What are the requirements for using the income-only method for a retirement visa extension in Thailand?

Retirement Visa Thailand Visa Rules Income Verification Bank Statement Requirement Expat Immigration Guide

Mar 20, 2019

6 years ago

ORIGINAL POSTER

NEW TWIST TO RETIREMENT VISA EXTENSION?

Today I visited the Udon immigration office and told him that I intended to use the income-only method for funds verification when my extension expires in September. 

I presented my bank books, copies of ATM withdrawals from a foreign source, deposit slips and documents from my home country verifying government  and company pensions.  I asked if that was all they would need in September.

The answer was “no.”  Two separate officers told me I had to have a bank statement as well, verifying that these amounts came in every month.

I thought for the income-only method, that really the bank books and copies of those deposits would be sufficient.  This is the first I’ve heard of needing a bank statement also.  

I thought the additional bank statement was only for the 400,000-balance  and 800,000-balance fund verification methods.

If indeed, a bank letter/statement is needed, can someone give an example of what it would say?  The officers were a bit vague on this.

Could someone who uses the income-only method verify either way for me?

Appreciate your input,

John D.

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TLDR : Answer Summary

A user inquired about the necessary documentation for extending a retirement visa in Thailand using the income-only method. During a visit to the Udon immigration office, they were informed that in addition to bank books and deposit slips from their foreign source of income, a bank statement verifying monthly deposits would also be required. This information contradicted their understanding that bank books sufficed for the income-only method. They sought clarification from the community on whether this requirement was accurate and what the bank statement should include.

NON-O RETIREMENT VISA RESOURCES / SERVICES

Go to the Retirement Visa Section for information on requirements, including age restrictions, financial requirements, and necessary documentation.
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Robert *******

It has to be shown as a foreign deposit into your Thai bank account. And how you need to do this has nothing to do with Thai Visa advice. Search the www and you will find lots of discussions and possibilities how to transfer money from one bank to another. And before this is going into another discussion: What is the cheapest way to transfer money into my Thai bank account which is not Thai visa related I close the commenting.

6 years ago

Robert *******

This means a withdraw with ATM card of a foreign bank account and than a CASH deposit into a Thai Bank account is NOT a foreign deposit into your Thai bank account.

6 years ago

Ron *******

Your income letter isn't going to be accepted in September, if as I think you maybe trying to use. Either way, your going to need too import the funds too a Thai bank account. Minimum 65k a month, every month

6 years ago

Robert *******

You need a letter from the bank, that is is your bank account and the money is coming in from abroad.

6 years ago

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Robert *******

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