How long do I need to keep 800k THB in the bank when using a non-O retirement visa in Thailand before switching to monthly income?

NON-O visa Thailand retirement visa bank deposit requirements visa extension rules international transfers financial requirements for expats

Oct 2, 2022

2 years ago

Kimberly ***************

ORIGINAL POSTER

We entered Thailand on a non-O retirement visa. We will deposit the 800k in the bank so we are prepared for the 90 day meeting where we can extend it for a year. However, we will be receiving the 6500 monthly international transfer starting right away so we’d like to switch to that for our second year. How long do we need to keep the 800k in the bank this first year?

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TLDR : Answer Summary

To switch from the 800k THB bank deposit method to monthly income for your second year on a non-O retirement visa in Thailand, you need to maintain the 800k THB in your bank account for at least 2 months prior to your year extension application. Additionally, the funds must remain in the account for 3 months after your non-O stamp expires, and you need to keep a minimum of 400k THB in the bank for the remainder of the year. Furthermore, for the next extension, you must show evidence of receiving 65k THB monthly transfers over the previous 12 months.

NON-O RETIREMENT VISA RESOURCES / SERVICES

Go to the Retirement Visa Section for information on requirements, including age restrictions, financial requirements, and necessary documentation.
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Tod *********

for the 800k banked money method you need the funds in the account for 2 months before you APPLY for the year extension, the funds need to be in the account for 3 months after your non-o stamp expires <-(the date the extension actually starts not from the date you applied for it) AND you need to keep 400K baht in the bank the rest of the year until you go to apply for the next extension showing 65K baht a month in transfers for the previous 12 months.

It's tough to go from banked money to monthly income because of the seasoning requirements for the whole year you're on the extension AND the need to bring in the money every month as well for the next extension.

2 years ago

Kimberly ***************

ORIGINAL POSTER

Thank you

2 years ago

Reply to

Kimberly ***************

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