I'm a bit confused when can I draw down some of my 800000 thb
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TLDR : Answer Summary
In Thailand, when applying for a Non-O Retirement visa, you must have 800,000 THB in your bank for at least two months prior to your visa application and maintain it for three months after receiving your visa. You can withdraw funds after this period, but your balance must not drop below 400,000 THB at any time until the next visa application, which requires you to again have 800,000 THB in your account two months before applying. It's essential to keep track of dates and regulations as they may slightly vary based on local immigration offices.
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.
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they want 800k for the first year because they donāt know your income. The second year you can prove the 65K baht per month with records and then the 800k isnāt required.
The thai immigration has decided that foreigners need 65K baht a month in a year to support themselves. For the first year extension of stay you donāt have time to prove this for a year, so youāll need to prove the whole year at once. (65K x 12 = 780K ā> 800K). For the second year youāll have time to prove 65k a month for twelve consecutive months and the money in your bank is free to use.
Ha has to wait three months after the extension is issued, then he can use up to 400K, but he needs to top up again two months prior to his next extension.
Reply to
Jan ******************
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Andreas *********
Got the peace of mind, and the fact that Thailand wants a parking fee from us, doesn't bother me much because I can afford it. Are you wincing about the interest you lose? In my opinion, the lovely weather in Thailand and the cheaper living costs by far outweights any alleged interest. Who cares how much interest you get if you keep 800.000 THB worth in your home country, compared to a permanent stay permit in Thailand ? Do you know what a parking meter is? Are you the "Cheap Charlie"?
Robert *********
Has to stay all year
Andrew *********
Just leave it in a account forget about it use ya other cash unless ya a poor man š
Richard ********
The only correct answer can come from immigration office you intend to do your 90 day and annual extension atšš
why not? Got the peace of mind, and the fact that Thailand wants a parking fee from us, doesn't bother me much because I can afford it. Are you wincing about the interest you lose? In my opinion, the lovely weather in Thailand and the cheaper living costs by far outweights any interest
you'd pay almost that in agent fees anyway. I think it's about 15,000 baht minimum to have an agent do your extension so you might save about $250 by the end
Reply to
Brown ********
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Mauro ********************
Why pay for stay in one country if they don't make you are welcome?? š š¤
You have to give a year's bank statements when you apply for visa extention. This way Immigration agents can see exactly what's been deposited/withdrawn and most important your monthly bank balances.
The thai immigration has decided that foreigners need 65K baht a month in a year to support themselves. For the first year extension of stay you donāt have time to prove this for a year, so youāll need to prove the whole year at once. (65K x 12 = 780K ā> 800K). For the second year youāll have time to prove 65k a month for twelve consecutive months and the money in your bank is free to use.
But Canadians donāt have to tie up and money or show proof of income in any other ways than an affidavit letter from your embassy confirming your income.
why not? Got the peace of mind, and the fact that Thailand wants a parking fee from us, doesn't bother me much because I can afford it. Are you wincing about the interest you lose? In my opinion, the lovely weather in Thailand and the cheaper living costs by far outweights any interest
Unless your Embassy does the income affadavit you will need the 800k in your account until 3 months after your extension then 400k for the rest of the 12 months. You can use the 65k deposit method for your second and subsequent extensions not the first.
that's correct. You need to prove that a minimum of 65.000.- THB arrive on your Thai bank account, month for month, from abroad. It needs to be coded in your bankbook as coming from abroad. The proof is made by a full year bank statement
Reply to
Andreas *********
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Kristian ***************
Never, they are watching ever baht...
Greta *****
Best is not to let it go under 800k for the first year. They can have issue if you go under so you'll need to consider the bank fees as well. Don't keep it on EXACTLY 800K or else you'll get lower once fees are deducted
For convenience and security not getting the dates wrong, it is advisable to keep an excellent annual program in the bank by receiving renewable annual interest.
that's wrong, this is an old rule that has been discontinued since 2017 . . see the current police order:
Reply to
Andreas *********
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Deepak ********
Fee for 1 year visa is 200 usD equivalent. For Indian national only.
Deepak ********
Today checked with Thai embassy in New Delhi India regarding retairment 1 year visa. They says if ur bank balance in Indian bank is 800 k and more equlent to Thai baht u no need to show in Bangkok . U will get 1 year visa from here only. Just checked with group people is this visa okay !!
friend of me used an agent when he was in Thailand under exemption to get the non immigrant O visum and at same time the 12 months extension.
