Answered10 months ago
What are the requirements for maintaining a retirement Non O visa in Thailand regarding bank balance and fund transfers?
I understand you need to maintain about 800,000 baht in an account to renew/keep the retirement Non O visa (or at least have it in there for 6 months before renewal) but I’ve heard you can withdraw funds momentarily and go below the 800,000 is this true? And I send money into my account regularly from Canada but is it possible to send it the other way? I mean back to Canada, with a banking app
Answer summary
To maintain the retirement Non O visa, you must keep at least 800,000 baht in your bank account for 3 months after receiving your extension, and not drop below 400,000 afterwards. It is permitted to withdraw funds momentarily, but the account must return to 800,000 baht for 2 full months before applying for the next renewal. Additionally, international money transfers are possible, allowing funds to be sent back to Canada.
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Graham ******
If you start transferring 65k per month by international transfer before you get your first extension you will have 12 deposits to use by the time the application for your second extension is due and not need to top up to 800k again and can withdraw the remaining 400k when the second extension is approved.
Anna *********
Your understanding is a little confused
Brandon has put you in the right track but it might be a good idea to reread the recon the Thai visa website to ensure you have a full understanding of
Brandon has put you in the right track but it might be a good idea to reread the recon the Thai visa website to ensure you have a full understanding of
Brandon ************
Once you receive a retirement extension, your bank account must remain at 800,000 for 3 months after you receive the extension and cannot drop below 400,000 after that. It must be back at 800,000 for 2 full months already at the time you apply for the next year's extension.
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