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What proofs do I need to renew my retirement visa in Thailand using monthly deposits?

ThailandVisa RulesRetirement VisaProof of FundsMonthly Income MethodBank StatementsInternational Transfers
Jun 10, 2022
3 years ago
Jim ********
ORIGINAL POSTER
I will be renewing my retirement Visa for the second time and plan to use the monthly deposit of 60kB for proof of funds, as I no longer have a lump sum.

I have been depositing over 60kB to Bangkok Bank for over a year.

My question is, what proof do I need for immigration.
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TLDR : Answer Summary
To renew your retirement visa using the monthly deposit method, you will need to provide proof of at least 65,000 Thai Baht being deposited into your Thai bank account monthly for the past 12 months. This requires a printout from Bangkok Bank showing these deposits, along with a letter verifying the authenticity of the statement. It's essential to maintain at least 400,000 Thai Baht in the account if you previously used the 800K method and ensure you follow the seasoning requirements from your last extension. The funds can be transferred internationally from your foreign bank account, and it is crucial that these transactions are properly recorded as international deposits to meet immigration regulations.
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.
Juthamas *************
If using Wise to transfer money from UK bank to Bangkok bank in Thailand, would it show as an international transfer? I’m interested to do monthly transfer as well.
3 years ago
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James ********
@Juthamas ************
 it must be CODED international transfer

Follow WISE Facebook forum.
3 years ago
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Juthamas *************
@James *******
 OK will do, could you please provide the name of the forum would be much appreciated. I’m not sure which one, thanks
3 years ago
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James ********
@Juthamas ************
********************************************************
3 years ago
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Juthamas *************
@James *******
 cheers
3 years ago
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Juthamas *************
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John **********
When you say you no longer have a lump sum, did you maintain a minimum balance of 400k in your account throughout the period of your current extension?
3 years ago
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Jim ********
ORIGINAL POSTER
@John *********
 ops
3 years ago
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John **********
@Jim *******
 if that's a no you didn't maintain the 400k minimum then I doubt very much whether they will give you the further extension.
3 years ago
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John **********
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Tod *********
@John *********
 he would have had to keep the 800K for 3 months after he got that extension and his balance needs to be at least 400K baht until he applies for the next extension using monthly income 😕
3 years ago
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James ********
@John *********
 very important question...
3 years ago
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James ********
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Mark *************
This 65k a month does this have to be paid in from a company or can I just transfer the 65k from my uk bank to Thailand bank . Surely anyone would be spending 65k a month so can’t see why anyone would want to leave 800k in a Thai bank or am I miss understanding how this works .
3 years ago
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Mikkel *******
@Mark ************
 it has to be an international transfer, and marked as such in your bankbook. It has to be transferred each and every month to an account in your name only. Where they originate from (company/pension/savings/etc) is of no importance, as long as they are transfered internationally each time.

Everyones situation is different.

There can be many reasons why someone choose the 800K in the bank, or monthly transfers.

Many live on way less than 65K a month, some might not have 65K a month to transfer, others just find it easier to keep the 800K in the bank here.. As they say.. Up to you..
3 years ago
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Bobby ********
@Mikkel ******
 The 800k method is a total misuse of money. You don't ever see it again as long as you stay in Thailand. I need 45-50 a month to live anyway, so jacking it up to 65 is no big deal. And it's mine to spend as soon as I get it
3 years ago
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Mark *************
@Bobby *******
 this is what I was thinking why leave that much money in a account . I will be spending more than 65k a month as I’m not buying but will be renting so I would rather do the 65k a month method . Maybe do the 800k first year then just change after that to the other method . Thanks for your reply everyone I’m totally new to this but hoping to move there July sometime.
3 years ago
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Mark *************
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James ********
@Mark ************
 it must be transferred internationally from your foreign bank to your Thai bank account in your name ONLY..