Andreas *********
Charles Lee . . .you got the 1-year extension issued on 29 January. The 1-year starts on the day following your initial 90-days visa. A bit strange here as you seem to have applied for the EOS 77 days before the previous stay permit expired. . Just count 3 months or 90 days from there, which would bring you to 28 April 2024. Which is a Sunday. I would NOT take out any money from the 800.000.- THB before Tuesday 30 April. Remember you have to leave a minimum of 400.000.- THB stay sitting in the account and need to fill up in time to match the 2-months seasoning for the application to the next extension of stay
Yes I had to do a double take on that one too. Perhaps there was some leeway granted by the office. Some offices allow 45 days prior to a stamp expiry but this is way too many days prior.
it would seem that he applied for the extension 47 days before the 90-days stay permit from a Non-imm-O visa expired. Well we all know that some Immigration allow the application from up to 45 days before the 90-days stay permit expires, which are Bangkok and Chiang Mai, just to name two. Can't see nothing wrong here except that they obviously ignored that he went two days too early
This is one year extension of stay, and you need to have 800K in your bank two months prior and three months after you apply for your first year unless your embassy offers to give you a affidavit letter to confirm your income.
This is correct. If your embassy still offers to give you an affidavit letter to confirm your income, this is sufficient. Most embassies in west Europe still provide this letter, but we know the UK, US, AUS and the Danish stopped this service in 2018.
Thank you for the information. I have more than that amount in my account for the past 3 months. Where can I apply for this 1 year visa extension? š¤ I'm 31 so not retired
The central requirement for a retirement extension (so-called) is that you be age 50 or older. If you are not there is no way to get this extension, no agent can finesse this requirement.
question on the 65k baht / month. That needs to be deposited into your Thai bank account? Or an overseas account meets the criteria? I'm from AU, so the letter from Embassy isn't an option.
An overseas account doesnāt meet the criteria if youāll like to retire in Thailand. You can apply for a 90 days Non O visa or a one year Non O-A visa at home with your bank at home, but for the first year extension in Thailand youāll need to bank 800K in a Thai bank. Later you can use the income method by proving twelve consecutive transactions of min 65K thb a month oversea to a your bank in Thailand.
the Non-O retirement 1 year extension requires 800k in the bank for 2 months prior to applying and 3 months after being given and to not drop below 400k for the remainder of the extension. With it being back up to 800k 2 months prior to applying for your next extension.
you don't need the 800,000K if application is using the 65,000 a month for 12 months renewal, only at start of application for Non 0 retirement visa you need the 800,000k in the bank 2 months before and 3 months after
I know that and take the 65k route. But first year as you say is tricky. You can get a letter stating you have an income of more than 65k per month from your pension provider and that is āsupposed to beā acceptable, instead of the 800k. Keeping the 800k in the bank is foolish and is dead money and depreciates year on year.
not sure I just get letter from bank on day I go to immigration for renewal saying that the deposits every month come from my salary and international source as well as 12 months bank statements. Think if you apply for the Non O retirement at Thai embassy in UK ,you supply your UK bank deposits but obviously need to open Thai bank account for 12 months extension of stay after the 90 days
Having 65k plus per/mo deposited from abroad negates keeping 400 or 800k in an account .
Reply to
Steve **********
Reply
Colin **********
You have to keep it for 3 months after your extension at 800kthb, then 400kthb until 2 months before your next extension when it needs to be at 800kthb
and don't forget, the three months count starts on the day the Extension gets issued. I really need to mention this, because the Admin of this group had it wrong!
the balance for retirement visa cannot fall below 400k in the months when 800k is not required. So, the 2 months before and 3 months after require 800k, the other months the balance can drop below 800k but must stay 400k or above
yes, but the 400k mentioned is the figure relevant to a retirement visa as the minimum for the 7 months in between the months where 800k is the minimum
do you realise how many people try the 3 month, 2 month thing and mess up. Even by a day. No visa renewal. Take your chances but at least let others do what they think best. I was at immigration when someone was told sorry cannot
I know but if people just looked at the immigration website they would see the rules. Some people are so lazy. Get it together, you want to live here learn the rules !
why to people live in a foreign country and not do the home work. Come on you really think these people are sensible. Up to you I did my homework, I know the rules.
I just joined this group yesterday, if you are a top contributor I feel I may consider toxic contributor is more accurate in describing your posts. Can you for a second consider this may be the first step in someoneās ā homework ā?
this group is help anyone with a question in Thailand, how lazy they are is immaterial. Your reply could be read by alot of people who (unbelievable) believe you.
Reply to
Colin **********
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