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Answered8 years ago

What are the recent changes regarding Financial Verification for Retirement Visas in Thailand?

Stan ********
asked Aug 11, 2018
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An American friend in Chiang Mai less than a week ago went to Thai Immigration to get another Retirement Visa with all required documents he's used for years and was denied. The refusal was based on not having documents to support the Financial Verification Statement from the U.S. Consulate. He was told if his monthly income is from the government he needs to have Social Security monthly statements and support for any other sources.

Have others also experienced this recently?

If this is a new interpretation of the Financial Statement be forwarned before you submit it in Chiang Mai.
Answer summary
A recent post from an American in Chiang Mai highlights difficulties faced in obtaining a Retirement Visa due to the Thai Immigration requirement for additional financial documentation. It appears there is a new interpretation of the Financial Verification Statement that now mandates supporting documents, such as Social Security statements, for income verification. Community responses indicate mixed enforcement of this requirement, suggesting that applicants should prepare to show documentation backing their claimed income if utilizing the income affidavit from the U.S. Consulate. The conversation reflects growing concern over whether this is an established policy or a sporadically enforced guideline.
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Stan ********
Stan ********
OP
Tod, where is that Aug. 7 statement at the end of your post from?
Tod *********
Tod *********
from some agent in chiang mai.
Tod *********
Tod *********
It appears that even the visa agents up in Chiang Mai are aware of this "policy change". :/

I'd say it's most likely in effect (although I'm still on the fence as to whether it's 100% enforced across the board).

So for you people in Chiang Mai using the income affidavit from the US consulate I'd say go prepared to show documentation that backs up the amount you put on the letter.
Marty *********
Marty *********
There is also the other avenue of keeping 800,000 baht in a Thai bank. I plan on bringing both my Thai bank statements and my income statements when I go for the first time in November.
Marty *********
Marty *********
@Mary *******
The last time I went it was 45 minutes. The lesson learned is don’t go on a Monday. I did my Thai language homework with the time.
Mary ********
Mary ********
@Marty ********
that is one place that I recommend a agency. For 1000 baht to avoid dragging out to immigration 4 times a year? No brainer for me.
Tod *********
Tod *********
@Marty ********
what immigration office do you use? IF you're using banked money and the 800K is seasoned the requisite amount of time there's no need to get any notary from your consulate to show income from abroad. It's 800K banked or 65K baht a month in income or a combination of the two that hits 800K for the year
Marty *********
Marty *********
@Tod ********
Oh yes. I will have the notarized affidavit too. I always over prepared. I only want one trip to the immigration office. I was there over 3 hours last week for a 90 day checkin.
Tod *********
Tod *********
There is no need to do that IF you are using banked money to meet the financial requirements AND they wouldn't accept your income statements without a notarized affidavit of income from your consulate anyway.
Tod *********
Tod *********
The reports I read seemed to show that it is NOT being enforced 100% of the time and in fact is rather hit or miss on if they will ask for proof to back up the notarized income letter.

I would heed the advice I give to everyone using the notarized affidavit of income from abroad letter from their consulate to meet the financial requirements DON'T put anything down on the letter you can't back up with documentation.
Mary ********
Mary ********
TM 50 is no longer sufficient? The US accept documents submitted by Thai government and embassies and consulates no "proof" required. This is not specific to US Thailand but international agreements.
Tod *********
Tod *********
what is a TM.50? The immigration office can ALWAYS ask for more documentation if they want to, there's no international agreement with the US (or any country) where they can't.
Robert ********
Robert ********
Very interesting
Tod *********
Tod *********
The immigration office has ALWAYS been able to ask for proof that a notarized affidavit of income from abroad from your consulate is backed up by something. Last time I checked MANY consulates (not just the US one) will let you walk in fill out that form and get it notarized without showing any proof.

I have used the US notary form for the last 10 years and NEVER been asked a single time to show that the amount on the form was backed up by anything (although I always have proof with me I never give it to them).

I always tell people using the income notary document NOT to put down on the letter anything you can't back up with pension statements or bank deposits.

There are reports of a few others being asked this at the Chiang Mai immigration office (and not just americans either) and in a couple cases the immigration office accepted someone showing their bank statements on their mobile phone as proof.
Robert *******
Robert *******
There are earlier post that the Immigration In Chang Mai wants confirmation that the money verified by the Embassy, is as it is in the letter. This with proof of a Thai bank account where the money comes into Thailand.
Tod *********
Tod *********
I would have argued that one with an immigration officer because there is nothing written where it says IF you use the income affidavit you have to bring a single baht into the country.

That's just plain and simple nonsense from an I/O ..

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