leave Thailand and reenter Thailand and start all over, suggest you do the monthly transfer of 65,000 Thai baht or more each month just in case your Embassy STOPS 🛑 issuing the Affidavit of Income letter in the future.

Activity

4 joined
Walter *******
Walter *******
Walter *******
Walter *******
4
people
Thai Visa Advice
Thai Visa Advice
...members40% approval
Member 1
Member 2
Member 3
Member 4
Member 5
Member 6
Member 7
Member 8

Related

25
What documents are required for the 90-day reporting process at the immigration office in Thailand?
2.4k22202mo
What are the new requirements for extending a NON-O retirement visa in Thailand?
4.4k42298mo
What is the best visa option for someone over 50 wanting to spend 6-7 months in Thailand?
8.4k73868mo
How can I successfully extend my retirement visa in Thailand?
3k20429mo
Can I still travel to Thailand every 28 days on a visa exemption as an offshore worker?
3.6k20581y
How long do you need to keep 500,000 baht in your bank account for a Thai visa?
2.9k21171y
What are the requirements for applying for a Non-O visa in Thailand based on retirement, particularly regarding bank funds?
2.5k20182y
What are the actual requirements for obtaining a retirement visa in Thailand?
2k12102y
Should I apply for an extension at immigration or do a border run for my multiple-entry visa in Thailand?
1.5k11112y
What are the requirements to switch from the 800k method to the 65k monthly transfer method for my non O visa extension in Thailand?
2.7k25132y
Do I have to keep 800k Baht in the bank while I receive 67,000 Baht monthly overseas income for my Non-O Retirement Visa?
1.3k6143y
What are the requirements for maintaining the ฿ 400,000 for a spouse visa extension in Thailand?
1.4k4263y
Does the American embassy notarize income from abroad for retirement visa requirements in Thailand?
2.3k16234y
What are the financial requirements for a 1-year extension of a Non-O marriage visa in Thailand?
1.6k9144y
What visa options are available to a UK citizen married to a Thai citizen for long-term stay in Thailand?
1.6k6155y
What are the financial requirements for extending a marriage visa in Thailand, specifically regarding income and savings?
857285y
Is it easier to hire a visa agent or do the paperwork myself when changing from a work permit to a retirement visa in Thailand?
4.4k41286y
Can I extend my non-O (spouse) visa in Thailand using either income or savings if I have a work permit?
9754106y
Does a joint bank account count for meeting the financial requirements for a Thai visa extension?
1.9k15128y
What are the changes in the Thai Police Order 138/2557 regarding proof of funds for visa extensions over 50, marriage, and children?
2k438y
What income proof is necessary for a NON-O retirement visa in Thailand after the US embassy stopped issuing income letters?
763248y
Can I use a notarized affidavit of income along with bank funds to meet the immigration requirements for a visa extension in Thailand?
2k12228y
What are the requirements to obtain a retirement visa in Thailand?
1.6k1058y
What is the proper procedure for obtaining a retirement visa in Thailand after moving from the USA?
1.3k1048y
Should I apply for a 1-year extension based on my Thai wife or my Thai child, and what are the differences in requirements?
701359y

Resources

Need help with your retirement visa?