Answereda year ago
How long do I need to maintain the 800k deposit after my retirement visa approval if I'm switching to the 65k monthly method?
My retirement visa was recently approved. For my extension of stay the next year I want to go the 65k monthly route. I have already started the 65k monthly transfers. How long do I need to maintain the initial 800k deposit in my account after my initially approved retirement visa?
Answer summary
After your retirement visa is approved, you need to maintain the 800,000 THB deposit in your account for at least 3 months before applying for an extension. Following this period, you should not drop below 400,000 THB until your next extension is granted. Once you have established the 65,000 THB monthly method and applied for your second extension based on these monthly transfers, the initial 800,000 THB deposit can be withdrawn.
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Jay *******
Wish they'd reduce the age limit
Why can't us 40 something's be on it...I have way more funds than most of the oldies going on it and I'm already retired lol
Why can't us 40 something's be on it...I have way more funds than most of the oldies going on it and I'm already retired lol
Rok ********
As part of the current 1 year extension terms you need to keep 800 for 3 months and 400 for the remaining 9 months until year 2 renewal. After that
*******
k becomes irrelevant as the year 2 extension will be based on 12 montly 65,000 transfers leading to the year 2 extension and so on.Graham ******
So was your initial visa recently approved (90 day stamp) or your first extension approved (12 month stamp)?
Rick *******
OPThank you everyone for your input. I suspect some Immigration offices might and handle things a bit different. I will check with my Immigration office and follow their guidance.
Rick *******
OP@Graham *****
yesGraham ******
@Rick ******
yes to what, initial visa or first extension?Rick *******
OP@Graham *****
, sorry, 90 day. I have been here over 10 years but made a trip to Turkiye. Got to the airport late and had to run to the gate. No time to get reentry so had to start new.
John *******
I just switched to the
*****
method but kept my *****
0 baht in my savings for three months and over *****
0 baht. Believe it or not, they did not check. My deposit account receives my SS deposits. I gave them both account numbers and it confused them. They said that all I needed was my deposit account and the average(I have no idea why) of the total twelve months. Weird. But I got it based on monthly. I never went below the *****
baht deposit.
Stuart ***********
For the first year you need to follow the rules around 800,000 / 400,000 as others have stated. When you apply for your second extension, if you have deposited 12 x 65,000 monthly amounts, your second extension is based on the 65,000 method. I believe you can then withdraw the 800,000 immediately. Someone will correct me if there's an overlap period in the second year.
John **********
You need to maintain it at a minimum of 800k for 3 months after you get your extension and never drop below 400k until your next extension is granted at which point you can withdraw it.
Gerg **********
The way I understand it is you have to maintain it the same way you would if you were using the 800,000 method again. Once you get your extension using the 65,000/month method, you’re free to use the 800,000. Someone correct me if I’m wrong.
Richard ********
@Gerg *********
Wrong.800k for three months after extension based on bank balance is approved.
Then can withdraw 400k
400k until extension based on income is approved.
Then can withdraw remaining 400k.
Jeremy ********
Forever, until your expiration date
Or it has to be seasoned at least 90 days to renewal
Whichever one benefits you and your financial situation best
Or it has to be seasoned at least 90 days to renewal
Whichever one benefits you and your financial situation best
Rick *******
OP@Jeremy *******
I plan and started the 65k monthly deposit. Why would I have to leave the 800k deposited forever??Kool *******
@Rick ******
you must leave the bt800,000 in your account for at least three months after you get your early stamp, then for the rest of the year the balance must stay above bt400,000. This does not change because you are switching to the monthly deposits method. After you get your year stamp based on 12 monthly bt65,000+ deposits, at that point you can remove the last bt400,000. If you take the money out before those times then you are in violation and extension was cancelled meaning you start over completely, and at an extreme they could charge you with overstay.Jeremy ********
@Kool ******
do you know your expiration date????Kool *******
@Jeremy *******
no. He asked specifically about how long the bt800,000 had to stay in the account, and you said forever, until your expiration date, and that is wrong. The rules are just what I posted.Jeremy ********
Marty *********
@Rick ******
You leave it there until your extension based on monthly income is approved.Jeremy ********
@Rick ******
life has never lost because no one has ever made it out aliveActivity
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