@Brett *****
there are three acceptable proof of finances that are accepted for the one year extension of stay based on being over 50:
1. The banked money/ seasoning method (see above).
2. The 65K a month method.
3. A letter from the embassy saying that a person has a pension of 65K THB a month (the 65K THB method can not be used if the embassy issues this letter).
The problem with the 65K THB method is that it requires 12 months of 65K THB deposits before the extension of stay based on retirement is granted. Either a person enters on a Non-OA visa, opens a bank account, and starts depositing the money for 12 months OR they use the 800K THB banked money to get the one year extension of stay based on retirement, deposit the 12 months of 65K THB in, and then use that to meet the proof of finances.