Hello All,
My question is about the financial requirements for the type O-Retirement 12 month extension.
I have two Bangkok bank accounts, one for my visa requirement (account 1) and another for standard living expenses (account 2).
I just transferred 800,000 baht into my account 1 for the visa requirement, from the US, two months prior to my 12 month application of course.
I would like to transition to the monthly 65,000 baht requirement deposit so as not to keep the 800,000 baht in account 1 forever, just keeping account 1 with 800,000 for only one year while the monthly requirement is proven.
If I start transferring 65,000 baht, or more, to account 1 from the US for twelve months. Then move that 65,000 out and over to account 2 for living expenses. Does that meet the financial requirement?
Does it matter that the 65,000 baht is from a pension or can it be from my US savings account?
Does immigration require proof the 65,000 baht comes from a standard pension or do they just require a deposit from outside Thailand? My pension does not meet the 65,000 baht requirement but my US savings account does.
My hopeful result is transferring 65,000 baht from the US, monthly, to account 1 for as long as I live in Thailand.
Then move the 65,000 to account 2 and spend it to live here.
Not keeping 800,000 in account 1 once the monthly requirement is met.
Thanks in advance for your knowledge.
TLDR : Answer Summary
The question discusses the financial criteria for the Non-O Retirement visa's 12-month extension, focusing on the possibility of transitioning from a one-time deposit of 800,000 baht to a monthly income method of 65,000 baht from the US. The community responses clarify that the 65,000 baht must originate from international transfers, but immigration typically does not require proof of a pension, so funds from a US savings account are acceptable. It is important to maintain evidence of these monthly transfers for the extension application.
NON-O RETIREMENT VISA RESOURCES / SERVICES
- Go to the Retirement Visa Section for information on requirements, including age restrictions, financial requirements, and necessary documentation.
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