Im on a retirement visa here and had the 800,000 baht in my Thai bank. Recently read that 400,000 baht must be the lowest amount maintained in the bank account.
Is this correct as I am unable to see any detail of this for this visa?
What is the impact if the amount is below 400,000 baht?
Thanks.
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TLDR : Answer Summary
To maintain a retirement visa in Thailand, you initially need to show 800,000 baht in a Thai bank account for at least 2 months before applying for your extension. After receiving your extension, you must keep that amount for 3 months and then maintain a minimum balance of 400,000 baht for the remainder of the year. If your account balance drops below 400,000 baht, you will fail to meet the necessary requirements for the visa extension, which could lead to denial of your application next year and potential expulsion from Thailand.
NON-O RETIREMENT VISA RESOURCES / SERVICES
Go to the Retirement Visa Section for information on requirements, including age restrictions, financial requirements, and necessary documentation.
For immediate assistance, contact Thai Visa Centre directly via LINE at @ThaiVisaCentre or Email them.
Explore recent discussions by using the Non-O Retirement Visa tag in the search box at the top of the page.
, of course you can afford to retire without 800k sitting in some Thai bank earning nothing. Just be on the visa that allows you to bring in 65k every month, that is perfectly adequate amount for you to live on as long as you are wise in your spend habits.
plus I have seen immigration officers tell people you lost the extension & were on overstay from the date you failed to meet the seasoning requirements
yikes. Man, I think just donโt ever touch it. Leave the 800 alone forget about it.
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David *******
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Tod *********
If you are on a yearly extension of stay based on banked money method you need to have had the 800K baht in a thai bank account in your name only for 2 months before you apply for the extension, you need to keep that 800K baht in the account for 3 months after the extension is granted and then the balance cannot go below 400K baht the rest of the year.
You failed to meet the requirements for the extension you're on and they'll catch it next year when you apply for the extension and turn in the year transaction detail statement