Answered8 years ago

Should I wire most of my money back to the U.S. after applying for a visa extension in Thailand?

Visa Extension Money Transfer Thailand Banking Expat Finance Non-O Visa

Mike ********

asked Jul 3, 2018

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I have a question. I've wired the amount needed to apply for a visa extension (which I have), should I wire the (most) of the money back to the U.S.? Thanks in advance.

Answer summary

The conversation discusses the considerations surrounding wiring money back to the U.S. after applying for a visa extension in Thailand. One commenter suggests leaving the funds in Thailand due to potential future needs, as they might be necessary for the next visa extension. Others highlight the hurdles of bank policies regarding fund transfers and raising concerns about accessing funds should any emergencies arise.

11 repliesnewest first

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Bruce *****

Send it back that needs a special form and bank approval? Can anyone enlighten im in the same situation

8 years ago

Mike ********

I tried to put a family member on the account (in case I die) and the bank won't let me do it.

8 years ago

James ********

@Mike *******

just leave your 800,000 Thai baht in your US Bank. Go to the US Embassy Bangkok request a Notarized Affidavit of Income Letter. No proof of income required. Just swear in front of the Embassy Officer the amount of your monthly income. Take that letter to Thai Immigration along with other required documents for your so called retirement visa.

8 years ago

Mike ********

I agree. Thanks Tod.

8 years ago

Tod *********

@Mi**

, that is gonna be a harder thing to hash out here. I'd say in that case just wire it back then.

8 years ago

Mike ********

I want the money to go to a family member in the U.S.

8 years ago

Tod *********

put in your will here that the money in the bank goes to so-and-so. I had a friend who died here with 7 million baht in his account and after it cleared probate his thai wife got the money.

8 years ago

Mike ********

I tried to ad a family member as a beneficiary. I was told I need to have a will written.

8 years ago

Tod *********

you couldn't have used that account and the money for an extension of stay if you had done that anyway. The account has to be in your name only.

8 years ago

Tod *********

There's no down side to leaving it here. You're certainly going to need it next year for your extension. I know people who just park the amount for their extension in the bank here and never touch it and I know other people who move it to a fixed time deposit account here to get more interest.

8 years ago