Answereda year ago
What are the requirements and options for obtaining a Non-O retirement visa in Thailand, especially regarding the bank balance requirement?
For my Thailand move I will get non o retirement visa
I need 800000baht in bank
I think i remember another option of treasury bonds or something like this
Is this an option where I could actually get som intrest on my money.
I need 800000baht in bank
I think i remember another option of treasury bonds or something like this
Is this an option where I could actually get som intrest on my money.
Answer summary
To obtain a Non-O retirement visa in Thailand, you need to show 800,000 Baht in a Thai bank account for a minimum of 2 months (not 4 months as mistakenly mentioned by a commenter). While some suggest keeping funds in an international bank to earn interest, it is important to note that the 800,000 Baht must be deposited in a Thai bank account to meet the visa requirements. The only alternative option is receiving a regular monthly income of 65,000 Baht through international transfers. Additionally, the SCB Easi Pass is mentioned as a bank account that provides decent interest for funds kept within.
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Michael *******
SCB Easi Pass is the only account I am aware of where you can keep the 800k that pays decent interest - otherwise its back door agents, bribes, and the risks that entails…..
Holger **************
With Thai Elite Visa you can stay 5 years and No need of
*****
0 in a Bank ....also No health insurance necessary
Dave **********
@Holger *************
high cost, benefits fewer nowMark ********
Nope. 800k in Thai bank account is the only option, other than 65k per month international transfer
Lawrie *******
This visa requirements of 800kTHB, just highlights the stupidity of Thai financial thinking in general where they have no concept of financial and real estate management other than when it all goes pear shaped to go find a farang to rip off or act as the proverbial money tree. Meanwhile they try and get lao, Cambodian and Myanmar labour for a fraction of what they would pay for Thai labour. Meanwhile the Shinawatra family want to further corrupt the Thai economy with large casino based entertainment complexes. The only smart money in Asia, is China who keep their gambling vices mostly isolated to the former colony of Macau.
Mark ********
@Lawrie ******
The 800k sorts out the viable retirees against those who are broke
Tony *****
@Mark *******
it’s not about that. It’s about demonstrating to the Thai Government that if you fall sick or some other unforeseen event happens to you you’re able to self sustain yourself and not be a burden to the state. The U.K. should absolutely adopt this measure.
Dan ********
OP
Peter ******
@Lawrie ******
shut up ya mugLawrie *******
@Peter *****
So are you one of the mugs that has been doing border runs and/or paying out for Isaan sick buffaloes?
Philip *******
After your visa is granted from Thai embassy in your home country you after banking sorted apply for extension of stay. Some countries you can keep your money in home bank if you get proof of income established before you leave
Todd *********
Making nothin on it in Thailand. Which is why so many people use agents and keep the money earning at home or in low tax jurisdiction.
Martin ********
@Todd ********
and yet those who choose this method get endlessly berated for doing so 😂Todd *********
@Martin *******
haha, yessir. But there will always be some daft people out there.
Mark ************
800.000 bank for +4 months before visa application
Max *************
@Mark ***********
Only at Bangkok Bank.Dan ********
OP@Max ************
2 months at other banks?Dan ********
OP@Max ************
Thank youMax *************
@Dan *******
Yes,but you'll still get the bank letter 2 months prior to the 1 year extension but your money will be frozen.Activity
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