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What is the process and frequency of adjustments to financial requirements for Thai Non O/OA visas?
Non-O VisaNon-OA VisaVisa RequirementsFinancial RequirementsAdjustment of Financial StandardsRetirement VisaImmigration Rules Thailand
Dec 20, 2020
5 years ago
Dave ********
ORIGINAL POSTERHi all I have a few questions that are Non O/OA related.
What I know is:
800k in a Thai bank or proof of same funds for OA.
Or
Income of 65k/month.
I can satisfy either of these requirements.
Questions;
How often are these amounts adjusted?
Is there a formula as to how the adjustments are calculated?
When was the last adjustment?
What were the amounts prior to the last adjustment?
What I know is:
800k in a Thai bank or proof of same funds for OA.
Or
Income of 65k/month.
I can satisfy either of these requirements.
Questions;
How often are these amounts adjusted?
Is there a formula as to how the adjustments are calculated?
When was the last adjustment?
What were the amounts prior to the last adjustment?
TLDR : Answer Summary
The financial requirements for Non O and Non OA visas in Thailand, which include having 800,000 THB in a Thai bank or a monthly income of 65,000 THB, have reportedly not been adjusted for many years, with the last known adjustment occurring in 1998. Adjustments, when they do happen, are not frequent and past changes have been 'grandfathered' in. Currency exchange rates may impact financial requirements, but the core amounts needed have remained stable.
NON-O RETIREMENT VISA RESOURCES / SERVICES
- Go to the Retirement Visa Section for information on requirements, including age restrictions, financial requirements, and necessary documentation.
- For immediate assistance, contact Thai Visa Centre directly via LINE at @ThaiVisaCentre or Email them.
- Explore recent discussions by using the Non-O Retirement Visa tag in the search box at the top of the page.
- Join the Thai Visa Advice Facebook Group to ask your questions, and get advice from others.
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Jay **********
I know you were just asking about the financial aspect, but just wanted to share: If you are on O-A and hoping to extend past the year within the kingdom, that's when you'll be required to have health insurance, where as O does not.
James ********
The amounts required have not been adjusted for many years.
However your currency exchange rates do change ...watch closely.
However your currency exchange rates do change ...watch closely.
Dave ********
ORIGINAL POSTERMaybe I am just over thinking it
James ********
@Dave *******
BINGOBenjamin ******
@Dave *******
You're way overthinking it. The last change was grandfathered in, and when the Thai government changes it again, I can imagine the new change being grandfathered in as well. Reply to
Benjamin ******
Reply
Dave ********
ORIGINAL POSTER@James *******
thanks James.I guess my question was predicated on the governments desire to have higher spending people in Thailand, rather than mass tourism.
I feel like they have shown their hand a little already, by putting finical criteria on the STV, then TR, even though that situation has been quite fluid, I still feel it offers a bit of forward insight.
Bobby ********
Dave Harris. If you're doing the 65k per month method, I advise do it manually, so you know EXACTLY how much will go into your Thai bank account. Relying on an automatic transfer every month is at the mercy of exchange rates, and if you fall short in just one month, you then have to convince the IO why the amount is under 65k
James ********
Reply to
James ********
Reply
Benjamin ******
IF, by "adjustments", you mean the Thai government saying something like "Today, we are changing the money requirements for an extension of stay based on retirement from XXX Thb to YYY Thb", I wouldn't worry about it. The last time they changed it was in 1998, and they grandfathered the old requirements in, according to immigration.go.th
Benjamin ******
When you say "adjusted", can you define what you mean? I believe you need the money in the bank account for 2 months prior and 3 months after you apply for the extension of stay (I'm not an expert at that visa though, I expect James to jump in and tell me if I'm not right). You do need to update the bankbook
Dave ********
ORIGINAL POSTER@Benjamin *****
maybe not clear enough...sorry.I meant what were the amounts required prior to the current 800k or 65k/month.
I just see that a lot of people are asking about seasoning money, or how to combine a bank account with foriegn income, so my concern is if people are "just" able to meet the requirements now, what will happen if the amounts are increased?
So from my perspective I dont want to have more money tied up in a Thai bank account than I need too, but would it be wise to put an extra 5k or 10k each month into my seasoned account to mitigate future increases in amounts required?
Bobby ********
Dave Harris. If you use the monthly income amount, your money is not tied up. If the
*****
is transferred in on the Monday, you are free to go out and spend *****
on the Tuesday. I find it's a much easier and cost effective measure than tying up 800,000 for five months, and 400,000 for seven months.Dave ********
ORIGINAL POSTER@Bobby *******
cheers mate.I am more of a set and forget kind of person. If I put the money in the bank and leave it there year round, I dont have to worry.
Bobby ********
Dave Harris. That's cool if it suits your requirement. I'd just get pissed if I'm investing 800,000 at 0.8% and still have to transfer additional money to live on. But that's me!
Reply to
Bobby ********
Reply
Benjamin ******
@Dave *******
It was last changed in 1998, per immigration.go.th, and the old requirements were grandfathered in. I wouldn't worry about it changing on you unexpectedly. Reply to
Benjamin ******
Reply
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