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Answered8 years ago

What are the new rules for banked money extensions in Thailand based on retirement?

Tod *********
asked Mar 2, 2019
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UPDATE on the banked money "extended seasoning" process for extensions based on 'retirement' which took effect yesterday.

It appears all they are doing is issuing you a new yearly extension and cautioning you that you must keep the 800K baht in the account for 3 months after the extension is granted AND also telling you the account can't go below 400K baht for the rest of the year

BUT

They are doing nothing as far as making you come back in 3 months to show the balance. I believe it will all be checked the FOLLOWING year when you apply for a new extension and if you don't meet it you'll be denied.

OR at least that's the way it appears from the one report of a yearly extension using banked money at Chaengwattana yesterday.
Answer summary
There has been an update regarding the 'extended seasoning' process for retirement-related extensions in Thailand. As of the recent change, applicants receive a yearly extension but must maintain 800,000 baht in their bank account for three months post-extension. Additionally, they cannot let the account balance fall below 400,000 baht for the remainder of the year. However, it seems that there will be no requirement to demonstrate the account's balance after three months; compliance will likely be assessed during the next year's extension application.
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