Answereda year ago
What should you do about the 65,000 THB monthly transfer for the O retirement visa if you are out of Thailand?
Hi, i am going to apply for the yearly O retirement Visa using the monthly 65.000 transfer system soon. ( Currently doing the 800.000 system.
Q- what do you guys do if you are out of Thailand as far as the 65.000 transfer every month. Do you stop the transfer while you are away, or do you have to transfer 65.000 every month regardless of where you are? Thanks.
Q- what do you guys do if you are out of Thailand as far as the 65.000 transfer every month. Do you stop the transfer while you are away, or do you have to transfer 65.000 every month regardless of where you are? Thanks.
Answer summary
When applying for the yearly Non-O retirement visa using the monthly 65,000 Baht transfer method, it's essential to maintain your monthly transfers regardless of your physical location. Comments from experienced expats highlight that you must document 12 consecutive monthly transfers of at least 65,000 Baht to qualify for the visa extension. Stopping these transfers while abroad could jeopardize your application, so many suggest continuing the transfers consistently. Additionally, maintaining the 800,000 Baht in your Thai bank account during this process is advisable for peace of mind and compliance with visa requirements.
32 repliesnewest first
Click comment and we will ask for your email, then OTP, then name.
Henrik *****
You need to document 12 monthly transfers of at least 65.000 baht all done on time and not missing any, before you can change to the monthly transfer system.
Bill *********
Therefore maintaining the 800k is the best arrangement.
Keith *******
@Bill ********
Not really. It's dead money tied up for the rest of your life. You still need to bring in money to live on. The 65k transfer method is by far the best methodBill *********
@Keith ******
Well not in my view. I can bring over money at my own discretion and use that account as my pool for covering expenses. I know it's always there to meet the visa requirements. I place a value on my peace of mind not worrying if monthly transfers happened or not. And the interest I'm giving up I consider the cost of living in Thailand. It's easily replenished in the normal course of my finance business anyway. It all works perfectly for me.Bill *********
@Keith ******
It's kinda nice two options are available to suit people's "best" approach! Good luck. Let's enjoy 🇹🇭. Some countries make it impossible to stay long term.Keith *******
@Bill ********
It works for you, which is great, but not necessarily "the best arrangement". To put 800,000 dead money in a Thai bank earning about 1% when I can be getting 9% tax free is not sound financial strategy. I get a monthly pension which easily covers the 65k, so for me it's by far the best arrangement. I do the monthly transfers myself at the beginning of each month so I have peace of mind!
Rok ********
Transfer monthly without fail … ideally on the same date of every month.
Keith *******
@Rok *******
Same day every month is irrelevant, provided it's within the month.
Mike *******
Carry on regardless
Nick ************
I am in the UK now for 6 months and I am continuing to make my monthly payments in order to get an extension stamp in February.
Oo *****
OPI think you guys have covered the situation nicely. Never miss the transfer wherever I am physically. I will keep my 800.000 in the bank to be on the safe side. Might see you next month. C u
Kevin ***********
@Oo ****
that can drop to 400,000 after the first yearChris *******
@Kevin **********
nope. 800k 2 mths before extension , 800k 3mths after approval, never below 400k, back up to 800k 2 mths before next extension. Rinse and repeat every year.
Graham ******
@Kevin **********
that's correct after the first year but not what you said (400k)Chris *******
@Kevin **********
if you apply without 800k and you get turned down for the income method, you start over. Many including myself, just lock 800k away and never worry about it again.Kevin ***********
@Chris ******
but you don't need the 800,000 if you have monthly income of 65,000 according to most peopleGraham ******
@Oo ****
If you keep the 800k make sure you get documentation from the bank covering 12 months and including 12 monthly deposits of 65k and highlight these on the 12 month statement so that the IO is aware that this is the reason you are applying for the new extensionOo *****
OP@Graham *****
Right, that makes sense. I want to eventually return the 800.000 back home as it earns diddly squat in Thailand. Thanks.
Stephen *********
I think you mean the Non-OA visa. The Non-O requires a deposit of THB 800,000 in a Thai bank account, I believe. I have the Non-OA and use the monthly transfer into my Thai bank account. It also requires insurance.
Keith *******
@Stephen ********
non-O also uses the 65k transfers for extension of stayChris *******
@Stephen ********
non-o is correct.Chris *******
If you are using income method you must NEVER miss a month
Jesper *******
65kx 12month non stop and make sure 800k first 3mths and 400k all year still follows
Thomas *******
Also, if you start with bank "A" with the 800k, do you have to stay with that same bank for the 12 65k transfers or can you transfer 65k for 12 months into bank "B" and use Bank "B" going forward? TIA for any insight.
