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Answered5 years ago

What are the requirements for extending a retirement visa using the 800K baht deposit method in Thailand?

Clifford ********
asked Nov 11, 2021
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I extended my O-A for the first time based on the 65k baht/mo method in Dec 2020. The Jomtien processing agent grilled me for proof of a pension. I don't have one. I pay myself from savings. She couldn't understand that so went to her boss and came back with an approval and said nothing more. I used the same method in prep for next month's extension.

If I get grilled again I might convert to the 800k baht on deposit method though I don't like parking that much money here. So if I do what do I need to do for the Dec 2022 extension? Do I only need to have the 800k on deposit 2-3 months before then? Or do I need to do more than that and earlier than that for next year?
Answer summary
To extend your O-A visa in Thailand using the 800K baht method, you must have a minimum of 800,000 baht in a Thai bank account in your name for 2 months before the application and remain at or above this amount for 3 months after approval. Additionally, during the rest of the year, your balance should not drop below 400,000 baht. If considering the monthly income method instead, ensure you have consistent proof of income of at least 65,000 baht per month, ideally authenticated through your embassy, depending on your nationality.
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Benjamin ******
Benjamin ******
This post has gone as much as it can:

1. A person can either season the 800K THB in a Thai bank account 2 months before the extension of stay, three months after the extension is granted, and not go lower then 400K THB throughout the year OR have proof of 65K THB of income a month from overseas OR use an embassy letter showing they make at least 65K THB a month to get a one year extension of stay based on retirement.

2. There are always new rumors about requirements, however this is a fact-based group and rumors are rumors.

3. A person either meets the financial requirements, or they don't. If they don't meet the financial requirements, then they don't get the extension of stay.

Thank you.
Walter *******
Walter *******
@Tod ********
Are the above rules, about the 800.000 and the 65.000 for an extension, the same for an incountry Non-O? I'm from one of the "embassy affidavit countries". Can I apply for a non-O at Chaeng Wattana with an affidavit attesting to a 65.000 THB income?
Benjamin ******
Benjamin ******
@Walter ******
Yes you can. If you can use the affidavit, you CAN NOT use the income method.
Albert *********
Albert *********
Or you proof your governmental pension by the embassy.
Benjamin ******
Benjamin ******
@Albert ********
Americans do not qualify for an embassy letter.
Brook ********
Brook ********
I’m intrigued by this idea, however, you have to transfer a total of ฿780,000 THB to yourself every year instead of moving ฿800,000 THB once to an interest bearing (0.45%) account?

I already have [a vehicle] and rent a condo, but I have many months where I just don’t spend that much. [What type of situation does this option makes sense for?]
Brett *********
Brett *********
@Brook *******
not all of us have a lazy 800K baht to sit idle in a Thai bank account.
Clifford ********
Clifford ********
OP
@Brett ********
After getting a house built in a location with a cheaper cost of living and some other changes I will certainly have no need for 65k/mo. Our expenses will be way down from our present situation. I won't be happy still about parking 800k here but at least over time I can keep more of my money in the US since I can transfer much smaller amounts to Thailand for expenses. So under those circumstances it seems that will be the better choice. Especially if the monthly method gets bumped to the rumored 100k/mo. Parking the 1 mil or 1.2 mil baht will still suck but again over time I will be keeping more in the US.
Tod *********
Tod *********
@Brook *******
here's the back story

before Dec 2018 most people who were using monthly income method simply went to their embassy and got an affidavit of income from abroad attesting they received at least 65K baht a month and immigration accepted that at face value,

BUT

Since the end of 2018 the US, UK and Australian embassies here stopped issuing that letter

SO

immigrations being the benevolent entity they are came up with a rule where those people who couldn't get the income letter any more but wanted to use monthly income could transfer in to the country a minimum of 65K baht a month each month, every month, for the previous 12 months before they applied for their extension to meet the proof of funds.

If you're from a country whose embassy here still issues the income affidavit you get it and use it to show proof of funds but if you're not you do the monthly transfers should you decide to use monthly income method. Many people do it rather than follow the prohibitive seasoning requirements for the 800K baht banked money method.
Tod *********
Tod *********
In fact I know one creative foreigner who worked in Cambodia for many many years who just transfers 65K baht into his thai account here, withdraws it in cash, and wires it back to his cambodian bank account every month. He just "recycles" the money every month losing only the transfer fees (which he says are minimal) 😮 He's on his 2nd yearly extension with it and has had no issues at all
Barry *******
Barry *******
@Tod ********
Betcha you got a lot of people thinking with that reply LOL
Brook ********
Brook ********
@Tod ********
I didn’t think about it like that.

I suppose for that situation this is an adequate solution.
Tod *********
Tod *********
Nothing personal
@Brook *******
but are you asking a question or just wanting us to know you have a BMW?
Brook ********
Brook ********
I edited the post. I just didn’t want people to think I live super frugally.
Bobby ********
Bobby ********
I think
@Tod ********
has a copy of the actual order relating to US, UK and Australian retirees. Perhaps there's more detail in that?
Tod *********
Tod *********
@Bobby *******
actually the order doesn't list any nationalities. It just says you meet the 65K baht a month income requirement with an embassy letter (if available) or by 12 months of incoming international transfers.

I think the immigration office is just yanking
@Clifford *******
' chain because as a rule offices HATE people using monthly income method. It requires them to actually go thru the paperwork and make sure that the transfers hit every month for the previous 12 months.
Steve *********
Steve *********
If you're bringing 65k/mon in from abroad then providing you're from a country that doesn't issue income letters (i.e. UK, US, Oz), Immigration have no right to ask where it came from.. . If you are from elsewhere you need a letter from your embassy confirming you have 65k bt equivalent per month of INCOME (although you don't actually need to bring it in to T/L), but Imm may ask you to show proof of where it comes from.
Peter **********
Peter **********
at least you get a tiny amount of interest on it. But it is sort of 'lost money' not being able to spend it.
Robert *******
Robert *******
If you want to use banked money it is:

2 months before application date until 3 months after a minimum of 800.000 Thb on a Thai bank account on your name/ Rest of the year the account can not go under 400.000 Thb.

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