What is the cost and requirements for a retirement visa in Thailand if I don't have 800k baht in a Thai bank?

Jeff Hoffmeister So, you already put 800,000 THB into a thai bank account? Then, good luck to you. 😅

Graeme Walker with who???

Stephen Galvin to get the initial 90 day 'retirement' Visa, using the 65k+Baht monthly income method from the start, the Embassy of your home country would need to provide an Income Affadavit, confirming your income. While I don't know what country's Embassies still do this, I know that those of Australia, USA and UK no longer do it.

If you're from one of these countries, or another that don't do the Affadavit, then (without using an Agent in Thailand to do it the illegal way) you need to have the lump sum to start with.

The best way is to do this is apply through a Thai Embassy or Consulate in your own country for a Non-O Visa based on being over 50 years old, before going to Thailand. That way, for the initial Visa, you can show proof of the equivalent of 800k+Thai Baht in your bank account in your home country. Going this route, if your Visa application is approved, you will then have 90 days from the date of approval to arrive in Thailand.

Once you arrive in Thailand, that Visa itself will see you stamped into the country for 90 days. You'll be able to open a bank account in your name only (opening a Thai bank account on any kind of tourist visa or Visa Exempt is virtually impossible now), Get yourself a Thai phone number (Thai banks will require that to open an account). Deposit 800k+Baht in your new Thai bank account. That money needs to sit in that Thai bank account for two months before you can apply for an annual Extension of Stay. For this Extension, I believe that you might have to have a minimum of 15 days left on you initial 90 day Visa. You certainly don't want to leave it until 'the last minute'.

If you wish to then use the 65k+monthly income method for your second annual Extension of Stay, you need to transfer to your Thai bank account, 12 monthly amounts of that 65k minimum each and every month before you apply for the second extension. I believe, but I'm not certain, that those monthly transfers must show, that they are International transfers. Once the requirements are met for the second annual Extension, you can move that 800k+Baht to whatever you want it to earn the higher interest.

Note: once your first Extension has been granted, the 800k+ has to remain in your Thai account for a minimum of 3 months. Then, it must not drop below 400k Baht and it must be back up at 800k+ for 2 months before you apply for your next Extension of Stay.

There's some of the steps. Other requirements for the initial Visa are on the website of the Thai Embassy or Consulate in your country (it's all done online now for Visa applications). There's more that you would need to know, but if you want to go ahead, ask questions in your own post in the group.

David Smith There’s one in every crowd.

Sobba Law it would be Thai Baht he’s talking about

Michael France fly back England for treatment

Tony Fairbrother you also cannot have a Thai bank account with a DTV The government will close your account eventually as it is only a tourist visa.Be careful

Tony Fairbrother still representing excellent value for money - it’s for 5 years - multiple entry- and lets you stay 180 at a time

Tony Fairbrother For DTV?

@Debra ******

the 12 months is for the extension of stay

Kjetil Dingstad hang on, you're calling others "stupid"? Maybe so, but before you commented (2-3 times) did you actually read the original post, which is one sentence? Did you read your own screenshot before posting it?

The Original Post was asking about the cost of the original, initial Visa, NOT an Extension of Stay! Your screenshot clearly shows that you are talking about an Extension of stay for 14,000 Baht! Maybe you should get your information correct, or try to read properly before commenting!

Kjetil Dingstad I could be wrong, but that is for the extension of an existing visa. The first time, to get it, it cost much more.

Kjetil Dingstad NONE of the dozen I inquired with were under 20,000. And I have a non O plus my own Thai bank account.

John Doty If my information is right, you need to prove these transfers on your account, for 12 months. If you have done this, and have it transferred to a Thaï bank account, then this way, would be possible. But most people, not have a bank account, before submitting, because banks refuse to open on tourist visa. Then you need help to open one, then you need help to get 800.000 on the account to get to immigration.

Note, this is all illegal.

Darren Toot The OP very clearly wrote “without 800k”.

Rob Hua Hin Yet another useless comment and another arrogant member to add to my block list. 👍

Rob Hua Hin it's about 25 thousand usd. That IS a lot

ชนัญชิตา บุญมาก rent needs to be 120,000 bht a month 🤣🤣🤣🤣

Stuart Burrell How is paying Bt1900 yourself versus giving a dodgy agent Bt45k not a better deal ?

Stuart Burrell And then your bank account is frozen! 😂😂

Stuart Burrell can you name an agent that can this please?

Minuiteman Butch 🤣🤣🤣🤣

Minuiteman Butch noBTl

Minuiteman Butch Butch be careful ful I'm already seeing scammers on here the required amount is 0 but not pounds or Thai but per month accountable income, I believe!

Minuiteman Butch about £20,000

Minuiteman Butch no, baht

Tom Whyte so stupid

what i need for extension o-a visa? i dont live in thailand

The question is crystal clear! Most answers here, not so!

Paul Christopher Lowery true mate

David Moloney what agency thanks?

Chow Thai Renewal

Arnold Johnston This arrogant comments come everywhere here. You have enough money but not in Thailand for retirement. You just do not put the money in Thailand. Some people just do not want to put their money in Thailand. I can not say, that 800K THB is huge money. They have it enough but not in Thailand, exactly in Thai banks. I really do not understand that people like you. Thailand can kick any of foreigners out of Thailand for any of reasons or for no reason and ban to enter Thailand. You really do not know this fact?? Regardless of the funds you put in Thailand. Actually it does not matter if you follow the laws in Thailand. Thailand has no exact laws. They make a new law today, and tomorrow they change it and make another new. This is the basic law in Thailand. No one knows. What we can do? only whishing good luck.

Arnold Johnston who say he dont have ?

Arnold Johnston 🖕

Arnold Johnston he may have a pension that's enough to live on but doesn't have 800k to deposit. No way I am depositing 800k in a banking system that freezes your money and have to jump through hoops to get your own money back. Got my money in Cash ISA, SIPPS and Fund and Share accounts your money grows it's not sitting dormant.

Arnold Johnston Thank you for clarifying another arrogant member to add to my BLOCK list. 👍

Arnold Johnston Maybe he does not want to lock his money in a Thai bank in perpetuity.

Arnold Johnston bolox

Arnold Johnston good answer- total nonsense though

Arnold Johnston don’t talk through your backside.

How to prove

Fred Wijnands i did . A combination of capital and income is not possible in a retired visa !

Fred Wijnands nope . Thats for a marriage visum .

For a retired you need 800 k on the bank !

Fred Wijnands Fred that's if your married to Thai national

Fred Wijnands yes It’s must be proven for 12 months🥴

Fred that’s only on 2nd extension of stay and the 400k + income is not accepted at some IO’s