Answereda year ago
What happens if your bank balance drops below 400,000 THB on a retirement visa in Thailand?
Would anyone know what the ramifications would be if your bank account was to fall below 400,000 on a retirement visa, thanks
Answer summary
Falling below the required 400,000 THB in your bank account can immediately invalidate your retirement extension in Thailand. This means you may be at risk for overstaying your visa, and when you apply for the next extension, it could be denied based on failing to meet previous requirements. It's important to maintain the balance or risk complications like needing to leave Thailand and reapply for a new non-O visa.
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Wannikea *********
Zero wiggle room, fulfill the requirements completely or start from scratch.
Peter *******
If you have a good past record they will probably overlook it this time
Wannikea *********
@Peter ******
dream onBrandon ************
@Peter ******
Past record is not a factor. The guidelines are black and white.
David **********
Spending to much on ladyboys?
David ********
@David *********
is that what you spend your money on?David **********
@David *******
ladies. Yes. Half my money goes to them. Not lady boys.David ********
@David *********
sure, sure ...
Will ************
Even 1 satang below you start from fresh
Brandon ************
That's not a requirement for a retirement visa, it's a requirement for a retirement extension. If you are on a retirement extension and your bank account drops below 400,000, technically your extension is invalid as of that moment. You could theoretically be charged for overstay from that day forward. I've never seen that actually happen though, but what will happen is when you go for your next extension and they ask to see the 12 month bank statement, they will see you failed to meet the requirements of the previous extension and deny your next one. You will have to leave Thailand and start over with a new 90 day non-O visa.
Tony **********
@Brandon ***********
do you know why an exit is necessary and not just collect the visa fee and start the new one then and there?Brandon ************
@Tony *********
what visa fee? The only thing available is an extension. If you're not able to extend there is nothing else to do except leave. When you return you can convert from tourist to non-O visa. You can't convert from an extension based on retirement to a visa based on retirement. There's nothing to convert, you're already on that type of entry. That's not how it works.
Brandon ************
@Tony *********
conversion is applying for a visa. All visas are 2000 baht. All extensions are 1900 baht.Tony **********
@Brandon ***********
Understand that's how it works. Just seems like an unnecessary burden. I assume when one converts there is a fee. Not the first Thai process I've found odd!😅David ********
@Brandon ***********
saw the extension denied in Chonburi for this exact reason. They told the guy he had to leave the country and come back and apply for a fresh visa again.Activity
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