ask
Search
Ask
Answered8 years ago

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

Mike ********
asked Jan 6, 2019
2.2k
views
17
replies
0
likes
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.
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.
17 repliesnewest first
5

Click comment and we will ask for your email, then OTP, then name.

Mike ********
Mike ********
OP
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 ********
Mike ********
OP
Thanks Tod. I appreciate your assistance.
Tod *********
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 ********
Mike ********
OP
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 *********
Tod *********
@Mi**
correct, the soonest you could apply would be the 27th of Feb <- 3 months from Nov 27 (y)
Mike ********
Mike ********
OP
This will be my second.
Tod *********
Tod *********
So this is NOT your first yearly extension? when does your current extension expire?
Tod *********
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 *************
Vincent *************
Does the 800,000 have to be in 1 account? Could it be in 2 accounts with the same bank?
James ********
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 ********
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 ********
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 ********
Lloyd ********
That would depend on how fast your can retrieve the money
Mike ********
Mike ********
OP
Savings, my name only.
James ********
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 ********
James ********
What amount of $$ did you transfer ? 800,000 Thai baht or 65,000 Thb monthly ??
Mike ********
Mike ********
OP
880K +

Activity

5 joined
Mike ********
Mike ********
Mike ********
Mike ********
Mike ********
5
people
Thai Visa Advice
Thai Visa Advice
...members40% approval
Member 1
Member 2
Member 3
Member 4
Member 5
Member 6
Member 7
Member 8

Related

25
What are the requirements for a second one-year extension on a Non-O visa in Thailand?
8018510d
What are the requirements for the 800k baht bank balance for a Non-O retirement extension in Thailand?
1.4k6278mo
What are the requirements for extending a Non-O retirement visa in Khon Kaen?
2.3k23810mo
What are the best visa options for a 6-month stay in Thailand for someone over 50?
2.7k202910mo
Do I need a consulate letter for proof of income to switch from a retirement visa based on funds to one based on monthly income?
1.8k11191y
Do I need to prove that my retirement extension funds came from overseas?
3.8k16751y
What are the steps and requirements for extending a 90-day Non-O visa to 12 months in Thailand?
2.8k21251y
What are the financial requirements for extending a Non-O visa based on retirement in Thailand?
2.4k18192y
How can I change my retirement visa to a tourist visa for shorter stays in Thailand?
1.6k6262y
What are the requirements for extending a Non-O Visa based on retirement in Thailand?
696232y
What is the difference between a retirement visa and a retirement extension in Thailand?
4.1k32403y
What are the rules regarding withdrawing funds from a Thai bank account for a retirement visa after meeting the financial requirements?
5.1k171043y
Can I qualify for a Non-O retirement visa in Thailand after entering on a 60-day tourist visa and transferring funds to a Thai bank?
1.9k12183y
Can I combine two Thai bank accounts to meet the 800,000 baht requirement for a retirement visa extension?
1.3k993y
How can I extend my two-month visa in Thailand to 4-6 months?
1.7k1554y
What are the requirements for applying and extending a Non-O retirement visa in Thailand?
3.3k31194y
Can I apply for a One Year Retirement O Visa after entering Thailand with a 90-day Visa?
1.6k9184y
How many months of bank statements are required for extending a retirement visa with 800,000 Baht in Thailand?
2.3k19164y
Can I extend my 3-month Non-O retirement visa for 1 year with monthly transfers of 65,000 THB without a lump sum in the bank?
1.7k11165y
Do my husband and I both need 800,000 Baht each in a Thai bank account for the O Visa?
1.3k7135y
What are the requirements for extending a Non-Immigrant O/A visa in Thailand?
1.6k8196y
What are the latest financial requirements for extending a retirement visa in Thailand?
1k597y
What are the requirements for extending a retirement visa for a second year in Thailand?
3487y
What are the new requirements for retirement visa extensions in Thailand regarding bank balance?
1.1k248y
What are the steps for renewing a retirement visa in Thailand given the new proof of income rules?
1.6k1458y

Resources

Need help with 90-day reporting?