What are the financial requirements for the O-X retirement visa after the second year in Thailand?

Question

Hello group! I have a question regarding the O-X visa. But first a big thank you to all the knowledgable people here - your advise in invaluable!
I am German , over 50 years old, and interested in the O-X retirement visa, either  applying in Germany or with application in Thailand. I read the requirements on both the Frankfurt Consulate page (consulate for my region in Germany) and the Thai government page. They both don't differ much, in particular with the financial requirements. I am still not clear on monetary requirement in  year 3 and after of this visa. The relevant information states (on both websites Germany and Thailand) clearly that one needs to have 3 Million THB in a Thai bank account at time of application. It also states on both pages that:

"- Stay permit of the Non-O-X visa holders may be revoked due to following conditions:
1) Foreigners do not have financial evidence as per stipulated by above qualifications such as:
- The sum of money in the bank account is less than 3 million Baht at the end of the first year of stay period in Thailand.
- the sum of money in the bank account is less than 1.5 million Baht at the end of the second year of stay period in Thailand, and/or the money in said account was spent outside Thailand."

My question is what happens after the end of the 2nd year? Do I need to maintain the 1.5 million throughout the validity of the visa?
In other words, what are the requirement for the annual check at immigration after year 3?   I was not able to find anything on this, nor any report of someone with this visa. If anyone in this group can shed some light on this, I would be very grateful. Thanks much!

Ask Thailand · Answer

The O-X retirement visa requires that applicants maintain certain financial conditions to remain eligible. Initially, applicants must have 3 million THB in a Thai bank account during the application process. After the first year, they must not have less than 1.5 million THB at the end of the second year, but the details regarding requirements after the second year are unclear. Community members suggest that the same financial requirement may persist beyond the second year, though specific guidelines are lacking.

Ellie ******* · Answer

Thank you all

We are not going for initial requirements for non-OX application. You need to check them at the embassy in your home country or at your local immigration office.

Rudy ****** · Answer

And nothing about after the "another next year"  - might mean all subsequent years...

Rudy ****** · Answer

Thank you! Same for Germans. It also says: (Please check relevant embassy/ consulate's website for specifically required documents) and that is where this darn sentence about first year and second year can be found. London and Frankfurt both have this:

The money in (a) and (b) must be kept in bank account at least 1 year before withdrawing and, within another next year, the money must be left in the account with the amount of not less than 1.5 million Baht and can only be spent in Thailand.

Ian ******* · Answer

Requirements from Thaivisago.th for Non OX visa for UK nationals

1. Passport with validity not less than 6 months.

2. Three application forms and 3 photographs (size 4 X 6 cm. taken within the last 6 months).

3. One biography Certificate of criminal record clearance from the country of nationality. The certificate should be valid not more than three months and should be notarized by notary organs

4. Financial evidence

Ordinary passport holder who wishes to enter the Kingdom for the following purposes is subjected to be granted Transit visa.

Certificate of bank deposit stating bank contact information, copy of bank book and bank statement which shows fixed deposit with the amount of not less than 3 million Baht deposited in Thai bank located in Thailand.

OR

Certificate of bank deposit stating bank contact information, copy of bank book and bank statement which shows fixed deposit with the amount of not less than 1.8 million Baht deposited in Thai bank located in Thailand and certificate of annual income with the amount of not less than 1.2 million Baht (local currency equivalent) per year. (Once the applicants enter Thailand, they must have accumulated money deposited in Thai bank located in Thailand not less than 3 million Baht within 1 year.)

5. Certificate of criminal record clearance from the country of nationality. In case the applicants have permanent residence in other country, they must provide the aforementioned document from both country of nationality and country of permanent residence.

6. Medical certificate from the country where the applicants apply visa stating that applicants don’t have any prohibited diseases as follows; Leprosy, Tuberculosis, Elephantiasis, drug addiction, third stage of Syphilis. The medical certificate must be issued no longer than 3 months prior to the date of submission.

7. Copy of evidence stating that applicants have insurance as per stipulated by the Office of Insurance Commission and health insurance of Thailand which has insurance money for outpatient not less than 40,000 Baht and for inpatient not less than 400,000 Baht.

Please check ([url redacted] for more information regarding the insurance requirement.

Ellie ******* · Answer

We don't have much information about this Non-OX. The clause from the Immigration Office handbook for the remaining balance has no limit on the second year. We have not-so-many reports for Non-OX (I understand it is because of the narrow limit on nationalities).

Also, most of the reports are from Australia because the AU embassy has its own financial requirements that allow you can have funds ONLY inside Australia <- this does NOT happen for your application in any other country or at the local immigration office inside Thailand.

What are the financial requirements for the O-X retirement visa after the second year in Thailand?

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