What are the requirements for the 800k THB deposit when applying for a non-O retirement visa extension in Thailand?

Sep 9, 2024
3 months ago
Kaz *******
ORIGINAL POSTER
Hello. I have some questions about 800k THB deposit for non-O retirement visa extension. My wife and I will apply for non-O retirement visa (valid for 90 days, single entry) at the embassy in our country before leaving for Thailand. After entering the country, we plan to open a bank account and do the international fund transfer to the account. Then, apply for 1-year extension in Thailand within 90 days.

My questions are

1. Is it required to provide the proof of international fund transfer for applying visa extension? Or a proof is not necessary and it is okay to bring in cash or bank check?

2. It is obviously not possible to keep the 800k THB deposit in a bank account for 3 months before the application because deposit will be made after entering the country. How can we solve this issue? Any idea?

TIA.
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TLDR : Answer Summary
This post discusses the process for obtaining a non-O retirement visa and the requirements regarding the 800k THB deposit for visa extension in Thailand. It clarifies whether proof of international fund transfer is necessary and how to manage the 3-month seasoning requirement for the deposit if the funds are not available prior to entering the country.
NON-O RETIREMENT VISA RESOURCES / SERVICES
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Henrik *****
You may not be able to open a Bankaccount, until you have a proper adress in Thailand, and have stayed at least 3 month on a longterm visa.

Banks in Thailand are like everywhere in the world, interested in having good stable custormers, that have a permanent address, a steady easy traceable income, and use the account all year round.

That is why the banks are reluctant to give accounts to people on short time ( read: tourist ) visas, and who only spend part of the year in Thailand.

Don’t expect to get a residence certificat, until you have stayed at a permanent adress in at least 3 month, since that is what the residence certificat should confirm.

Furthermore the added attention on whitewashing of money, is an added burden on the banks, so even depositing large amounts isn’t a guaranteed way to open an account.

The value of a resident certificat, had gone down, since Immigration Officers are giving them to people that are not on a longterm visa, or have stayed severel months at 1 adress in Thailand, so even if it is a formal requirement, the bank make up their own assesment of the stability of the want-to-be customer.
Kaz *******
ORIGINAL POSTER
Thank you, Jan and John. We relieved to know that we have one month to set up the bank account and subsequent funds transfer.
John **********
No need to worry about international transfer at all. Although I certainly wouldn't recommend bringing that amount in cash or by cheque, you have to declare anything over 20k USD to customs. Better just to transfer. I think every immigration office requires the funds are seasoned for 2 months for the 1st 12 month extension. Some require 3 months for subsequent extensions
Robert ********
What if I was in country in April for 2 weeks and managed to open my banking account and the funds have been transferred over the last 4 months . can I move past the seasoning time needed for the money because it's been in bank for 4 months already ???
John **********
@Robert *******
yes you will have met the seasoning requirement but most immigration offices will only allow you to apply for an extension when you have 30 days or less left on your current stamp, a few such as bangkok allow 45 days
Robert ********
@John *********
anything over 10,000 k you must fill out forms and declare it
John **********
@Robert *******
is that not for exiting the US?
Robert ********
@John *********
yes I leave here in 3 days to fly to thailand it is the current rule Anything under 10k does not need to be declared anything over 10k needs to be cleared.An authorized
Jan ******************
@Robert *******
you’ll need to declare $10K out of US and $20K into Thailand.
Robert ********
Jan ******************
1) You only have to prove the funds in your name in a thai bank account. Only the initial 90 days Non O requires proof of international transfer.

2) The funds need to be seasoned for two -not three- months before you apply for the extension of stay. (Three months after the extension is issued). So you’ve got one month to set up a bank account with the required funds.
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