ATTN MEMBERS: Seasoning on funds for banked money method for second year "retirement" extensions after using banked money the previous year

This question comes up a lot.

"𝗪𝗵𝘆 𝗱𝗼𝗲𝘀 𝗺𝘆 𝗼𝗳𝗳𝗶𝗰𝗲 𝘄𝗮𝗻𝘁 𝗮 𝘆𝗲𝗮𝗿 𝘁𝗿𝗮𝗻𝘀𝗮𝗰𝘁𝗶𝗼𝗻 𝗱𝗲𝘁𝗮𝗶𝗹 𝘀𝘁𝗮𝘁𝗲𝗺𝗲𝗻𝘁 𝘄𝗵𝗲𝗻 𝗜 𝗮𝗽𝗽𝗹𝘆 𝗳𝗼𝗿 𝗮 𝗻𝗲𝘅𝘁 𝘆𝗲𝗮𝗿𝗹𝘆 '𝗿𝗲𝘁𝗶𝗿𝗲𝗺𝗲𝗻𝘁' 𝗲𝘅𝘁𝗲𝗻𝘀𝗶𝗼𝗻 𝘂𝘀𝗶𝗻𝗴 𝗯𝗮𝗻𝗸𝗲𝗱 𝗺𝗼𝗻𝗲𝘆 𝗺𝗲𝘁𝗵𝗼𝗱?

The reason for this IS

IF you're currently on a year extension based on retirement now where you used banked money method last year, you were required by immigration rules to keep the 800k baht balance IN your account for 3 months after the yearly extension was granted and then the balance couldn't go below 400K baht the rest of the year (until 2 months before you apply for this new extension you brought the balance back up to 800K).

Now seeing as most people don't update their thai bank books all that often or all that regularly, when you finally get around to doing it, all it will print is a summary of funds in and funds out with a date range <- which doesn't show to the immigration office that you met the financial requirements last year (for the extension you're currently on now).

So to show that to them you get that year detail transaction print out. (This is in addition to the 'standard' bank letter AND updating your bank book on the date you apply for the new extension)

Keep in mind, some banks can print that year transaction detail on request, but some banks can take 5 to 7 days to get it for you. So if you think you might need it, stop in to your bank well before you're going to ask for it and see what their lead time is

Once you do get that print out It shows every transaction thru that account broken down by month for the previous year, with a balance printed for every transaction.

That way it shows immigrations if you failed to hold up your end of the deal when using banked money method for your extension last year and the coming one you're going to apply for this year

This is not a new rule, it is something immigrations came up with to see IF you met the seasoning requirements for the banked money method for the extension you're and for the new one you will apply for

The only times I've seen them NOT require it is if someone uses a "fixed/term" account where the funds stay in the bank all the time. They can and often will waive that report for that type of accounts

Hope this cleared it up some sorry it was long

ATTENTION BANGKOK MEMBERS

who use banked money method for marriage extensions

I got to the bottom of a comment by Ken Sheard who mentioned in another topic they were asked for a years transaction history to get a marriage extension at Chaengwattana in Bangkok. :)

I talked with an immigration officer last night and found out that there are two reasons Immigrations is asking for a print out of transaction history when you use banked money method for a marriage extension.

One reason has to do with the way some banks update a bank book. IF you update your bank book every time you do a transaction you obviously have a 'transaction record' IN the bank book and you don't need to get a print out.

BUT

if you only update the book once a month or once in a while, what some banks do is just print is a summary of transactions <-(money deposited, money withdrawn and the current balance) and that's not enough data for the immigration officer to know you've kept the balance at 400K baht for the previous 2 months before you apply for your extension.

So the reason they're asking you to bring in a detailed transaction print out is to because people aren't updating their bank books regularly and the banks change in how the books are updated by the machines.

Most banks can print a 6 month transaction history on the spot for you. (AND that should easily be enough to show you kept the money in for 2 months before your extension). SO if you're using the 400K baht banked money method for a a marriage extension I'd recommend getting that printed when you get the bank letter.

I'd like to apologize to Ken for being flippant in my commenting. There was no need for me to be that way when they were simply offering out what they were asked for when they got their extension.

Tom, the comment was in your post, SO you might wanna get that print out when you get your bank letter. It certainly can't hurt.

I am currrently on Non-O based on Retirement, due Sep 2021, and considering marriage to a Thai in around July 2021. As I have been depositing over 40,000 baht per month since July 2020, can I use that method for the first year or the normal 400,000 for the first year and then go onto 40,000 a month thereafter?

Hi. A little freaked out at the moment. My retirement visa will expire in April. Last year I only had to show that I was receiving money from overseas amounting to more than 70 000 Baht monthly. Now, I am being told that I also have to have 800 000 Baht in my bank account. Anybody know of any changes in the policy?