What is the required duration for money to stay in the account when using an agent for a Thai retirement visa?

Todd McGowan you are a strange one. Nothing bitter. Just wise. It doesn’t actually happen anywhere.

Well said 👏🏻 every country has them. Even the lousy countries.

Ross Chabi that's what I said

Young agreed! exactly what I am saying if you rich why complain about 800k baht simple

Young because putting our own 800k baht without an agent putting their money is more legal. We don't mind losing money on near-zero intrest. Why pay money for doing something illegal if you have the money to do it legal ?

Doesn't make any sense if you have the money. Because we can get a bit more intrest somewhere else ? What do I need that little bit of money for ? What would I spend it on ? There is nothing I could possibly think of.

BC Farang Ok, you think so. fine. It is your money and your life. how to do it is fully up to you. noone bothers you. It sounds very irony for me. Why so many farangs do not want to buy condo in thailand, even it is their name on it? Yes risiky and not a good investment at all. That is why the always rent. Yes low risky and if things go wrong, they will lose only deposit. not a big money at all. They can easily exit at any time without big loss. Being rich now does not mean being rich for ever. If you think I can lose 800k thb and nothing effect at all in your life? You are never close to being wealthy at all, because rich retired people really care to keep their money, not earning money. Most of them tend to invest in safe and stable ways. not a risky business. Most of them have a lot of savings. but enough and enough for their rest of life. However, they have no special income like big investment. They just want to keep their money safe, so that they can spend it all before die. Maybe, 50 years long. without any income, including interest at all. Thailand is not safe place for them to keep their money. And they like simple ways to get and spend their money. And, they always have exit plan, simple and easy exit plan. They also clearly know what is foreigner in Thailand, or other foreign countries. foreigners can be evicted at any time regardless of you put money in Thai bank or not. regardless of you are totally legal or not. Just be aware of this, regardless of your 800K thb in your thai bank. If you do not understand this, fine, it is your life and live as you think. Good luck

Young foreigners DO buy condos in Thailand. That decision is just personal preference.

Buying a condo is NOT only about investment. Some people have the money and want peace of mind owning it and doing what they want with it and not have to worry that some day they have to move out.

There are several pro and con factors. For others there is peace of mind in renting so that they can move to another place anytime. It just depends on what you want and what your financial situation is.

Young your reply is confusing. But let me address some points : keeping a few million baht in Thailand is not a problem if you have enough, it has nothing to do with "Thailand being not safe".

For some a million baht is their whole life savings, for others it is just some cash in a drawer.

Of course nobody wants to lose a million baht, but for some losing it is a disaster. For others it will not change their life at all, makes no difference. For someone who is poor or just not rich, they will have 500 baht less at the exact moment they pay something. Between paying and receiving money their welath stays the same.

For someone who is rich, a million baht less or more fluctuation in wealth can happen during the time they watch a movie in their sofa.

So why would a few million baht in a Thai bank account then be a problem even if you don't really trust Thai banks that much ?

You always need some spending money anyway.

Clinty Williams rich people don't trust the Thai banking system

Elías Molina dude, we don't think Thai banking system will collapse overnight. And though we don't like losing money, it wouldn't make any difference in my life at all if I'd suddenly lose 800k baht. 800k is a normal day fluctuation anyway.

800k is not big enough to lose any sleep over it not trusting the Thai banking system.

Elías Molina no, for rich people 800,000 baht is nothing, they wouldn't care about the interest from that either. And FYI the real rich are using the Thai elite visa, they don't bother renewing it yearly.

Strength AndWill Elite visa lol? It's the poor man's LTR. If you can't qualify for LTR, you can easily buy Thai privilege

Strength AndWill you really dont know Thailand and Thai banks. Even Thai people do not put such money into Thai banks. yes 800K Thb is not a big amount at all. Rich people can put it at any time if they want. so why hurry?? if they want or if they can trust Thai bank, and other Thai Authorities, like tax office, They can put it at any time. And, anyway, rich people always hire Agents. They usually do not like hassle, stress, problem with foreign authorities. Why? They are rich. rich people always put the highest value on time, not on money itself. And, they always try safe ways for their money. Safe and stable. this two things are very important for them. so, Thailand is sadly not safe and stable yet for the money. That is why they always hire agents and pay well for them. Rich people always like simple and easy way. So using agent is simple and easy for them. One more important thing, rich people always think of exit plans. If something happens to them in Thailand, they want to exit in easy way. That is also why they use agent. Hopefully you understand this. If not, it is fine. You live your life, they live their life.

Strength AndWill the richer you are, the most you care for the interests 😂

Elías Molina Rich people don't get a retirement visa, they opt for an elite visa.

Elías Molina yes, but that is for big money, not for 800k