Answered7 years ago
What are the bank requirements for renewing an Extension of Stay based on Retirement in Thailand?
Two questions, both regarding bank requirements for renewing an Extension of Stay based on Retirement (I'm British):
1) I have 800K in two fixed term accounts (400K x 6 months & 400K x 12 months), the money has been seasoned for 2 months. The money is accessible, but I would lose any interest if withdrawn early. When I go to renew my extension of stay, based on retirement, at CW is it sufficient to take the original books and photocopies confirming the deposit/maturity dates or do I need to somehow update the books on the actual day I renew?
2) Regarding the letter from the bank, can this be issued 24 hours in advance or must this be issued on the day of application?
Many thanks in advance
1) I have 800K in two fixed term accounts (400K x 6 months & 400K x 12 months), the money has been seasoned for 2 months. The money is accessible, but I would lose any interest if withdrawn early. When I go to renew my extension of stay, based on retirement, at CW is it sufficient to take the original books and photocopies confirming the deposit/maturity dates or do I need to somehow update the books on the actual day I renew?
2) Regarding the letter from the bank, can this be issued 24 hours in advance or must this be issued on the day of application?
Many thanks in advance
Answer summary
The user inquires about the bank requirements for renewing an Extension of Stay based on Retirement in Thailand, specifically regarding the sufficiency of two fixed term accounts totaling 800,000 baht and the need for updated bank books and letters from the bank. Responses from the community suggest that it's preferable to have the funds in a single account, and the bank letter can be dated prior to the application, but the bank book should be updated on the day of renewal.
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Robert *******
2), just answered: Tod Daniels Wow, I guess we have it easy in Bangkok. The bank letter can be up to 7 days old BUT the bank book has to be updated the date you apply for the extension (most banks have branches in the basement of the government building so it's easy to update and get bank letters too).
Marty *********
I got my extension of stay on Monday, Oct 7 at CW. I got my bank letter the Saturday before going. I updated my passbook, after withdrawing 1000 baht, at CW before the doors opened.
I guess the question for you is whether they will accept the 800,000k as being in two bank accounts. Good luck.
I guess the question for you is whether they will accept the 800,000k as being in two bank accounts. Good luck.
Tod *********
You'd need TWO bank letters and to update BOTH bank accounts the day you apply for your extension.
Mark *****
Immigration I been told that they would prefer the money to be in 1 bank account.. I'm no expert. Good luck mate
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