When can I withdraw the 800k from my account after receiving my Non-O extension?

Jan 29, 2025
4 days ago
Nick *******
ORIGINAL POSTER
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Considering I don’t need the 800k for my renewal, at what point can it be withdrawn from my account after being granted my initial extension?
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TLDR : Answer Summary
After being granted your first Non-O extension, you must keep the 800k in your bank account for a minimum of 3 months. You cannot withdraw any amount below 400k for the entire year following the extension approval. Partial withdrawals are allowed after 3 months, but you should top it back up to 800k before your second extension application, unless you're transitioning to the income method where monthly transfers of at least 65k are required instead.
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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.
Nick *******
ORIGINAL POSTER
@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 *******
ORIGINAL POSTER
@Stuart ********
Yeah got it. Thanks for the help.
John *******
@Stuart ********
What do you mean perfectly timed?
Graham ******
@John ******
every month, not a minute late
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
Stuart *********
@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 **********
@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 800k
Graham ******
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 account
Graham ******
@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 extension
Piero *************
@Graham *****
yes ,65k monthly are ok from the 2nd year ,but you must deposit in the first year during the first retirement visa
Steve *******
@Graham *****
Exactly this 👍
John **********
@Piero ************
not a good plan
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