Answered2 years ago
When can I withdraw the 800k from my account after receiving my Non-O extension?
For my first Non-O extension i will put yhe 800k in the bank. For my renewal I will have transferred over 65k every month.
Considering I don’t need the 800k for my renewal, at what point can it be withdrawn from my account after being granted my initial extension?
Considering I don’t need the 800k for my renewal, at what point can it be withdrawn from my account after being granted my initial extension?
Answer summary
After your initial Non-O extension is granted, you must keep the required 800,000 THB in your bank account for at least three months. Following this period, you may withdraw 400,000 THB, but must not let your balance drop below 400,000 THB for the remainder of the year. For your second extension, you can use monthly income transfers of at least 65,000 THB to meet financial requirements, and the previous 800,000 THB requirement won't affect it if you fulfill the new criteria.
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Stuart *********
For the first extension you agreed to keep the 800k for 3 months after the extension was approved. That amount couldn’t drop below 400k for the rest of the year.
So a partial withdrawal of 400k is possible 3 months down the line.
However if you don’t top it back up to 800k two months before your second extension application then you are leaving yourself no option other than having 12 perfectly timed monthly transfers of 65k+ showing as international transfers.
If you had the 800k you could use that as a backup if for some reason something went awry with one or more of the transfers.
If successful with the second application using transfers then you do not need to keep any money in the account for any length of time. If it comes in it can go out same day.
So a partial withdrawal of 400k is possible 3 months down the line.
However if you don’t top it back up to 800k two months before your second extension application then you are leaving yourself no option other than having 12 perfectly timed monthly transfers of 65k+ showing as international transfers.
If you had the 800k you could use that as a backup if for some reason something went awry with one or more of the transfers.
If successful with the second application using transfers then you do not need to keep any money in the account for any length of time. If it comes in it can go out same day.
Nick *******
OP@Stuart ********
Thank for the detailed reply and back-up plan. My initial thinking was… if I was to use the monthly income method for my second application, why would I need to keep any of the 800k in the bank once my first application was granted. Ok, the agreement says I have to keep it for 3 months after the extension approval. But why does it need to be there after the 3 months. 1. It shouldn’t affect my second application as it doesn’t rely on the 800k being in the bank. 2. There will be 65k transferred every month starting 2 months before the issue of the first extension.Stuart *********
@Nick ******
The first extension had that requirement. (800k for 3 months and 400k for the rest of the year). If you don’t meet with those requirements then you’ve broken the chain of what you committed to do. Regardless of any future requirements for a further extension.Nick *******
OP@Stuart ********
Yeah got it. Thanks for the help.John *******
@Stuart ********
What do you mean perfectly timed?Graham ******
@John ******
every month, not a minute lateStuart *********
@John ******
Probably a bit OTT but lots of people have stories of late transfers for some reason and that screws up their chance of getting the extension.John *******
@Graham *****
I would not call that perfect. Had me scared there for a minute but yet I have not heard of any changes from monthly to perfectly timed. Thanks for
John **********
@Stuart ********
he can also spend the 65k overseas transfers as they come in during the first year so no real reason to mess with the 800kGraham ******
You need to keep 800k for 3 months after your new extension starts then never go below 400k for the rest of the 12 months.
Paul ********
The way I believe it works is that it needs to be in for 3 months before your renewal and then 12 months after you can get it from income. But wait for confirmation
Steve *******
800k needs to be in your account for 3 months after your extention is issued and can't drop below 400k for the whole year.
Piero *************
@Steve ******
but after 12 months you put *****
baht with no exceptions,at example is not a good idea put 130.000 every 2 months or 195.000 every 3 months,you are OK regardless the amount in your accountGraham ******
@Piero ************
you must show to have met the conditions for the first extension (i.e. 800k for 3 months then 400k) to be able to apply for the second extensionPiero *************
@Graham *****
yes ,65k monthly are ok from the 2nd year ,but you must deposit in the first year during the first retirement visaSteve *******
@Graham *****
Exactly this 👍John **********
@Piero ************
not a good planActivity
8 joined8
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