Question regarding changes from 800k banked funds to the 65k monthly. Does the 800lk need be banked full 12 monthly and 3 months after extension granted?
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TLDR : Answer Summary
When transitioning from the 800k baht banked funds method to the 65k baht monthly income method for Thai visa extensions, you must maintain the 800k baht in your account for three months after your application, and it should not drop below 400k baht for the remainder of that extension year. Additionally, for the next year, you need to have transferred 65k baht monthly for the previous twelve months before applying for the next extension.
Tod *********
Okay, let's sort this out,
going from banked money method (800K baht) to the monthly income method (transferring in 65K baht a month) is the hardest switch to make.
That's because you have to meet the seasoning requirements for the FULL year of the extension you're on where you used banked money <- meaning you need to LEAVE the 800K baht in the account for 3 months after the extension is granted and then you cannot let the balance go below 400K baht the rest of the year
AND AT THE SAME TIME
you need to bring in 65K baht a month each month every month for the previous 12 months before you apply for the next extension.
In essence you're meeting TWO different requirements, one for the extension you're on now using banked money and one for the next yearly extension you're going to apply for using monthly income
nope that 2 months before is a requirement IF you were using banked money the following year.. So you just do the 800K for 3 months after and keep the balance at 400K the rest of the year while bringing in the 65K baht a month
Your 800K has to be remaining for three months in your account after application and cannot be below 400K until your next year's application is approved and you got your next year's extension, those are the requirements for keeping your CURRENT extension valid, not for the next year's extension. They will check these when you are applying for a new extension.
OK so 800k stays in account after application for yesr extension. And transfer 65k monthly same year. Then second year application goes on 65k monthly . Then after 3 months second year granted the 800k can be withdrawn.?
Pretty sure once you for-filled the requirement of depositing at least 65k and month for an entire year from abroad your given a new extension of stay based on that. So after your new extension of stay is granted the 800k is yours. That’s the way I remember it happening when I switched to monthly income.