Answered5 years ago

Which bank should I use to hold 800K THB for my retirement visa in Thailand?

Thailand retirement visa NON-O visa 800K THB requirement bank account Thailand expat banking Thailand

asked Nov 25, 2021

views

replies

likes

Thanks for accepting me to the group. I will plan an unexpected early retirement this year and then move to Thailand soon. Intital retirement visa to get into the kingdom should be no problem. As I recon I have to do a 1yr extension and re-entry permit once I have arrived in Bkk. The question is: which bank does the 800K THB have to be in? i heard it must be a government bank? They have branches at the CW Immi Office? (I already have an account with Kasikorn for many years)

Answer summary

The user is planning an early retirement in Thailand and inquires about the requirements for holding 800,000 THB in a bank for their retirement visa. According to the community responses, the funds can be kept in any licensed bank in Thailand, including Kasikorn Bank, where the user already has an account.

8 repliesnewest first

Click comment and we will ask for your email, then OTP, then name.

Phil *******

You can have the money deposited in any of the main banks

5 years ago

Benjamin ******

>As I recon I have to do a 1yr extension and re-entry permit once I have arrived in Bkk.

It depends on the visa you're entering on. Are you entering on a 90 day Non-O visa based on being over 50?

>The question is: which bank does the 800K THB have to be in?

It has to be in any licensed bank in Thailand. If you have a bank account with Kasikorn, that would be accepted.

5 years ago

Stefan ********

It depends on the visa you're entering on. Are you entering on a 90 day Non-O visa based on being over 50?

➡️ yes, correct

5 years ago

Benjamin ******

@Stefan *******

Do you already have the 800K THB in the account?

5 years ago

Ellie *******

@Stefan *******

If you already have an account at Kashikorn, you can send the money anytime. You don't have to wait until you arrive in Thailand to make the transfer...

5 years ago

Stefan ********

@Benjamin *****

very helpful. Thank you so much 🙏🏽

5 years ago

Benjamin ******

@Stefan *******

That's correct. My advice would be, as soon as possible, to transfer the 800K THB to your Thai Bank Account, and let it season for two months. At the end of the two months, you should have 30 days remaining on your 90 day Non-O based on retirement, and you can apply for the one year extension of stay.

5 years ago

Stefan ********

@Benjamin *****

not yet; but i guess the money has to *sit* there for 2 months before i can make the extension?

5 years ago