Hi Guys, opened my two bank accounts yesterday with KASIKORNBANK in Hua Hin and now want to fund them. First to transfer money to a savings account..and a mimimum of 800k bht then transferring from there to a Fixed Deposit Account which pays some low interest, about 1%, but better than nothing. The minimum 800k bht to stay in that account to satisfy Non O immigrant requirement.
I have been having a nightmare trying to transfer money from my UK Lloyds account..with also exorbitant transfer costs. So transferred some money from my Wise account just to see the difference. The Wise transaction was done in seconds and at a good rate of 43.5bht / £.
I am now thinking of doing the balance with Wise but understand there may be issues in the future.(?). So would appreciate any advice?
And btw: didn’t need to go to immigration at all. Just took my owner documents, blue book etc., together with my passport and that was enough evidence for them to open my accounts. Thank you.
TLDR : Answer Summary
A user discusses their experience opening bank accounts at KASIKORNBANK in Hua Hin to comply with Non-O visa requirements, needing to maintain an initial deposit of 800,000 THB. They share challenges with transferring funds from their UK Lloyds account, mentioning high fees and a preferred transfer method via Wise for better rates. Community comments provide tips on maintaining required funds after receiving a retirement extension, the importance of bank-to-bank transfers, and implications of transferring funds into fixed deposits. They clarify that foreigners can open fixed deposit accounts and discuss the nuances of proof of residence with blue books.
NON-O RETIREMENT VISA RESOURCES / SERVICES
- Go to the Retirement Visa Section for information on requirements, including age restrictions, financial requirements, and necessary documentation.
- For immediate assistance, contact Thai Visa Centre directly via LINE at @ThaiVisaCentre or Email them.
- Explore recent discussions by using the Non-O Retirement Visa tag in the search box at the top of the page.
- Join the Thai Visa Advice Facebook Group to ask your questions, and get advice from others.