Is it necessary to show monthly transfers to a Thai bank account when renewing a one-year OA Retirement visa with a minimum balance of 800,000 THB?

Feb 3, 2023
2 years ago
Josh *********
ORIGINAL POSTER
In renewing a one-year OA Retirement visa, is it necessary to show monthly transfers to your Thai bank account if the account balance never falls below 800,000 THB during the course of the year?

Many thanks to all of you for your invaluable help.
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TLDR : Answer Summary
When renewing a one-year OA Retirement visa, it is not necessary to show monthly transfers to your Thai bank account if your account balance remains above 800,000 THB throughout the year. However, there are a few methods to demonstrate financial stability for visa renewal: a lump sum of at least 800,000 THB, proof of monthly international deposits of 65,000 THB, or an income affidavit from your embassy. Specific requirements may vary by immigration office.
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Josh *********
ORIGINAL POSTER
Again, thanks to each and every one of you for your guidance 🙂 🙂
Greg ********
No
Stuart *********
Three options.

1. If your embassy will issue a income affidavit that shows you have monthly income exceeding 65k then you use that and need no funds in a Thai bank. US, UK and Australian embassies won’t issue those (perhaps others too).

2. Lump sum of at least 800,000 baht in a Thai bank in your name only. Must be in place 2 months prior to the application date (not visa or extension expiry). Must stay in the account for 3 months after the visa/extension expiry (not application date). Balance cannot go below 400k for rest of the year and must be back up to 800k two months before your next application date.

3. 12 x monthly international deposits of at least 65,000 baht. Once transferred in you can spend as much as you like. There is no minimum balance you must hold.

Some offices may allow a combination of 2&3 but not all will. You’d need to speak to yours to find out their particular rules.
Robert ************
@Stuart ********
CM does not require Proof of foreign origin of funds; and also permits use of Joint Account -- at least for married couple -- with double the amount i.e. 1.6Mil Baht.
Stuart *********
@Robert ***********
Foreign origin of lump sum or transfers?
Robert ************
@Stuart ********
Assuming "lump sum" means the 800K in Bank Deposit Method; and "transfers" mean the 65K Monthly Method, I can only attest not required for the Bank Deposit Method. I also wanted to clarify, that when you say Account has to be "in your name only", CM also has interpreted that to include ok for Joint Accounts (at least insofar as Married Couples).
Stuart *********
@Robert ***********
Yes some offices will allow joint accounts. I omitted it because many won’t.
Robert ************
@Stuart ********
I know, was just adding the info. for those that may be interested.
Stuart *********
These rules apply to extending an O or OA. The latter needs insurance.
Michael *******
I would like to know too!đź‘Ť
Bobby ********
If you have an OA and it's still valid, just do a border bounce and you'll be stamped in for another year. No bank account required
Bobby ********
@Graham *****
You're missing the point. Insurance has to be obtained whether doing in-country extension OR border bounce. The difference is border bounce requires ZERO money in Thai bank account
Graham ******
@Bobby *******
No, that was my point, insurance is required
Bobby ********
@Graham *****
Yes but his question had nothing to do with insurance, it was about transferring/showing money in a Thai bank account. I was advising on his question. You sort of jumped in and went off at a tangent. Always best to stick to the original question.
Graham ******
@Bobby *******
12m insurance is required for a new one year stamp.
Bobby ********
@Graham *****
Insurance is needed for an in-country extension too, so no difference. Border bounce means no money need be transferred. And it's 3m baht, not 12
Graham ******
@Bobby *******
Yes final 3 months 800k and 400k for the 6 months prior to that
Bobby ********
@Graham *****
Ok, that's money in the bank. Not required for border bounce if visa is still current
Graham ******
@Bobby *******
Yes then it's just insurance
Graham ******
No it's either 800k or monthly deposits if you're below 800k for your extension
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