What are the requirements for extending a retirement visa in Thailand with a bank balance of 800,000 baht?

Jan 6, 2019
6 years ago
Mike ********
ORIGINAL POSTER
Good morning everyone, I'm going to extend a retirement visa. I've transferred the appropriate amount of cash into my Thai bank (in November) my current extension expires in March. The money will have been in the bank for the 90 day seasoning period, but it will have been transferred to Thailand only since November. In other words, I haven't been getting 65K baht monthly, will that make a difference? Thank you in advance for your assistance.
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TLDR : Answer Summary
The user is seeking advice on extending a retirement visa in Thailand after transferring 800,000 baht into their Thai bank account, which has been present since November but hasn't been receiving the monthly required amount of 65,000 baht. The discussion covers the 90-day seasoning period for the funds, the type of bank account required, and the alternative options for meeting the financial requirements.
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Mike ********
ORIGINAL POSTER
Thanks
@Tod ********
, It's all a bit confusing. The cash went in on November 27th, does that mean that I can apply for my (second) extension on February 27th?
Mike ********
ORIGINAL POSTER
Thanks Tod. I appreciate your assistance.
Tod *********
@Mike *******
you pretty much got it, the filled out TM.7 application and a passport sized photo.

the bank book needs to be updated on the date you apply for your extension and the bank letter needs to be LESS than 7 days old
Mike ********
ORIGINAL POSTER
Thanks Todd. I hate to ask (again) but what will I need in order to apply, clearly I'll need a very recent copy of my bankbook with a letter from my bank, a copy of my rental agreement, and copies of my passport information page and visa page. What else should I have ready? Thank in advance.
Tod *********
@Mi**
correct, the soonest you could apply would be the 27th of Feb <- 3 months from Nov 27 (y)
Mike ********
ORIGINAL POSTER
This will be my second.
Tod *********
So this is NOT your first yearly extension? when does your current extension expire?
Tod *********
@Mike *******
, you are confusing the ways you can meet the financial requirements

One way is to transfer in 800K baht in a thai bank account in your name only and have it in the account at least 60 days before you apply for your FIRST yearly extension or for 3 months <- (not 90 days) before you apply for subsequent yearly extensions

OR

you can transfer in 65k baht a month from overseas into a thai bank account in your name for 12 months before you apply for your yearly extension

Seeing as you have 800K baht in your account, all you have to do is season it the correct amount of time before you apply for your yearly extension
Vincent *************
Does the 800,000 have to be in 1 account? Could it be in 2 accounts with the same bank?
James ********
Tod Daniels ...can the 800,000 + Thb be in an CD earning interest or must it be in an on demand savings account?
Lloyd ********
Yeh, what I am saying is that if you can withdraw with say 7 days notice, that is a lot different to one where you have to give a months notice to make a withdrawal.
James ********
@Lloyd *******
I have read before that the 800,000 Thb must be in an on demand savings account vs CD earning higher rate of interest. Just seeking clarification from Tod.
Lloyd ********
That would depend on how fast your can retrieve the money
Mike ********
ORIGINAL POSTER
Savings, my name only.
James ********
Then the 800,000 Thb in a Thai bank should meet your extension of stay requirement. What kind of account is it in ? Is it in your name only ?
James ********
What amount of $$ did you transfer ? 800,000 Thai baht or 65,000 Thb monthly ??
Mike ********
ORIGINAL POSTER
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