Chris *******
@Thomas ******
anything that confuses or complicates the process is bad.Keep it as simple as you can. Use the same account if possible then move it as needed.Not saying it won't work but, keep it simple.Thomas *******
@Chris ******
@Jesper ******
, thank you guys for your replies that are much appreciated. Whether it's 800k or 65k a month it is still a stand-alone account, correct? I will ask Nong Khai Immigration if they have a problem with switching banks based on the 65k. Thank you both again for your answers. House will close June 20 and will make the leap June 25. Not necessarily nervous, just don't want to screw up.Jesper *******
@Thomas ******
after switching to 65k method yes your 800k is set free.....i use only one acct for immigration....if you are planning to use 2 accts then u will need to show both accts to immigrationThomas *******
@Jesper ******
the 800k/400k is for the first extension going into the 2nd extension, right? After the second extension is granted on the 65k monthly basis, then the 800k is free to come out of the bank?Chris *******
@Thomas ******
yes.I Also recommend having the 800k in the account for the 2nd extension in case they don't accept your income method.Jesper *******
@Chris ******
yes I do agreed you only start moving the 800k after the immigration accepted the 65k method and grant your extension
Stuart *********
In order to get your next extension you have to have 12x monthly transfers of 65k or more, regardless of where you physically are.
Activity
15 joined15
people
Related
25Is it true that Britons applying for a DTV visa only need 500k THB in their account for one month, and can they apply from anywhere?
1k9101mo
What are the current financial requirements for a Non-O Retirement Visa in Thailand?
1.9k19152mo
Can I cancel my work permit and business visa in advance while transitioning to a non-O retirement visa in Thailand?
1.3k12122mo
Can I obtain a Non-O Retirement Visa using monthly income instead of the 800,000 baht requirement?
9.8k402214mo
Do I need to show 20,000 THB in cash upon entering Thailand with a Non-Immigrant O (Retirement) visa?
2.3k10474mo
Can I keep my Thailand Non-O Retirement Visa while living in another Asian country?
230115mo
What type of visa should I enter Thailand with to apply for a non-O retirement visa?
4.7k37556mo
Is an 800,000 THB deposit required for a Non-O retirement visa extension in Thailand when using the 65,000 THB per month income method?
8.5k351858mo
Can I qualify for a Non-O retirement visa in the US with pension funds after extension in Thailand?
1.2k1159mo
Can my mother-in-law apply for a Non-O Retirement Visa from Vietnam using her UK bank account?
4.7k36551y
How long after renewing my retirement visa based on 800,000 THB can I access my funds?
4.2k27571y
Can I change my tourist visa to a Non-O retirement visa in Bangkok or must I visit my local immigration office?
2.7k24191y
Do I need to transfer 800,000 baht to a Thai bank before applying for a visa extension?
1.7k13131y
What are the best visa options for a New Zealand couple planning to retire in Thailand, considering one spouse is under 50?
3.8k34261y
Can I enter Thailand as a tourist, get married, and apply for a Non-O visa without leaving the country?
3.9k30411y
Can I study Thai on a retirement Non-O visa in Thailand?
3.6k28322y
What are the details of the Non-O retirement visa and its extensions in Thailand?
2.5k10412y
When should I file my 90-day report for my Non-O Retirement Visa in Thailand, and can I do it online?
938372y
When can I withdraw money from my Thai bank account after satisfying the 800,000 THB requirement for a visa?
24.3k1633652y
Can I fly to Cambodia and return to Thailand on the same day using a visa exemption after my TR visa extension?
2.1k14213y
What are the renewal requirements for a Non-O retirement visa in Thailand?
4.9k40493y
Can I apply for an additional 30-day visa extension after receiving a 60-day extension in Thailand?
935485y
Can U.S. citizens enter Thailand on a tourist visa and convert to a NON-O retirement visa later?
2.6k20265y
Can I apply for a Single Entry Tourist Visa (SETV) in the Philippines, and is it easier than in Cambodia or Laos?
3168y
Can I apply for a 1-year extension of my Non-O visa after returning from my trip?
670258y
Resources
Need help with your retirement visa?
#1 visa agent · 4,000+ reviews · 100,000+ expats served