And must be CODED as received from your Bank account in your home country to your Thai bank account.
3 years ago
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Mark *************
@James *******
 ah ok is that because it’s better to go through transfer wise or someone like that for better exchange rate so be better off with the 800k in the account ?
3 years ago
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James ********
@Mark ************
 transfer wise (now is WISE) is a good source of helpful information about the international deposits to your Thai bank account. They can advise you. The CODING is critical. Follow their WISE forum on Facebook.
3 years ago
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James ********
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Tod *********
Keep in mind IF you used banked money last time (the 800K baht) you need to have kept it in the account for 3 months after you got the extension issued AND then the balance couldn't go below 400K baht the rest of the year EVEN though you will be using monthly income for this extension you have to keep following the rules for the last one where you used banked money
3 years ago
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Tod *********
@Jim *******
 check your message requests, I messaged you
3 years ago
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Jennifer ******
@Tod ********
 so the last of the 400k can't be withdrawn till after the new renewal has been done?
3 years ago
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Tod *********
@Jennifer *****
 CORRECT because last years extension was via banked money and the seasoning requirements for it were 800K baht 2 months before you apply, kept in for 3 months after you receive the extension and then can't fall below 400k the rest of the year
3 years ago
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Jennifer ******
@Tod ********
 thanks heaps.
3 years ago
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Jennifer ******
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Tod *********
going from having used banked money method on the last extension to monthly income on the up coming extension means you need to meet BOTH extensions requirements (the seasoning requirements on the current one) and the monthly income requirements on the up coming.
3 years ago
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Daniel *********
@Tod ********
 For the second year extension if you have put at least
*****
baht monthly into the account, does that need to remain untouched or can you use it after it has been deposited?
3 years ago
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Tod *********
@Daniel ********
 you can use it as soon as it hits the account,
3 years ago
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Daniel *********
@Tod ********
 thanks
3 years ago
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Daniel *********
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Chris ********
@Tod ********
 do you have to maintain that 400k every year to renew any immigration visa ?
3 years ago
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Chris ********
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Mikkel *******
You write 60K. I am pretty sure the requirement is 65K.
3 years ago
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Bobby ********
@Jon *******
 There's no correlation between the 65k/month or the 800k. The difference is the 65k belongs to you exclusively to spend how you want. The 800k just sits in the bank gathering dust. It's a no-brainer
3 years ago
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Jon ********
@Bobby *******
 whatever, they both get you a retirement Visa and are different amounts.
3 years ago
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Bobby ********
@Jon *******
 Correct. Two totally different processes.
3 years ago
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Bobby ********
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Jon ********
@Mikkel ******
 I always wondered why 65k a month is only 780 k annually but you need 800k in the bank.
3 years ago
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Bobby ********
J refer@on Warner Biggest difference is you can spend the 65k as soon as you get it. The 800 is almost untouchable
3 years ago
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Jon ********
@Bobby *******
 you miss the point, 780,000 is not 800,000.
3 years ago
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Jon ********
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Mikkel *******
@Jon *******
 good question. I don't have a clue what the answer to that is.
3 years ago
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Mikkel *******
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Jim ********
ORIGINAL POSTER
@Mikkel ******
 yes I found out but not a problem
3 years ago
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Mikkel *******
@Jim *******
 okay 👍 So that means you have either transfered at least 65K each and every month, or are using the combination method. Whatever you are doing, it's at least good that you are aware that it's not just 60K alone each month.
3 years ago
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Ursula *********
@Mikkel ******
 I've been looking for someone to mention the combination method - so, it does (still) exist?
3 years ago
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Ursula *********
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Ian *********
To order a statement from Bangkok Bank, it takes up to 10 days. You need a letter with it certifying it's authenticity. When you order arrange the letter. They understand Immigrations requirements. 600 baht from memory.
3 years ago
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Ian *********
@Jennifer *****
 can you confirm that it is accepted by immigration. Its only been available about 1 month
3 years ago
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Jennifer ******
@Ian ********
 I haven't, but will do. I only found about the service the other day.
3 years ago
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Jennifer ******
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George *******
@Ian ********
 last time cost me 200 for the two letters.
3 years ago
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George *******
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James ********
You will need a printout from your Thai bank showing the international deposits made to your account for the prior 12 months.
3 years ago
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James ********
FIRST...the amount of required to be transferred to your Thai bank account in your name only is 65,000 Thai baht monthly or more for the prior 12 months.
3 years ago
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Jim ********
ORIGINAL POSTER
@James *******
 thank you I have
3 years ago
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James ********
@Jim *******
 with that then you are set to apply for the one year extension of stay as retired.

Be sure to ask your Thai immigration office of their requirements. As may have varied from others.

The key to proof will be how the international deposits are CODED by your bank on receipt.
3 years ago
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James ********
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