What does the latter part of point 3 about Thai retirement visa financial requirements mean?

Sep 11, 2020
4 years ago
Sam ******
ORIGINAL POSTER
Could any of the Good Folk, admin or otherwise, please explain the LATTER meaning of point 3 ( or have) please. Thank you :-)

Point 3 is confusing

Requirements

To apply for this visa you must be 50 years of age or older.

You must meet at least one of the following:

Have at least 800,000 Thai baht in a Thai Bank account which is in your name. This money must have been cleared in the account at least 2 months prior to making your application.Or, have a monthly income

3. or pension of at least 65,000 Thai baht.Or, have an annual income, pension, and money in a Thai bank, which come to a combined total of at least 800,000 Thai Baht.
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TLDR : Answer Summary
The post seeks clarification on the financial requirements for a Thai retirement visa, specifically the latter part of point 3 detailing income and savings conditions. The discussion outlines various ways to fulfill these requirements, including maintaining a minimum bank balance, proving monthly income, or a combination of both to reach the annual total of 800,000 Thai baht.
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Daniel ********
@Tod ********
is the man that knows. He is a true blessing to have for info. He does not get nearly enough Thanks.
Tod *********
That guy tod daniels is a coarse, terse, abrupt guy who sounds condescending (but doesn't mean to) ,

He's an asshole on the inter-web and in real life too BUT he does know thingz, :P
Sam ******
ORIGINAL POSTER
@Daniel *******
Thanks Daniel,

Tod has answered my question fully. He's a great asset to have on this site. :-)
Tod *********
There are THREE ways to meet the proof of funds to get a year extension inside the country based on being over 50 (retirement)

1 - Bank 800K baht in a thai bank account in your name only for the requisite amount of time required for the extension which is; the 800K baht needs to be in your account for 2 months before you apply for the extension, it needs to stay in your account for 3 months after the yearly extension is granted and then the balance can't go below 400K baht for the rest of the year

2 - either get an embassy notary letter stating you have income from abroad of a minimum of 65K baht a month (not all embassies issue this letter) OR transfer in to a thai bank account in your name only a minimum of 65K baht from overseas, each month, every month for the preceding 12 months before you apply for your extension.

3 - use a combination of banked money AND monthly income to hit a total of 800K baht for the year. That means what ever money you decide to bank has to be in the account for 2 months before you apply for your extension, it needs to stay in the account for 3 months after you get the extension and then the balance can't go below 50% of that for the rest of the year, AND the monthly incoming transfers combined with the banked money have to total up to more than 800K baht during the year. Keep in mind they will take the month with the lowest transfer and use that as the incoming transfer for every month (if the transfers are different amounts every month) they will not add each one up month after month
Ben ****
@Tod ********
Please stop using the word "notary" for the embassy income declaration letter. The letter does not need to be notarized, nor has the consul notary powers. Consulates check ones income and issue a letter confirming it.
Sam ******
ORIGINAL POSTER
@Tod ********
Point 3 has answered my question, thank you Tod.
Tod *********
First off, are you applying for a 90 day Non-O visa based on being over 50 (retirement) OR are you applying for a yearly extension of stay ?
Sam ******
ORIGINAL POSTER
@Tod ********
Over 50 (retirement)
Tod *********
@Sam *****
one more time, are you applying for the INITIAL 90 day Non-O visa, OR are you applying for the yearly extension? They are two completely different things.

Where are you now and if you're in thailand what entry stamp did you come in on and are you on amnesty now?
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