Answered4 years ago

When can funds be withdrawn after renewing a retirement visa with 800k in Thai bank account?

retirement visa 800k funds requirement Thailand visa rules bank balance requirements visa renewal process

Massimo *********

asked Aug 21, 2022

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Hi! 

Just a clarification about the 800k on the account for the retirement visa!

Funds can be touched 60 days after renewal, the 60 days starts from the renewal date or after the end of the actual year? Example, visa expiring on 23/8 but renewal has been done earlier on, 1/8, so the funds can be touched on 2/10 or 24/10?

Answer summary

The inquiry seeks clarification on when the 800,000 baht requirement for a retirement visa can be accessed after a visa renewal. The discussion indicates that funds can be withdrawn 3 months after the renewal date, not 2 months as initially thought. A specific example was provided to illustrate how the timing works with visa expiration and renewal dates.

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James ********

It's 3 months after your renewal date of August 23......not 2 months.

AND your one year extension is ADDED to your current ending date of your stamped date in your passport...which is August 23

4 years ago

Tod *********

nope, the seasoning on banked money method is specific;

800K baht in a thai bank account for 2 months before your extension application and the funds stay in the account for 3 months after your previous extension would have expired and then the balance cannot go below 400K baht the rest of the year 😮

or that's the way they interpreted it in Bangkok

4 years ago

Massimo *********

@Tod ********

so in my case

*****

4 years ago

Massimo *********

Ya that part was obvious for me that’s why I didn’t mention! But it’s good for people that might not know!

4 years ago

Tod *********

@Massimo ********

correct, (Aug 23- Nov 24 = 3 months)

I would use 3 months after your extension expires as the date it's safe to move the funds

4 years ago

Tod *********

@Steve *******

well spotted (y) that is indeed the requirements AFTER the 800K stays in your account for 3 months

I will edit the comment to reflect that part, sorry I left it out

4 years ago

Steve ********

@Tod ********

Is it the case that the balance must not go below 400,000 though ?

4 years ago

Massimo *********

@Tod ********

thank you!

4 years ago

Tod *********

my advice is don't be a "day counter" and just make sure you keep the 800K baht threshold in the account for 3 months after your old extension would have expired NOT the date you apply for the new one

4 years ago