What are the requirements for transferring funds for a retirement visa application in Thailand?

Nov 29, 2022
2 years ago
Vladimรญr *****
ORIGINAL POSTER
I went through a lot of local posts but couldn't find the answers.

I apologize in advance if I missed them.

If I send 65,000 baht per month for the whole year (to the finally! established account in Bangkok bank):

1. does it matter if it will be from a foreign account in my name?

2. Does all the money have to stay there for the full 12 months until the retirement visa application?

3. What are the conditions for a trailing spouse in such a case?

Thank you very much for the constructive and valuable comments.
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TLDR : Answer Summary
The key questions addressed revolve around the transfer of 65,000 baht monthly from a foreign account to a Bangkok Bank account for a retirement visa application in Thailand. 1. The origin of the funds must be from a foreign account to be recognized by immigration, and it should show an international transfer code. 2. There is no mandatory requirement for the funds to remain in the account for a full 12 months; they can be withdrawn after being deposited for a year. 3. For a trailing spouse, a Non-O visa must be applied for after the main visa holder secures their year extension.
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Ellie *******
Remember, If you are applying for your initial Non-O retirement visa in Thailand, you need to have 800K in your bank account when you apply for a visa (not 1-year extension). 65K monthly bank transfer wouldn't meet the in-country Non-O requirement. 65K * 12 months makes 780K.
Ellie *******
And if this is the case for you, you need to keep the 800K banked money requirements through your first 1-year extension after initial Non-O retirement for 90 days.
Robert *******
1.It does matter. IF you want to use the 12 months of monthly deposits the money must come from a foreign bank account and it must show the international transfer code in your bank book.

That is why many people had problems with wise transfers as they often came as domestic transfer and that is NOT allowed by Immigration.

The holder of the foreign bank account is not shown and of no interest.
Tod *********
๐Ÿญ. ๐—ฑ๐—ผ๐—ฒ๐˜€ ๐—ถ๐˜ ๐—บ๐—ฎ๐˜๐˜๐—ฒ๐—ฟ ๐—ถ๐—ณ ๐—ถ๐˜ ๐˜„๐—ถ๐—น๐—น ๐—ฏ๐—ฒ ๐—ณ๐—ฟ๐—ผ๐—บ ๐—ฎ ๐—ณ๐—ผ๐—ฟ๐—ฒ๐—ถ๐—ด๐—ป ๐—ฎ๐—ฐ๐—ฐ๐—ผ๐˜‚๐—ป๐˜ ๐—ถ๐—ป ๐—บ๐˜† ๐—ป๐—ฎ๐—บ๐—ฒ?

shouldn't matter at all and in fact won't even show that on your bank book where it shows the transaction code

๐Ÿฎ. ๐——๐—ผ๐—ฒ๐˜€ ๐—ฎ๐—น๐—น ๐˜๐—ต๐—ฒ ๐—บ๐—ผ๐—ป๐—ฒ๐˜† ๐—ต๐—ฎ๐˜ƒ๐—ฒ ๐˜๐—ผ ๐˜€๐˜๐—ฎ๐˜† ๐˜๐—ต๐—ฒ๐—ฟ๐—ฒ ๐—ณ๐—ผ๐—ฟ ๐˜๐—ต๐—ฒ ๐—ณ๐˜‚๐—น๐—น ๐Ÿญ๐Ÿฎ ๐—บ๐—ผ๐—ป๐˜๐—ต๐˜€ ๐˜‚๐—ป๐˜๐—ถ๐—น ๐˜๐—ต๐—ฒ ๐—ฟ๐—ฒ๐˜๐—ถ๐—ฟ๐—ฒ๐—บ๐—ฒ๐—ป๐˜ ๐˜ƒ๐—ถ๐˜€๐—ฎ ๐—ฎ๐—ฝ๐—ฝ๐—น๐—ถ๐—ฐ๐—ฎ๐˜๐—ถ๐—ผ๐—ป?

nope, no requirement to do anything but transfer in 65K baht a month to the account for the previous 12 months before you apply for a year extension. you can pull it out as soon as you want to, there is no minimum balance you need to keep

๐Ÿฏ. ๐—ช๐—ต๐—ฎ๐˜ ๐—ฎ๐—ฟ๐—ฒ ๐˜๐—ต๐—ฒ ๐—ฐ๐—ผ๐—ป๐—ฑ๐—ถ๐˜๐—ถ๐—ผ๐—ป๐˜€ ๐—ณ๐—ผ๐—ฟ ๐—ฎ ๐˜๐—ฟ๐—ฎ๐—ถ๐—น๐—ถ๐—ป๐—ด ๐˜€๐—ฝ๐—ผ๐˜‚๐˜€๐—ฒ ๐—ถ๐—ป ๐˜€๐˜‚๐—ฐ๐—ต ๐—ฎ ๐—ฐ๐—ฎ๐˜€๐—ฒ?

your foreign spouse would have to get a Non-O 90 day visa outside the country from a thai consulate AFTER you have your year extension (most consulates won't issue it until the spouse that meets the requirements has the year extension)
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