Answered9 years ago
Will my recently deposited funds meet the 3-month rule for a retirement extension renewal in Thailand?
I am due to renew my retirement extension and have a question concerning bank funds please bear with me whilst I try to explain:Being as the pound has gone down the toilet my pension is shy of the 800.000.00 baht - I deposited funds to cover it on 3rd of May and my extension is up on the 2nd of August - As the pound continues to drop I would like to renew my extension now - my question is will the three month rule on cash in the bank trip me up ? 5th May until today is 77 days !
Answer summary
The user inquired about the renewal of their retirement visa extension and whether their bank funds would meet the 3-month seasoning requirement. Due to a depreciation in the British Pound, their pension funds fell below the required 800,000 baht. They deposited additional funds on May 3, with the extension set to expire on August 2, leading to concerns that the 90-day rule might affect their application. Several commenters noted that if this isn't their first extension, the funds need to be seasoned for three months from the new application date. They also discussed potential alternatives like submitting a letter from the British Consulate confirming the user's income, which may bypass the bank seasoning requirement. The conversation reflects the complexities of visa rules, particularly regarding bank funds, currency fluctuations, and immigration office variances.
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Robert *******
It is confusing me to. You need 800.000 Thb for 3 months in a Thai bank account, rising or falling of UK pound does not effect Thb in Thai bank.
Ray *********
Same Tod, had them with me but was never asked for them (although I am aware that others have been).
Tod *********
@R**
, in Bangkok I've never been asked to show any documentation that the amount I put on the consulate letter to show income was backed up by anything. Although I always took proof with me I never gave it to them.Ray *********
When I used income I used to print online statements of my Thai bank account showing money in/out and online statements of my UK account showing my income going in/out..... don't think they were ever particularly interested. :)
Tod *********
@R**
, that is so sad :/ For instance, IF you bank with Citi Bank here you don't get a bank book in instead they print the last three months of account history along with the bank letter.
FWIW: the last couple of times I've had friends go get the bank letters they've also gotten 3 months worth of account print outs from their branch (but the bank branches out at chaengwattana don't do it)
Ray *********
I have a FCD with Bangkok Bank. The IO in Buriram made me take the book away and have it updated in Bangkok (Buriram branch did not have the facility to update the book) I had a standard letter from the branch and another letter from them which they said was "an update letter' because they not have a machine in the branch to update the FCD book'. No..... the tin soldier insisted on the book being updated and totally disregarded the 3 months of bank statements.
Tod *********
Just so you know, some immigration offices are NOT requiring the money in the bank to be seasoned IF you're using the combination method. Bangkok definitely does though :/
Robert, he could have also had a foreign currency account, I had an Aussie friend who did and his balance went below the threshold 800K :/
Robert, he could have also had a foreign currency account, I had an Aussie friend who did and his balance went below the threshold 800K :/
Robert *******
Okay, thanks and good luck
Lance *********
OPmy overseas income (pension) at the current rate of exchange is 60,000 baht per month (720.000.00 p.a) therefore I need to have the difference in a Thai bank for 3 months before renewal date.
Ray *********
Indeed Robert, which is why I think Lance is taking about pension income.
Ray *********
You say that your "pension" is shy of 800k. Presumably you are referring to income ? In which case it is not 800k (that is the capital amount in the bank option) but 65,000 Baht p.m.
Lance *********
OPyes and at the current rate of exchange it's 60,000 baht per month
Gary *******
Write to the British Consulate in Bangkok with (copies of) evidence of your total annual income - which should add up to ฿800,000. Within two weeks, they will send you an income letter that you present to immigration. (If you do it today and explain that you need the letter back urgently then they may be able to send it in time.) No need to muck about with cash in bank that needs to be "seasoned". The cost is £52.
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Mike *******
They seem to be pretty strict.on the seasoning rules.
Lance *********
OPOTT on all of it !
Michael *************
You can use a combination of lump sum and investment so if you're not very short you only need to show a small income I believe. Anyone confirm this ?
Lance *********
OPThanks Tod - so do you think the 2nd of August will be ok ? ie 1 day short - I'm bemused as to why they don't use the 90 rule the same as reporting ! I take it there is zero grace period after the due date ?
Lance *********
OPso as long as the pound holds until the 3rd August I may have to pay 500 baht overstay - if it sinks further i will have to transfer onto a marriage extension - thanks for your help
Tod *********
it's written as 3 months and that means calendar months. Some times that's 90 days some times it's more, rarely it's less ;)
Now don't quote me on this; but I had a friend who was in a similar situation, he went on the 3 month date for the seasoning of the funds BUT that date meant he was 4 days overdue on his extension too :O He paid the 2000baht overstay, applied for and got the yearly extension just fine. This was in Bangkok, so I dunno if it'd work up country,
Now don't quote me on this; but I had a friend who was in a similar situation, he went on the 3 month date for the seasoning of the funds BUT that date meant he was 4 days overdue on his extension too :O He paid the 2000baht overstay, applied for and got the yearly extension just fine. This was in Bangkok, so I dunno if it'd work up country,
Tod *********
If this isn't the first yearly extension you're getting (where the money needs to be seasoned only 60 days) you're going to have to have it seasoned 3 months from the day you apply for the new extension.
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