Answereda year ago
What are effective strategies for visa renewal in Thailand using bank accounts?
Extreme bank account / visa renewal hack
Either switch to a smart visa (only category remaining is startup) or partner with someone who qualifies. BOI visas like smart and LTR are the only ones that qualify right now and just qualify but have staff that will call up to assist or push an acct opening for you
If funds aren't a problem but the account situation is, this could work. Ideally you have your own biz that may qualify but if not, if partnered with someone, you could just be a minority owner of Thai entity and just get a visa "along the ride". Downside, you'd have to be sure they really plan to do their biz/startup for the long term or at least as long as it takes to...
likely switch back to the retirement visa once you have the acct
Either switch to a smart visa (only category remaining is startup) or partner with someone who qualifies. BOI visas like smart and LTR are the only ones that qualify right now and just qualify but have staff that will call up to assist or push an acct opening for you
If funds aren't a problem but the account situation is, this could work. Ideally you have your own biz that may qualify but if not, if partnered with someone, you could just be a minority owner of Thai entity and just get a visa "along the ride". Downside, you'd have to be sure they really plan to do their biz/startup for the long term or at least as long as it takes to...
likely switch back to the retirement visa once you have the acct
Answer summary
The discussion revolves around alternative strategies for renewing a visa in Thailand, especially when encountering difficulties with bank account requirements. The suggestion includes switching to a Smart Visa or partnering with someone who qualifies for specific types of visas like BOI visas. These measures could potentially help resolve banking issues linked to visa extensions, particularly for individuals lacking their own qualifying business. However, concerns about the long-term commitment of partners are also raised.
5 repliesnewest first
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Pete *******
Why bother when you can open a bank account using your Non-O? Seems completely pointless.
Chris **********
@Pete ******
good morning Pete. Yeah you're absolutely right I had no difficulty with my non-O, passport and 1 year lease agreement. First attempt at a mall branch failed. My second attempt at standalone Bank branch was successful. Took about 30 to 40 minutes to walk out with phone app, card and bank bookPete *******
@Chris *********
yep it’s always been a bit hit or miss but entirely doable with perseverance.
Munly *******
OP@Pete ******
it was just something that occurred to me given all the panic nowadaysChris **********
@Munly ******
yes and because of the panic I have seen agents in some cases triple their fees for opening bank accounts.Activity
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