What are the benefits of depositing 800,000 THB versus transferring 65,000 THB monthly for a Thai visa?

This is why an agent can be useful,leave the money at home earning interest, use the agents money noy yours ,yes the first time is expensive but the interest far out weighs the cost every year after the interest more than covers the agent renewing it

I have the visa required lump sum deposit. My Embassy doesn't supply income statement of funds. I don't use wise, I use remitly for monthly deposits with the hope of switching from lump sum to monthly requirement. How can I supply immigration with proof of international transfer?

Not so sure western banks are safer than thai in the future. I don't mind having money spread around

I believe you need to show a history of the monthly deposits before you can use that route.

If you have to count every baht to retire here. Rethink your retirement location

No difference 🤣

Never put big money in a Thai account .

One day it’s there .

Next day your account is blocked .

Many foreigners accounts are blocked .

Don’t listen to anyone on here .

Be safe with your money .

Bet5er marriaaat pattya no need deposit money

I would ask about international transfer, when using monthly method. I know that bangkok bank has surely international transfer from Wise, in the bank statement. Monthly method needs clear international transfer or foreign transfer or something like that the money is from overseas shows in official statement of the bank. In this regard, bangkok bank is very clear. International transfer with Wise. Other banks have unclear statements like Trade transfer or something like that. If you use monthly income method, and with bangkok bank, you just need bank statement where to show that your money is regularly in to the bank account with international transfer. so that is officially bank statement. Bangkok bank has to freeze the fund of immigration use, like 800,000 Thb, then they can issue the bank letter and balance certificate of this kind. Otherwise they refused to issue that docs. But how about if we use monthly income method in bangkok bank???The issue of bangkok bank is their policy to freeze funds to issue the certificates for immigration. But using monthly method in bangkok bank, there is no money left or do not need to keep it in the bank for time. just money is in and out. That is all in the bank statement. does the bangkok bank freeze this amount or does not issue bank statement stamped by bank? which is what immigration required?

My visa got denied due to not being able to prove where my funds come from. Pay stubs and W2 were not sufficient. I dont have a work contract, as most people in America dont.

You have to have 12 full months of 65,000 deposited in to your account before you can choose that option. Plus you have to have proper paper trail to show where that money comes from. You're Australian, so I have no idea how you do that lol. In America you need social security statements, or work contract.

One advantage of monthly payments is that you can do what you like with them. Send them back to home bank to send again next month if you like.

Definitely, for retirees, 65K THB way is better than putting 800K THB. Putting 800K thb can make peace in mind. Yes, sure. But, once a month, 65K Thb transfer is also not hassle at all if someone is retired. Thailand is a good country but one thing is missing. That is Thai banks. Even locals do not put a lot of money into Thai banks. But, as we are foreigners, we can get more problems or stress from Thai banks. some of people already experienced that kind of things from Thai bank. yes, Bangkok bank. I got my account frozen twice for two months in bangkok bank. Even, I think it will happen again. Just we do not know when. And also, I do not think that other Thai banks never will do this? And also, Thai baht is too strong for now or years. So maybe in soon future will go down slowly. And there are too many factors that can change situations. Furthermore, once your Thai bank account is frozen, even you have 800,000 THB or more? that is scary thing. Also if they closed your account? for no reason? or suddenly? like bangkok bank did or is doing now too? even you restored your account, immigration officer can see there is interruption to keep 800,000 Thb. and if account is frozen, no bank can issue required documents for immigration.

Depends what you spend too. I don’t spend anywhere near 65,000 baht a month.

So I’d either have reverse transfer costs to consider or a forever increasing cumulative surplus here in Thailand not earning me money.

I think for me the best long term strategy financially is parking the 800k.

Comparing fixed versus compounding losses.

Hassle-free

You have to doo the 800k the first year and then do 65k per month as weyfor the second year

A lot of people just find it easier to leave the 800 K they’re unforgettable about it and then they don’t have to worry

Or pay agent they do it all and what it cost in fee you get in interest from your Australian bank or superannuation

Before my Thai fiancée and I decided to get married, I was going to apply for a Retirement Visa. I am from Scotland and I spoke to the Royal Thai Embassy in London.

They said I did not require an income affidavit from the UK Embassy in Bangkok if I could provide bank statements for the past 12 months showing I had a monthly pension income greater than 65,000 THB.

They advised me not to deposit 800,000 THB. They said this was only necessary if I did not have bank statements for one year showing I had monthly pension income of 65,000 THB or more.

Its only 38k ozzie that what 3k intrest? Think of it as an investment in other ways 👌

Transferring money is not free. But it's more than offset by the interest you'll earn. You can't just use any transfer service to bring the 65k/month in. It must be coded as an international transfer by your Thai bank.

Before you open a bank account, search this forum about that subject. Some banks have more issues with this than others.

Im not keeping any of my money in a Thai bank account 75k every month and what ever I don't spend can stay in the account . Wise transfer every month for the renewal . I will keep my money in my other accounts

Definitely do the 65k!

Safety. You miss a monthly payment, it gets misclassified, you forget. Whatever. Miss a payment and maybe your renewal is declined. You just need to be disciplined and check every transaction immediately.

Put 805k in the bank for the first year. Leave it alone. Lazy but safe.

Easy, 800 000thb gives you place of mind but you have to immobilier that amount for 3-4 minths then you can use 50% of that amount. On the other hand, for the first year, if you cannot get your embassy to confirm your 65 000bht , it's not an option but it could be for the second year

If your embassy no longer provides income affidavits/certificates then to apply for your first extension of a Non-O visa obtained before you travel to Thailand you have no choice but to put 800k baht into a Thai bank account 2 full calendar months before applying for the extension, for 2nd and subsequent extensions you can show 12 full calendar months of a minimum of 65k baht per month transferred from overseas immediately prior to applying for the extension. An increasing number of embassies no longer supply an income affidavit including UK, US. Australia but check with yours

There are no particular benefits, but you will need to deposit 800,000 baht for the first year before you are able to demonstrate twelve consecutive months of transfers. If you only stay part time in Thailand on a Non O/Extension of Stay, you don’t have to transfer 65,000 baht per month to a Thai bank while residing in your home country or elsewhere.